Associate Members of the IAA Region of the World Country Name of Association A&A Subcommittee 1 Africa Benin Association des Actuaires Beninois Africa Representatives attended the 3rd African Actuarial Congress in Lomé, April 2013 2 Africa Cameroon Institute of Actuaries - Cameroon Africa Membership had been terminated due to non-payment of membership fees for the years 2010 to 2013. Has been re-admitted as an Associate Member in Washington, March 2014. Membership was not renewed in Zurich. 3 Africa Ghana Actuarial Society of Ghana Africa Interested in progressing to FMA for many years; is now considering IFRS training module from SOA. Field training to assist on the preparation of SoA exams to be organized with the AWB in summer 2014. Training took place on April 13-17, 2015, to assist on the preparation of Models for Life Contingencies (MLC) under the syllabus of the Society of Actuaries. Training organized in May for students taking Certified Actuarial Analyst under project between IFoA and GIZ. Association presented their application for full membership to be discussed in Cape Town. 4 Africa Namibia Society of Actuaries of Namibia Africa Code of Conduct for SAN members developed. Launch of local Continuing Professional Development sessions since April 2013. No recent news. 5 Africa Nigeria Nigeria Actuarial Society Africa Informaiton dating from September indicates that the NAS executive is being reconstituted and will increase its interaction with the IAA in the coming months. Successful AWB project organized in Lagos Nigeria in September 2016. 6 Africa Senegal Institut National des Actuaires au Sénégal Africa The first stage of training has been completed in Lyon and Barcelona. There were 15 participants from seven different countries. The next session will begin in January at the University of Senegal. An actuarial association for French speakers is being created and the status is expected to be finalized within two to three months. This association will comprise 15–20 actuarial science students from French-speaking countries. No recent news. 7 Africa Tanzania Actuarial Society of Tanzania (AST) Africa No recent news. 8 Africa Uganda The Actuarial Association of Uganda (TAAU) Africa March 9-11, 2015, training to cover general insurance reserving and pricing techniques with a focus on motor and medical lines of business. Representatives from the IFoA have discussesd the new Certified Actuarial Analyst qualification with TAAU members. An exam centre has been set up in Uganda. Derek Cribb was in Uganda in March 2015 and is liaising with the TAAU about the development of the CAA qualification. 9 Africa Zambia Actuarial Society of Zambia Africa Admitted as Associate Member at the Council meeting in Singapore, Oct 2013. The Actuarial Society of Zambia is working closely with the university in order to reach out to more students. March, 2015 AWB presented a 2 day's seminar on ratemaking. 10 Africa Zimbabwe Actuarial Society of Zimbabwe Africa The actuarial society asked support from AWB, but it was mainly financial support for students allowing to write exams. Beside financial support, also mentorship greatly needed and requested. Introduction of a mock examination for the IFoA in April 2014. Training scheduled for the last week of March 2015 and five days in August, in the subjects of Financial Mathematics (CT1), Models (CT4), Contingencies (CT5) and Financial Economics (CT8) under the syllabus of the IFoA. 11 Asia Bangladesh Actuarial Society of Bangladesh Asia Liyaquat met with Mahfuz in February 2014 to review exam activity. Simone Chen has left MetLife, we are seeking new contact. Representatives from the IFoA have discussed the new certified actuarial analyst qualification with ASB members. The first exams will be taken later this year, and an exam centre will be set up in Bangladesh. It was noted that Chris Daykin and Derek Cribb will be travelling to the region and may be able to assist in liaising with possible contacts in the country. 12 Asia Mongolia Society of Actuaries of Mongolia Asia New project financed by the Microinsurance Project of Mongolia involves three volunteers going for a week each in March/April 2014 to teach general insurance pricing and reserving and microinsurance, organised through IFoA.
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Associate Members of the IAARegion of the World Country Name of Association A&A Subcommittee
1 Africa Benin Association des Actuaires Beninois Africa Representatives attended the 3rd African Actuarial Congress in Lomé, April 20132 Africa Cameroon Institute of Actuaries - Cameroon Africa Membership had been terminated due to non-payment of membership fees for the years 2010 to 2013. Has been re-admitted as an Associate
Member in Washington, March 2014. Membership was not renewed in Zurich. 3 Africa Ghana Actuarial Society of Ghana Africa Interested in progressing to FMA for many years; is now considering IFRS training module from SOA. Field training to assist on the preparation
of SoA exams to be organized with the AWB in summer 2014. Training took place on April 13-17, 2015, to assist on the preparation of Models for Life Contingencies (MLC) under the syllabus of the Society of Actuaries. Training organized in May for students taking Certified Actuarial Analyst under project between IFoA and GIZ. Association presented their application for full membership to be discussed in Cape Town.
