Advisory Group Advisory Group on Examination Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Souvik Jash | Chairperson | 2 | Ms. Sapna Malhotra | Secretary | 3 | Mr. Bikash Chaudhary | Member | 4 | Mr. Rohit Ajgaonkar | Member | 5 | Mr. Saddam Hossain | Member | 6 | Ms. Shivali Chopra | Member | 7 | Mr. Vikash Sharma | Member | Executive Assistant: Ms. Gauri Kothari (gauri@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.
Functions:- Review examination infrastructure and ensure high level of integrity.
- Explore broad basing, for example CB3 and CP2 examinations, using external alliances and technology, if necessary.
- Explore and Implement the online examination platforms for conducting examinations from home and to suggest mitigation of all the issues related to conduction of such examinations.
- Out of the box thinking on pool of examiners, creating staff actuary system and oversight of examinations delivery.
- Ensure question papers and marking, are of high standards within the laid down framework of the Education Policy.
- Conduct periodic meets of paper setters, examiners and markers with a view to ensuring that all stakeholders are on the same page with respect to what is expected of them.
- Conduction of enquiry into cases related to copying or any other form of malpractice, during or in connection with the examination.
- Other functions that may be assigned to this advisory group from time to time.
The Work plan and Timelines will be: - This Advisory Group will have at least three meetings per quarter (preferably one meeting per month) either through conference call or face to face meeting.
- This Advisory Group will report to the Finance & Administration Committee and/ or to the President.
Advisory Group on Education Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Sunil Sharma | Chairperson | 2 | Mr. Suresh Sindhi | Secretary | 3 | Dr. K Sriram | Member |
4 | Mr. Pradeep Anand | Member |
5 | Mr. Vamsidhar A | Member | 6 | Mr. Varun Gupta | Member | 7 | Dr. G Gopal | Member | 8 | Dr. Debasis Sengupta | Member | 9 | Dr. Dheeraj Mishra | Member | 10 | Dr. Sankarshan Basu | Member | Executive Assistant: Mr. Vinod Kumar (vinod@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.
Functions:
- Implementation of New Education Strategy.
- Review of Education policy from time to time.
- Review and updation of IAI Syllabus objectives from time to time.
- Conduct examination Coaching / Counseling.
- Development of IAI Study material.
- Collaborate with Academic or Other Credible Institutes.
- Global recognition for IAI qualification.
- Other functions that may be assigned to this Advisory Group from time to time.
The Work plan and Timelines will be:- This Advisory Group will have at least three meeting per quarter (one meeting per month) either through conference call or face to face.
- This Advisory Group will report to the Education Committee and / or to the President.
Advisory Group on Professionalism, Ethics & Conduct Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Rajesh Dalmia | Chairperson | 2 | Ms. Anuradha Lal | Secretary | 3 | Ms. Archana Anoor | Member | 4 | Mr. D Sai Srinivas | Member | 5 | Ms. Gayle Adams | Member |
6 | Ms. R Hemamalini | Member |
7 | Mr. Sanket Kawatkar | Member |
8 | Mr. Vivek Jalan | Member |
| | | Executive Assistant: Mr. Yogesh Pandit (yogesh@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.
Functions:- Inculcate high level of Professionalism amongst members through delivery mechanism that is effective,
- Develop and review of code of conduct, Actuarial Practice Standards, Guidance Notes and its compliance mechanism from time to time
- Development of code of conduct for student members
- Encourage, motivate and incentivise compliance with code of conduct and Actuarial Practice Standards,
- Advise on implementation of Disciplinary provisions within the framework of Actuaries Act 2006, that is just, fair and meets the ends of justice within the requirements of principles of public interest,
- Conduct courses, seminars, webinars, conferences and workshops on various subjects.
- Prepare articles for the Actuary India magazine
- Educate the members on matters affecting the profession
- Other fucntions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be:- This Advisory Group will have at least three meetings per quarter (Preferably one meeting per month) either through concall or face to face.
