International

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 recognizedWhere 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

International News

2016

December 2016
IAA Newsletter

November 2016
IAA - Cape Town Special Newsletter

October 2016
IAA Newsletter

August 2016
IAA Newsletter

July 2016
Read Considerations of Professional Standards in International Practice, a new paper from the Committee on Professional Responsibility of the Academy’s Council on Professionalism.

June 2016
IAA - St. Petersburg Special Newsletter

IAA Newsletter

April 2016
IAA Annual Report for 2015

IAA Newsletter


March 2016
Academy comment letters to IAA on Proposed Revisions to IAA Education Syllabus:
  • Comments to IAA Executive Committe on principle of subsidiarity
  • Comments to IAA on Enrolled Actuaries
  • Comments to IAA Executive Committee on the impact of the proposed syllabus revisions on FMAs

February 2016


2015

December 2015
IAA Newsletter


Academy comment letters to IAA on Proposed Revisions to IAA Education Syllabus:
  • Comments to IAA Education Committee on proposed revisions to syllabus
  • Comments to IAA Executive Committee on its role as "United Nations" model

November 2015
Cross-Border Discipline Agreement: The Canada-United States Cross-Border Discipline Agreement is designed to reduce the risk that actuaries from one country doing actuarial work in the other have to go through two discipline processes arising from a single complaint made to the Canadian Institute of Actuaries (CIA) and/or the American Academy of Actuaries (Academy). To assist actuaries in understanding how the Cross-Border Discipline Agreement operates and the professional obligations of Canadian actuaries working in the United States and American actuaries working in Canada, the Academy and the CIA have produced a Frequently Asked Questions (FAQs) document. The FAQs answer many questions, including the following:
  • I am a U.S. actuary and am doing work for a Canadian principal. When am I considered to be “practicing in Canada”?
  • I am both a U.S. actuary and a Canadian actuary. What rules of professional conduct apply to me?
You can find the Cross-Border Agreement here and the FAQs and their answers here.

November 2015
October 2015
The Challenge of Longevity Risk: Making Retirement Income Last a Lifetime
Joint report from the Academy, the Institute and Faculty of Actuaries, and the Actuaries Institute of Australia

IAA - Vancouver Special Newsletter

September 2015
IAA Newsletter

August 2015
IFoA Call For Papers - Addressing Future Challenges in Actuarial Science
Deadline for submission: October 5, 2015

June 2015
IAA Newsletter


May 2015
April 2015
IAA Releases Paper on Own Risk and Solvency Assessment (ORSA)

IAA - Zurich Special Newsletter

March 2015

The International Actuarial Association released its 2014 annual report

February 2015
IAA Releases Monograph on Discount Rates in Financial Reporting

IAA Releases Paper on the Risk of Ebola


2014

November 2014
IAA - London Special Newsletter


September 2014
IAA Newsletter

May 2014
IAA – Washington Special Newsletter

March 2014
The International Actuarial Association released its 2013 annual report 

January 2014


2013

November 2013
The North American Actuarial Council released its 2012-2013 annual report, outlining its work and highlighting its accomplishments for the year.

June 2013
IAA – The Hague Special Newsletter

June 2013
Actuaries (Institute of Actuaries of Australia magazine): “Resources and Environment – A New Challenge for Actuaries”

April 2013
Registration is Open for ICA 2014


2012

November 2012
March 2012
Contingencies: "Solvency II: An Update for U.S. Practitioners"


2011

December 16, 2011
Keeping Up Internationally—Recorded webinar and slides available

December 2, 2011
Academy Comments on International Activities Relating to Draft Model Standards

October 14, 2011
President's Message

October 2011
Contingencies: "Japanese Casualty Insurers Show Resilience"

October 2011
Contingencies: "The Growth of Takaful"

August 2011
Contingencies: "International Compliance (Up to Code)"

August 2011
Contingencies: "Seismic Resilience"

August 2011
Contingencies: "The Effect of Automatic Balancing on the Extreme Elderly in Japan’s Public Pension System"

June 2011
Contingencies: "Mexico’s Road to Solvency II"

June 2011
Contingencies: "Pension Reform in Canada"

April 2011
Contingencies: "Lloyd’s – A Business Survival Story
"

February 2011
Contingencies: "Risk Adjustment in Health Care Funding"

February 2011
Contingencies: "Tainted Shelter: The Dilemma of Defective Drywall"




2010

August 10, 2010
President's Message - It's a Small World

June 1, 2010
Update: "A report from Steve Lehmann, the Academy's International Secretary"

April 2010
Contingencies: "Health Care Reform: Learning from Others—Germany"

February 2010
Contingencies: "Making the Most of a Principle-Based System"


Archived News
  • I am a U.S. actuary and am doing work for a Canadian principal. When am I considered to be “practicing in Canada”?
  • I am both a U.S. actuary and a Canadian actuary. What rules of professional conduct apply to me?

International Events

International Documents