International Actuarial Association - Governance

Governance

The IAA Council comprises the President whose term of office is one year, the Officers and one delegate per Full Member association and one delegate per Section. The Committees and the Council normally meet twice a year in different countries. The IAA fiscal year is the calendar year, except for the financial year starting on July 1, 1998, which was for an 18-month period.

The Officers for the period January 1, 2012 to December 31, 2012 are:

Desmond K. Smith, President
Kurt Wolfsdorf, President-Elect
Cecil D. Bykerk, Immediate Past President
Vacant, Secretary General

The Council elects an Executive Committee to coordinate activities and operations, and propose strategies, budgets, membership fees and Council meeting venues. The President chairs the Executive Committee, which comprises the Officers and the chairpersons of the Committees and Sections.

Currently, the IAA has 64 full member associations, 26 associate member associations, four institutional member organisations and two observer member organisations. All fully qualified actuaries of full member associations are automatically individual members of the IAA by virtue of their membership in their respective associations, each of which is responsible for paying its membership in the IAA. All individual members can elect to join any section of the IAA, which currently are ASTIN, AFIR, IACA, IAAHS, PBSS, AWB and LIFE by paying the required contribution.