- This Advisory Group will report to the Professionalism Committee and/ or to the President.
Advisory Group on Life Insurance Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Prithesh Kumar Chaubey | Chairperson | 2 | Ms. Sunayana Mahansaria | Secretary | 3 | Ms. Asha Murali | Member | 4 | Mr. Heerak Basu | Member | 5 | Mr. Keyur Parekh | Member |
6 | Mr. N M Govardhan | Member |
7 | Mr. P K Dinakar | Member |
8 | Mr. Ramakant Malpani | Member |
9 | Mr. Ranabir Ghosh | Member |
10 | Mr. Vivek Jalan | Member | Executive Assistant: Ms. Binita Rautela (binita@actuariesindia.org) from IAI will be act as an Executive Assistant to the Group.
Functions:- Issues in respect of life insurance that are referred to it or the Group considers appropriate to address and advise/ recommend to the Institute for appropriate action.
- Putting in place and reviewing Actuarial Practice standards (Guidance Notes) that are required for members of the institute who work in life insurance including but not limited to the Appointed Actuaries.
- Emerging business and industry issues affecting life insurance industry in India.
- Technical and academic developments relating to life insurance in actuarial or other relevant fields, at local or international level.
- Conduct two Big Impact Research Projects that impact the lives of the people and government
- Prepare article for Actuary India magazine
- Review of APS/ GNs from time to time
- Wotk with Education Committee/ Education Task Force to review/ produce/ recommend syllabus for subject SA2 - Life Insurance
- Desig and carry out Continuing Professional Development Programmes including seminars and workshops for enhancement of skills of members working in life insurance area.
- Other functions that may be assigned to this advisory group from time to time.
The Work plan and Timelines will be: - This Advisory Group will have at least three meetings per quarter (preferably one meeting per month) either through conference call or face to face meeting.
- This Advisory Group will report to the Professionalism committee and/ or to the President.
Advisory Group on General Insurance Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Hiten Kothari | Chairperson | 2 | Mr. Sourav Roy | Secretary |
3 | Ms. Ashwani Kumar Arora | Member | 4 | Mr. J V Prasad | Member | 5 | Mr. Prasun Sarkar | Member |
6 | Ms. Sana Konnur | Member |
7 | Mr. Vishnuvardhan Pal Reddy | Member | | | | Executive Assistant: Ms. Binita Rautela (binita@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.
Functions:- Advise on the issues in respect of General Insurance that are referred to it or the Group considers appropriate to address.
- Review and advise on matetrs related to the Actuarial Practice Standards/ Guidance that are required for members of the Institute who work in General Insurance including Appointed Actuaries
- Design and carry out Training and the Continuous Professional Development (CPD) programs including Seminars and Workshops for enhancement of skills of members and students working in General Insurance area.
- To be in the knowledge of and advise the Institute on emerging professional issues affecting the profession in the General Insurance area.
- Advise on any regulatory or market issues that potentially may affect the status of the profession.
- Prepare articles for the Actuary India magazine
- Conduct big Impact Research Projects that impact the lives of the people and government
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be:- This Advisory Group will have at least three meetings per quarter (preferably one meeting per month) either through conference call or face to face meeting.
- This Advisory Group will report to the Professionalism Committee and/ or to the President.
Advisory Group on Health Care Insurance Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Vishwanath Mahindra | Chairperson | 2 | Mr. Sumit Ramani | Secretary | 3 | Mr. Abhijit Pal | Member | 4 | Ms. Anuradha Sriram | Member |
5 | Mr. Anshul Mittal | Member |
6 | Mr. Irvinder Singh Kohli | Member | 7 | Mr. Joydeep Saha | Member |
8 | Ms. Yogita Arora | Member |
Executive Assistant: Mr. Naresh Raheja (naresh@actuariesindia.org) from IAI will be act as an Executive Assistant to the Group.
