The actuarial evaluation is the bedrock on which a sustainable social security system is built. The demographic ageing of the population is a critical issue that is ever present in the activities of the Technical Commission on Statistical, Actuarial and Financial Studies. The complexity of the issues is compounded by emerging issues related to the financing of long-term care services.
The Technical Commission on Statistical, Actuarial and Financial Studies has an enviable track record of substantial contribution to the ISSA. For example, the first International Conference of Social Security Actuaries and Statisticians took place in 1956 and 18 such conferences have been held since that date, with the 20th set to take place in Zambia in February 2022. Many other technical seminars and events by the technical commission with a view of increasing the actuarial capacity in all social security institutions. This is why it developed, jointly with the International Labour Organization (ILO), a set of ISSA Guidelines on Actuarial Work.
Emerging issues such as harnessing the power of big data analytics and long-term care are included in the work plan of the Technical Commission on Statistical, Actuarial and Financial Studies.