International Affairs

A roundup of news from the global community

February/March 2016

Whether you travel the world or never leave your home country, you are affected by global organizations, international requirements and the increasingly international nature of the actuarial profession itself. Here is some news from around the world.

Strength in Numbers

Under the banner “Strength in Numbers,” the 25^th Caribbean Actuarial Association (CAA) Annual Conference took place in Port of Spain, Trinidad & Tobago, Dec. 2–4, 2015.

The CAA Conference featured regional and international specialists in the fields of pensions, life insurance, investment, and property and casualty insurance.

The Society of Actuaries (SOA) president, Craig Reynolds, FSA, MAAA, presented on model risk as part of a panel session titled, “Technology, Risk and Opportunity.” Reynolds discussed the definition of model risk, the impact of wrong models, validation and governance of models, and the importance of data quality.

Attendees at the conference also had the opportunity to take the SOA’s Associateship Professionalism Course.

As part of his trip, Reynolds also traveled to Panama, where he met with Luis Martinez, president of the Actuarial Association in Panama (AAP), and Concepcion Moreno, vice president of AAP.

New SOA Staff Fellow in Beijing

The Society of Actuaries (SOA) hired a new staff fellow, Jessie Li, FSA, who will be the SOA’s lead China representative.

“Having Li in Beijing means more real-time localized support for our members and candidates in China, providing us with the capacity to deepen and strengthen our long relationships with the China Association of Actuaries and the Chinese academic community,” says Ann Henstrand, SOA senior director, International.