International Actuarial Association

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

International Actuarial Association
International Actuarial Association logo
Formation1895
HeadquartersOttawa, Canada
President
Tonya Manning
Websitehttp://www.actuaries.org

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 seven sections, ASTIN, AFIR/ERM, IACA, IAAHS, PBSS, AWB and LIFE. The ASTIN Section stands for Actuarial Studies In Non-life insurance and was founded in 1957. ASTIN organises annual colloquia and jointly publishes with the other sections, the ASTIN Bulletin, an internationally renowned referenced scientific journal. The AFIR/ERM Section stands for Actuarial Approach for Financial Risks 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. The IACA Section stands for International Association of Consulting Actuaries and was founded in 1968, independently of the IAA, to facilitate international exchange of views between consulting actuaries. It was admitted as a section of the IAA in 1999. 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. 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. The Actuaries Without Borders Section (AWB) was also founded in 2003 to link situations in need of actuarial skills with financial resources and with actuarial volunteers to meet those needs. The LIFE Section 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.

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, 2019 to December 31, 2019 are:

Tonya B. Manning, President
Jan Kars, President-Elect
Gábor Hanák, 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 the chairpersons of the Committees and Sections.

Currently, the IAA has 74 full member associations, 28 associate member associations, five partners organisations, one observer organisations and 5 patrons. All individual actuaries can elect to join any section of the IAA, which currently are ASTIN, AFIR, IACA, IAAHS, PBSS, AWB and LIFE by paying the required contribution.

Member associations

Full members:

Associate members:

  • Albanian Actuarial Association
  • Institute of Actuaries of Argentina
  • Actuarial Society of Armenia
  • Actuarial Association of Azerbaijan
  • Actuarial Society of Bangladesh
  • Association of Actuaries of Benin
  • 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:

Observers:

Patrons:

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)

Past presidents
  • 1895-1896 Léon Mahillon
  • 1896-1909 Omer Lepreux
  • 1909-1946 Amédée Bégault
  • 1946-1950 Léon François
  • 1950-1964 Albert Théate
  • 1964-1984 Edouard Franckx
  • 1987-1988 Henri Rijkers
  • 1988-1998 André Lamens
  • 1995-1996 Paul McCrossan†
  • 1996-1997 Christopher Daykin†
  • 1997-1998 Walter S. Rugland†
  • 1998-1999 Jean Berthon
  • 2000 Catherine M. Prime
  • 2001 Morris W. Chambers
  • 2002 Edward J. Levay
  • 2003 W. James MacGinnitie
  • 2004 Luis Huerta
  • 2005 Alf Guldberg
  • 2006 Jean-Louis Massé
  • 2007 Hillevi Mannonen
  • 2008 David G. Hartman
  • 2009 Katsumi Hikasa
  • 2010 Paul N. Thornton
  • 2011 Cecil D. Bykerk
  • 2012 Desmond K. Smith
  • 2013 Kurt Wolfsdorf
  • 2014 Robert L. Brown
  • 2015 Frederick Rowley
  • 2016 Malcolm Campbell
  • 2017 Thomas S. Terry
  • 2018 Masaaki Yoshimura

†Chairmen of the International Forum of Actuarial Associations

Medallists of the IAA
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