Presentation to UNSW Actuarial Program Students August 2002 Helen Martin BA FIAA IAAust President.

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Presentation transcript:

Presentation to UNSW Actuarial Program Students August 2002 Helen Martin BA FIAA IAAust President

The Actuarial Profession in Australia Role of the Institute Initiatives & activities Why it’s a great profession A little bit about me

Role of the Institute Professional body: representing, and providing services to, members of the actuarial profession Over 2500 members, including students, Associates, Fellows & Affiliates (new) Vision: IAAust aims to position the profession so that wherever there is uncertainty of future financial outcomes, actuaries are sought after for their valued advice and authoritative comment.

Role of the Institute IAAust represents the actuarial profession by creating, expanding and maintaining an environment where the skills of actuaries are widely used and valued through: development of professional standards providing education, CPD & forums for discussion promoting research & development of actuarial science, and contributing to public policy.

Initiatives & Activities Education Recognised as world class - flexible and innovative Continually evolving - Part III Review Partnership with universities important Asian education strategy CPD, Discussion forums, member services Conventions, forums & seminars Journals, magazine, web-site Links with industry and other bodies Research, experience studies

Initiatives & Activities Policy submissions & representation General Insurance Public Liability & Medical Indemnity, Health Financing & Ageing (Intergenerational Report) Governance & prudential issues HIH Royal Commission (incl. roles of auditor/actuary) Financial reporting and accounting International involvement International Actuarial Association International Accounting Standards Board International Association of Insurance Supervisors

Why it’s a great profession! Valuable technical skills with wide application Areas of work many and varied Opportunities in financial services and beyond Member of respected profession Global qualification - mutual recognition Access to IAAust services and programs Industry/professional/political/regulatory involvement The opportunity to make a difference!

A little bit about me Macquarie Uni - actuarial degree (AMP scholarship) Towers Perrin - employee benefits consulting -strategic advice to employers -many different clients/projects Australian Prudential Regulation Authority -technical advice & support -all areas of financial services Institute involvement -Commitees & Taskforces -Council -President Challenging, rewarding, varied - and fun!

Want to become a member? Visit the IAAust website Contact the IAAust Secretariat Institute of Actuaries of Australia Level 7 Challis House, 4 Martin Place Sydney 2000 AUSTRALIA Telephone: Fax: