AAE és IAA anyagai

2017.10.18 Board report to General Assembly

Please find the Quarterly Board Report to General Assembly of October 2017.

2017.01.18 News Release: The International Actuarial Association Adopts ISAPs 1A and 5

The International Actuarial Association (IAA) is pleased to announce the adoption of two new International Standards of Actuarial Practice (ISAPs) at its Council meeting held in Cape Town, South Africa on 21 November 2016. The two new ISAPs are:

International Standard of Actuarial Practice 1A (ISAP 1A) on Governance of Models; and
International Standard of Actuarial Practice 5 (ISAP 5) on Insurer Enterprise Risk Models.

Like their predecessors, both ISAPs will be model standards intended for adoption by actuarial standard-setting bodies, as appropriate, and as such, are not binding on any actuary. The IAA encourages actuarial standard-setting bodies to study these ISAPs and to consider taking one of the following courses of action in their jurisdiction:

· Adopting these ISAPs as standards with only the modifications in the Drafting Notes;
· Customizing these ISAPs by revising the text of the ISAPs to the extent deemed appropriate by the standard-setting body while ensuring that the resulting standard or set of standards is substantially consistent with these ISAPs;
· Endorsing these ISAPs by declaring that these ISAPs are appropriate for use in certain clearly defined circumstances;
· Modifying existing standards to obtain substantial consistency with these ISAPs; or
· Confirming that existing standards are already substantially consistent with these ISAPs.

These new model standards directly support the IAA’s strategic objective to promote the development and issuance of actuarial standards in the jurisdictions of all IAA Member Associations.

ISAPs 1A and ISAP 5 have been developed by the ISAP 1A Task Force and the ISAP 5 Task Force of the Actuarial Standards Committee (ASC) respectively, in compliance with the IAA’s due process for International Standards of Actuarial Practice. As the final standards were developed, the ASC took into consideration the numerous comments received on the exposure drafts of the ISAPs published in October 2015 as well as the final review consultation process in September 2016, resulting in several improvements. The ASC and the relevant Task Forces will be hosting a webcast in the near future to introduce the new ISAPs and engage with the Member Associations. Details of this webcast and registration information will be made available in due course.

The two new ISAPs and the updated glossary of defined terms are available on the IAA website under publications/ISAPs. The Director of Technical Activities at the IAA Secretariat is available to answer any questions about the ISAPs and provide additional information on request.

2017.01.17 New link to website of The European Actuary

This is to inform you that The European Actuary is now available at this link: http://www.theeuropeanactuary.org/.

2017.01.16 News Release: 2017 IAA Election Results and Presidential Address

The International Actuarial Association (IAA) is pleased to announce that, at its meeting on November 21, 2016 in Cape Town, South Africa, the Council of the IAA elected the following individuals to serve as Officers of the IAA effective January 1, 2017.

President: Thomas S. Terry (United States)
President-Elect: Masaaki Yoshimura (Japan)
Immediate Past President: Malcolm Campbell (Sweden)

All terms of office are for one year ending on December 31, 2017.

Mr. Terry’s involvement in the work of the IAA started in 2009 as the Conference of Consulting Actuaries’ delegate to the Pensions & Employee Benefits Committee, after which he served as Vice-Chairperson from 2010 to 2012 and Chairperson in 2015. Over the years, Mr. Terry has also served as a member of the Accreditation Committee, Mortality Working Group, Strategic Planning Subcommittee and various task forces. He was elected as a member of the Executive Committee in 2005, and chaired the Strategic Planning Subcommittee in 2016.

Mr. Terry offered these comments upon assuming the position of IAA President:

“Actuaries are deeply connected to the insurance, pension and healthcare industries, as well as the numerous government-sponsored systems providing valuable insurance, income and health protection for citizens around the world.

The IAA’s members are the home associations for practicing actuaries. They provide the professional environment – education and practice standards – necessary to provide appropriate assurances to the stakeholders and publics they serve. They also conduct essential research, and they address important and relevant public policy matters.

I’d like to highlight three key roles the IAA plays in support of our member associations and their shared interests.