4 Africa Namibia Society of Actuaries of Namibia Africa Code of Conduct for SAN members developed. Launch of local Continuing Professional Development sessions since April 2013. No recent news.
5 Africa Nigeria Nigeria Actuarial Society Africa Informaiton dating from September indicates that the NAS executive is being reconstituted and will increase its interaction with the IAA in the coming months. Successful AWB project organized in Lagos Nigeria in September 2016.
6 Africa Senegal Institut National des Actuaires au Sénégal Africa The first stage of training has been completed in Lyon and Barcelona. There were 15 participants from seven different countries. The next session will begin in January at the University of Senegal. An actuarial association for French speakers is being created and the status is expected to be finalized within two to three months. This association will comprise 15–20 actuarial science students from French-speaking countries. No recent news.
7 Africa Tanzania Actuarial Society of Tanzania (AST) Africa No recent news.
8 Africa Uganda The Actuarial Association of Uganda (TAAU)
Africa March 9-11, 2015, training to cover general insurance reserving and pricing techniques with a focus on motor and medical lines of business. Representatives from the IFoA have discussesd the new Certified Actuarial Analyst qualification with TAAU members. An exam centre has been set up in Uganda. Derek Cribb was in Uganda in March 2015 and is liaising with the TAAU about the development of the CAA qualification.
9 Africa Zambia Actuarial Society of Zambia Africa Admitted as Associate Member at the Council meeting in Singapore, Oct 2013. The Actuarial Society of Zambia is working closely with the university in order to reach out to more students. March, 2015 AWB presented a 2 day's seminar on ratemaking.
10 Africa Zimbabwe Actuarial Society of Zimbabwe Africa The actuarial society asked support from AWB, but it was mainly financial support for students allowing to write exams. Beside financial support, also mentorship greatly needed and requested. Introduction of a mock examination for the IFoA in April 2014. Training scheduled for the last week of March 2015 and five days in August, in the subjects of Financial Mathematics (CT1), Models (CT4), Contingencies (CT5) and Financial Economics (CT8) under the syllabus of the IFoA.
11 Asia Bangladesh Actuarial Society of Bangladesh Asia Liyaquat met with Mahfuz in February 2014 to review exam activity. Simone Chen has left MetLife, we are seeking new contact. Representatives from the IFoA have discussed the new certified actuarial analyst qualification with ASB members. The first exams will be taken later this year, and an exam centre will be set up in Bangladesh. It was noted that Chris Daykin and Derek Cribb will be travelling to the region and may be able to assist in liaising with possible contacts in the country.
12 Asia Mongolia Society of Actuaries of Mongolia Asia New project financed by the Microinsurance Project of Mongolia involves three volunteers going for a week each in March/April 2014 to teach general insurance pricing and reserving and microinsurance, organised through IFoA.
13 Asia Sri Lanka Actuarial Association of Sri Lanka (AASL) Asia Liyaquat Khan participated in a one day seminar, July 7th 2014, on the topic "Shaping the future of Sri Lankan Insurance Industry". He made a presentation on the role of the IAA in Actuarial Resource Development. He also had a discussion with the president of the AASL about the status of the profession's development and examinations in Sri Lanka. Successful 5 days training in Models (CT4) and Life Contingencies (CT5) subjects under the UK Actuarial Profession's examinations. Preparing documentation to apply for IAA full membership.
14 Eurasia and Middle East
Armenia Actuarial Society of Armenia Eurasia and Middle East Interested in progressing towards FMA. AWB training to help students prepare for exam CT1 of the UK Institute and Faculty of Actuaries. AWB presented a 4 day's tutoring project on topics for the P-exam under the syllabus of the Society of Actuaries.
