This English translation of “2018 Annual Report” of the Institute of Actuaries of Japan is
an unofficial translation. Only its original Japanese texts have effect, and the translation is
to be used solely as reference material to aid in the understanding of the original one.
この「2018 年度事業報告」の翻訳は公定訳ではありません。効力を有するのは日本語の資料であり、翻訳はあくまでその理解を助けるための参考資料です。

2018 Annual Report
From April 1, 2018 to March 31, 2019

1. Matters concerning Annual General Meeting of Members
The General Meeting of Members was held on June 19, 2018 at the main conference room of theInstitute of Actuaries of Japan, and“Report on a summary of business activities in 2017”
was presented, and the following proposal was put before the meeting and approved as proposed:
Item 1: 2017 Approval of a Balance Sheet and Net Assets Variation Statement as well as
Inventory of Properties
2. Movement of members
Movements of members during the current year were as follows: for corporate members, 2 members
were newly admitted; for individual members, 293 members were newly admitted, and 240 members
withdrew from the IAJ. The number of members as of the end of March 2019 is as shown in the tablebelow.
Fellows
Associates
Students
Semi-total
Corporate members
Total

1,762
1,334
2,074
5,170
109
5,279

persons
persons
persons
persons
corporations
persons/corporations

3. Business report[A. Related to examination](A1) Implementation of qualification examination
A 3-day qualification examination was held from December 10 to 12, 2018 in Tokyo (at TOC
Gotanda) and Osaka (at Temma Training Center) and the successful examinees were announced on
February 14, 2019.
The total number of examination subjects for the primary examination was 3,741 subjects and thetotal number of subjects passed was 681 subjects. There were 133 examinees who passed all basic
subjects.
Primary examination（Basic subjects）

Mathematics

Life Insurance
Mathematics

Non-life
Insurance
Mathematics

PensionMathematics

Number of examinees

1,139

719

652

542

689

Number of successful examinees

148

92

153

191

97

Passing Rates

13.0％

12.8％

23.5％

35.2％

14.1％

1

Accounting,Economics andInvestment Theory

The total number of examination subjects for the secondary examination was 1,191 subjects andthe total number of subjects passed was 168 subjects. There were 83 examinees who passed all thesubjects.
Secondary examination（Advanced subject）

Life Insurance
１

Life Insurance２

Number of examinees

360

347

157

131

85

111

Number of successful
examinees

53

47

17

20

12

19

14.7％

13.5％

10.8％

15.3％

14.1％

17.1％

Passing Rates

Non-life
Insurance１

Non-life
Insurance２

Pension１

Pension２(A2) Implementation of CERA examination
The CERA examination was held on September 20, 2018 in Tokyo (at TKP Tokyo Station
Nihonbashi Conference Center) and the successful examinees were announced on January 21,
2019. There were 45 examinees and 9 examinees passed the examination (Passing Rates 20 %).
(A3) Revision of textbooks① In October 2018, the main items of “Non-life Insurance” to be revised in the future wereannounced on the HP due to legal amendments and errors in the description.
② In February 2019, “Pension” was revised and revisions such as defined benefit corporate
pension and defined contribution pension law were reflected.
[B. Related to education, training and research presentation](B1) Implementation of actuary courses
The actuary courses were offered for a period from May 9, 2018 to October 15, 2018. Details are
as follows.
Subject
Number of
students
・Probability
Basic courses
・Statistics
・Modeling
146 people（12 Subjects）
・Probability Exercise ・Statistics Exercise
・Life Insurance Mathematics
・Non-life Insurance Mathematics
・Pension Mathematics
・Accounting
・Economics
・Investment Theory
・Life table
Intermediate courses ・Risk Selection Theory
・Social Insurance Theory
48 people（7 Subjects）
・Population Theory
・Insurance Supervision Law
・Pension Practice Regulations
・Finance Mathematics
・Risk Management Theory
The additional actuary exercise courses were offered for a period from September 27, 2018 toNovember 30, 2018. Details are as follows.
Subject (Number of students)
Additional actuary

・Life Insurance Mathematics Exercise（31 people）

exercise courses

・Non-life Insurance Mathematics Exercise（35 people）
・Pension Mathematics Exercise（32 people）
・Modeling Exercise（20 people）
2