First, the IAA supports its members in their pursuit of professional excellence. The IAA establishes required minimum standards for its members in some areas, and develops voluntary model standards in others. This degree of cooperation is enabled by the common orientation toward quality and serving the public interest that is shared across all our members.

Second, the IAA works to support the development of the actuarial profession in developing economies. The promise of economic development can be fulfilled only to the extent that insurance and other risk-pooling systems are in place to provide the necessary protections against unexpected loss.

Third, in working with other global organizations, the IAA speaks for its members as we collaborate towards the goals we share, namely, the development and maintenance of sound, sustainable financial security systems.

We’ll be working on all three fronts in the year ahead. We’ll be examining our education standards, working to support the development of workable regulation in developing economies, and sharpening our focus on public policy matters – just to highlight a few initiatives.

I want to acknowledge both Malcolm Campbell, our insightful and dedicated 2016 IAA President, and Nicole Séguin, our gifted Executive Director who retired at the end of last year. Many thanks to both of you for your leadership and the guidance you’ve provided me and everyone at the IAA!

And, finally, I want to welcome Mathieu Langelier, our new Executive Director. I know Mathieu and I both look forward to an exciting and productive 2017.”

To learn more about the work of the IAA, please visit the IAA website or contact the IAA Secretariat.

2016.12.07 IAA Admits its 69th Full Member Association—the Actuarial Society of Turkey

The International Actuarial Association (IAA) is pleased to announce that it has admitted the Actuarial Society of Turkey (AST) as its 69th Full Member association. The AST was established in 1951, has a membership comprising 152 fully qualified actuaries, and is currently led by President Orhun Emre Çelik.

The AST objectives include: increasing the recognition of the actuarial profession in Turkey; enhancing the knowledge of members of the profession by providing education, training and promoting research; responding to requests from official agencies; and resolving disputes between the members of the profession fairly.

Admission as a Full Member follows a thorough process that includes a review of the applicant association’s education program; code of professional conduct; formal discipline process; and, where applicable, formal process for the adoption of standards of practice. The Accreditation Committee reviews each of these documents to ensure compliance with IAA requirements, and the Education Committee determines whether the education requirements for a particular association or programme meet the standards set down in the IAA Education Syllabus and Guidelines. Several volunteers from both committees were instrumental in progressing the AST’s admission process.

This activity contributes towards achieving the IAA’s strategic objective to support the development, organization and promotion of the actuarial profession in areas of the world in which it is not present or is not fully developed.

2016.12.06 EAA Seminar „Non-Life Pricing: Introduction to Practical Implementation of Modern Techniques in R” on 16/17 March 2017 in Cologne

The EAA – European Actuarial Academy is pleased to announce the seminar „Non-Life Pricing: Introduction to Practical Implementation of Modern Techniques in R” on 16 and 17 March 2017 in Cologne, Germany.

This training is specially developed for non-life actuaries or statisticians working in product development or risk management departments. A basic knowledge of non-life premium calculation mechanisms is useful but not necessary.

Please register to take part in this up to date seminar. The early-bird registration fee is € 790.00 plus 19 % VAT until 16 January 2017. After this date the fee will be € 970.00 plus 19 % VAT.

You may find additional information attached and on our website incl. an online registration form. An overview on other upcoming events is enclosed as well.

2016.12.06 New CERA Seminar Dates 2017 Published

The European Actuarial Academy is one of the main providers of actuarial education – especially when it comes to Enterprise Risk Management (ERM). The concept of ERM has gained significant momentum in the insurance industry and beyond.
We offer a series of four training courses and exams (through DAV) to all actuaries, who want to deepen their knowledge in Enterprise Risk Management and gain the international ERM-credential CERA.
The CERA seminars 2017 will take place partly in Vienna, Austria and partly in Zagreb, Croatia. The courses are scheduled as follows:
· CERA, Module A: Foundations Quantitative Methods of ERM, 27 February – 2 March 2017 in Vienna (book here)
· CERA, Module B: Taxonomy, Modelling and Mitigation of Risks, 18-22 September 2017 in Vienna (bookable online, soon)
· CERA, Module C: Processes in ERM, 27/28 March 2017 in Zagreb (book here)
· CERA, Module D: ERM – Economic Capital, 29/30 March 2017 in Zagreb (book here)

If you are interested in the CERA training programme and certification, we recommend you to book the soonest, to make sure you safe your place for next year’s run. Some seminar capacities are limited already.

