With the largest membership of U.S.-based actuaries, the American Academy of Actuaries serves as the unique voice of the U.S. actuarial profession in international forums. Within its overall mission to serve the public and the U.S. actuarial profession, the Academy communicates on actuarial issues to international stakeholders, including public policymakers and standard-setters, to ensure that the U.S. actuarial perspective is recognized. Where possible, the Academy coordinates activities among the five U.S.-based actuarial associations to identify emerging international issues affecting U.S. actuaries. The Academy has identified three guiding principles for its international work:
Assist in raising the standard of actuarial practice throughout the world.
While assuring that U.S. standards are understood and not eroded, volunteers participate in the development of and provide feedback on the International Actuarial Association (IAA) model standards of practice and educational notes (similar to U.S. practice notes) so that countries without access or resources to develop standards on their own can look to the IAA models for templates.
Increase the visibility and recognition of the actuarial perspective globally
The Academy interacts on insurance and actuarial issues with multilateral stakeholders, including the International Association of Insurance Supervisors (IAIS), International Accounting Standards Board (IASB), Organization for Economic Co-Operation and Development (OECD), the European Actuarial Association, as well as the IAA.
Work with other national actuarial associations to find solutions to shared professional challenges
The international actuarial community faces some of the same challenges as the U.S. profession, so working with other national associations to find solutions and build consensus around these challenges will help the professional globally. The Academy participates in the North American Actuarial Council (NAAC), which promotes coordination and cooperation among the leadership of nine participating organizations, which represent actuaries in Canada, Mexico, and the U.S. Similar communication with other national associations around the world will help advance the profession and the Academy has established relationships with several.
Links to Key International Pages