Functions:- Responsible for addressing issues in respect of Health Care Insurance that are referred to it or the Group considers appropriate to address and advise the President/Council for appropriate action.
- Responsible for putting in place and reviewing Actuarial Practice standards (Guidance Notes) that are required for members of the institute who work in Health Care Insurance.
- Design and conduct the training programs in the area of Health & Care Insurance.
- Understanding and advise on emerging issues affecting Health Care Insurance industry within and outside India
- Advise the Institute on any regulatory or market issues that potentially may affect the status of the profession
- Prepare articles for the Actuary India magazine
- Engage with review of PM- Ayushman Bharat scheme offering technical expertise of IAI to further their objectives
- Conduct Big Impact Research Projects that impact the lives of the people and government
- Design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of members of the profession in Health Care Insurance.
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be:- This Advisory Group will have at least three meetings per quarter (Preferably one meeting per month) either through concall or face to face meeting.
- This Advisory Group will report to the Professionalism Committee and/ or to the President.
Advisory Group on Pensions, Other Employee Benefits & Social Security Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Kulin Patel | Chairperson | 2 | Mr. Kartikey Kandoi | Secretary | 3 | Ms. Chitra Jaisimha | Member | 4 | Mr. Hemanshu Jain | Member | 5 | Mr. Jenil Shah | Member | 6 | Mr. Ritobrata Sarkar | Member | Executive Assistant: Ms. Nilima Kadam (nilima@actuariesindia.org) from IAI will be act as an Executive Assistant to the Group.
Functions:- Create more visibility for the practice through continuous public engagement.
- Strengthen Public Image for the Practice by setting communication standards and creating mechanisms for information sharing.
- Recommending to the Council an appropriate Certificate of Practice Mechanism and Standardized Valuation Reporting Formats for Consulting Actuaries.
- Support Consulting Actuaries in the context of information clarity and communication issues.
- Build Quality by updating Course Syllabus and Course Material; and issuing Actuarial Practice Standards and Guidance Notes relevant to Pensions, Employee Benefits and Social Security.
- Buil capability by conducting Pensions, Employee Benefits and Social Security specific seminars / workshops.
- Keeping abreast of matters relating to area of Pension, Employee Benefits and Social Security, with regards to development globally in general, at level of IAA in particular and advising the council and members appropriately.
- Create / find new and more areas of work for consulting actuaries.
- Prepare artciles for the Actuary India magazine
- Design and carry out Continuing Professional Development Programmes including seminar/ webinars and workshops for enhancement of skills of members working in related area
- Conduct big Impact Research Projects that impact the lives of the people and governemt
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be:- This Advisory Group will have at least three meetings per quarter (Preferably one meeting per month) either through conference call or face to face.
- This Advisory Group will report to the Professionalism Committee and/ or to the President.
Advisory Group on Sustainable Development and Microinsurance Has been re-constituted with effect from 14th December, 2018. Updated on 14th December, 2018.
Members 1 | Mr. Bharat Venkataramani | Chairperson | 2 | Mr. Mayur Ankolekar | Secretary | 3 | Mr. A V Karthikeyan | Member | 4 | Mr. Kamlesh Gupta | Member | 5 | Mr. Khushwant Pahwa | Member | 6 | Ms. Malvika Nath | Member |
7 | Ms. Ritu Kotnala | Member |
8 | Ms. Shilpi Jain | Member |
9 | Ms. Tania Chakrabarti | Member | | | | Executive Assistant: Mr. Yogesh Pandit (yogesh@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.
Functions:- To be responsible for addressing issues in respect of Sustainable Development and Microinsurance (SDMI) that are referred to it or the Group considers appropriate to address and advise the President/Council for appropriate action.
- To contribute to knowledge, Research and evidence in the matters of issues around sustainable development e.g., social insurance, climate change adaptation, public policy etc.
- To contribute to knowledge, Research and evidence in the matters of issues around Microinsurance e.g., low ticket insurance, agricultural insurance etc.
