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Opportunity to Shape the Future of the IAA - Nominations for 2027 Leadership
Audience: Full Member Associations
FMAs now have an important opportunity to shape the IAA's future by nominating members for leadership roles. The IAA operates through volunteers supported by our full-time Secretariat, which makes selecting strong leaders essential to our success.
The 2027 appointments are particularly significant, with an opportunity to select a future president from the ALOA region (which comprises Asia, Latin America and the Caribbean, Oceania and Africa). Only four ALOA countries have previously had an FMA member elected as IAA President. As we work towards the 2029 International Congress of Actuaries in Kenya, broader ALOA representation in leadership would be ideal.
FMA Presidents should have received a letter from the IAA Secretariat on behalf of the Nominations Committee (NC). While nominations are the responsibility of FMAs, individuals interested in leadership roles are encouraged to contact their home association directly. Questions about specific role requirements can be discussed with current or former role holders, EC members, or the IAA Officers.
The NC selects the best candidates from the nominees through a fair and unbiased process. To support this, the NC encourages FMAs to make nominations and this year has requested that FMAs provide brief comments on why their nominees are well-suited for their nominated roles. Any information provided will assist the committee in its decision-making.
Nominations are due with the IAA Secretariat by 15 January 2026.
Micheline Dionne, Chair
2025 Nominations Committee
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IAA Council and Committee Meetings in Marrakech, Morocco
Audience: All
The International Actuarial Association (IAA) held its Council and Committee Meetings in Marrakech, bringing together actuarial leaders, supervisors, and global partners for a productive week of dialogue and collaboration.
During the IAA Town Hall, participants received key updates on the association’s global initiatives. President Bozenna Hinton provided a strategic overview of the IAA’s priorities.
Frank Chang (AITF) shared the latest developments on the integration of artificial intelligence in actuarial practice.
Yeside Kazeem presented insights on the profession’s engagement ahead of COP30, and Rade Musulin (CSC) highlighted ongoing work related to climate and sustainability.
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  A dedicated session hosted by the Supervisory Authority for Insurance and Social Welfare (ACAPS) -Morocco, also brought forward valuable contributions from the Moroccan Association of Actuaries (AMA)and the International Association of Insurance Supervisors (IAIS), reflecting collective efforts to strengthen actuarial and supervisory expertise across the region.
Mr. Salaheddine AJI, Vice-President of the Moroccan Association of Actuaries (AMA), opened the session, followed by Mr. Abderrahim Chaffai, President of the Supervisory Authority for Insurance and Social Welfare (ACAPS), who reaffirmed Morocco’s commitment to building resilient insurance markets amid demographic, climate, and technological challenges.
Mr. Conor Donaldson, Head of Implementation and Assessment at the International Association of Insurance Supervisors (IAIS), addressed the global impacts of climate change, capacity-building initiatives in emerging markets, and ongoing work related to ICS implementation and supervisory assessments.
The week underscored the profession’s increasingly important role at the intersection of AI innovation, climate action, and supervisory collaboration—strengthening the actuarial community’s contribution to more resilient and inclusive insurance systems worldwide.
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Strengthening Actuarial Capacity in North Africa – First French Edition, Casablanca, Morocco
Audience: All
The International Actuarial Association (IAA), in collaboration with the Supervisory Authority for Insurance and Social Welfare (ACAPS) – Morocco, the Moroccan Federation of Insurance (FMA), and the Moroccan Actuarial Association (AMA), co-hosted the first French language edition of a major seminar dedicated to strengthening actuarial capacity in francophone Africa on 25–26 November 2025 in Casablanca. More than 100 participants from 14 African countries gathered at the Casablanca Marriott Hotel for two days of discussions, learning, and collaboration to support the future of the actuarial profession across the region.
The first day opened with remarks from the leaders of the four organizing institutions, followed by a high-level panel on risk-based supervision. The afternoon included three parallel thematic workshops on inclusive insurance, climate risks, and risk-based supervision, and concluded with a networking session for young actuaries.
The second day began with a special address from the President of the Moroccan Federation of Insurance and continued with a plenary session on technological risks, highlighting the growing importance of artificial intelligence and cybersecurity in insurance and supervision. Afternoon workshops covered fraud prevention, inclusive insurance – Session 2, and advancements in SupTech, Data, and AI for regulators.
This first French edition was marked by strong collaboration, active participation, and a shared commitment to advancing actuarial expertise across francophone Africa. The seminar strengthened technical skills, fostered meaningful connections, and supported the development of a more resilient and future-ready actuarial community.
This initiative positioned the IAA as a key partner to support Regulators in emerging markets on their path towards risk-based supervision and highlighted the essential role of actuaries along this journey.
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Welcome to our new Associate Member: Actuarial Society of Nepal
Audience: All
During its meeting on November 23rd, the IAA Council approved the admission of the Actuarial Society of Nepal.
The Actuarial Society of Nepal (the "Society") is the professional body representing qualified actuaries, trainee actuaries, and other professionals in the actuarial field in Nepal. Established in 2019, the Society operates as a non-profit organization committed to advancing actuarial science and practice. Their vision is to create a thriving community of actuaries who are recognized as key contributors to the financial and economic stability of Nepal.
Newly Released IAA Publications
Audience: All
The IAA has published several new resources that may be relevant to member associations. We kindly request that you share these publications with your board and membership and invite you to amplify the IAA's news through your LinkedIn presence.
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ISAP 8 – IFRS S2 Climate-Related Disclosures: ISAP 8 provides guidance to actuaries when performing actuarial services in connection with IFRS S2 Climate Related Disclosures, published by the International Sustainability Standards Board (ISSB). ISAPs are 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.
