Actuaries Institute Year in Review 2023

Risk Management (RMPC) • Organised 3 hybrid Insights Sessions with over 300 attendees on topics such as ESG, data privacy and the Voice of Risk. • Revamped the risk microsite with new content to support members. • Released Practice Guideline 6B Actuarial Advice Regarding Risk Management (PG 6B), replacing the Risk Management Information Note. • Contributed to the review of CERA New Syllabus 2023 and supported the Chief Examiner for the ERM fellowship subject. Learn more

International Committee • Hosted IAA Council and Committee meetings in Sydney with social events at National Maritime Museum and Australian Rules Football. • Supported hosting of the International Congress of Actuaries in Sydney. • Represented Institute at IAA Council and Committee meetings in Sydney and Lisbon. • Supported Bozenna Hinton’s successful nomination as IAA President-Elect starting in 2025. • Shared international IAA information with, and connected, members. • Organised Presidential Addresses, networking sessions, and meetings across 7 Asian locations. • China Taskforce strengthened ties with China Association of Actuaries through bilateral meetings. • Developed Asia-based CPD content for Institute platforms. Learn more

Superannuation and Investments (SIPC)

• Promoted public policy in superannuation, meeting with Treasury, Australian Government Actuary, APRA, ASIC and ATO. • Made 10 superannuation-related submissions in 2023 to Treasury and regulator consultations. • Updated several Professional Standards, Practice Guidelines and Technical Papers, and issued 3 new Practice Guidelines. • A higher uptake of the superannuation and retirement applications fellowship examination enrolments, as students see the opportunities for actuaries in superannuation and investments. Learn more Diversity and Inclusion Working Group (DIWG) • Facilitated international diversity discussions at the ICA Diversity workshop. • Co-hosted a panel with GIPC on actuaries in broader fields, with the event rated 4/5 by 95% of attendees. • Recommended to Council the need for the Associate Advisory Taskforce, which commenced in October 2023. • Advised other Committees and Groups on strategies to foster a diverse volunteer base.

Professional Practice Committee

• Oversaw the development or updating of 16 Professional Practice Documents (PPDs) in the past year. • Strengthened relationships with PPD Leads across Practice Committees and held second PPD Community Meeting to share best practices. • Engaged with Practice Committees in emerging areas of practice (Data Science and Climate & Sustainability) to understand their requirements and approach to developing PPDs. Learn more Professionalism Committee • Promoted CPD to enable Members to achieve their five points for Professionalism through options such as articles in Actuaries Digital and attendance at relevant Insights Sessions. • Presented a session on the structure of our Code of Conduct to the International Professionalism Committee and at ICA2023. • Developed closer alignment with the Communication, Modelling and Professionalism Course, including attendance at tutorials and updating course case studies. Learn more

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