06/12/2024

Celebrating the Success of the Inaugural IFoA India Conference 2024

Celebrating the Success of the Inaugural IFoA India Conference 2024 We are delighted to celebrate the remarkable success of the IFoA India Conference 2024, held from 29 November to 1 December at the elegant Hotel Andaz in New Delhi.

Centred around the theme Actuaries of the Future, this landmark event underscored a significant milestone for the actuarial profession in India and across the South Asia region.

With over 500 participants, the conference brought together CXOs, CEOs, senior actuaries, university leaders, actuarial professionals and students from India, the UK, Sri Lanka, Nepal, and other South Asian countries.

This diverse representation highlighted the profession’s growing global relevance and impact.

A Platform for Visionary Discussions

The event opened with an inspiring keynote by Dr Arvind Virmani, a Member of NITI Aayog, who explored India’s economic trajectory and opportunities for young professionals. IFoA President Kartina Tahir Thomson and IAI President Preeti Chandrashekhar delivered presidential addresses that emphasised the actuarial profession's evolving role in addressing global challenges.
Dynamic panel discussions covered pivotal topics such as:

  • Actuary as a Leader: Skills, strategies, and success stories.
  • Understanding the Shifting Sands: Evolving global insurance regulations.
  • Transforming BFSI: The impact of AI on Banking, Financial Services, and Insurance.
  • Driving Innovation in Insurtech: Opportunities and challenges.
  • Bridging the Skills Gap: Strengthening collaboration between academia and industry.

Workshops and knowledge sharing

Participants engaged in 15 specialised workshops exploring critical areas like Explainable AI, climate risk, IFRS 17, and actuarial leadership in the financial sector. From sessions on asset modelling to discussions on India’s social security systems, the conference catered to professionals across various actuarial domains.

Empowering the next generation

A highlight was the Actuarial Innovation Challenge 2024, conducted in partnership with IAQS. With 157 registrations, the competition culminated in an exciting grand finale featuring 23 semi-finalists and 10 finalists, including five teams from Nepal.

The conference also included a student showcase to foster employer-student networking and a plenary session addressing the skills gap between academia and industry.

Read more: Empowering actuaries of tomorrow at IFoA India Conference

Celebrating achievements

A special felicitation ceremony honoured 155 new qualifiers, alongside the winners of the Actuarial Innovation Challenge. The contributions of committee members, led by Akshay Dhand, Appointed Actuary, Canara HSBC, were also acknowledged.

A collaborative effort

The success of the IFoA India Conference 2024 would not have been possible without the generous support of our sponsors. Special thanks go to Swiss Re (Platinum), EY (Diamond), Allianz, IAI, and KA Pandit (Silver) sponsors. Knowledge partners Actex Learning and IAQS, along with supporters Accenture, Marsh McLennan, MetLife, and RSA played pivotal roles in the event’s achievements.

Looking ahead

This inaugural conference laid a strong foundation for growth, innovation, and collaboration in the actuarial profession in India. Key discussions on AI, climate risk, IFRS 17, and global insurance regulations showcased the profession’s expanding horizons.

We are encouraged by the positive feedback and believe together; we can continue to advance the actuarial profession and empower the Actuaries of the Future.

Find more about future events and networking opportunities. We look forward to welcoming you to the IFoA India Conference 2025.

View our events calendar

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