The Role of Actuaries and Actuarial Standards in Developing Insurance and Pension Markets

The actuarial profession significantly contributes to the decision-making processes within the financial services industry, in the area of social protection, and in the management of risk. Standard-setting bodies within the profession, such as the International Actuarial Association (IAA), work closely with local regulators to establish standards for actuarial work & conduct. IAA in particular has worked closely with the International Association of Insurance Supervisors (IAIS) on supervisory theory and standards, This presentation shares more information about the IAA and its role in developing pension and insurance markets.