About APOB

The Actuarial Profession Oversight Board (APOB) was established on January 1, 2020, to provide independent and objective public oversight of the actuarial profession in Canada. APOB binds the Canadian Institute of Actuaries (CIA) to its promise to hold the duty of the profession to the public above the needs of the profession and its members.

Perspective

APOB has a broad, public-oriented perspective of the complex issues facing today’s actuaries. The Board’s diverse membership draws from backgrounds in industry, business, regulatory bodies, organized labour and other professions.

Independence

APOB is entirely independent in its operations and directly oversees the key regulatory functions of the Institute, namely, actuarial standard-setting, continuing professional qualification and professional conduct. APOB also provides the CIA Board with its public-oriented perspective on other CIA activities managed by the CIA councils which report to the CIA Board. 

Membership

The group also includes three members appointed by the CIA Board from within the CIA’s membership, ensuring that APOB has good subject expertise on actuarial matters, while also providing the CIA Board with a level of insight into APOB operations.

History

APOB replaces the Actuarial Standards Oversight Council (ASOC), which was established by the CIA in 2007 to oversee the Canadian actuarial standard-setting process.