Kansai Committee actuary courses were offered for a period from August to October 2018. 5
people took the life insurance mathematics course and 4 people took the pension mathematics
course.
Also in July 2018, the Actuary Course Division held a meeting with the lecturers to report the IAA
education syllabus revision and exchange opinions on the management of the courses.
(B2) Holding of Annual Meeting
A 2-day Annual Meeting was held on November 8 and 9, 2018 at Keidanren Kaikan and Station
Conference Tokyo. The following special lectures were held in this meeting.
” The state of things on international & internal financial markets”
By Mr. Tatsuo Yamazaki(Past-Vice Minister of Finance for International Affairs, Ministry of Finance)“The future chronology in Japan – What will happen in Japan with population decline?”
By Mr. Masashi Kawai (Journalist, An editorial writer at The Sankei Shimbun)“The current situation and issue of automatic driving system development”
By Mr. Masao Fukushima (NISSAN Automotive Technology Co., LTD.)On the second day, “Open Discussion Forum” was held, and discussions in English were held withforeign actuaries. Ms. Rebecca Deegan from IFoA (South-East Asia Representative) gave apresentation on the IFoA exams and education systems.
Also, 17 papers were presented, 10 presentations and 6 panel discussions were held.
(B3) Holding of IT Annual Meeting
A 2-day IT Annual Meeting was held on January 24 and 25, 2019 at Mitsui Life Insurance Co.,
Ltd. (Otemachi Nomura Building). The following special lecture was held in this meeting.
” Workforce of the Future “
By Mr. Ryosuke Sasaki (PwC Consulting)A presentation by Latest IT Technology Research & Study Team, “How to utilize the latest IT
technology -Learn from overseas precedents-” was made and IT Study Groups (1st to 6th)
conducted activity reports.
(B4) Holding of regular meetings
We held a total of 11 regular meetings in FY2018. Details are as follows.
1st
History of Capital Regulation and
Mr.Masaaki Shigehara
Jul. 27, 2018
Recent Issues(Vice-Chair, IAA Insurance[Risk Management]
Regulation Committee / DaiIchi Life Research Institute Inc.)
Economic-Based Capital
Mr. Jim Dallas
Requirements(RGA)～North America Updates
2nd
How Actuaries and Data Scientists
Mr. Xavier Conort
could learn from each other
Mr. Colin Priest【Triton Lecture】～AI and Humans: Synergies in(DataRobot)
Sep.4, 2018
[Data Science]
Insurance
3rd
IFRS 17 and Reinsurance
Mr. Peter NowellSep. 12, 2018
(SCOR Global Life SE)[Accounting Standard]
4thPrecision Medicine
Mr. John A. O’Brien
Oct. 30, 2018
(Gen Re)[Medicine]35th
Nov. 15, 2018
[Professionalism]
6th
Nov. 27, 2018
[Risk Management]
7th【Holiday Symposium】
Dec. 22, 2018
[Data Science]

8th【Triton Lecture】
Jan. 23, 2019
[Others]
9th
Feb. 13, 2019
[Data Science]
10th【Triton Lecture】
Feb. 27, 2019
[Actuarial Mathematics]
11th
Mar. 12, 2019
[Data Science]※Joint seminar with Professionalism Training(Continuing Professional Development) (Reference to (B9) ①)
Asset allocation and ALM using an
economic based approach

Mr. David Redfern(Moody’s Analytics)

Actuary & Data Science[Special Lecture: Data science on
accounting]*Other lectures & presentations: Joint work of IAJ Joint IndustryAcademic Committee & Shimizu
Labo. at Fundamental Science &Engineering, Waseda Universitiy Technology of Data Science Actuaries’ role in Data Science
The intellectual property rights thatyou should note at the time ofwriting and the methods to clear

Mr. Ryuichi Yaguchi
Mr. Naoto Ichihara(Ernst & Young ShinNihon
LLC)

Mr. Hiroyasu Kageshima(Ushijima & Partners,
Attorneys-at-Law)

Introduction to Statistical Inferenceof Causality from Observational
Data
Actuarial Mathematics & Statistical
Method, and their meaning

Takashi Isozaki, Ph.D.
(Sony Computer Science
Laboratories, Inc.)
Mr. Yasutaka Shimizu(Professor, Faculty of Scienceand Engineering, Waseda
University)
The Laws of Robotics and
Mr. George Shishido
Artificial Intelligence(Professor, The University ofTokyo Graduate Schools for
Law and Politics)ndthth※The 2 , 8 and 10 were held in small-scale at the main conference room of the IAJ as theirlectures’ fields were specific.
※The 7th was co-sponsored by Graduate School of Accountancy, Waseda University, and thevenue was at Okuma Small Auditorium, Waseda University.

