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LATVIAN ACTUARIAL ASSOCIATION

Gaida Pettere LATVIA. LATVIAN ACTUARIAL ASSOCIATION. Sixth International Professional Meeting of Leaders of the Actuarial Profession in Central and Eastern Europe 22-24 April, 2004. LATVIA. Capital : Riga T erritory : 64.6 square km Highest point : Gaizinkalns 311.6 m

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LATVIAN ACTUARIAL ASSOCIATION

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  1. Gaida Pettere LATVIA LATVIAN ACTUARIAL ASSOCIATION Sixth International Professional Meeting of Leaders of the Actuarial Profession in Central and Eastern Europe 22-24 April, 2004

  2. LATVIA Capital: Riga Territory: 64.6 square km Highest point: Gaizinkalns 311.6 m Longest river: Daugava 1005 km, 352 km in Latvia Population: 2 331 thousands, 788 thousands in cities GDP at current prices: 8910 mln EUR Consumer Price Changes: 2.5% in 2001, 1.9% in 2002 Insurance Companies: 20 (6 life, 14 non-life)

  3. Founded on September 3, 1997 Board: Gaida Pettere, Docent, RTU, Chairman of LaAA Kristine Lomanovska, Chairman of board, AAS Sampo Dzīvība Elina Tilta-Gerika, Actuary, AAS Balta Dzīvība Dina Miķelsone, Head of Insurance Division, FKTK Jānis Bokāns, Director, LU, Faculty of Philosophy Irina Voronova, Docent, RTU Anris Barlots, Director General, PAS Helga

  4. WE ARE: Members 19 Full members or fellows 17 Associates 2 Candidates of members 15

  5. FIELDS of ACTIVITY: Life Insurance companies 7 Health Insurance companies 1 General Insurance companies 8 Pension scheme - Education 6 Supervision Inspectorate 2 Other 2 TOTAL 26

  6. CONDUCT STANDARDS: Code of Ethics Disciplinary Standards Professional Standards Life Insurance General Insurance Health Insurance Investment

  7. Membership: Observed members of the Groupe of Cosultatif from 8 October 1999 2. Full members of the International Actuarial Association from 17 May 2003

  8. In accordance with Statutes the main tasks are: to favour development of the actuarial science, practice and education in Latvia, to favour the professional further education of the actuaries, to elaborate and to maintain the Professional Code of Ethics of actuaries and to ensure the fulfilment of its norms, to be aware of, represent and protect the professional interest of the actuaries, to get involved and to operate in the sphere of the actuarial science in the world and to represent the interest of the Latvian actuaries abroad.

  9. EDUCATION STRATEGY New from 2004: accepted by board, follows to Groupe Consultatif Core Syllabus for Actuarial Training in Europe

  10. CPD • “Actuarial Management Courses” in Tallinn Health insurance in 2001 General insurance in 2002 Pensions in 2002 • Solvency and Professionalism seminars in Tallinn 26th and 27th March 2004 • “Topical Actuarial Issues” in Prague 1stand 2nd April 2004

  11. SCIENTIFIC JOB • 1.J. Krumins, I. Krumina, K. Lomanovska, G. PettereMortality and Life Expectancy Trends During The 1990ies and Calculations of Projected Life Expectancy at Retirement: Case Latvia, Latvijas Universitātes Zinātniskie raksti 636, Ekonomikas un vadības zinību attīstības problēmas, II, University of Latvia, Riga 2001, p 182-187 • 2. J. Bokans Key developments in Private Pension System in Latvia, http://www.oecdconference.org/Presentations/Janis%20 Bokans.ppt • 3. G. Pettere. Latvian Actuarial Association in the Change of Centuries,Transactions of the 27th International Congress of Actuaries, March 2002,Cancun, Mexico. Cancun, 2002. Vol 1, p 161-173.

  12. 4. G. Pettere. Mortality Research in Latvia. Transactions of the 27th International Congress of Actuaries, March 2002, Cancun, Mexico. Cancun, 2002. Vol 7, p 109-128. 5. G. Pettere, E Tilta. Health Insurance in Latvia. Transactions of the 27thInternational Congress of Actuaries, March 2002, Cancun, Mexico. Cancun,2002. Vol 1, p 435-438. 6. G. Pettere The Three Levels of Pension Reform in Latvia, Humanities and Social Sciences Latvia, Demographic Development in Latvia, 2(35)/2002, University of Latvia, p. 127-138. 7. G. Pettere Survival Analysis of Latvian Inhabitants Using Tchebychev’s Polynomials,Acta Applicandae Mathematicae, An International Survey Journal on Applying Mathematics and Mathematical Applications, Vol. 79, Nos. 1-2, October/November 2003, Kluwer Academic Publishers, Netherlands 2003, p 69-81

  13. 9. J. Bokans Pensions summary: Latvia. Pensions summary: Lithuania. Pensions summary: Estonia, European Actuarial Consultancy Services (EURACS), 2003, http://www.euracs.com • 10. J. Bokans The development of the life insurance sector in the Baltic countries, OECD, 2003. • 10. G. Pettere, J. Bokans Role of Actuary in National Economy and Perspectives of Actuarial Education in Latvia , Qualitative Growth of Institutions of Higher Education and its Impact on the Development of Science and Economy, International Scientific Conference, Proceedings, Riga, 2002, p. 183-188.

  14. Conferences and Congresses • 2000 - Conference “ Actuarial and Financial Mathematics “ 27 – 29, June, 2000, Minsk, Belarussia • 2001 – Conference “European Population Conference 2001”, Helsinki, Finland 7-9 June, 2001 • 2002 – Congress “The 27th International Congress of Actuaries”,March 2002, Cancun, Mexico • 2002 – Conference “8th International Vilnius Conference on Probability Theory and Mathematical Statistics”, June 23-29, 2002, Vilnius, Lithuania • 2002- Conference “Qualitative Growth of Institutions of Higher Education and its Impact on the Development of Science and Economy”, International Scientific Conference, Riga, Latvia, 2002 • 2003- Conference “European Population Conference 2003”, 26-30 August, 2003, Warsaw, Poland

  15. Etienne Laspeyres (1834-1913) • 1869 – Riga Polytechnic School, now Riga Technical University • 1869-1873 Tartu University, Professor of Geography, Ethnography and Statistics

  16. Riga Technical University: • Latvian Actuarial Association • The Third International Professional Meeting of the Actuarial Profession in Central and Eastern Europe from 5thto 7th September 1998. • Examination centre RIGA of Institute of Actuaries

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