Leading Australian actuary Fred Rowley to be President-elect of the International Actuarial Association

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Risk expert Rowley to lead global direction and future of the actuarial profession

Confirming the increasingly influential role of Australian actuarial professionals, former President of the Actuaries Institute, Fred Rowley, will take up office as President-elect of the International Actuarial Association, effective from 1 January 2014.  He is expected to become President in 2015.

The International Actuarial Association (IAA) is the worldwide association of professional actuarial associations.

Elected in Singapore on 13 October by delegates of the IAA’s 64 Full Member associations across 82 countries, Mr Rowley is the second Australian to ever be elected to the position. As an Officer of the IAA, Mr Rowley will be responsible for leading the global direction of the actuarial profession and for promoting its role, reputation and recognition in the international domain.

Currently Chief Actuary at TAL Life Ltd in Sydney, Mr Rowley has been an active member of the Actuaries Institute for more than 15 years and continues to provide valuable insights and thought leadership in risk management, with emphasis on financial risks and corporate finance.

Commenting on Mr Rowley’s IAA appointment, the Australian Institute’s current President, John Newman, said Mr Rowley was an inspiration for actuaries of all generations.

“Fred takes it upon himself to do his utmost to advance the actuarial profession across the board, and his election as President-elect of the IAA recognises this. On behalf of the Actuaries Institute, I would like to congratulate Fred on this outstanding achievement and for his significant contributions to the profession both in Australia and on the global stage,” Mr Newman said.

Rowley’s leadership responsible for enhanced actuarial accreditations and standards

The IAA appointment adds to Mr Rowley’s impressive lineup of existing achievements and international accolades. He was awarded an Honorary Fellowship of the Faculty of Actuaries in Scotland in 2009 for his services to the actuarial profession internationally. This award recognised his leadership in the creation of a global credential in Enterprise Risk Management (CERA), and the formation of the CERA Global Association, of which he was Chair from 2009 to 2012.

In 2010 he was honoured with the Society of Actuaries (SOA) Presidential Award and named Australian Actuary of the Year for his work in uniting fourteen IAA member associations to create the global CERA credential and for his dedication to advancing the actuarial profession.

“To maintain the profession’s established position of thought-leadership over a widening range of practice areas, it is vital to continually renew our skillsets and the techniques that underpin the value of the services we provide,” Mr Rowley said.  “The financial world continues to evolve rapidly, and the momentum towards common standards for risk and capital management, as well as for financial reporting, is accelerating.  As President-elect, one of my key goals for the year ahead will be to ensure that the actuarial profession is fully engaged with the right bodies around the world, and that its role and contribution are fully recognised in the international domain.”

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