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Implications of COVID-19: Data and Modelling a Pandemic: This is the third and final paper published by the Pandemics Task Force. The paper examines key lessons learned from the COVID-19 crisis and explores how actuaries can contribute to better data collection, modelling, and decision-making in future pandemics.
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The Artificial Intelligence Governance Framework paper provides foundational guidance on governance areas impacted by AI. It highlights key principles and best practices for managing risks related to data, modelling and outcomes once AI systems are deployed. The paper is designed to strengthen actuaries’ understanding of governance responsibilities and support their oversight of AI within actuarial and broader financial contexts.
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The Testing of Artificial Intelligence Models paper offers guidance on the principles and methodologies that underpin reliable and ethical AI model testing. It outlines a principle-based approach covering data creation, partitioning, assessment of fairness and explainability, evaluation of robustness and accuracy, and the implementation of continuous testing and monitoring throughout the model lifecycle. This paper underscores the actuary’s role in testing, supporting the validation of AI models and enhancing confidence in their use.
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The Documentation of Artificial Intelligence Models and Systems paper emphasizes the critical importance of clear, comprehensive and proportionate documentation throughout the entire model lifecycle. Recognizing documentation as the backbone of effective governance, the paper outlines essential elements needed to ensure transparency, accountability, regulatory compliance and continuity of operations. It is intended for model developers, reviewers and validators who rely on consistent, well-structured documentation to support model risk management.
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Notice of Public Submission - IAIS Public consultation on draft revised Application Papers on recovery and resolution
Audience: Full Member Associations (Council Delegates and Correspondents)
The International Association of Insurance Supervisors (IAIS) has published for consultation proposed updates to the existing Application Papers on recovery and resolution. For more details, please click here. Comments are invited by 25 February 2026.
The IAA intends to submit a formal response to this consultation through the Insurance Regulation Committee (IRC). The response will be developed in accordance with IAA policies.
All members and observers of the IRC will be requested to provide input to the response. The developing drafts and the final response will be shared with the IRC. Please ensure that your association’s input is provided via your representatives in the IRC.
If your association does not have a member or an observer in the IRC, you may nominate an observer to the drafting group to review the developing response. We request you to contact Questo indirizzo email è protetto dagli spambots. È necessario abilitare JavaScript per vederlo. as soon as possible, but no later than 17 December 2025 if your association wishes to nominate an observer. Please note that this will be your only opportunity to influence the development of the response, as it will not be circulated outside the IRC.
The final response will be submitted to the IAIS on or before 25 February 2026, subject to approval by IRC members.
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Circulation of Request for Services – Actuarial Support for Health Insurance Review
The International Actuarial Association (IAA) has been working with one of our supranational relationship organizations and recently, this organization approached the IAA about providing actuarial support for their staff health insurance scheme as they explore a transition to a self-funding model, effective 1 January 2026. This organization has 24,000 employees across 100 countries and requires actuarial assistance in managing the risk associated with a self-funded health plan.
While we value our relationship with this organization, this request falls within the scope of professional consulting work. As a non-profit organization, the IAA does not provide consulting services, participate in fee-based assignments, or intervene in work that belongs to independent actuaries or consulting firms. To protect the neutrality of our volunteers and avoid any perception of interference, the IAA cannot engage directly in this project. However, in line with this organization’s request, we can assist by sharing names of potential experts and, with their consent, the IAA will forward the names of interested actuaries to them, who may then contact individuals directly as needed.
If you wish to be considered, please provide your full name and email address to the IAA by Monday, 8th December 2025, at Questo indirizzo email è protetto dagli spambots. È necessario abilitare JavaScript per vederlo. and Questo indirizzo email è protetto dagli spambots. È necessario abilitare JavaScript per vederlo.
• Full Name
• Email Address
• Professional Title
• Optional-Any other details: website, overview of work
These details will be shared solely for the purpose of allowing this organization to identify potential actuarial consultants. The IAA will not participate in or facilitate any subsequent steps.
Executive Committee Report to Council
Audience : Council Delegates
The minutes from the 18 September and 16 October 2025 meetings are now available online.
For any questions, please contact Questo indirizzo email è protetto dagli spambots. È necessario abilitare JavaScript per vederlo., Executive Coordinator
Young Actuaries World Cup – The competition heats up!
Audience : All
November brought an exciting series of quarter-final matches across all continental zones in the Young Actuaries World Cup. The competition showcased impressive talent and creativity from young actuaries around the world.
In a new and exciting twist, the IAA will recognize and reward the innovative thinking of the top two runner-up participants, highlighting exceptional ideas that stood out beyond the final rankings.
Curious to know which teams advanced to the semi-finals — and what the surprise twist is?
Upcoming Webinars
Audience: All
Navigating Geopolitical Risk: Strategic resilience for financial institutions in an unstable world
08 December, 2025 | Time: 7:00 AM - 8:00 AM
ASTIN: Hodge conjecture: Millennium problem solved
08 December 2025 | Time: 5:00 PM - 6:00 PM
ColloquIAALS Club: Climate Risk and Sustainability – Impacts and Opportunities for the Global Life Insurance Industry (Session 1)
09 December | 11:00 AM - 12:00 PM EST
ColloquIAALS Club: Climate Risk and Sustainability – Impacts and Opportunities for the Global Life Insurance Industry (Session 2)
11 December | Time: 7:00 PM - 8:30 PM AEDT
PBSS – Introducing AI in Pension Planning: A Comparative Study of Deep Learning and Fuzzy Mamdani Inference Systems for Estimating Replacement Rates
11 December | Time: 3:00 PM - 4:00 PM EET
IACA: Earth, Wind and Fire – Finding and Using Climate Data
11 December | Time: 12:00 PM - 1:00 PM EST
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