15 Eurasia and Middle East
Azerbaijan Actuarial Association of Azerbaijan Eurasia and Middle East The association is currently working on its documents in order to apply for full membership. Insurance regulator and Actuarial Society hosted a successful seminar on September 28-29, 2015
16 Eurasia and Middle East
Bosnia and Herzegovina
Actuarial Association of the Republic of Srpska
Eurasia and Middle East Actuarial Association of the Republic of Srpska admitted as Associate Member at Council meeting in Washington, March 2014. AWB will provide them with the support of actuaries interested in presenting a seminar or workshop on P&C ratemaking. One participant attended as a bursary the IAA Regional Seminar in Baku.
17 Eurasia and Middle East
Georgia Association of Actuaries and Financial Analysts
Eurasia and Middle East No recent news.
18 Eurasia and Middle East
Kazakhstan Actuarial Society of Kazakhstan Eurasia and Middle East AWB project request received, but postponed due to a reshuffle within the government.
19 Eurasia and Middle East
Macedonia Macedonian Actuarial Association Eurasia and Middle East One participant attended as a bursary the IAA Regional Seminar in Baku
20 Eurasia and Middle East
Moldova Asociatia de Actuariat din Moldova Eurasia and Middle East Two participants attended as a bursary the IAA Regional Seminar in Baku.
21 Eurasia and Middle East
Ukraine Society of Actuaries of Ukraine Eurasia and Middle East Association is slow moving but may be persuaded to host a future regional seminar.
22 Eurasia and Middle East
Turkey Turkiye Aktuerier Dernegi Eurasia and Middle East Applied for Full Membership (application under review). Letter sent to Turkish association in March 2013. President attended ICA 2014. Two participants attended as a bursary the IAA Regional Seminar in Baku. Full membership application to be discussed in Cape Town. Professionalism Courses organised in November 2016.
23 Europe Albania Albanian Actuarial Association Eurasia and Middle East Admitted as Associate Member at the Council meeting in Singapore, October 2013. Further diploma course underway in 2016-17.
24 Europe British Isles Channel Islands Actuarial Society Full Member of Groupe Consultatif.25 Europe Luxembourg Association Luxembourgeoise des
ActuairesFull Member of Groupe Consultatif.
26 Europe Romania Asociatia Romana de Actuariat Applied for Full Membership and admitted in December 2014, following the London meetings.
27 Latin America Argentina Instituto Actuarial Argentino Latin America Academic and educational body - not likely ever to be a Full Member.
28 Latin America Chile Instituto de Actuarios Matematicos de Chile
Latin America Eduardo Lara met with association representatives on May 20, 2014. Chris Daykin met with association representatives on 14 October 2014 to go through the documents required for thir FMA application. Association president visited the secretariat in July 2015 to discuss next steps to apply for membership and formalize thei interes to host and organize a regional seminar. Organizaed a successful IAA Regional Seminar in Santiago on June 20-21, 2016.
29 Latin America Mexico Associacion Mexicana de Actuarios, A.C Latin America academic and educational body - not likely ever to be a Full Member
30 Latin America Panama Associacion de Actuarios de Panama Latin America Luis Martinez attended ICA 2014 on bursary. No recent news. Non Members of the IAA - Emerging Associations
1 Region of the World Country Name of Association Activities and updates
2 Africa Angola no association Africa Maria de Nazare Barroso visited with Portuguese regulator in November 2011.3 Africa Benin Ecole Supérieure d'Actuariat (ESA) Africa In 2015, the good exchanges between APSA/ESA and stakeholders at Board Level could be successfully continued. In annual high-level meetings
in January 2015, APSA/ESA Leadership meet with the President of insurance supervisory authority in Benin and several CEOs of insurance companies. Topics of particular interest included: performance of graduates working for companies, the master study programme, internships possibilities, CERAF supports to stakeholders, conferences and colloquia. Discussions will continue towards identifying seminar topics and projects where APSA/ESA can bring the needed expertise and add value contributing to a sustainable development of the financial industry in Benin.The signature of a joint supervision agreement on the actuarial science and financial mathematics study programme between APSA/ESA and the state owned university (Université d’Abomey Calavi) supports the APSA/ESA’s strategic objective to strengthen relationships with key institutions. This agreement guarantees the implementation of future modifications of the IAA education syllabus in the actuarial science and financial mathematics study programme at UAC without delay.The Association held its 2015 ordinary session in March 2015 at Cotonou with as guest of honor Prof. Akim Adékpédjou (Head of the actuarial study programme at the Department of Mathematics and Statistics Missouri University of Science and Technology Rolla, USA). Prof.
