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International Actuarial Association

The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations.

History

The IAA is the continuation of the Comité Permanent des Congrès d’Actuaires, established in 1895, as an association of individuals. It was renamed the IAA in 1968. At the 26th International Congress of Actuaries, held in Birmingham on 7–12 June 1998, the General Assembly of the International Actuarial Association restructured itself.

The restructure created a single unified framework to ensure unity of direction and efficient coordination with respect to issues of a worldwide nature. The major responsibilities of the IAA are now in the hands of the actuarial associations, which bring together the actuaries in their respective countries and is the link between the actuaries and the actuarial associations worldwide. The IAA is the unique international organization dedicated to the research, education and development of the profession and of actuarial associations.

Sections

The IAA has six sections, AFIR-ERM, ASTIN, IAAHS, IAALS, IACA, PBSS.

Actuarial Approach for Financial Risks

The Actuarial Approach for Financial Risks (AFIR-ERM) section and was founded in 1988. It has as its objective the promotion of actuarial research in financial risks and enterprise risk management, and its most important function is the organizing of annual colloquia.

Actuarial Studies In Non-Life Insurance

The Actuarial Studies In Non-life insurance (ASTIN) section was founded in 1957. ASTIN organises annual colloquia and jointly publishes with the other sections, the ASTIN Bulletin, an internationally renowned referenced scientific journal.

International Actuarial Association Health Section

The International Actuarial Association Health Section (IAAHS) was founded in 2003 to provide an international perspective on health actuarial practice, public and private health insurance, and health policy matters.

International Actuarial Association Life Section

The International Actuarial Association Life Section (IAALS) has as its objectives to promote and facilitate an international exchange of views, advice, research and practical information among actuaries involved with life insurance issues.

International Association of Consulting Actuaries

The International Association of Consulting Actuaries (IACA) is the consulting section of the IAA.

The IACA first met in 1960, and was formally constituted in 1968. It held international meetings every other year to consider issues of concern to consulting actuaries. Much of the impetus for early meetings was stimulated by Max Lander and Geoffrey Heywood, who continued to play a prominent role in the Association for many years and were elected Emeritus Members of its Committee in 1976.

In 1999, following a restructuring of the IAA, the IACA was admitted as the consulting section of the IAA.

Pensions, Benefits and Social Security

The Pensions, Benefits, Social Security Section (PBSS) was founded in 2003 to serve actuaries around the world who have personal, professional, educational or research interests in social protection and the commercial, social and public policy issues concerning the provision of pensions and other benefits.

Governance

The IAA Council comprises the President whose term of office is one year, the officers and one delegate per full member association and one delegate per section. The committees and the council normally meet twice a year in different countries.

The Officers for the period January 1, 2024 to December 31, 2024 are:

Charles Cowling, President
Bozenna Hinton, President-Elect
Micheline Dionne, Immediate Past President

The Council elects an Executive Committee to coordinate activities and operations, and propose strategies, budgets, membership fees and Council meeting venues. The President chairs the Executive Committee, which comprises the Officers and 8 elected at-large members.

Member associations

Currently, the IAA has 73 full member associations, 26 associate member associations, six partners organisations and 3 patrons. All individual actuaries can elect to join any section of the IAA, which currently are ASTIN, AFIR-ERM, IACA, IAAHS, IAALS and PBSS by paying the required contribution.

Full members

Caribbean Actuarial Association
Central American Actuaries Association
Professional Council of Economic Sciences of the City of Buenos Aires
Actuaries Institute Australia
Austrian Actuarial Society
Institute of Actuaries in Belgium
Actuarial Association in Bosnia and Herzegovina
Brazilian Institute of Actuaries
Bulgarian Actuarial Society
Canadian Institute of Actuaries
China Association of Actuaries
Colombian Association of Actuaries
Croatian Actuarial Association
Cyprus Association of Actuaries
Czech Society of Actuaries
Danish Society of Actuaries
Egyptian Society of Actuaries
Estonian Actuarial Society
Actuarial Society of Finland
Institute of Actuaries of France
German Actuarial Society
Actuarial Society of Ghana
Hellenic Actuarial Society (Greece)
Actuarial Society of Hong Kong
Hungarian Actuarial Society
Society of Icelandic Actuaries
Institute of Actuaries of India
Society of Actuaries of Indonesia
Society of Actuaries in Ireland
Israel Association of Actuaries
Italian Institute of Actuaries
Institute of Actuaries of Japan
Japanese Society of Certified Pension Actuaries
Actuarial Society of Kazakhstan
Actuarial Society of Kenya
Latvian Actuarial Association
Lebanese Association of Actuaries
Lithuanian Actuarial Society
Macedonian Actuarial Association
Actuarial Society of Malaysia
National Association of Actuaries (Mexico)
Moroccan Association of Actuaries
Actuarial Society of the Netherlands
New Zealand Society of Actuaries
Nigerian Actuarial Society
Norwegian Society of Actuaries
Pakistan Society of Actuaries
Actuarial Society of the Philippines
Polish Society of Actuaries
Portuguese Institute of Actuaries
Romanian Actuarial Association
Russian Guild of Actuaries
Serbian Association of Actuaries
Singapore Actuarial Society
Slovak Society of Actuaries
Slovenian Association of Actuaries
Actuarial Society of South Africa
Institute of Actuaries of Korea (South Korea)
Spanish Institute of Actuaries
Catalan Actuarial Association (Spain)
Actuarial Association of Sri Lanka
Swedish Society of Actuaries
Swiss Association of Actuaries
Actuarial Institute of Chinese Taipei
Society of Actuaries of Thailand
Actuarial Society of Turkey
Association of Consulting Actuaries (United Kingdom)
Institute and Faculty of Actuaries (United Kingdom)
American Society of Pension Professionals and Actuaries
Casualty Actuarial Society (United States)
Conference of Consulting Actuaries (United States)
Society of Actuaries (United States)

Associate members

Albanian Actuarial Association
Institute of Actuaries of Argentina
Actuarial Society of Armenia
Actuarial Association of Azerbaijan
Actuarial Association of the Republic of Srpska (Bosnia and Herzegovina)
Channel Islands Actuarial Society
Institute of Actuaries of Chile
Ecuadorian Actuarial Association
Association of Actuaries and Financial Analysts (Georgia)
Actuarial Society of Iran
Luxembourg Actuarial Association
Mexican Association of Actuaries
Moldovan Actuarial Association
Society of Actuaries of Mongolia
Society of Actuaries of Namibia
Association of Actuaries of Panama
Association of Professional Actuaries (Russia)
Institut National des Actuaires au Sénégal (Senegal)
Actuarial Society of Tanzania
Association Actuarielle au Togo
The Actuarial Association of Uganda
Society of Actuaries of Ukraine
Actuarial Society of Zambia
Actuarial Society of Zimbabwe

Partners

International Accounting Standards Board
International Association of Insurance Supervisors
International Organisation of Pension Supervisors
International Social Security Association
Organisation for Economic Co-operation and Development
Sustainable Insurance Forum

Observers

Actuaires du Monde

Patrons

Reinsurance Group of America
Milliman
Istituto Nazionale per l'Assicurazione contro gli Infortuni sul Lavoro e le malattie professionali

Publications

ASTIN Bulletin - The Journal of the International Actuarial Association (ISSN 0515-0361)
Stochastic Modeling – Theory and Reality from an Actuarial Perspective (ISBN 978-0-9813968-2-8)
Discount Rates in Financial Reporting A Practical Guide (ISBN 978-0-9813968-3-5)
Risk Adjustments for Insurance Contracts Under IFRS 17 (ISBN 978-0-9813968-4-2)