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Actuarial profession in Russia – Status and progress. Vladimir Novikov Chairman of the Russian Guild of actuaries 1 November 2007 . History. 1994 – 2001 - Society of actuaries of Russia 2002 – Guild of actuaries was found Actuarial profession promotion

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actuarial profession in russia status and progress

Actuarial profession in Russia – Status and progress

Vladimir Novikov

Chairman of the Russian Guild of actuaries

1 November 2007

history
History
  • 1994 – 2001 - Society of actuaries of Russia
  • 2002 – Guild of actuaries was found
    • Actuarial profession promotion
    • Participation in international events, distributing international experience on local level
      • Actuarial conference – 2003, supported by TACIS
      • European Actuarial Academy seminar “Key actuarial techniques” – 2006 – supported by FAIS
    • Participation in market development (draft rules for life insurance reserving, rules for actuarial certification and reporting, investigation of clams experience of MTPL for RUMI, etc)
    • Educational system developing – textbook translation, syllabus preparation, 3 waives of voluntary exams on Actuarial mathematics -1
  • 2006 – around 40 members, Associate member of International Actuarial association
history 2007
History – 2007

February - General meeting

  • Prospective plan was adopted
  • New board election
    • Igor Kotlobovski (Moscow state university)
    • Alexander Lelchuck (Consulting)
    • Sergei Zavriev (ING)
    • Andrei Kudriavtsev (SPb University)
    • Nikolai Gorbachev (Ingosstrakh)
    • Valery Baskakov (Consulting)
    • Dmitri Denisov (Moscow state university)
    • Lmitri Malyh (Czech Insurance company)
    • Konstantin Kozlov (Cardif)
    • Andrei Safonov (Renessans insurance)
    • Vladimir Novikov (AIG Life)
  • Preparation to full membership in IAA was started
  • There were established 4 Committees
    • Life insurance
    • Pension
    • Non –life insurance
    • Education
last events
Last events
  • General meeting (26 June 2007) made decision to apply for full membership of the Guild of actuaries in IAA
  • Education program was adopted
  • Code of conduct was adopted
  • Disciplinary commission was formed

(Igor Kotlobovski is a Chairman)

last events5
Last events
  • Application for full membership in IAAof the Guild of actuaries was sent on 6th of October
  • It was preliminary considered on IAA Meeting last week
  • Next IAA meeting in June 2008 will make an official decision
status
Status
  • >130 members
  • Insurance industry – 71%
  • Consulting – 8%
  • Universities – 11%
  • State and Non-state pensions – 7%
  • Other – 3%

From the 15th of October 2007 new candidates should go through professional exams

future progress
Future progress
  • Transfer education program into set of exams
    • Textbooks translation, editing and printing
    • Start examination procedure for new members
    • Start regular CPD (Continuing professional development) activity
  • Developing standard of actuarial practice (life, general, pensions)
  • Regular information providing to supervision authority and other bodies, taking part in actuarial reporting implementation
future progress8
Future progress
  • International events 2008
    • EAA Seminar
    • IAA Fund Meeting of leaders of actuarial profession of CIS countries
  • Developing relations with Russian association of professional accountant and auditors, other domestic and international bodies
slide9
Thank you

www.guildofactuaries.ru

Reminder! Next exam will be on Sunday, November 11, 2007