- To design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of members of the profession in SDMI.
- To be in know of and advise the Institute on emerging professional issues affecting SDMI industry within and outside India.
- To be in know of and advise the Institute on emerging business and industry issues affecting SDMI within and outside India.
- To advise the Institute on any regulatory or market issues that potentially may affect the status of the profession.
The Work plan and Timelines will be: - This Advisory Group will have at least one meeting per quarter either through concall or face to face.
- This Advisory Group will report to the Wider Field Committee.
Advisory Group on Risk Management Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr. Kailash Mittal | Chairperson | 2 | Mr. Ashish Ranjan | Secretary | 3 | Mr. Bikash Choudhary | Member | 4 | Ms. Megha Garg | Member | 5 | Mr. Sateesh Bhat | Member | 6 | Mr. Shamit Gupta | Member | 7 | Mr. Suranjan Banerjee | Member | 8 | Mr. Tanay Chandra | Member | 9 | Mr. Hariharan Mani | Member | | | | Executive Assistant: Ms. Swetha Jain (swetha@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.
The Risk Management AG is responsible for:- Maintain and Develop professional education materials, including reviewing the course syllabus along with the Education advisory group/ Committee.
- Develop risk management seminars/ workshops to support CERA certification for members.
- Identify CPD needs of members and developing CPD programs and opportunities in risk management.
- Identify new and emerging technical and practice needs of members in risk management.
- Identify potential issues for research and development.
- Create research papers and developing intellectual property for IAI
- Publish in house journal on yearly basis
- Review and develop relevant Actuarial Practice Standards and Guidance Notes.
- Preparing public policy submissions on technical issues affecting risk management and on matters of broader public interest, including research activity.
- Prepare articles for the Actuary India magazine.
- Design and carry out Continuing Professional Development Programmes including sminar/ Webinar and workshops for enhancement of skills of members working in related area.
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be: - This Advisory Group will have at least three meetings per quarter (preferably one meeting per month) either through concall or face to face.
- This Advisory Group will report to the Wider Field Committee and/ or to the President.
Advisory Group on Data Science and AnalyticsHas been reconstituted with effect from 10th October, 2020. Updated on 10th October, 2020.
Members 1 | Mr.Heerak Basu | Chairperson |
2 | Mr.Manoj Kumar | Secretary | 3 | Mr.Balachandra Joshi | Member | 4 | Mr.Vamsidhar A | Member | 5 | Mr.Varun Gupta | Member | 6 | Mr.Vineet
Khanna | Member |
7 | Mr.Sandeep Patil | Member |
8 | Mr.Shailesh Dhuri | Member |
| | | Executive Assistant: Ms. Gauri Jamwal (jamwal@actuariesindia.org) from IAI will act as an Executive Assistant to the Group
Functions:
- Enhance the role of actuaries in the field of data analytics, inculcating the new data
management tools/software in the curriculum/training
- Create case studies and conduct research activity in collaboration with corporates and universities
- Help in generating employment for actuarial profession particularly student members in data science area within the insurance industry and beyond
- Prepare articles for the Actuary India magazine
- Work with Education Committee/Education Task Force to produce the syllabus and contents for certification course in Data Science and Analytics
- Design and carry out Continuing Professional Development Programmes including seminars/Webinars and workshops for enhancement of skills of members working in related area
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be: - This Advisory Group will have at least three meetings per quarter (preserably one meeting per month) either through conference call or face to face.
- This Advisory Group will report to the Wider Field Committee and/ or to the President.
Advisory Group on IFRS 17 (IND AS 117) Has been re-constituted with effect from 10th October, 2020. Updated on 11th October, 2020.
