Insurance Expansion Initiative (IAI) spotlights Indian Government's "Insurance for All by 2047" plan at its 24th annual international gathering

Insurance Expansion Initiative (IAI) spotlights Indian Government's "Insurance for All by 2047" plan at its 24th annual international gathering

In the bustling city of Mumbai, from the 18th to the 19th of March, 2025, the 24th Annual Global Conference of Actuaries (GCA) took place at The Westin, marking a significant gathering of professionals from the insurance, pension, and financial sectors.

Organised by the Institute of Actuaries of India (IAI), the premier professional body for actuaries in India, this event served as a key platform for networking with industry leaders and business partners, as well as a chance to learn from exclusive insights into emerging trends and regulatory developments.

The conference theme, "Actuarial Excellence in the Age of Disruption", aptly reflected the transformative period the profession is experiencing. Sunil Sharma, GCA Chairperson, opened the conference with a speech that highlighted this transformation.

Shri M. Nagaraju, IAS, Secretary, Department of Financial Services, inaugurated the conference with a keynote address, setting the tone for the discussions that followed. Dr Deepak Mohanty, Chairperson PFRDA, and Mr Siddartha Mohanty, CEO and MD of LIC of India, also delivered keynote addresses, sharing their insights on the industry's future.

The conference discussions focused on the future of technologies, risk, and sustainability in the financial services industry. Sessions such as "Role of Reinsurance - Insurance for All by 2047," "Demystifying RBC & Capital Efficiency," and "AI at Crossroads: Tackling Emerging Cyber Threats in Financial Services" delved into current issues defining the future of the profession.

IAI, committed to ensuring excellence in risk management, insurance, pensions, and financial planning, upholds the integrity of the actuarial profession through ethical standards. The organisation also offers continuous learning opportunities to its members and provides a globally recognized qualification pathway for actuaries.

The conference reinforced the role of actuaries in shaping the global financial services future. IAI President Preeti Chandrashekhar stated that the conference discussions focused on how actuaries can thrive in risk management, data analytics, and sustainable financial practices.

In collaboration with regulators, financial institutions, and international actuarial bodies, IAI drives innovation in actuarial education and practice in India. The conference provided a platform for professionals to engage with these partners, fostering collaboration and progress in the industry.

The GCA conference is not just a meeting of minds; it's a testament to the resilience and adaptability of the actuarial profession in the face of disruption. As the industry continues to evolve, the conference serves as a beacon of hope, guiding professionals towards a future of excellence and innovation.

Read also:

• Deepwater Horizon Oil Spill: BP Faces Record-Breaking Settlement - Dubbed 'Largest Environmental Fine Ever Imposed'
• Historic downtown temples to receive restoration funds totaling over 25 million pesos
• Cars' Environmental Impact Explained
• Lawsuit of Phenomenal Magnitude: FIFA under threat due to Diarra's verdict, accused of player injustice