What Is the American Academy of Actuaries?

Actuaries apply mathematical analysis to business problems.

The American Academy of Actuaries is a professional organization of actuaries in the United States. The Academy includes actuaries from every field and industry throughout the country.

History

The American Academy of Actuaries was founded in 1965 and established a headquarters in Washington, D.C.

Mission

According to the Academy's mission statement, its purpose is, in part, to provide "independent and objective actuarial information, analysis and education for the formation of sound public policy."

Professionalism

The Academy created the Actuarial Standards Board to oversee the quality of actuarial practices. The Actuarial Standards Board publishes guidance to ensure actuaries provide truthful and dependable work.

Ethics

The Code of Professional Conduct establishes ethical standards for actuaries who are members of the American Academy of Actuaries. The code also provides for disciplinary action against actuaries who fail to uphold these standards.

Membership

Membership is open to actuarial professionals who are members of some of the leading actuarial organizations throughout North America and Great Britain. These include the Casualty Actuarial Society, Faculty of Actuaries in Scotland, Institute of Actuaries in Great Britain, the Colegio Nacional de Actuarios in Mexico and the Canadian Institute of Actuaries.

References

• American Academy of Actuaries: Mission and Strategic Plan
• American Academy of Actuaries: Code of Professional Conduct
• American Academy of Actuaries: About the AAA

Resources

• Actuarial Standards Board: About the Standards of Practice