(B5) Holding of Kansai Committee regular meetings
We held a total of 4 Kansai Committee regular meetings in FY2018. Details are as follows.
1st
Mechanism of creating values ～how Mr. Hajime Takebayashi
Oct. 10, 2018
to utilize IoT & data to create new(Omron)[Others]
values
2nd
VICA Public Viewing
Mr. Shinichiro Cho
Dec. 13, 2018
～ ERM (lecture by Paul Embrechts(Meiji Yasuda Life Insurance)[Others](ETH Zurich)) ～Mr. Yosuke Fujisawa(Chair, ERM Committee/SwissRe)
3rdNankai Trough huge earthquake and
Mr. Akira Sangawa
Jan. 22, 2019
Kansai earthquake(National Institute of Advanced[Others]- the Earthquakes in 21st century
Industrial Science and44Mar.26, 2019
[Life Insurance, Pension,
Risk Management]ththinking from the history 2018 Report on Activities of KansaiCommittee’s Sub-committees

Technology (AIST))
each sub-committee(B6) Holding of moonlight seminars
Moon light seminars under the following 5 themes were held from September 2018 to March2019.
Trends in economic value-based solvency
regulation, focusing on Insurance CapitalStandards (ICS), and its impact on Japanese
insurance companies
Practice of predictive modeling

Mr. Kazuyuki Doi
Mr. Tomonori Asada(Willis Towers Watson)
Mr. Hirokazu Iwasawa
ASTIN-related Study Group members
Fumito Hamamura (PricewaterhouseCoopers
Arata LLC / Assurance - Insurance)
Yasutaka Matsuda (PricewaterhouseCoopers
Aarata LLC / Governance, Risk and Compliance
Advisory)
Mr. Yujiro Otsuka (Milliman)
Mr. Daisuke Kadowaki (KA Computing)

Application of Python in actuarial practices

Quick Start on Deep Learning
Data analysis and visualization with python(B7) Holding of Kansai Committee seminars
Kansai Committee seminarswere held on February 15, 2019 with following themes.
 Future fluctuation of medical insurance (medical inflation) risk Graduate School of Science,the premium revision scheme by the index method
Kyoto University,
 Index comparison in temperature derivatives
Insurance Mathematics
 Representation of Mortality Model Using State Space Model and Seminar students
Model Selection
 Risk analysis on long-term care insurance products
 Issues on Current Funding Standards for Defined Benefit
Corporate Pension and Their Response A study on Application of “Recovery Theorem” to Insurance
Products(B8) Enhancement of e-learning
E-learning contents under the following were released.

Application of “R” in actuarial works(Basic / life insurance / economic index / non-life insurance)
Development process of Standard Mortality Table 2018
Issues paper on asset-liability management (ALM) (Revised version)Behavioral factors of mortality risk-Should we use the behavioral & psychological factor forthe evaluation of the mortality risk?

Economic Scenario Generator – Application to business, problem and the solutionPredictive Analytics and Modeling of Policyholder Behavior
The latest reform of long-term care (LTC) insurance in the German social security system

IAA Risk book
– IAA Risk Book Chapter 8 (Addressing the consequences of insurance groups)
5









