Disbanded Committees and Task Forces
and Financial Risk – To consider, from the point of view of the actuarial profession, matters
relating to investment and financial risk, to report to the Council and to recommend initiatives.
- ORSA –
To serve as a working group within the IAA devoted to the advancing the actuarial view of the ORSA and to the
promoting the competencies of actuaries to perform the ORSA.
Education and Practice – To
develop and maintain information of an educational and practice nature that will be useful to actuaries globally
in the area of insurance accounting and auditing. This includes International Actuarial Notes ("IAN"s) and other
educational material such as monographs and books relating to actuarial practice in the context of financial
reporting of insurers.
Insurance – The Purpose of the General Insurance Committee is to promote the actuarial
viewpoint in discussions at the international level on matters relating to general (P&C) insurance systems, and
related self-insurance matters, with a particular focus on actuarial aspects. In various regions of the world,
"general insurance" is known as "non-life" insurance, or "property/casualty (P&C)" insurance.
and Employee Benefits – To deal with matters arising out of the promulgation of the IASB
(International Accounting Standards Board) Employee Benefits Standard; to address any professional issues of
international relevance for actuaries working in the field of employer-provided pensions and employee benefits; to
coordinate as needed with the Committee on Social Security; to provide support to the proposed IAA Pensions section
if established; to establish links into other worldwide pension organizations as may be appropriate.
and Benefits Accounting – To prepare for approval by the Pensions and Employee Benefits
Committee appropriate input to the International Accounting Standards Board (IASB) on International Accounting
Standard IAS19 and related issues.
OECD Subcommittee - The OECD Subcommittee is a joint subcommittee of the Pensions and Employee Benefits (PEBC) and the Insurance Regulation (IRC)
committees. Its purpose is to co-ordinate joint IAA and OECD activities.
Scientific – To
coordinate activities amongst working groups, to ensure compliance with IAA governance, and to provide a
communication vehicle to supranational organizations.
Issues Working Group – To identify population issues of particular interest to actuaries
and in respect of which the actuarial profession, at an international or national level, could make a useful
contribution in the public interest.
Security – To support actuaries working in the social security field by, inter alia, developing
actuarial guidance and promoting best practice.
IAA Leaders Forum
Fund – The objective of the IAA Fund is to stimulate and support the development of the
actuarial profession and actuarial education in actuarially developing countries, in particular where there is no
professional association or where the local association is at an early stage of development. (Disbanded
by Council on April 22, 2017)
China – To provide advice and assistance that will support the development,
organization and promotion of the actuarial profession and actuarial education in China. (Disbanded by
the Advice and Assistance Committee on April 8, 2011)
ComFrame (Task Force) – The ComFrame Task Force was appointed for a limited
term to assist the ComFrame Task Force of the International Association of Insurance Supervisors (IAIS) in
developing the common frameworks for the supervision of internationally active insurance groups in order to have
actuarial principles realised where appropriate and assist the IAIS in the development of ComFrame relating to
matters such as solvency requirements on capital adequacy, internal models, enterprise risk management, investment,
valuation of assets and liabilities and the role of the actuary. (Disbanded by the Insurance Regulations
Committee on October 2013)
Convergence of Actuarial Standards – In order to support the development and
implementation of the Strategy of the IAA, the Task Force should develop a discussion paper on the IAA strategy in
respect to the international convergence of technical actuarial standards. Note that ethical standards are already
convergent because all IAA member associations follow the IAA requirements for Codes of Conduct.
(Disbanded by the Executive Committee on October 12, 2010)
General Actuarial Practice (Task Force) - (Disbanded by the
Actuarial Standards Committee on December 19, 2012)
Governance Review (Task Force) –
(Disbanded by the Executive Committee on March 27, 2014)
IAS 19 (Task Force) - (Disbanded by the Actuarial Standards
Committee on June 29, 2015)
International Education Program – Responsible for the development,
implementation and organization of an International Actuarial Education Program (IAEP). (Disbanded by
Council on February 14, 2010)
IEPC Steering Committee – Responsible for negotiating an agreement with
external international donor entities to secure funding for the Feasibility Study and for ensuring completion of the
Feasibility Study in accordance with these terms of reference.
Member Services – To fulfill the various professional needs of the individual
members within the IAA and to facilitate communication among interested individual members. To encourage the
involvement of all members with IAA activities and to support the existing Sections. (Disbanded by
Council on October 12, 2010)
Permanent Structure for International Actuarial Standards – To review the ideas
in the Report of the Convergence of Actuarial Standards Task Force and to seek input from other organisations.
Prepare papers for discussion by the EC and Council and a final proposal for approval by Council.
(Disbanded by the Executive Committee on May 26, 2012)
Regulated Professions (Task Force) –
(Disbanded by the Executive Committee on September 11, 2014)
– To address and coordinate actuarial issues of particular relevance to reinsurance as well as the
relevance of reinsurance to direct insurance or having another particular importance for
reinsurance. (Disbanded by the Insurance Regulation Committee on December 31,
(Task Force) – (Disbanded by the Executive Committee on
December 22, 2014)
Risk Crisis – To provide advice and guidance to the sub-group of the Enterprise
and Financial Risk Committee. In accordance with the IAA’s vision statement identifying the management of risk as a
key area of actuarial expertise, the sub-group has been tasked with preparing an appropriate reaction by the IAA on
behalf of the global actuarial profession to the recent financial crisis. (Disbanded by Council on
February 14, 2010)
Role of Actuaries in ERM – Develop a short statement positioning actuaries
relative to others in the risk management field and emphasizing the importance of professionalism in risk
management, Identify areas where the IAA can help to further the development of the actuarial brand in the ERM area
and prepare a recommended action plan for consideration by the Executive Committee. (Disbanded by the
Executive Committee on September 7, 2010)
Role of the Actuary – To draft a value proposition for the actuarial
profession, develop a short statement positioning actuaries relative to others and emphasizing the importance of
professionalism, identify areas where the IAA can help to further the development of the actuarial brand and prepare
a recommended action plan for consideration by the Executive Committee (EC). (Disbanded by the Executive
Committee on June 18, 2013)
Social Security (Task Force) –
(Disbanded by the Actuarial Standards Committee on November 12, 2013)
To promote, develop, maintain and be a point of contact for appropriate guidance in the area of solvency
and risk assessment of insurers internationally. (Disbanded by the Insurance Regulation
Committee on December 31, 2019)
Strategic Action Plan for ISAPs (Task Force) – To develop a strategic
action plan for ISAPs for consideration by the Executive Committee (EC), taking into consideration the EC discussion
paper on a strategic plan for ISAPs dated October 17, 2012 and feedback from Council at its November 18, 2012
meeting. (Disbanded by the Executive Committee on June 18, 2013)
Supranational Relations – To identify, establish and manage relationships with
key international audiences and bring them in contact with the relevant actuarial groups (IAA Committees, IAA
Sections or local associations) that will provide them with actuarial input to improve the soundness of the
decisions being made on important global issues. (Disbanded by the Executive Committee on April 9,
Syllabus Review Task Force – To recommend new education requirements and a
resulting syllabus for a member to be recognized as a fully qualified actuary in a full member association of the
IAA. (Disbanded by the Education Committee on May 26, 2016)