4 Africa Burundi no association Africa5 Africa Madagascar no association Africa One (1) professional working in actuarial matters attended the 3AAC and ICA2014. This person is writing now the IFoA exams. Unfortunately
the profession is not yet known in the industry. Despite the various attempts by this person to organise introductions to the profession, the industry is not receptive.
6 Africa Mauritius no association Africa Liyaquat Khan - Visited in November, 2012. There are some 15 fully qualified actuaries and about 50 students, mostly members of IFA and IAI. Initial work was going on for application to be submitted to IAA for Associate Membership. Liyaquat Khan is in touch with the local actuaries with a view to encouraging them to formalise actuarial association.
7 Africa Mozambique no association Africa Maria de Nazare Barroso and CD visited with Portuguese regulator in February 2010.8 Africa Sudan association formed Africa One actuary attended ICA 20149 Africa Tchad no association Africa Representative attended the 3rd African Actuarial Congress in Lomé, April 2013.
10 Africa Togo Association Actuarielle au Togo (AAT) Africa Hosted 3rd African Regional Congress in Lome in April 2013. regular, national insurance associaton and CIPRES encouraging AAT; intention : writing exams of Institute and Faculty in already existing examination centre for actuarial students of Togo and neighbouring countries. AWB course on pensions organised in conjunction with CIPRES in April 2013; preparing files for AMA. Several individuals attended ICA 2014. New associate member admitted in St. Petersburg, May, 2016. AWB organised tutorial assistance by skype for the members of AAT. But due to poor technological infrastructure (lacking internet), this project did not work out. Nevertheless several members of AAT are persevering and writing the SoA exams.
12 Africa Tunisia no association Africa The Tunisian insurance regulator is aiming to organise the profession and established in July 2016 the actuarial function as part of the governance framework. Insurers are obliged to comply by January 2017. This will be a challenge as the present regulation accepts only 'actuaries' with tunisian nationality. On the other hand, an actuary per Tunisian law needs only a university degree.
13 Asia Bhutan no association Asia Liyaquat Khan (LK) - Visited in March 2010 and twice later on. Discussed with the Financial Services Dy Commissioner and Insurers. There are actuarial students here and LK is in touch with the Insurance Regulators and other stakeholders. LK will be visiting Bhutan during 23rd to 28th September, 2013 for an Asian Develop Bank assignment with Royal Monetory Authority of Bhutan (the FS regulatoe) and would specifically discuss the development of actuarial profession in Bhutan). Representative attended IAA Fund event in Singapore, in October 2013. One representative attended ICA 2014. One actuary received bursary to attend regional seminar in Chinese Taipei 2014.
14 Asia Myanmar no association Asia Chris Daykin (CD) met with Alan Thai, a Prudential representative, in Myanmar (an FIA) and as a result both he and Darryl participated in an introductory seminar on The Role of the Actuary in the Economy on July 14, 2014.
15 Asia Nepal no association Asia Liyaquat Khan (LK) - Visited in April 2012. Actively working with the Bima Samiti - the Insurance Regulator, Tribhuvan University and some colleges. Good potential to develop the profession in aboyut 3 to 5 years time. There are actuarial students here and LK is in touch with the Insurance Regulators and other stakeholders. Unfortunately there has not been much progress and LK will try to follow up. Two individuals attended ICA 2014.
16 Asia Vietnam no association Asia August Chow and George Kung met with representatives from the Association of Vietnam Insurers (AVI) in September 2013; Darryl, and George Kung, met with representatives from the Ministry of Finance (MoF) in November, 2013 and a presentation was made. Suggestion to work with the Actuarial Working Group to allow them to become FMA provided they meet the criteria.
17 Eurasia and Middle East
Kyrgyzstan Actuaries Society of Kyrgyz Republic Eurasia and Middle East Request of assistance from the Kyrgyz Actuarial Society on topics related to education, methodology and information in general to develop the society, April 2014. Two participants attended as a bursary the IAA Regional Seminar in Baku.
18 Eurasia and Middle East
Tajikistan no association Eurasia and Middle East One participant attended as a bursary the IAA Regional Seminar in Baku.
19 Eurasia and Middle East
Uzbekistan no association Eurasia and Middle East One participant attended as a bursary the IAA Regional Seminar in Baku.
