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Institute and Faculty of Actuaries
Dear Member

Welcome to the India newsletter

In this month's newsletter: find out about the Certified Actuarial Analyst (CAA) and the exam registration closing date; complete a survey on diversity; view our article on a recent university trip; save the dates for Momentum and the International Mortality and Longevity Symposium; volunteer for us; hear an update from the international board and committee meetings; find out new information about paying for exams online; and view our corporate publications.

Contents: Welcome from Derek, Chief Executive  |  Certified Actuarial Analyst (CAA) - 3 weeks until exam registration closes  |  Nick Salter, President-elect wants to hear from you, on 'diversity'  |  Volunteer opportunities within the International Actuarial Association (IAA)  |  SAVE THE DATE - Momentum  |  The International Mortality and Longevity Symposium  |  Further international volunteering opportunities  |  Update from International Board and IAA and AAE committee meetings  |  Changes are coming to how you pay for your exams!  |  Choosing your exam centre  |  2013/2014 annual report and financial review  | 
  Chief Executive
Welcome from Derek, Chief Executive

In January 2014, Paul Reynolds, Director of Public Affairs and I visited India as part of a trip arranged by the Lord Mayor of London and the British High Commission in Mumbai. It was a very constructive trip which helped to build a good relationship with the High Commission and Lord Mayor. It also led to a very useful introduction to the Indian Government’s Finance Ministry, which is looking to expand actuarial capability in India, and we held a second meeting with the Ministry on a follow-up trip in February 2014.

The follow-up trip to India in February also involved visiting over 15 organisations to speak to their employees about the CAA membership qualification. The response from potential candidates, employers and stakeholders has been very encouraging and we have been asked to return later in 2014. CAA presentations were made to over 500 potential candidates, and there was significant interest in the new qualification and also the IFoA’s research material at our stand at the Global Conference of Actuaries in Mumbai. As a result of our trips to India in January and February the IFoA and the CAA received positive media coverage from the National Press in India. You can read more about the CAA below.

Chief Executive  
Certified Actuarial Analyst (CAA) - 3 weeks until exam registration closes

Exam registration for the first CAA exam session featuring Module 0, closes on Friday 18 June.


It has been many years since the IFoA offered a new membership qualification. The aim of CAA is to provide an internationally recognised credential for professionals working alongside actuaries, and to extend actuarial knowledge to a broader reach of technical and analytical roles in the financial services sector. As well as a level of technical expertise, the qualification develops wider skills such as communication and professionalism.


Within a month of launch, the IFoA had already seen interest from over 30 countries, confirming the global appeal of the CAA.


We would like to draw your attention to the following deadlines as the closing date for registration draws closer. Study material is available for those considering taking Module 0 with us in August.


  • 18 July 2014 by 17:00 (UK time) Exam registration deadline - you must complete the online registration by this date
  • 21 July 2014 by 17:00 (UK time) Exam payment deadline - you must have completed the payment for your exam by this date
  • 25 July 2014 by 17:00 (UK time) Exam centre booking deadline - you must have booked your exam with Pearson VUE by this date

You can read more about the CAA and its benefits, how it fits within the global market and how the CAA can help you in your career by viewing our web pages.

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Nick Salter, President-elect wants to hear from you, on 'diversity'

The needs of our increasingly diverse membership are constantly evolving and the IFoA continues to evolve in response to these needs. We are acutely aware that the IFoA is a global organisation and that the needs of members will be different depending on where they work, what they are doing and what stage of their career they are at. We welcome the challenges this presents in delivering a first rate service to you all.


As Nick Salter, President-elect, prepares to assume the Presidency at the end of June, he would like to hear your views on the subject of “Diversity”. For the purpose of this survey, diversity will be taken to mean: age, gender, geographical location, membership status and practice area.


We would like to hear your views through a survey, which you can find here.


Please sumbit your thoughts by 26 June.



Volunteer opportunities within the International Actuarial Association (IAA)

The IFoA is seeking to increase and formalise its international presence. To achieve this, the following volunteer opportunities are available for IFoA representatives at the International Actuarial Association (IAA):


All interested members should log on to the volunteer vacancies webpage to find out more about these and other volunteer opportunities, or contact Debbie Atkins, Head of Volunteer Engagement.


  Chief Executive
SAVE THE DATE - Momentum

3-5 December, EICC, Edinburgh

The Momentum conference is aimed at nearly and newly qualified actuaries across all practice areas. The key themes of this year’s conference are: Looking to the future; Adapting through change; Transition and evolution and Career development in non traditional areas. More information will be available shortly, which you can view on our website.

The International Mortality and Longevity Symposium

15-17 September, Aston, Birmingham


A key event for your CPD diary this year is the International Mortality and Longevity Symposium, 15 - 17 September, Aston, Birmingham.


This Symposium will be of interest to all those concerned with pricing or reserving for mortality and longevity, underwriters, demographers, epidemiologists, policy-makers, gerontologists, other medical researchers, and all those with an interest in better understanding and projecting mortality and longevity.


You can find out more information and book your place on our website.

Chief Executive  
Further international volunteering opportunities

There are a variety of different volunteering opportunities within the IFoA no matter where you are based in the world. 


Please view the volunteer vacancy page on our website to see more information on the roles and how you can get involved.

Volunteer vacancies

  • Become an Exam Counsellor within the Education department
  • Become a member on the Beijing Conference Programme Committee 2015
  • Join the reserve list for the 400 club.
Update from International Board and IAA and AAE committee meetings

International Board

The IFoA’s International Board supports the delivery of the IFoA’s international strategy through:

  • Provision of strategic proposals;
  • Facilitation of effective communication on international matters; and
  • Overseeing the IFoA’s international representatives.

Should you have any queries about the work of the International Board please contact Rebecca Deegan.


Washington IAA Council and Committee meetings

A Governance Review of the IAA is underway. As part of this review, the IAA is working to clearly define and communicate its goals, by encouraging IAA Committees to produce a work-plan for the year ahead - these work-plans will be made available through a dashboard, which is currently under construction.


The IAA is in the process of drafting a series of International Standards of Actuarial Practice (ISAPs). The IFoA has responded to the recent IAA consultation on ISAPs 5 and 6, the response can be found on our website.


The IFoA is looking forward to welcoming our colleagues from across the world to the September IAA meetings in London.

  Chief Executive
Changes are coming to how you pay for your exams!

For those who pay by card, changes are coming to the way you pay for your exams.

From Monday 14 July we will no longer be accepting any card details on the September exam entry application forms.


Many of you already book your exams online via the website, and we would like to encourage everyone paying by card to do the same. This is the quickest, easiest and most efficient way to book your place.


Ways to pay from 14 July 2014
• Book and pay online for your exam
• Pay by BACs or cheque by completing and sending us an application form


If you experience any problems booking your exams online, please call the Education Services Team on: +44 (0)1865 268207 who will be able to take your booking over the phone.


We are working towards making all our education services bookable online, and we will keep you updated as we change our processes in other areas.

Choosing your exam centre

The next exam entry booking for exams is due to open on July 14.


We are now asking you to make a 3rd choice of exam centre that you would be willing to travel to for your exams, when you send in your exam entry form.


Spaces at exam centres are limited and are allocated in the order entries are received, so you should still register for the exams early to avoid not being allocated your first choice centre. 


We are making this change as a result of feedback from our members in India.

2013/2014 annual report and financial review

There are several corporate publications that members may be interested in; such as the Annual Report and Financial Statements for 2012/2013. You can view these documents below.



You may also be interested in reviewing our Corporate Plan 2014/2015.

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