IAA Election Results for 2016

The International Actuarial Association (IAA) is pleased to announce that, at its meeting on October 17, 2015 in Vancouver, the Council of the IAA elected the following individuals to serve as Officers of the IAA effective January 1, 2016.

  • President: Malcolm Campbell (Sweden)
  • President-Elect: Thomas S. Terry (United States)
  • Immediate Past President: Frederick Rowley (Australia)

All terms of office are for one year ending on December 31, 2016.

Mr. Campbell’s involvement in the work of the IAA started in 2004 as the Swedish Actuarial Society’s delegate to the Pensions & Employee Benefits Committee. Over the years, Mr. Campbell has also served as Secretary of the Life Section from 2006 to 2014, and as a member of the Enterprise and Financial Risk Committee and various task forces. He was elected as a member of the Executive Committee in 2012, and chaired the Strategic Planning Subcommittee in 2015.

“It is a great honour to have been asked to serve as IAA President and I thank the IAA member associations for the trust they have placed in me. I would also like to recognize the hard work of our Immediate Past President, Fred Rowley, who has guided the IAA through an interesting 2015. I very much plan to build on his achievements.

As the actuarial profession moves forward into 2016, we see many global institutions playing an increasingly important role in the regulation of our business at a local level. At the same time actuaries are finding new areas in which to apply their competencies. All of this brings with it an abundance of opportunities for the profession, both in terms of supporting the development of global regulation and also in widening the scope of actuarial work.

Actuaries have always been held in high regard, but the trust placed in us can be fragile, and if we are to capitalize on the opportunities we need to focus on our brand. This will be one of the IAA’s major projects for 2016. We do not intend to focus on logos or flashy marketing presentations, but more about how we as a profession and as individual actuaries are seen by key stakeholders. So for me it is important that our branding message should focus on the quality of our work and the consistency and impartiality of our advice.
However doing a good job is not enough in itself and communication is going to be a key component of getting our brand image across. We will endeavor to be responsive to the needs of our stakeholders, and make every effort to give clear well-grounded commentary on the important issues. The IAA also will continue its efforts of engaging with its members, with a focus on value added not only to member associations but also to individual actuaries.

With the support of the IAA Secretariat and the more than 800 actuarial volunteers, I look forward to continue expanding on how the actuarial profession can make a positive and meaningful contribution that will improve the soundness of decisions being made on important issues with a global impact, ensuring that the public interest is served. Looking forward to 2016, there is plenty to do and it is going to be an intensive year - but also a year full of opportunities."

Mr. Campbell’s presidential address video can be accessed here.