At the end of August, I met with a number of our sibling actuarial associations in Utrecht for an extraordinary meeting of the International Actuarial Association (IAA).
At the end of August, I met with a number of our sibling actuarial associations in Utrecht for an extraordinary meeting of the International Actuarial Association (IAA). It is 20 years since the IAA transformed into its current entity as a global association of associations, and it is now looking to critically examine its high-level vision, mission and strategic objectives, as well as the working structures that go into the execution of these.
Many of you will have lived through similar strategic reviews in your day job. Every actuarial association has its own challenges and opportunities, so you will appreciate that, with such a diverse pool of input, finding a common vision for the global profession's future is no easy task. This is an undertaking of vital importance for us all - we are a small profession that is strongest when working collaboratively. Developing and implementing a strategy that delivers the agreed vision will be tougher still, and will only be feasible with associations large and small working together.
The Utrecht meeting enabled us to examine a number of possible options, and each organisation was able to express their views. Follow-up discussions will take place at the IAA Council and Committee meetings in November, where Jules Constantinou will lead our engagement, ably supported by a team of volunteers and staff.
Derek Cribb is the chief executive of the Institution and Faculty of Actuaries.