Subhendu Bal,chief actuary and chief risk officer of SBI Life Insurance, has been elected as the new president of Institute of Actuaries of India(IAI), a statutory body established under an Act of Parliament, for a tenure of  two years.

Bal succeeds Sunil Sharma,chief actuary & Chief Risk Officer at Kotak Mahindra Life Insurance, as the president of IAI. 

Bal is a professionally acclaimed actuary with more than 27 years of experience across actuarial sub-domains in several life insurance companies in public and private sector.

Elaborating his action plans for the IAI , Bal said,;“This is a great privilege and honour to lead and serve the Indian actuarial profession as the new president. I promise to try my level best to take our profession to greater heights with the collaboration and cooperation of all the stakeholders. Our immediate focus would be conducting the examination online and also introducing the new designed website to make it more user-friendly. We will also prioritize enhancing our Actuarial Job Portal to expand employment horizons for actuaries, both in traditional as well as non-traditional areas”he said.

IAI promotes,regulates  and develop the standards of professional education, training, knowledge, practice and conduct amongst Indian licensed actuaries;