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Advisory Group

Advisory Group on Examination

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members
1Mr. Souvik JashChairperson
2Mr. Ranabir GhoshSecretary
3Ms. Bhavna VermaMember
4Ms. Khushboo HamirbasiaMember
5Mr. Parasurambabu VarakaviMember
6Mr. Saddam HossainMember
7Ms. Sapna MalhotraMember
8Mr. 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 CT9 and CA2 examinations, using external alliances and technology, if necessary. 
  • 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.
  • To liaise and work along with UK Actuarial Profession as for as examination governance is concerned.
  • Conduction of enquiry into cases related to copying or any other form of malpractice, during or in connection with the examination.
  • To work in sync with Task Force on Education Strategy.
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 Finance & Administration Committee.

Advisory Group on Education

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members
1Dr.K SriramChairperson
2Mr. Suresh SindhiSecretary
3Mr. Pradeep AnandMember
4Mr. Vamsidhar AMember
5Mr. Varun GuptaMember
6Dr.G GopalMember
7Dr.Debasis SenguptaMember
8Dr.Dheeraj MishraMember
9Dr.Sankarshan BasuMember

Executive Assistant: Ms. Gauri Kothari (headee@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.

Functions:
  • Review of Education policy from time to time.
  • Conduct examination Coaching / Counseling for students.
  • Conduct Capacity building and Current issues Seminars/Conferences.
  • Other functions that may be assigned to this Advisory Group from time to time by the Education Committee.
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 Education Committee.

Advisory Group on Professionalism, Ethics & Conduct

As constituted and effective from 11th October, 2018.  Updated on 11th October, 2018.

Members

1Mr. K S GopalakrishnanChairperson
2Ms. Anuradha LalSecretary
3Mr. Vivek JalanMember
4Mr. D Sai SrinivasMember
5Ms. R HemamaliniMember
6Ms. Gayle AdamsMember
7Mr. N.M. GovardhanMember
8Mr. Sanket KawatkarMember
   
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 robust code of conduct, Actuarial Practice Standards and its compliance mechanism,
  • 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,
  • Run Professionalism courses that meet the requirements of the profession on its members to be ethically compliant at all times.
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 Professionalism Committee.

Advisory Group on Life Insurance

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members

1Mr. B N RangarajanChairperson
2Mr. Ramakant MalpaniSecretary
3Mr. Ajay ChaturvediMember
4Mr. Bikash ChoudharyMember
5Mr. Heerak BasuMember
6Mr. P K DinakarMember
7Mr. Prithesh Kumar ChaubeyMember
8Mr. Ranabir GhoshMember
9Mr. Udbhav GuptaMember

Executive Assistant: Mr. Vinod Kumar (HOET@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.
  • Designing and carrying out Continuing Professional Development Programmes including seminars and workshops for enhancement of skills of members working in life insurance area.
  • 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.
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 Professionalism committee.

Advisory Group on General Insurance

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members

1Mr. Jatin AroraChairperson
2Mr. Puneet Avinash SudanSecretary
3Mr. Neel CheddaMember
4Ms. Neha PodarMember
5Ms. Sana KonnurMember
6Mr. Sharad RamnarayananMember
7Mr. Vaibhav TyagiMember
8Mr. Yogesh AgarwalMember
   
Executive Assistant: Mr. Vinod Kumar Kuttierath (HOET@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.

Functions:
  • To advise on the issues in respect of General Insurance that are referred to it or the Group considers appropriate to address.
  • To 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
  • To design and carry out Training and the Continuous Professional Development (CPD) programs including Seminars and Workshops for enhancement of skills of membersa nd studnets 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.
  • To advise 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 Professionalism Committee.

Advisory Group on Health Care Insurance

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members

1Mr. Vishwanath MahindraChairperson
2Ms. Raunak JhaSecretary
3Mr. Abhijit PalMember
4Ms. Anuradha SriramMember
5Mr. Irvinder Singh KohliMember
6Mr. Sumit RamaniMember
7Ms. Yogita AroraMember

Executive Assistant: Mr. Vinod Kumar (HOET@actuariesindia.org) from IAI will be act as an Executive Assistant to the Group.

Functions:
  • To be 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.
  • To be 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.
  • To design and conduct the training programs in the area of Health & Care Insurance.
  • To 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.
  • To be in know of and advise the institute on emerging professional issues affecting Health Care Insurance industry within and outside India.
  • To be in know of and advise the institute on emerging business and industry issues affecting Health Care Insurance industry 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 Professionalism Committee.

Advisory Group on Pensions, Other Employee Benefits & Social Security

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members

1Mr. Kulin PatelChairperson
2Mr. Kartikey KandoiSecretary
3Ms. Chitra JaisimhaMember
4Mr. Hemanshu JainMember
5Mr. Jenil ShahMember
6Ms. Neha AgarwalaMember
7Ms. Preeti ChandrashekharMember
8Mr. Suresh SindhiMember

Executive Assistant: Mr. Vinod Kumar (HOET@actuariesindia.org) from IAI will be act as an Executive Assistant to the Group.