– IAA Risk Book Chapter 9 (Distribution Risk)– IAA Risk Book Chapter 10 (ORSA)– IAA Risk Book Chapter 11 (Resolution of Insolvencies)– IAA Risk Book Chapter 13 (Asset Liability Management)– IAA Risk Book Chapter 14 (Financial Statements)– IAA Risk Book Chapter 15 (Governance of Models)– IAA Risk Book Chapter 16 (Materiality, Proportionality, Etc.)
2015 ERM Webinar
2016 Open Discussion Forum
Application in Predictive Modeling on Actuarial Mathematics Vol.1(Chapter 2: Linear
model overview)
Report of 2017 Annual Meeting:– Current situation and issues of social security in Japan from the perspective of Japans
estimated population in the future– Emerging Risk-Aiming for risk management to fight against future unknowns– Application of Predictive Modeling to Insurance Data
– A history of introduction of Defined Ambition (DA)Plans– On the calculation basis used in the calculation of debt and expenses for retirement
benefit accounting
Professionalism training (Continuing Professional Development) 2018
Report of 2018 Annual Meeting:– Introduction of Solvency II – what happened after that
– Economic Crisis and Risk Management-For young people who will be responsible forrisk management in the future-(B9) Implementation of professionalism training① On November 15, 2018, professionalism training (Continuing Professional Development)
covering the following training was offered. (co-hosted by IAJ & Graduate School of
Accountancy, Waseda University)
 Actuaries and their Professionalism
Mr. Ikuo Katayose (Resona Bank) Chartered Accountants and Ethics-Implications
Ms. Hiroko Kaneko (Professor,
for Actuaries
Graduate School of Accountancy,
Waseda University
 Discussion
Mr. Yosuke Fujisawa (Swiss Re)② On February 25, 2019, professionalism training covering the following training was offered.
The completion of this training is required to be approved as a Fellow.
 About Professionalism
Mr. Ikuo Katayose (Resona Bank) IAA Syllabus and Professionalism
Mr. Tomio Murata (Mitsui Life Insurance)
 Actuaries and Code of Conduct
Mr. Shinichi Nara (Meiji Yasuda Life
Insurance) Professionalism in Life Insurance
Mr. Hitoshi Watanabe (Nippon Life
Insurance) Professionalism in Non-life Insurance
Mr. Hiromi Kaneko (Sompo Japan
Nipponkoa Insurance) Professionalism in Pension
Mr.Akihiro Hotta (Tohmatsu LLC)
③ On February 26, 2019, training for appointed actuaries of small amount & short-term
insurance was offered by FSA and IAJ at the Small Amount & Short-Term Insurance
Association of Japan (SSI). IAJ dispatched Mr. Hitoshi Watanabe (Director /Professionalism Education Division in IAJ) as a lecturer of the training as a part ofprofessionalism education.
(B10) Implementation of CERA training

6

On December 7 and 8, 2018, a 2-day group workshop was held for examinees for CERA
examination. The workshop contained lectures on ERM, such as the specific situation in Japanand the case studies. The completion of this training is required to be approved as CERA
qualification and 15 participants completed the training.
(B11) Holding of VICA2018 Public Viewing
In August 2018, a total 5-days workshop, “VICA2018 Public Viewing” was held for IAJ
members to support their viewing of recorded video of ICA2018 Berlin programs in English at
the main conference room of the IAJ. Each workshop contained 2 – 3 sessions and navigators foreach session gave a brief commentary and discussions were made among participants.
1st Aug. 7,2018Longevity/Mortality
2nd Aug.31,2018
Finance (AFIR)*schedule changed due to typhoon
3rd Aug.21,2018
Pension
4th Aug.24,2018
ASTIN/ Data Science
5th Aug.28,2018
ERM(B12) Implementation of Research meeting
On January 19, 2019, in order to foster the academic aspect of young members, a researchmeeting was held in cooperation with the JARIP Forum as a place to learn about discussions with
university researchers, etc. and how to approach academic papers. The papers written by IAJ
members were used as the subject materials.
[C. Related to investigation and research activities](C1) Holding of Standard Mortality Advisory Committee meeting
At the 24th Standard Mortality Advisory Committee meeting held on October 31, 2018, it wasapproved to continue to use in the year 2019 the “Life Insurance Standard Life Table 2018 (fordeath)”, “Third Sector Standard Life Table 2018”and “Life Insurance Standard Life Table 2007
(for annuity)”.
(C2) Improvement of practice standards① With regard to “Actuarial Standard of Practice in relation to IAS 19 Employee Benefits”, therevised draft was issued in March 2019 to reflect the IAAs r evision of ISAP3.
② With regard to “Standards for Actuarial Practice Concerning Retirement Benefits Accounting”
and “Guidance for Actuarial Practice Concerning Retirement Benefits Accounting”, therevised drafts were issued in March 2019 to reflect the IAS19’s revision.
③ Necessary revisions will be made to the “Standards of Practice for Appointed Actuaries ofLife Insurance Companies” in April 2019 for clarification of some of the description.
④ Necessary revisions will be made to the “Standards of Practice for Appointed Actuaries ofNon-life Insurance Companies” in April 2019 for clarification of some of the description.
(C3) Review of actuarial science for Life Insurance Product
In February 26 and March 8, 2019, Life Insurance Product Special Review WG members
cooperated with the Financial Services Agency to hold an exchange of opinions about actuarial
science for life insurance products.
(C4) Response to international accounting standards and international insurance regulation
The International Accounting Standards Board (IASB) and the International Association of
Insurance Supervisors (IAIS) have been energetically reviewing international accounting
standards and international insurance regulation. The International Actuarial Association (IAA) is
7

