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
 * 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
†Chairmen of the International Forum of Actuarial Associations
 * 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
 * 2019 - Gábor Hanák
 * 2020 - Tonya B. Manning
 * 2021 - Jan Kars
 * 2022 - Roseanne Harris
 * 2023 - Micheline Dionne

Medallists of the IAA

 * 2001 - Hans Bühlmann
 * 2001 - Max Lacroix
 * 2008 - Paul McCrossan
 * 2010 - Yves Guérard
 * 2014 - Christopher Daykin