Page 13 - Turkinsurance Digital Magazine

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Actuarial training standards in

Turkey progress in parallel with the

international standards

Orhun Emre Çelik, Chairman of the Actuarial Society of Turkey: “We became a full

member of International Actuarial Association in 2016, and aim to become a full
member of Actuarial Association of Europe next year.”

Since when has the Actuarial Society been operating in sense, actuarial studies constitute the backbone of insurance
Turkey? Could you inform us about your fields of activity? business. An insurance company that fails to keep the actuarial
basis of its business robust can not survive within today’s in-
Our society was founded in 1951 with 12 founding members un- creasingly competitive business environment.
der the name “Turkish Actuarial Community (Türkiye Aktüerler
Cemiyeti)”. It was closed for a brief time in 1980 and restarted Therefore, actuaries ensure that insurance products are offered
its activities in 1981 under the leadership of Prof. Dr. Kenan to consumers with accurate premiums through their pricing ac-
Ural with the name “Actuarial Society (Aktüerler Derneği)”. tivities, while providing insurance companies with a safe journey
The purpose of our society is written in our bylaws as expand- towards the future by helping them estimate their liabilities accu-
ing the actuarial profession, contributing to the development of rately through their reserve studies. They also provide guidance
actuarial sciences in Turkey, increasing the know-how of the for risks unassociated with insurance by aiding risk management
members of our profession, protecting their interests, ensuring activities on a corporate level.
their cooperation with each other and helping them resolve their
conflicts fairly; while supporting the professional development of
students studying actuarial sciences, conducting and encourag-
ing researches and analyses about the actuarial field, and helping
real and legal entities, judicial and other official bodies in ful-
filling their actuarial requirements. We conduct many different
activities within the framework of these purposes. We support
academic articles, researches and analyses; collect documents
and records; organize conferences, seminars, and conventions
regarding the field of actuary. We attend to professional meet-
ings organized in Turkey and other countries, while establishing
communication and cooperation with national and international
organizations. We became a full member of International Actu-
arial Association in 2016, and aim to become a full member of
Actuarial Association of Europe next year.

How do you evaluate the importance of actuarial profes-
sion in insurance business? How do actuaries contribute to
the insurance market?

Actuary is a profession that establishes models and determines
the risks about all manner of circumstances influencing the life
and properties of people, estimates the financial impacts of those
risks, and finding alternatives in order to avoid them. In this