CIA (e)Bulletin/(e)Bulletin de l'ICA
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June 2016

IAA Hears Boris Kashin Discuss How Russian Legislation Deals with Actuarial Matters

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Boris Kashin, Member of the State Duma and the Russian Academy of Sciences, and a representative of the Actuarial Council of the Central Bank of Russia, addressed International Actuarial Association (IAA) delegates on how actuarial matters are dealt with in Russian legislation. The IAA council and committee meetings were held in St. Petersburg, Russia, May 25–29, at the invitation of the Russian Guild of Actuaries, one of the IAA’s 68 full member associations.

Mr. Kashin’s presentation described how the role of the actuarial profession is defined in the Russian legislation. He went on to pose several questions about how best to define in law the key concepts of actuarial practice, while allowing for varying requirements in terms of both the precision and effectiveness of the definitions, and the technicalities of the law-making process.

In 2014, Mr. Kashin was influential in the adoption of a general law for actuarial services in the Russian financial market. Also in 2014, he visited Ottawa and met with then CIA President Jacques Lafrance and Dave Pelletier, who was Chair of the IAA Actuarial Standards Committee at that time.


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