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The IAA is the continuation of the Comité Permanent des Congrès d’Actuaires, established in 1895, as an association of individuals.It was renamed the IAA in 1968. At the 26th International Congress of Actuaries, held in Birmingham on 7–12 June 1998, the General Assembly of the International Actuarial Association restructured itself.
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The IAA, states Jones, had over 5,300 individual members and 97 corporate members in 95 countries by 1999. A majority of its membership is from the developed economies, the second largest group of members were from Asia and Pacific region, while the Middle East, Africa and Latin America accounted for the remaining. [3]
The Canadian Association of Actuaries was established October 8, 1946, and included all members of the Actuaries Clubs of Toronto and Winnipeg as well as a group of Montreal actuaries. This was the organization that formed the membership basis of the CIA when it was established by an Act of Parliament [1] on March 18, 1965.
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One other notable event at the GC is the "International Party". At this party, every member country brings a national dish, drinks and clothes. The international work is funded by member fees based on GDP per capita and the number of students sent abroad and is paid by the National Committees.