The Institute of Actuaries of India (IAI) is the premier professional body for actuaries in India. It held its 24th Annual Global Conference of Actuaries with the theme ‘Actuarial Excellence in the Age of Disruption’ at The Westin, Mumbai on 18 & 19 March 2025. The conference is a key platform for professionals from the insurance, pension, and financial sectors, allowing organizations to engage with key players in the industry and foster relationships and collaboration opportunities. The conference drew dozens of speakers and hundreds of delegates.
Sunil Sharma, Chairperson, GCA, and Preeti Chandrashekhar, President, IAI, started the conference and welcomed the delegates. Shri M. Nagaraju, IAS, Secretary, Department of Financial Services, Dr Deepak Mohanty, Chairperson PFRDA and Siddartha Mohanty, CEO & MD of LIC of India, gave the keynote addresses. The sessions covered current issues defining the future of the profession, such as
- Role of Reinsurance – Insurance for All by 2047
- Demystifying RBC & Capital Efficiency
- AI at Crossroads: Tackling Emerging Cyber Threats in Financial Services
These sessions provided significant insights into industry trends, challenges, and opportunities.
Inaugurating the conference, Nagaraju said: “The actuarial profession is a key pillar in providing necessary protection as India moves towards becoming the world’s third-largest economy by 2027. It plays a crucial role in risk assessment and mitigation within a government-provided framework and backup.”
Sunil Sharma explained: “This year’s theme captures the transformative period we are experiencing. As new challenges and emerging technology redefine our profession, actuaries have a special chance to pioneer in data analytics, risk management, and strategic insight, encouraging growth and societal advancement.
Preeti Chandrashekhar added: “We are at a confluence or Triveni Sangam of Innovation, Collaboration and Value Creation for a sustainable growth of the profession. The theme, ‘Actuarial Excellence in the Age of Disruption,’ underlines the call for actuaries to act in a rapidly changing world driven by technology, climate change, and changing financial systems. This conference discusses how actuaries can thrive in risk management, data analytics, and sustainable financial practices.”
Key highlights of the conference included thought-provoking sessions by policymakers and global experts, panel discussions on actuarial advancements, risk management, and finance, networking opportunities with industry leaders and business partners, and, most importantly, exclusive insights into emerging trends and regulatory developments.
The GCA has been and remains a critical event to promote the profession’s reputation, international cooperation, and strategic visibility to the top industry stakeholders. The conference discussions surrounding the future technologies, risk, and sustainability reinforce the profession’s fundamental role in shaping the global financial services future.