carrying out contracted research and other activities as an actuarial professional group. The IAJ is
actively participating in the activities of IAA committees.
(C5) Work for the revision of IAA educational syllabus
Corresponding to the amendment of IAA educational Syllabus and its application in 2021, IAJ
have decided to consider the future qualification examination and education systems in Japan byPlanning Committee, Examination and Education Planning Committee and the relative
committees respectively. This year, Examination and Education Planning Committee made acomparison chart between the IAA educational Syllabus and current systems in IAJ, and the 1stquestionnaire was conducted among the committee members and directors to consider the future
action plan.
Upon Ms. Rebecca Deegan’s visit to Japan from IFoA (South-East Asia Representative) in
November 2018, a meeting with the members of Examination and Education Planning Committee
was held. In the meeting, they conducted an interview with her on current status at IFoA of how todeal with IAA educational Syllabus and about e-learning.
(C6) Initiatives on data science
In order to help the future consideration, Planning Committee made a “Preliminary Report” onapproach to data science in fiscal 2017 & 2018 and on the problem recognition and the response atpresent.
About application of data science techniques to actuary work, discussion sessions by young
people were carried out on 8/16, 8/27, 11/13, 2/14 for the purpose of the fact-finding.
(C7) Analysis of the status of continuing education system (Continuing Professional Development)
Considering that three years have passed since the new continuing education system wasintroduced in fiscal 2015, a detailed analysis of the status of the continuing education system forfiscal 2017 was carried out, and the report and discussion were conducted by Examination and
Education Planning Committee and the part of the report was posted on Actuary Journal No.104.
(C8) Activities of Committees
Each committee, division, study group, working group and project team carried out
investigations, research and other activities based on the purpose and mission set at the beginningof the fiscal year. The status of their activities was posted on IAJ web sites. The activities thatwere put together into investigation and research results were published on the IAJ’s memberonly web page and/or in supplementary volumes of bulletins, etc.
[D. Expression of Opinions](D1) Voting at IAA Council (including electronic voting)① In April 2018, voted for the approval of Strategic Action Plan (SAP) for ISAPs etc.
② In May 2018, voted for the approval of all the topics at the IAA council meeting in Berlin.
③ In September 2018, voted for the approval of new IAA membership fee paying mechanism
for full member associations, etc.
④ In November 2018, voted for the approval of all the topics at the IAA council meeting in
Mexico.
(D2) In June 2018, the IAJ submitted its opinions to IAA on the exposure draft of ISAP4 after studies
by the relative committees.
8[E. Related to International Activities](E1) IAA activities
The IAJ send committee members to IAA and actively participates in the activities of IAA
committees. Especially, Mr. Tomio Murata is in Executive Committee, Mr. Toshihiro Kawano isin Actuarial Standards Committee, Mr.Yoshio Nakamura is in Insurance Accounting TF as aVice-chair and Mr. Masaaki Shigehara is in Insurance Regulation Committee as a Vice-chair.
Also, Mr. Masaaki Yoshimura is appointed as IAA President in 2018.
The IAA related topic is as follows:① OECD Round table
Receiving a request from OECD secretariat, Mr. Hideyuki Yoshida (Chair, International
Relations Committee) made a presentation on insurance market in Asia at the “Roundtable on
insurance and retirement savings in Asia” held by OECD, as one of the activities of thecommittee.
(E2) Participation in ICA2018 Berlin① IAJ sent 5 members to ICA2018 Berlin and one of them made a presentation of research
paper. The purpose of dispatch included gathering information for ICA2026 as well.
② IAJ participated in VICA2018 (platform of ICA2018 recorded video) as a national partner,
and invited IAJ members and each committee to utilize VICA actively for their continuing
education and activities. After 2019, online platform “actuview” is introduced after VICA,
and IAJ will sign the contract for registration as an institutional partner. By this contract, IAJ
members can view webinars continuously, such as overseas actuarial conferences andtraining, which are applied to official CPD credits in continuous education.
③ Prior to the ICA2018, ICA2026 Organizing Committee held an exchange event for ICA2018
participants. At the exchange meeting, they introduced some advice and experiences on
joining the international conference. In addition, a questionnaire to ICA participants was
conducted as a reference for ICA2026.
④ Towards ICA2026, ICA2026 Organizing Committee organized a panel discussion by theparticipants of ICA2018 at Annual Meeting, which shared the experience of participating in
ICA to members.
(E3) Implementation of 46th Actuarial Seminar of East Asia (ASEA)
From September 11 to 14, 2018, the IAJ held a 4-day seminar on the status of Japan’s various
systems to which actuaries are related, with 36 participants from 14 different areas mainly in East
Asia.
(E4) Dispatch of members to international conferences, etc.
The IAJ sent its members to the following international conferences, etc.
①