The seminar modules may be visited in any order, but it might be suitable to visit the Module A “Foundations Quantitative Methods of ERM” first. Please note that the CERA title can only be awarded by your local actuarial association and not by the EAA directly. For more information please contact the EAA or your local association.

You may find further details on the bookable seminars online. The yet missing seminar information will be published on our website, soon. CERA is not your topic? An overview on further upcoming events is enclosed for your kind attention as well.

2016.12.05 New Actuarial Skillsets Being Utilized in South Africa

News Release on New Actuarial Skillsets Being Utilized in South Africa is available here

2016.10.24 Joint letter from the Institute and Faculty of Actuaries and the Society of Actuaries

Joint letter from the Institute and Faculty of Actuaries and the Society of Actuaries is available here.

2016.10.03 New issue of The European Actuary

The new issue of The European Actuary (October 2016) is now available.

2016.07.04 AAE EU Newsletter

The new EU newsletter is available.

2016.06.01 AAE publishes paper on the Roles of Actuaries under Solvency II

The AAE has published the paper “The Roles of Actuaries under Solvency II” (attached)
The paper can also be downloaded from AAE’s website.

2016.04.24 AAE EU Newsletter

The second EU newsletter prepared by ICoda European Affairs is available exclusively for the AAE.

2016.04.08 Chairperson’s report to member associations – April 2016

The April 2016 edition of the AAE Chairperson’s report to member associations is now available via this link and on the members-only page of the web site.

2016.04.01 New issue of The European Actuary

Today the April issue of The European Actuary has been published.

2016.02.05 AAE EU Newsletter

The second EU newsletter prepared by ICoda European Affairs is available exclusively for the AAE.

2016.01.06 IAA Webinar on ISAP 1A and ISAP 5 Exposure Drafts

Wednesday, 27 January 2016 at 13:00 GMT (click here to check your local time)
In October 2015, The International Actuarial Association (IAA) published exposure drafts of two International Standards of Actuarial Practice (ISAPs) for comment:
International Standard of Actuarial Practice 1A (ISAP 1A) on Governance of Models; and
International Standard of Actuarial Practice 5 (ISAP 5) on Insurer Enterprise Risk Models.
Like their predecessors, both ISAPs will be model standards intended for adoption by actuarial standard-setting bodies, as appropriate.
More details of the exposure drafts are available on the IAA website and can be accessed by clicking on the following links:
ISAP 1A – Governance of Models
ISAP 5 – Insurer Enterprise Risk Models

The deadline to comment on both exposure drafts is 31 March 2016.

ISAP 1A and ISAP 5 present a unique situation where ISAP 5 depends on ISAP 1A but they are being exposed simultaneously. The Actuarial Standards Committee (ASC) of the IAA will host a webinar on Wednesday, 27 January 2016 at 8:00 a.m. EST (Click here for your local time) to allow IAA Member Associations and other interested parties to be better informed regarding the key aspects of these important and related documents.

The IAA invites its Member Associations and other interested parties to join this webinar to share their views and learn more about the two proposed ISAPs and how they interrelate.

Godfrey Perrott (ISAP 1A) and Al Beer (ISAP 5) will make presentations on what the ISAPs cover and why, and will then address your questions. Alf Gohdes and Tom Karp will moderate the webinar.
Please click here to view the tentative agenda and to register for the webinar.

We request questions ahead of time so we can focus the webinar on any issues that concern you. Please be as specific as you can in your questions and direct them by e-mail to technical.activities@actuaries.org.

The presenters will endeavour to answer all questions they consider relevant and important during the course of the webinar. However, in order to ensure that all relevant comments are dealt with in the formal process, the ASC requests commenters to also submit any comments they wish to have addressed in the final model standard to the available comment addresses: ISAP1A.comments@actuaries.org and ISAP5.comments@actuaries.org

2015.11.29 AAE publishes postion paper on IORP revision and note on IBER

Paper on IORP revision and press release

Note on IBER and press release

2015.11.22 Newsletter Actuarial Association of Europe

Az Actuarial Association of Europe hírlevele