June,2013 - March,2016
Greetings from the new President
The Institute of Actuaries of Japan
At a meeting of the Board of Directors held on June 11, 2013, I was appointed, by resolution, as the President of the IAJ and on the same day, assumed that position. At this occasion, I wish to extend my cordial greetings to all members of the IAJ.
First of all, I would like to extend my gratitude to the former President Mr. Noro for his great contribution to the development of the IAJ and increased presence of actuaries. His contribution to the IAJ during his service as the President was made possible by his strong leadership in carrying out various tasks, such as "conducting research and presenting proposals concerning the economic value-based solvency regime," "improving the system to cultivate ERM (enterprise risk management) professionals," and "making the transition of the IAJ to a public-interest incorporated association." The IAJ is pleased to have the former President Mr. Noro as its Chairman and to have his continuous guidance on the general affairs of the IAJ.
Amid the advance in the economic globalization, risks surrounding the society and economy are becoming increasingly diversified and complex. As a result, regulations are becoming tighter and accounting standards are being reviewed, which is, without doubt, creating future uncertainty.
I believe that precisely because we are in a period of such high uncertainty, the role that we actuaries should play is greatly expanding.
- Following the trends in reviewing the global economic value-based solvency regime and accounting standards, and playing the core role in reviewing Japanese standards and practice;
- Amid calls for improvement and advancement of ERM system, facilitating the gradual increase of public awareness of CERA qualifications and diffusion of ideas concerning ERM and conducting research and study, by which enabling actuaries to perform their functions to the fullest extent using their skills and experiences; and
- Accurately responding to environmental changes surrounding actuaries and conducting a study toward enhancement of examination and educational systems from the standpoint of the maintenance and improvement of high quality of actuaries as professionals.
Furthermore, as the IAJ made the transition to a public-interest incorporated association as of April 1, 2013, the IAJ intends to strengthen its position as a public-interest incorporated association, enhance and develop its activities such as research and survey, human resource cultivation and education, and qualification, in consideration of its task to serve the public interest, including the aforementioned activities so as to contribute to the achievement of its goal, namely "the stability of citizens' lives and the sound development of the national economy."
The IAJ is operated primarily through activities carried out by committees, divisions and other organizational units. However, its members' positive volunteerism forms the backbone of the IAJ. I am committed to exert myself to the utmost for the development of the IAJ and the actuarial science and the increasing presence of actuaries. I therefore seek understanding, support and cooperation of members.
Finally, I wish all our members' continued good health and success.