Introduction

The Institute of Actuaries of India (IAI), the statutory body established under the Actuaries Act, 2006, unveiled a series of initiatives on August 24 aimed at strengthening the actuarial profession and enhancing engagement with students, professionals, industry, policymakers and the wider public. The announcements were made as part of Actuaries Day 2026 during an event at the Courtyard by Marriott Mumbai International Airport.

Event Highlights

Dr. Debasish Prusty, Additional Secretary of the Department of Financial Services (DFS), Ministry of Finance, served as the chief guest. Also present were Ms. Preeti Chandrashekhar, President of the IAI; Vice President Anurag Rastogi; Ms. Asha Murali, Honorary Secretary; Mr. Mike Lombardi, President of the International Actuarial Association (IAA); and Kartikey Kandoi, FIAI, FIA, FCA.

Speaking at the event, Ms. Chandrashekhar said: "As India expands its safety nets and seeks long-term fiscal and financial sustainability, actuarial expertise becomes central to informed decision-making and public trust. Actuaries operate at the intersection of economics, finance, demography, and risk. We shape frameworks that protect livelihoods, strengthen institutions, and advance India's journey toward Viksit Bharat 2047 since today's progress should not become tomorrow's vulnerability. One profession that truly holds endless possibilities and infinite impact."

The IAI functions under the administrative aegis of the Department of Financial Services, Ministry of Finance, Government of India, and is responsible for actuarial education, examinations, professional standards and conduct.

New Initiatives

As part of the celebrations, the IAI launched its Brand Bible, establishing a unified framework for the Institute's identity, messaging and communication. The Brand Bible brings together the principles and standards that will guide how IAI presents itself consistently across its stakeholders and communication platforms.

The Institute also signed a Memorandum of Understanding (MoU) with Bhimtech to strengthen collaboration and knowledge exchange in the emerging areas of carbon markets and carbon credits. Additionally, the IAI launched its Job Portal, a dedicated platform designed to connect actuarial professionals and talent with relevant career opportunities, while strengthening engagement between employers and the actuarial community.

26th GCA & AGFA Announcement

The IAI announced the 26th Global Conference of Actuaries (GCA) & Actuarial Global Forum of Actuaries (AGFA), which will bring together actuarial professionals, policymakers, industry leaders and global experts to discuss emerging trends, risks and opportunities shaping the profession and the wider financial ecosystem. The conference is expected to serve as a key platform for dialogue and collaboration in the actuarial field.

The initiatives reflect the IAI's commitment to fostering growth and innovation within the profession, aligning with India's broader goals of economic resilience and sustainable development.