From May 30 to June 3, 2018

IAA Meetings(In Berlin, Germany)

Mr. Hideyuki Sumi, Mr. Tomio Murata, Mr. Masaaki Yoshimura, Mr. Nobuhiro Shimizu,
Mr. Masaaki Shigehara, Mr. Yoshio Nakamura, Mr. Takashi Yamamoto, Mr. Ryutaro Yamada,
Mr. Yosuke Fujisawa, Mr. Kenji Sekine, Mr. Ikuo Kudoh②

From June 4 to 8, 2018

ICA2018(In Berlin, Germany)

Mr. Hideyuki Sumi, Mr. Ikuo Kudoh, Mr. Nobuhiro Shimizu, Mr. Kousuke Yoshida (forpresentation of a paper), Mr. Miwaka Yamashita, Mr. Ryutaro Yamada, Mr. Takayuki Igawa③

From July 30 to August 1, 2018

APRIA
9

(In Singapore)Mr. Yosuke Fujisawa (Panelist), Mr. Keita Kakiuchi (for presentation of a paper)④

From August 29 to 30, 2018
Mr. Tomio Murata

IAA Extraordinary Meeting (In Utrecht, Netherland)⑤

From September 16 to 19, 2018
AAC
(In Hong Kong, P.R.China)
Mr. Ikuo Kudoh, Mr. Tatsuhiro Yamakawa * cooperated the promotion (video-making).

⑥

From October 14 to 17, 2018
SOA Annual Meeting
Mr. Kazuo Kuroiwa *conducted surveys such as on Data Science(In Nashville, USA)⑦

From November 11 to 14, 2018
CAS Annual Meeting
Mr. Hiroki Kaneko *conducted surveys such as on Data Science(In Las Vegas, USA)⑧

From November 27 to December 2, 2018
IAA Meetings(In Mexico)
Mr. Hideyuki Sumi, Mr. Tomio Murata, Mr. Hiroshi Shoji, Mr. Masaaki Yoshimura,
Mr. Nobuhiro Shimizu, Mr. Toshihiro Kawano, Mr. Masaaki Shigehara, Mr. Yoshio Nakamura,Mr. Takashi Yamamoto, Mr. Hiroshi Yamazaki, Mr. Ryutaro Yamada, Mr. Yosuke Fujisawa,
Mr. Kenji Sekine, Mr. Ikuo Kudoh(E5) Collaboration with the Institute of Actuaries of Korea (IAK)In September 2018, Mr. Chun-Sick Park (Secretary General of IAK) visited Japan andparticipated in ASEA seminar which doubled the purpose of survey of IAJ. Also, IAJ generalsecretary and vice-general secretary held a meeting with Mr. Park to exchange opinions andinformation of management of both secretariats.
Upon request from IAK, IAJ dispatched 2 members from Professionalism Education Division,
Mr. Ikuo Katayose (Chair) and Mr.Yosuke Fujisawa (member) as lecturers for the program of“Professionalism Training” in IAK Annual Meeting. This doubled as the purpose of exchange
opinions between IAK and IAJ to strengthen professionalism.
(E6) Cooperation to FSA GLOPAC workshop (Global Financial Partnership Center)
In December 2018, FSA (International Dept.) asked IAJ to support their workshop of GLOPAC
program by sending lecturers. Upon the request, ASEA Division gave them lectures as the
GLOPAC workshop was aimed for financial officials from developing countries and therequested contents were covered by ASEA programs for the most part.
[F. Advisory Committee](F1) The 30th Advisory Committee meeting was held on February 26, 2019, where summary ofbusiness activities in 2018, business plan in 2019 (draft) and reported matters (Preliminary
Report on Data Science, initiatives on internal regulations) were discussed.

[G. Joint Industry-Academic Project](G1) Upon request of Kyoto University to send lecturers for insurance mathematics and pension
mathematics lectures, Mr. Jun Asano (Sumitomo Life Insurance), Mr. Hiroyuki Saito (Sumitomo
Life Insurance), Mr. Tsuyoshi Suzuki (Sumitomo Life Insurance), Mr. Ikuo Katayose (Resona
Bank), Mr. Toshinori Sanai (Daido Life Insurance), Mr. Takeshi Toyodome (Nippon Life

