The CAS continues to play an active role within the International Actuarial Association (IAA), an organization that unites nearly all major actuarial associations across the globe. With over 75,000 actuaries practicing in 115 countries, the IAA is an important voice for the profession worldwide. Its mission is threefold:
- Inform and influence global stakeholders.
- Assure the reputation of the profession.
- Advance the competency of the profession.
CAS members engage with the IAA in various ways, serving in leadership roles on the Executive and Strategic Planning Committees and participating in various other committees, forums and task forces. Their presence positions the CAS for greater global recognition, particularly for our expertise in property and casualty risks. This active engagement ensures that CAS credentials remain valued by regulators and employers across the diverse global markets where our members practice.
Key events on the IAA calendar include biannual hybrid meetings. The most recent meeting was held from September 26–30, 2024, in Tallinn, Estonia. CAS Fellows Mary Hosford, Mary Frances Miller and Margaret Tiller Sherwood represented the CAS at this meeting in person, with more members joining virtually. Over the four days of discussions, two critical themes emerged: artificial intelligence (AI) and climate risk.
To explore the evolving role of AI within actuarial work, the IAA has launched an Artificial Intelligence Task Force. Composed of five dedicated workstreams, the task force is tackling important areas like professionalism, governance, innovation and the changing role of actuaries in the face of AI-driven advancements. Each workstream is tasked with producing deliverables by the end of 2025 that will help the profession navigate the opportunities and risks brought by AI.
Climate risk remains a pressing concern, touching the work of committees and forums across the IAA. In response to this growing need, the IAA is establishing a new Climate Risk and Sustainability Committee aimed at ensuring that the global actuarial community continues to provide skilled and informed responses to climate-related risks. This group will ensure that the work related to climate risk is maintained and that actuaries are well equipped to advise on the challenges related to these matters.
The IAA will meet in person again May 2025 in São Paulo, Brazil, but until then the work continues as volunteers meet virtually to advance the IAA goals of elevating the actuarial profession across the globe.