20 Europe Belarus Belarussian Actuarial Society Eurasia and Middle East Association moribund.
21 Europe Isle of Man Manx Actuarial Society Unlikely to want to become FMA as all MAS members are qualified actuaries in another association.22 Europe Kosovo Actuarial Association of Kosovo Eurasia and Middle East
23 Europe Malta Malta Actuarial Society (MAS) Established in July 2012. Letter of invitation to apply for AMA sent in July 2012 (follow-up sent in 2014). No recent news.24 Europe Portugal Associacao de Actuarios Profissionais
(AAP)Training organisation; not a full professional body and unlikely to become a Member of IAA.
25 Europe Spain Colegio de Actuarios del País Vasco/ Professional Institute of Actuaries of the Basque Country
26 Latin America Belize no association Latin America27 Latin America Bolivia Asosiacion de Actuarios de Bolivia Latin America29 Latin America Costa Rica no association Latin America30 Latin America Ecuador Unknown Latin America One actuary attended ICA 2014. One actuary participated in the regional seminar in Santiago, Chile, 2016. Expressed their commitment to
organize a regional seminar in Ecuador in 2018.31 Latin America El Salvador no association Latin America One actuary received a bursary to attend the Latin American Regional Seminar 2014. 1 Actuary participated in the regional seminar in Santiago,
Chile, 2016.32 Latin America Honduras no association Latin America 2 actuaries attended ICA 2014. One actuary received a bursary to attend the Latin American Regional Seminar in 2014.33 Latin America Nicaragua no association Latin America IAA approached for information regarding the requirements to set up an actuarial association. 2 actuaries attended ICA 2014. One actuary
received bursary to attend Latin America regional seminar 2014. 1 Actuary participated in the regional seminar in Santiago, Chile, 2016.
34 Latin America Paraguay Latin America35 Latin America Peru Asociación de Actuarios del Perú Latin America Created in March, 2012. Preparing to apply as AMA. Two individuals attended ICA 2014. Organization of IAA fund for November 27-28, 2014.
200 guests attended. Association President working with local university to prepare a master degree programme on Actuarial Science. Association being adviced by the Latin American Subcommittee and AWB.
36 Latin America Uruguay Sociedad Uruguaya de Actuarios Matemáticos
Latin America One actuary attended ICA 2014
37 Latin America Venezuela Asociación Venezolana de Actuarios (inactive)
Latin America Association established in 1988 but has not been very active. Two individuals attended ICA 2014
38 ROW Bahrain no association Eurasia and Middle East Joined the GAS in November 2014. See Gulf entry under Regional Developing Associations.
39 ROW Bermuda No Association40 ROW Jordan No association Eurasia and Middle East
41 ROW Oman no association Eurasia and Middle East FIA relocated here with her husband and is working with Member Support Dep of IFoA to mobilize actuaries in the Gulf region to form an association or at least start some actuarial activities. Joined the GAS in November 2014. See Gulf entry under Regional Developing Associations.
42 ROW Saudi Arabia no association Eurasia and Middle East Liyaquat Khan has been to Riyadh, Kingdom of Saudi Arabia on private consulting visit and discussed with local actuaries on 8-9, September, 2013. One University in Riyadh has started offering actuarial course and some actuarial students have started taking exams of FSA, US. The Regulator, Saudi Arabian Monetory Authority provides a very sound framework for actuarial contribution to the insurancve and pensions regulation and this is the time to provide push for actuarial development. Liyaquat proposes to follow this up. UK actuary is resident in SA advising SAMA. Joined the GAS in November 2014. See Gulf entry under Regional Developing Associations.
Regional Developing Associations Non-IAA members 1 Centeral America Costa Rica,
Honduras, Nicaragua, Panama
Asociacion Centroamericana de Actuarios Latin America Actuaries Latin America worked with actuaries from Panama on the creation of Central American Association. They expressed their interest to apply for full membership. Presented their application for full membership. Documentation presented being discussed in Vancouver. Working with Latin America, Accreditation and Education committees to align their documents to comply with IAA requirements. Membership request to be evaluated in Cape Town.
2 Gulf Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE
Gulf Actuarial Association Eurasia and Middle East Gulf Actuarial Society launched in November 2014 with the assistance of Derek Cribb. The association groups actuaries from Bahrain, Kuwait, Oman , Qatar, Saudi Arabia and the UAE as well as actuaries from different countries working in the region. For further information see article in The Actuary: http://www.theactuary.com/features/2015/02/its-a-gas-in-the-gulf/
