SAA
The Swiss Association of Actuaries
The SAA is the professional association of Swiss actuaries and its purpose is to promote actuarial mathematics and related fields such as financial mathematics, data science and enterprise risk management, their expert application and the representation of the actuarial profession.
Purpose of the association
Why an SAA?
The SAA represents the interests of actuaries and promotes the further development of actuarial mathematics and related specialist areas such as financial mathematics, data science and enterprise risk management. It ensures high professional quality through recommendations, training standards and scientific publications. It also defines professional rules and monitors compliance with them, participates in political and economic decisions, contributes actuarial expertise and maintains relationships with universities and relevant institutions. It also organizes specialist examinations and ensures that funds are used for the intended purpose.
The profession of actuaries
Why do we need actuaries?
Insurance and financial risks are the core business of actuaries. Both the financial and insurance business are essentially random and uncertain in nature (claims frequencies, claims expenses, interest rates, equity and bond returns, etc.). Actuaries make the associated risks calculable.
This requires in-depth knowledge of stochastics (probability theory, mathematical statistics, mathematical financial theory, data science, etc.). The main tasks are pricing, reserving, reporting, asset liability management (ALM) and enterprise risk management (ERM).
International
SAA global
Since its foundation in 1905, the Swiss Association of Actuaries has played a not insignificant role at international level. The international relations of Swiss actuaries can look back on a long tradition.
Organization
The SAA organization chart
The Board of the SAA consists of 14 members and is responsible for the strategic management and further development of the association. Its tasks include the promotion of the actuarial profession and the monitoring of standards. The office takes care of day-to-day operations, while commissions, specialist and working groups deal with topics such as education and training, accounting, sustainability, data science and international networking. All areas work together to represent the interests of the members and ensure the high standards of the profession.
OFFICIAL ASSOCIATION PUBLICATION