10

Insurance), Mr. Motoo Nakayama (Nippon Life Insurance) and Mr. Yoshihiro Minami (Nippon
Life Insurance) were sent to the University.
(G2) Upon request of Osaka University to send lecturers for insurance mathematics lectures,
Mr. Akihiko Sasada (Sumitomo Life Insurance), Mr. Masaki Takemura (Daido Life Insurance)and Mr. Hiroyuki Tsunekawa (Nippon Life Insurance) were sent to the University.
(G3) Upon request of Kobe University to send lecturers for insurance mathematics lectures, Mr. Koji
Matsumoto (Sumitomo Life Insurance) was sent to the University.
(G4) Upon request of Tokyo University to send lecturers for social mathematics special lectures,
Mr. Ryoichi Nakamura (NLI Research Institute) was sent to the University.
(G5) Upon request of Waseda University to send lecturers for insurance mathematics and pension
mathematics lectures, Mr. Yoshiki Adachi (Meiji Yasuda Life Insurance), Mr. Kouichi Tanaka(Meiji Yasuda Life Insurance), Mr. Junichi Hamada (Meiji Yasuda Life Insurance) , Mr. Akira
Arai (Meiji Yasuda Life Insurance) , Mr. Kentaro Sekiguchi (Aon PLC) and Mr. Yosuke Fujisawa(Swiss Re) were sent to the University.
(G6) In September 2018, as one of the activities of Joint Industry-Academic Project, a career support
seminar for undergraduate and graduate students who have interest in actuaries was held byWaseda Graduate School of Accountancy, and the IAJ dispatched Mr. Ikuo Kudoh (Generalsecretary of the IAJ) to the seminar as a lecturer.
(G7) Being offered by Risk Analysis Research Center of the Institute of Statistical Mathematics, IAJ
joined “Network Of Excellence (NOE) on Risk Research” managed by the center in July 2018.
Also, in December 2018, at the financial symposium hosted by the center, two members from
IAJ presented papers.
(G8) In October 2018, at the department of mathematics of Kyoto University, consecutive lectures
were held and the IAJ held them in common by dispatching lecturers.
(G9) In November 2018, the IAJ signed a contract with Tokyo University to do joint research utilizing
data of National Database of Health Insurance Claims and Specific Health Checkups of Japan(NDB).
[H. Related to Presentation of Awards](H1) Awards presented to a person with outstanding results in the 2017 qualification examination① Presentation of President Award
The IAJ presented the President Award to Mr. Kouta Ushiroshoji (Dai-ichi Life Insurance).
② Presentation of award for outstanding results for each subject
The IAJ presented an award to 1 person for Mathematics, 1 person for Life insurance
mathematics, 1 person for Non- life insurance mathematics, 1 person for Accounting,economics and investment theory, 1 person for Life insurance 2.
(H2) Presentation of awards for outstanding research paper① On November 8, 2018, an award was presented for the following paper at the Annual
Meeting:11

“Mortality projections for portfolio of insurance contracts with reference population data:
Two population model approach “
Mr. Kazunori Nishio (Sumitomo Life)“Projection of future mortality by death causes reflecting the medical point of view”
Mr. Toshinori Sanai (Daido Life)②

On January 24, 2019, awards were presented for the following outstanding IT-related papers
at the IT Annual Meeting:“Usefulness of Open API, and innovation by insurance industry”(IT Study Group Ⅳ)“Creation of new relationship between development department and operation
department・Fulfilment of "super-shortening" of service release cycle by role review”(IT Study Group Ⅱ)[I. PR and Publication Activities](I1) PR activities① “Actuary Seminar” primarily for students was held on January 26, 2019 in Tokyo and in
Osaka. There were 54 participated in Tokyo and 20 participated in Osaka.
② On November 15, 2018, a high-school student who had interests in actuaries visited the IAJ
for his field work "The Period for Integrated Studies" at school, and General Secretary anddeputy general secretaries corresponded with the visit.
(I2) Enhancement of information provision function
The following revisions were made in our HP:① The top page was renewed by introducing the slide type banner which link to the information
on qualification examination, CERA examination and notice of ICA2026.
② CERA related information has been enhanced.
③ The page of “IAA Newsletter” was added which made our members easy to access to theinformation on IAA conferences.
④ The page of “Voices of successful applicants” was renewed. (The members were replaced.)(I3) Cooperative activities of related associations / institutes
The IAJ sponsored the public interest purpose project; “Suugaku Koshien 2018 (The 11th
National Math Championship)” organized by the mathematics Certification Institute of Japan(SUKEN).
(I4) Publication of bulletins, etc.
The following bulletins and other publications were published.
① Bulletin
No.71

