Latvian Actuarial Association
Encyclopedia
The Latvian Actuarial Association (LAA) is the association of actuaries
Actuary
An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries provide expert assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms ....

 in Latvia
Latvia
Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...

. The Association was established in 1997. It is a full member of the International Actuarial Association
International Actuarial Association
The International Actuarial Association is a worldwide association of local professional actuarial associations and their 64,000-odd fellows.-History:...

 and the Groupe Consultatif. As of 2008, the Association has about 40 members, 19 of them fully qualified. Current chairman of the Association is Gaida Pettere.

History

The Association was founded on 3 September 1997. It aims to develop actuarial science, education and practice in Latvia.

The Association represents Latvian actuaries in international actuarial bodies. In 2003, it became a full member of the International Actuarial Association
International Actuarial Association
The International Actuarial Association is a worldwide association of local professional actuarial associations and their 64,000-odd fellows.-History:...

, and after the country's accession to the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...

 in 2004, the Association has also become a full member of the Groupe Consultatif.

Membership

The Latvian Actuarial Association offers three types of membership:
  • Candidate
  • Associate
  • Fellow


As of 2008, the Association has about 40 members. 19 of them are fully qualified.
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