IAA  Releases Papers on the Role of the Actuary  | 22-07-2013

The  International Actuarial Association (IAA) is pleased to announce the  publication of two papers. The first is a basic premise - a Value  Proposition for the actuarial profession; the second is an extension  of this into what we, as actuaries, do - Role of the Actuary.   The papers were prepared by a task force of the IAA Executive  Committee.

These papers  are intended to help someone who is unfamiliar with the work of actuaries  to understand when and why to engage the services of an actuary; to  demonstrate the value to users of actuarial services of engaging qualified  actuaries; to serve as a basis for equipping spokespeople (for example,  IAA officers, chairpersons, leaders of member associations) to convey the  value of the qualified actuary in their respective jurisdictions; and to  serve as a basis for drafting communications which reference actuaries.  

IAA President  Kurt Wolfsdorf states “Ultimately, we hope that the Value Proposition and  the Role of the Actuary papers will form a foundation to assist in  developing a strong global brand for the actuarial profession. Our  profession needs to be differentiated from other professions. A first step  in this strategy is to build a strong brand within the current and  potential users of actuarial services.”

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