Members 1 | Mr.Kunj Behari Maheshwari | Chairperson | 2 | Ms.Harshada Shringarpure | Secretary | 3 | Mr.Ashish Ranjan | Member | 4 | Mr.Avdhesh Gupta | Member | 5 | Mr.Kshitij Sharma | Member | 6 | Ms.N Kalpana | Member |
7 | Mr.Philip Jackson | Member |
8 | Mr.Pradeep Anand | Member |
9 | Mr.R Arunachalam | Member |
10 | Mr.Venkata Krishna Narayana | Member |
| | | Executive Assistant: Ms. Swetha Jain (swetha@actuariesindia.org) from IAI will act as an Executive Assistant to the Group
Functions:
- Identify the role of actuaries in preparation of Financial statements by insurers in India under
IFRS 17 and advising the Institute for way ahead
- Work on addressing the matters related to the actuarial profession on IFRS 17 reporting standards as applicable to insurers in India
- Responsible for putting in place and reviewing relevant Actuarial Practice standards and Guidance Notes that are required for members of the institute who would be responsible for preparation of (parts of or whole of) financial statements for insurance companies including Appointed Actuaries
- To be in know of and advise the institute on emerging business and industry issues affecting the insurance industry, arising as a result of transition to a global IFRS 17 standard.
- To be in the know of and advise the Institute on useful technical and academic developments relating to IFRS 17
- Prepare articles for the Actuary India magazine
- Conduct Big Impact Research Projects that impact the lives of the people and government
- Work with Education Committee/ Education Task Force to produce the syllabus and content for certification course in IFRS 17
- Work/ liaise with other stakeholders
- Design and carry out Continuing Professional Development Programmes including seminars/ Webinars and workshops for enhancement of skills of members working in related area
- Create APS / GN on Ind AS 117
- Other functions that may be assigned to this advisory group from time to time.
The Work plan and Timelines will be: - This Advisory Group will have at least three meetings per quarter (preferably one meeting per month) either through conference call or face to face.
- This Advisory Group will report to the External Affairs Committee and/ or to the President.
Advisory Group on Banking, Finance and Investments Has been reconstituted with effect from 10th October, 2020, Updated on 10th October, 2020.
Members 1 | Mr.MSVS Phanesh | Chairperson | 2 | Mr.Chinnaraja Chendur Pandian | Secretary | 3 | Mr.Gopal Vishwanath Kumar | Member | 4 | Mr.Hiten Kothari | Member | 5 | Mr.Pankaj Tewari | Member |
6 | Ms.Prerna Nagpal | Member |
7 | Mr.Yash Ratan Pal | Member |
| | | Executive Assistant: Ms. Gauri Jamwal (jamwal@actuariesindia.org) from IAI will act as an Executive Assistant to the Group
Functions:- Enhance the role of actuaries in the field of banking, investment banking, mutual funds, derivatives, equity research, commodity research etc.
- Create case studies to enhance awareness about value addition by actuaries in BFI areas
- Help in generating employment for actuarial profession particularly student members in BFI
- Conduct Big Impact Research Projects that impact the lives of the people and government
- Participate in the BFSI seminars representing IAI and create positive impact
- Work with Education Committee/Education Task Force to produce the syllabus and contents for certification course in BFI
- Prepare article for the Actuary India magazine
- Design and carry out Continuing Professional Development Programmes including seminars/Webinars and workshops for enhancement of skills of members working in related area
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be: - This Advisory Group will have at least three meetings per quarter (preferably one meeting per month) either through conference call or face to face meeting.
- This Advisory Group will report to Wider Field Committee and/or to the President.
Advisory Group on Communication As constituted and effective from 26th October, 2020, Updated on 27th October, 2020.
Members 1 | Mr.Gopal V. Kumar | Chairperson | 2 | Mr.Sateesh Bhat | Secretary |
3 | Ms.Bhavna Verma | Member |
4 | Mr.Irvinder Singh Kohli | Member |
5 | Mr.Ritobrata Sarkar | Member |
6 | Ms.Padmaja R | Member |
7 | Mr.Prasun Sarkar | Member |
8 | Ms.Sana Konnur | Member |
9 | Ms.Tania Chakrabarti | Member |
| | | Executive Assistant: Ms. Rashi Kapoor (rashi@actuariesindia.org) from IAI will act as an Executive Assistant to the Group
Functions:- Maintaining two way communication with Members by seeking their views, delivering messages and opinion surveys (relating to Communication).
