The CIA has developed a number of strategic relationships with organizations in Canada and around the world:
Actuarial Foundation of Canada
The Actuarial Foundation of Canada (AFC) is a registered charity founded in 2003 to support youth education, financial literacy, and research initiatives that utilize actuarial skills in the public interest. The public service focus of the AFC is an important way that the actuarial profession is helping change Canadian lives for the better.
Actuarial Standards Board
The mission of the Actuarial Standards Board (ASB) is to develop, establish, and maintain standards of practice governing actuarial practice in Canada. It:
- Provides continuous review of standards of practice (in particular, reviewing each section of the CIA Standards of Practice no less frequently than every seven years) and determines whether they are in need of alteration, expansion, or elimination;
- Directs and manages the development of standards of practice in all areas of actuarial practice;
- Adopts standards of practice in all areas of actuarial practice, within its sole discretion and pursuant to such procedures as it deems appropriate; and
- Ensures the adequate communication of standards of practice to Members, Associates, and Affiliates of the CIA, plus public regulatory and judicial bodies, governments, other professions, and other members of the public.
Actuarial Standards Oversight Council
The Actuarial Standards Oversight Council (ASOC) was established in 2007 by the CIA as an independent body to serve the public interest by overseeing and providing input to the activities of the Actuarial Standards Board, which establishes actuarial Standards of Practice. The ASOC is composed of seasoned professionals and business people with experience in the financial sector.
Actuarial Students National Association
The Actuarial Students National Association (ASNA) is a non-profit organization led by students for students, through a collection of committees representing universities from across Canada. Each year, a committee is elected to host the upcoming ASNA convention.
These conventions are the largest gathering of actuarial students and professionals in Canada, with attendance in the hundreds. They offer a truly unique opportunity and experience not only for the students, but also for the actuarial community at large.
Casualty Actuarial Society
The Casualty Actuarial Society focuses on supporting casualty actuaries who are committed to achieving their full professional potential while maintaining the highest standards of conduct and competence. Its purposes are to:
- Advance the body of knowledge of actuarial science applied to general insurance, including property, casualty and similar risk exposures;
- Expand the application of actuarial science to enterprise risks and systemic risks;
- Establish and maintain standards of qualification for membership;
- Promote and maintain high standards of conduct and competence;
- Increase the awareness of actuarial science; and
- Contribute to the well-being of society as a whole.
CERA Global Organization
The Chartered Enterprise Risk Analyst (CERA) enterprise risk management (ERM) credential is the most comprehensive and rigorous globally-recognised ERM designation and is supported by 15 member associations in 14 countries worldwide, including the CIA.
The CERA credential combines a robust and forward-looking curriculum underpinned by actuarial science with a strong code of professional conduct and continuing professional development requirements, making it the most advanced and rigorous ERM credential in the world. Businesses that rely on CERAs can make smarter decisions based on sound analysis and understanding of their risks.
Learn how to achieve CERA through the CIA
Institute and Faculty of Actuaries
The Institute and Faculty of Actuaries is the UK’s only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. It represents and regulates its members for the benefit of the outside world and oversees their education at all stages of qualification and development throughout their careers.
As a professional body it works with employers to encourage and develop their actuarial employees to better themselves, the employer, and the financial sector.
View the Mutual Recognition Agreement with the IFoA
Institute of Actuaries of Australia
The Institute of Actuaries of Australia, now known as the Actuaries Institute, is the sole professional body representing the actuarial profession in Australia. Its mission is to:
- Support the professional aspirations of our members by providing or arranging effective, valued and inclusive pre-qualification education, continuing professional development, and knowledge forums;
- Promote the development of actuarial science through research and the expansion of the profession into new areas of endeavour;
- Protect the public and the reputation of the actuarial profession by providing quality practice guidance and maintaining and enforcing strict professional standards;
- Represent the actuarial profession in Australia, and promote the actuarial profession’s value by contributing to and informing debate on public policy and business issues; and
- Provide valued member services, including efficient Secretariat operation and financing, and informative member communications.
View the Mutual Recognition Agreement with Australia
International Actuarial Association
Founded in 1895, and reformed in 1998 with a new constitution, the International Actuarial Association (IAA) is the worldwide association of professional actuarial associations, with a number of special interest sections for individual actuaries. The IAA exists to encourage the development of a global profession, acknowledged as technically competent and professionally reliable, which will ensure that the public interest is served.
International Fiscal Association
The International Fiscal Association (IFA) was established in 1938 with its headquarters in the Netherlands. It is the only non-governmental and non-sectoral international organisation dealing with fiscal matters. Its objects are the study and advancement of international and comparative law in regard to public finance, specifically international and comparative fiscal law and the financial and economic aspects of taxation.
Joint Risk Management Section
The Society of Actuaries, Casualty Actuarial Society and CIA jointly sponsor the Risk Management Section. Its purpose is to further the education and research in the area of risk management and establish leading risk management techniques. These efforts should help to increase the profile of the actuarial profession as being leaders in this field and should be rigorous and based on sound principles such that the resulting techniques are broadly transportable across disciplines and industries.
The JRMS puts out the Risk Management Newsletter, and the CIA publishes the French edition. As well, the JRMS organizes the annual ERM Symposium.
North American Actuarial Council
The nine actuarial organizations operating in the United States, Canada, and Mexico work together through the North American Actuarial Council to foster cooperation among the participating organizations consistent with their individual missions; eliminate unnecessary duplication of effort and activity; encourage mutual recognition and cross-border discipline; and enhance the image, growth and reputation of the actuarial profession in North America.
Society of Actuaries
The Society of Actuaries (SOA) is the largest professional organization dedicated to serving 24,000 actuarial members and the public in the United States, Canada, and worldwide. The SOA’s vision is for actuaries to be the leading professionals in the measurement and management of risk. It is committed to:
- Education—Providing basic education in the fundamental principles of actuarial science, advanced education, professional development and continuing education for practicing actuaries.
- Research—Conducting research to develop studies of historical experience and techniques for projections into the future, analyzing the actuarial aspects of public policy issues, and providing the foundation for further expansion of the profession.
- The Profession—Promoting high standards of professional competence and conduct within the actuarial profession.
Society of Actuaries in Ireland
The Society of Actuaries in Ireland is the professional body representing the actuarial profession in Ireland. It is dedicated to serving the public by fostering the highest standards of professionalism and competence in actuarial practice. Its mission is to:
- Develop the role and standing of the actuarial profession in Ireland and enhance its reputation;
- Support actuaries throughout their career so that they have the skills, attributes, and knowledge appropriate to both current and future needs of actuarial practice; and
- Develop, maintain, and enforce actuarial standards that require actuaries to advise their clients with integrity, professionalism, and objectivity.
View the Mutual Recognition Agreement with Ireland