Actuaries in Mexico Organize Biennial Congress

The Asociacion Mexicana de Actuarios (AMA) conducted its biennial scientific Congress September 21-24 in Veracruz, on Mexico's southern Gulf Coast. The program provided tracks for life, pension, health, and property/casualty actuaries.

Topics of particular interest to property/casualty actuaries included enterprise risk management, loss reserving, predictive modeling, credibility, and reinsurance. Other general sessions provided updates on international accounting and actuarial standards, and a challenging discussion of ethics.

The Congress provided a substantive opportunity for Mexican actuaries to accumulate credits towards the new continuing education requirements adopted by the Mexican actuarial profession, under which actuaries rendering statements of actuarial opinion must complete a number of hours of continuing education, including hours of organized activities (such as seminars) per year. The organized activities must include a testing process to validate that the actuary absorbed key learnings from the seminars.

Speakers at the Congress included several CAS members and Affiliates-Alejandra Nolibos and Eduardo Esteva, who both spoke on loss reserving, and Bob Conger, who spoke on predictive modeling. The program included various other speakers from the international and Mexican insurance communities. Esteva chaired the meeting's scientific program.

The mission of the AMA is to promote, spread, and participate in the development of the actuarial profession to the national level and assure its public recognition and significance through high ethical values and technical knowledge.