LATVIAN ACTUARIAL ASSOCIATION

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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
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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)
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Founded on September 3, 1997

• Board
• Gaida Pettere, Docent, RTU, Chairman of LaAA
• Kristine Lomanovska, Chairman of board, AAS Sampo
  Dziviba
• Elina Tilta-Gerika, Actuary, AAS Balta Dziviba
• Dina Mikelsone, Head of Insurance Division, FKTK
• Janis Bokans, Director, LU, Faculty of Philosophy
• Irina Voronova, Docent, RTU
• Anris Barlots, Director General, PAS Helga

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WE ARE

• Members 19
• Full members or fellows 17
• Associates 2
• Candidates of members 15

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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

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CONDUCT STANDARDS

• Code of Ethics
• Disciplinary Standards
• Professional Standards
• Life Insurance
• General Insurance
• Health Insurance
• Investment

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Membership

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

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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.

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EDUCATION STRATEGY

• New from 2004
• accepted by board,
• follows to Groupe Consultatif Core Syllabus
  for Actuarial Training in Europe

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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 1st and 2nd
  April 2004

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SCIENTIFIC JOB

• 1.J. Krumins, I. Krumina, K. Lomanovska, G.
  Pettere Mortality and Life Expectancy Trends
  During The 1990ies and Calculations of Projected
  Life Expectancy at Retirement Case Latvia,
  Latvijas Universitates Zinatniskie raksti 636,
  Ekonomikas un vadibas zinibu attistibas
  problemas, II, University of Latvia, Riga 2001, p
  182-187
• 2. J. Bokans Key developments in Private Pension
  System in Latvia, http//www.oecdconference.org/Pr
  esentations/Janis20 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.

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• 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 27th International
  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 Tchebychevs 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  

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• 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.

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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

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Etienne Laspeyres (1834-1913)

• 1869 Riga Polytechnic School, now Riga
  Technical University
• 1869-1873 Tartu University,
• Professor of Geography, Ethnography and
  Statistics

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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