Functions:
  • Creating more visibility for the practice through continuous public engagement.
  • Strengthening 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.
  • Supporting Consulting Actuaries in the context of information clarity and communication issues.
  • Building Quality by updating Course Syllabus and Course Material; and issuing Actuarial Practice Standards and Guidance Notes relevant to Pensions, Employee Benefits and Social Security.
  • Building 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.
  • Creating / finding new and more areas of work for consulting actuaries.
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 Professionalism Committee.

Advisory Group on Sustainable Development and Microinsurance

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members

1Mr. Bharat VenkataramaniChairperson
2Mr. Mayur AnkolekarSecretary
3Mr. Himanshu GargMember
4Mr. Kamlesh GuptaMember
5Mr. Khushwant PahwaMember
6Mr. Prasun SarkarMember
7Ms. 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 and evidence in the matters of issues around sustainable development e.g., social insurance, climate change adaptation, public policy etc.
  • To contribute to knowledge 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 12th October, 2018. Updated on 12th October, 2018.

Members

1Mr. Kailash MittalChairperson
2Mr. Sonjai KumarSecretary
3Mr. Ashish RanjanMember
4Mr. Sachin GargMember
5Mr. Samit UpadhayayMember
6Mr. Shamit GuptaMember
7Mr. Sourav RoyMember
8Mr. Suranjan BanerjeeMember
9Mr. Hariharan ManiMember
   
Executive Assistant: Mr. Gururaj Nayak (hod@actuariesindia.org) from IAI will act as an Executive Assistant to the Group.

The Risk Management AG is responsible for:
  • To maintaining and developing professional education materials, including reviewing the course syllabus along with the Education advisory group/ Committee.
  • To developing risk management seminars/ workshops to support CERA certification for members.
  • To identifying CPD needs of members and developing CPD programs and opportunities in risk management.
  • To identifying new and emerging technical and practice needs of members in risk management.
  • To identifying potential issues for research and development.
  • To reviewing and developing relevant Actuarial Practice Standards and Guidance Notes.
  • To preparing public policy submissions on technical issues affecting risk management and on matters of broader public interest, including research activity.
  • To communicating on a regular basis with members (for example through the Actuary India magazine) on risk management issues and developments.
  • To developing and maintaining links with overseas actuarial bodies, the International Actuarial Association and relevant professional and industry bodies.
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 Data Science and Analytics

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

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: Mr. Gururaj Nayak (hod@actuariesindia.org) from IAI will act as an Executive Assistant to the Group

Functions:
  • Enhancing the role of actuaries in the field of data analytics, inculcating the new data management tools/software in the curriculum/training.
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 IFRS 17 (IND AS 117)

Has been re-constituted with effect from 12th October, 2018. Updated on 12th October, 2018.

Members

1Mr.Kunj Behari MaheshwariChairperson
2Mr.Ashish RanjanSecretary
3Mr.Avdhesh GuptaMember
4Mr.Gaurav MalhotraMember
5Ms.Harshada ShringarpureMember
6Mr.Kshitij SharmaMember
7Ms.N Kalpana Member
8Mr.Philip Jackson Member
9Mr.Pradeep Anand Member
10Mr.Venkata Krishna Narayana Member
   
Executive Assistant: Mr. Gururaj Nayak (hod@actuariesindia.org) from IAI will act as an Executive Assistant to the Group

Functions:
  • To identify the role of actuaries in preparation of Financial statements by insurers in India under IFRS 17 and advising the Institute for way ahead
  • To work on addressing the matters related to the actuarial profession on IFRS 17 reporting standards as applicable to insurers in India
  • To be 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 design and carry out Continuing Professional Development Programmes including seminars and workshops for enhancement of skills of members in this area
  • 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 17standard.
  • To be in the know of and advise the Institute on useful technical and academic developments relating to IFRS 17
  • Working/ liaising with other stakeholders
  • Any other assignment or project assigned to the Group.
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 External Affairs Committee.

Advisory Group on Banking, Finance and Investments

Has been re-constituted with effect from 16th October, 2018. Updated on 16th October, 2018.

Members

1Mr.MSVS PhaneshChairperson
2Mr.Chinnaraja Chendur PandianSecretary
3Mr.Anuj BudhiaMember
4Mr.Gopal Vishwanath KumarMember
5Mr.Mahidhara Davangere VMember
6Mr.Hiten KothariMember
7Mr.Pankaj Tewari Member
8Ms.Prerna Nagpal Member
9Mr.Saket Singhal Member
   
Executive Assistant: Mr. Gururaj Nayak (hod@actuariesindia.org) from IAI will act as an Executive Assistant to the Group

Functions:
  • Enhancing the role of actuaries in the field of banking, investment banking, mutual funds, derivatives, equity research, commodity research etc.
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 Wider Field Committee.
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