Home » About us » International work » International Actuarial Association

International Actuarial Association

Vision statement

The actuarial profession is recognized worldwide as a major player in the decision-making process within the financial services industry, in the area of social protection and in the management of risk, contributing to the well-being of society as a whole.

Mission statement

The mission of the IAA, as the worldwide organization of actuarial associations, is:

  • to represent the actuarial profession and promote its role, reputation and recognition in the international domain; and
  • to promote professionalism, develop education standards and encourage research, with the active involvement of its Member Associations and Sections, in order to address changing needs.

Governance and leadership

The two main bodies of the International Actuarial Association (IAA) are the Council and Executive Committee.

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.

Paul Thornton FIA (pictured) is an IAA Past President.

Nick Dumbreck FIA is a member of the IAA Executive Committee.

 

 

 

Other committees

Some members of the Institute and Faculty of Actuaries are chairpersons or vice-chairpersons of IAA Committees:

  • Professionalism Committee: David Martin FFA
  • Enterprise and Financial Risks Committee: Seamus Creedon FIA
  • Pensions and Employee Benefits Committee: Gary Hibbard FIA

Institute and Faculty of Actuaries members who are appointed as Officers or Chairpersons of Committees are not representatives of the UK Profession as such.

Other members of the Institute and Faculty of Actuaries are UK representatives on the Council and committees of the IAA

IAA Sections

The IAA special interest sections encourage actuarial research and development in particular areas of practice. Currently, the IAA has sections covering: Life, Non-life, Financial Risks, Health, Pensions, Benefits and Social Security, Consulting, and Actuaries Without Borders. Click here for more information on the Sections.

IAA Newsletter

Click here for the current and past issues of the IAA Newsletter.