 On the history of classical actuarial mathematics
 Projection of future mortality by death causes reflecting the medical
point of view
 A study on Ruin Theory and application to life insurance The changes of the economic value of insurance liabilities changes inthe term structure of interest rates(The use of the Dynamic generalized Nelson-Siegel Model) One mathematic consideration for the diversification of the businessline
12 A study of mortality assumptions for retirement benefit accounting Profit management on foreign currency-denominated insurance Mortality projections for portfolio of insurance contracts withreference population data: Two population model approach A study of longevity risk embedded in whole life medical insurance② Supplementary volumes of bulletin
No.284<The 58th IT Annual Meeting Report> (IT Committee)
 Special lecture “Workforce of the Future “
By Mr. Ryosuke Sasaki (PwC Consulting) Utilization of RPA (Robotic Process Automation) in insurance
industry Possibility of utilizing Cloud in insurance industry
 Consideration for utilizing Big Data in insurance industry
 IT utilization for realization of "work style reform" in insurance
industry
 Utilization of “failure knowledge” in system development
 Applicability of block chain technology to insurance business andinsurance products③ Actuary Journal
No.103

No.104

No.105<Special Issue of
ICA2018Berlin> The 7th regular meeting report in 2017
 ASTIN Bulletin Abstracts (Translated by ASTIN related Study Group) Report of AFIR/ERM Colloquia in 2016 Edinburgh (AFIR related
study group) 2017 Report on Activities of Kansai Committee’s Sub-committees
 2017 Report on Moonlight Seminar 2017 CERA qualified person(s) 2017 accomplished members for CPD objectives
 2017 applicants who passed the qualified examination
 Book introduction (from books read by members in 2017)
 Actuaries’ relay talks (Series Part.4)
 On the award of The Japan Academy (Nippon Gakushi-in) Prize for
Mr. Shigeo Kusuoka
 OECD / JFSA / ADBI Roundtable on Insurance and Retirement
Saving in Asia- Japan (International Relations Committee)
 Participation in “Network Of Excellence (NOE) on Risk Research”(ERM Committee)
 The 8th regular meeting report in 2017 The 9th regular meeting report in 2017 The 10th regular meeting report in 2017
 Introduction of 2016/2017 Emerging Risks Survey (ERM Committee)
 2017 Continuing Professional Development / CPD units achievement
report Introduction of committees’ activities (Annual Meeting Committee)
 Actuaries’ relay talks (Series Part.5)<ICA2018 Berlin Report> (ICA2026 Organizing Committee, IAJ
Secretariat)① ICA2018 Berlin② VICA2018 Public Viewing③ Towards ICA2026 Tokyo (2018 Annual Meeting) The 1st regular meeting report in 2018
 The 2nd regular meeting report in 2018
 The 3rd regular meeting report in 2018
 Report of IRFRC-APRIA 2018 Joint Conference (ERM Committee)
 The 46th ASEA Seminar report (ASEA Division, IAJ Secretariat)
13No.106<Special Issue ofData Science >Special Edition<Risks andInsurance
No.15 >

 Column ～A high-school student’s visit to IAJ
 Report of “Suugaku Koshien 2018 (The National MathChampionship)” (PR Committee)
 Rest in peace - Mr. Toshihiko Shoji (Ex-Chair of Actuary Journal
Editing Division) Book introduction
 Introduction of committees’ activities (Insurance Accounting
Division) Actuaries’ relay talks (Series Part.6)
 The 7th regular meeting report in 2018 (Holiday Symposium)“Actuaries and Data Science”– Data Science on Accounting– Data Science techniques– Actuaries’ role in Data Science Translation of “Big Data and the Role of the Actuary” (Foreign
Literature Study Group) The 4th regular meeting report in 2018
 The 6th regular meeting report in 2018
 Roundtable discussion by the participants of the 7th Actuary Special
Seminar ～What we think now after 25 years ～ 2018 Actuary Seminar report (Actuary Seminar Division, PR
Committee, Kansai Committee)
 Introduction of committees’ activities (Insurance Regulation Division)
 Actuaries’ relay talks (Series Part.7)<Lectures > Our approach towards the improvement of cyber tolerance ~ byfinancial institutions and Financial Supervisory Authority
 ERM documents translation by Joint Industry-Academic Project<Contribution>
 Describing the development of ISAP6
 AGLM: an extension of GLM for actuarial practice using data
science techniques<Paper> Economic IRR and Its Application④ 2018 Qualification Examination Question Collection⑤ 2017 Annual Meeting Report Collection2018 Annual Meeting Report Collection

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