Activities in Japan

The IAJ provides assistance and advice to government agencies, analyzing and suggesting solutions to insurance public policy and the social security system. Financial Services Agency (FSA) designates the IAJ as "Designated Association" that develops professionals in actuarial science area and performs actuarial services such as setting the basis for calculating the amount of the policy reserve.

FSA certified the "Standard of Practice for appointed actuary in life insurance companies" and the "Standard of Practice for appointed actuary in non-life insurance companies" prepared by the IAJ as the official standards for an appointed actuary when reviewing policy reserves. The IAJ also established the "Standards of Practice for retirement benefit accounting" jointly with the Japanese Society of Certified Pension Actuaries.

Leveraging its unique position, the IAJ organizes various training sessions and research groups to provide opportunities for members to further the personal professional development as well as provide a forum for members to inspire each other. In each research groups, active studies are conducted on insurance, pensions and the other topic, and the research results are widely presented.

Annual Meeting

Every autumn, hosts two-day Annual Conference as a forum for members to present the recent research efforts. It is a grand scale conference participated by high officials of FSA, and Ministry of Health, Labour and Welfare, representatives of supporting organizations, and a number of guests including those from overseas.

IT Annual Meeting

Every autumn, hosts two-days session as a forum to share the latest cases of system development projects and review new business models leveraging IT . Formed by mainly young actuaries who engage in IT areas, participants inspire each other through sharing the high quality research work supported by experts in other industries.

Regular Meeting

Several times a year, hosts lectures under diverse themes in the actuarial areas. To deliver focused and practical programs, invite lecturers who have abundant knowledge and experience in various fronts.

Seminar

Organizes a forum for members to inspire each other and to further professional knowledge and technical competency as actuaries. Facilitates the meeting by participants' presentation and discussion on the latest development such as Mark- to- Market Accounting and Mathematical Finance, and other practical topics.

Qualifying Examinations

Administers annual qualifying examinations in December in Tokyo and Osaka. In 2007, the primary examination was conducted on total exam subjects of 3,333, of which 1,172 were passed. The secondary exam was conducted on total exam subjects of 501, of which 96 subjects were passed, and 46 individuals passed all subjects. For more information about qualification exam, please refer to this page.

Study Courses

In order to develop young actuaries, the IAJ offers "Basic Classes (8 months)" mainly for candidates for the actuary examination, and "Intermediate Classes (3 months)" for individuals who completed the basic course. Invites prominent actuaries in various circles and university professors to lecture Stochastic and Statistical theory, etc., in the basic course, and financial management of the insurance company and the theory of population, etc., in the intermediate Classes.

Professionalism Course

Educates "Professionalism as an Actuary" in compliance with the educational guidelines prepared by the International Actuarial Association (IAA) to accredit international actuary qualifications.

Research Groups

Today, there are various research groups within the IAJ that are each conducting energetic activities.

Joint Industry-Academic Project

Dispatches lecturers to Kyoto University, Osaka University and Nihon University, and coordinates joint study in collaboration with universities, research institutes and academic organization. As part of such activities, "The Japanese Association of Risk, Insurance and Pensions" was formed in November 2003.