- Optimum usage of digital and print Media to enhance the visibility of the Profession within
Actuarial Community as well as amongst non-actuaries.
- Help growing the profession through print, electronic and online media Digital marketing, Social
Media and PR Agency, if any.
- Review and Publicise content based material generated by different stakeholders
- To create awareness amongst public and government about the value add by the actuarial
profession
- Design and Implement the plan to have presence across universities
- To help media coverage of IAI events and press releases
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be: - This Advisory Group will have at least three meeting per quarter (preferably one meeting per month) either through conference call or face to face.
- This Advisory Group will report to External Affairs and Research Committee and/or to the President.
Advisory Group on Actuarial Job Placement (AG-AJP) Has been reconstituted with effect from 10th October, 2020, Updated on 10th October, 2020.
Members 1 | Ms.Sana Konnur | Chairperson | 2 | Mr.Kapil Aggarwal | Secretary | 3 | Mr.Abhijit Pal | Member | 4 | Mr.Ankit Arora | Member |
5 | Ms.Nancy Gupta | Member |
6 | Mr.Nikhil Kamdar | Member |
7 | Mr.Saurav Rajgaria | Member |
8 | Mr.Shantanu Gaur | Member |
9 | Ms.Shobhna Sharma | Member |
10 | Mr.Suresh Sindhi | Member |
| | | Executive Assistant: Ms. Binita Rautela (binita@actuariesindia.org) from IAI will act as an Executive support to the Group
Functions:- Determine and utilize the ways to connect the Actuarial candidates (with more emphasis
on unemployed students) with the potential employers.
- Enhance awareness about the actuarial skills among employers though face to face
meetings, seminars or webinars etc.
- Increase the numbers of active employers on IAI Job Portal and maximize number of
Jobs available to students
- Enhance number of active Profiles of members on Job Portal by proper communication
to students
- Co-ordinate with other advisory groups to enhance the employability of the students by
initiating/recommending certification/training
- Consider and provide suggestive solution to the problems relating to carrer planning and other related matters
- Engage with prospective employers to explore and develop fresh avenues of employment for Fellow/Associate/Student Members
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be: - This Advisory Group will have at least three meeting per quarter (preferably one meeting per month) either through conference-call or face to face.
- This Advisory Group will report to the Finance and Admin Committe and / or to the President.
Advisory Group on Investment Has been constituted with effect from 12th November, 2020, Updated on 12th November, 2020.
Members 1 | Mr.Sanjeeb Kumar | Chairperson | 2 | Mr.Ajay Chaturvedi | Member | 3 | Mr.Gopalkumar V | Member | 4 | Mr.Imran Sayed | Member |
5 | Mr.Saket Singhal | Member |
| | | Executive Assistant: Mr. Ulhas Pokharkar (ulhas@actuariesindia.org) from IAI will act as an Executive support to the Group
Functions:- Develop the Investment Policy of the Institute, Review and Recommend changed therein from time to time, within the framework of applicable Acts and Regulations.
- Assess Investment performance and see that it is consistent with investment objectives and/or parameters
- Evaluate scenario analysis based on projected future IAI expenses and liability, operational and disaster risk scenario and portfolio characteristics of potential asset allocations
- Monitor and recommend the cash flows and asset mix on regular basis in accordance with the Investment objectives.
- Recommendation on utilization of development fund as per relevant provisions of Income Tax Act.
- Other functions that may be assigned to this advisory group from time to time
The Work plan and Timelines will be: - This Advisory Group will have at least three meeting per quarter (preferably one meeting per month) either through conference-call or face to face.
- This Advisory Group will report to the Finance and Admin Committe and / or to the President.
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