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Advisory Group

Advisory Group on Examination

Has been re-constituted with effect from 10th October, 2020. Updated on 10th October, 2020.

Members
1Mr. Souvik JashChairperson
2Ms. Sapna MalhotraSecretary
3Mr. Bikash ChaudharyMember
4Mr. Rohit AjgaonkarMember
5Mr. Saddam HossainMember
6Ms. Shivali ChopraMember
7Mr. Vikash SharmaMember

Executive Assistant: Ms. Gauri Kothari (headee@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
1Mr. Sunil SharmaChairperson
2Mr. Suresh SindhiSecretary
3Dr. K SriramMember
4Mr. Pradeep AnandMember
5Mr. Vamsidhar AMember
6Mr. Varun GuptaMember
7Dr. G GopalMember
8Dr. Debasis SenguptaMember
9Dr. Dheeraj MishraMember
10Dr. Sankarshan BasuMember

Executive Assistant: Ms. Gauri Kothari (headee@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

1Mr. Rajesh DalmiaChairperson
2Ms. Anuradha LalSecretary
3Ms. Archana AnoorMember
4Mr. D Sai SrinivasMember
5Ms. Gayle AdamsMember
6Ms. R HemamaliniMember
7Mr. Sanket KawatkarMember
8Mr. Vivek JalanMember
   
Executive Assistant: Mr. Yogesh Pandit, Compliance Officer (compliance@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

1Mr. Prithesh Kumar ChaubeyChairperson
2Ms. Sunayana MahansariaSecretary
3Ms. Asha MuraliMember
4Mr. Heerak BasuMember
5Mr. Keyur ParekhMember
6Mr. N M GovardhanMember
7Mr. P K DinakarMember
8Mr. Ramakant MalpaniMember
9Mr. Ranabir GhoshMember
10Mr. Vivek JalanMember

Executive Assistant: Ms. Binita Rautela (marketing@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

1Mr. Hiten KothariChairperson
2Mr. Sourav RoySecretary
3Ms. Ashwani Kumar AroraMember
4Mr. J V PrasadMember
5Mr. Prasun SarkarMember
6Ms. Sana KonnurMember
7Mr. Vishnuvardhan Pal ReddyMember
   
Executive Assistant: Ms. Binita Rautela (marketing@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

1Mr. Vishwanath MahindraChairperson
2Mr. Sumit RamaniSecretary
3Mr. Abhijit PalMember
4Ms. Anuradha SriramMember
5Mr. Anshul MittalMember
6Mr. Irvinder Singh KohliMember
7Mr. Joydeep SahaMember
8Ms. Yogita AroraMember

Executive Assistant: Ms. Ambreen Surve (ambreen@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

1Mr. Kulin PatelChairperson
2Mr. Kartikey KandoiSecretary
3Ms. Chitra JaisimhaMember
4Mr. Hemanshu JainMember
5Mr. Jenil ShahMember
6Ms. Neha AgarwalaMember
7Mr. Ritobrata SarkarMember

Executive Assistant: Ms. Ambreen Surve (ambreen@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

1Mr. Bharat VenkataramaniChairperson
2Mr. Mayur AnkolekarSecretary
3Mr. A V KarthikeyanMember
4Mr. Kamlesh GuptaMember
5Mr. Khushwant PahwaMember
6Ms. Malvika NathMember
7Ms. Ritu Kotnala Member
8Ms. Shilpi Jain Member
9Ms. Tania Chakrabarti Member
   
Executive Assistant: Mr. Yogesh Pandit (compliance@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

1Mr. Kailash MittalChairperson
2Mr. Ashish RanjanSecretary
3Mr. Bikash ChoudharyMember
4Ms. Megha GargMember
5Mr. Sateesh BhatMember
6Mr. Shamit GuptaMember
7Mr. Suranjan BanerjeeMember
8Mr. Tanay ChandraMember
9Mr. Hariharan ManiMember
   
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 Analytics

Has been reconstituted with effect from 10th October, 2020. Updated on 10th October, 2020.

Members

1Mr.Heerak BasuChairperson
2Mr.Mahidhara Davangere VSecretary
3Mr.Balachandra JoshiMember
4Mr.Manoj KumarMember
5Mr.Vamsidhar AMember
6Mr.Varun GuptaMember
7Mr.Vineet Khanna Member
8Mr.Sandeep Patil Member
9Mr.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

1Mr.Kunj Behari MaheshwariChairperson
2Ms.Harshada ShringarpureSecretary
3Mr.Ashish RanjanMember
4Mr.Avdhesh GuptaMember
5Mr.Kshitij SharmaMember
6Ms.N Kalpana Member
7Mr.Philip Jackson Member
8Mr.Pradeep Anand Member
9Mr.R Arunachalam Member
10Mr.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

1Mr.MSVS PhaneshChairperson
2Mr.Chinnaraja Chendur PandianSecretary
3Mr.Gopal Vishwanath KumarMember
4Mr.Hiten KothariMember
5Mr.Mahidhara Davangere VMember
6Mr.Pankaj Tewari Member
7Ms.Prerna Nagpal Member
8Mr.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

1Mr.Gopal V. KumarChairperson
2Ms.Samreen AsifSecretary
3Ms.Bhavna VermaMember
4Mr.Irvinder Singh KohliMember
5Mr.Ritobrata SarkarMember
6Ms.Padmaja RMember
7Mr.Prasun SarkarMember
8Mr.Sateesh BhatMember
9Ms.Sana KonnurMember
10Ms.Tania Chakrabarti Member
   
Executive Assistant: Ms. Swetha Jain (swetha@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

1Ms.Sana KonnurChairperson
2Mr.Kapil AggarwalSecretary
3Mr.Abhijit PalMember
4Mr.Ankit AroraMember
5Ms.Nancy GuptaMember
6Mr.Nikhil KamdarMember
7Mr.Saurav RajgariaMember
8Mr.Shantanu GaurMember
9Ms.Shobhna SharmaMember
10Mr.Suresh SindhiMember
   
Executive Assistant: Mr. Vinod Kumar Kuttierath (hoet@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

1Mr.Sanjeeb KumarChairperson
2Mr.Ajay ChaturvediMember
3Mr.Gopalkumar VMember
4Mr.Imran SayedMember
5Mr.Saket SinghalMember
   
Executive Assistant: Mr. Ravi Mastekar (accounts@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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