International Association of Black Actuaries 2004 Annual Meeting

1
International Association of Black Actuaries2004
Annual Meeting
International Association of Black Actuaries
Each One Reach One
Encouraging Excellence

• Presidents Report

2
2003-2004 Priorities

• Improve website functionality
• Continue to grow the membership database
• Increase dues paying members to 100
• Increase meeting attendance to 100
• Increase use of job postings
• Raise 50,000 in corporate sponsorship
• Conduct a mentorship program check-up
• Create additional marketing material
• Establish City IABA Affiliates
• Establish IABA Foundation 501c3
• Establish the Advisory Council
• Focus on Collegians
• Strengthen relationship with Black Owned
  Insurance and Consulting Firms
• Continue administrative improvements

3
IABA Accomplishments

• Added Online Membership and Annual Meeting
  Registration Form with credit card acceptance
  capability
• The IABA database grew from 550 to 700 people
  participating in this career a 40 increase
• Completed the mentoring program check-up and
  doubled the size of the mentoring program
• Raised 42,500 in corporate sponsorships a 170
  increase over last year
• Meeting attendance topped 100 attendees
• City Affiliates have been established in Boston,
  Hartford, New York, Delaware Valley, DC, North
  Carolina, Atlanta, Chicago, and Ohio

4
IABA Accomplishments

• While IABA membership continues to lag behind
  targets we have tremendous potential with 125
  people in our mentoring program and 120 people
  attending the annual meeting and 35 people in
  active leadership roles we are bound to beat our
  old target of 100 has we quickly climb to 250 and
  into the 300s
• Job postings have picked up tremendously
  generating making that section of our website a
  real hot spot
• We have it!!! Our own 501c3 the IABA Foundation
• The Advisory Council is getting place with a late
  fall target for its first meeting. Through this
  council we will seek to change the corporate
  landscape
• Quarterly student newsletter have been sent to
  collegians but we need to and will do more
• We have met with some of our Black Owned
  Insurance and Consulting Firms and are in the
  process of devising a strategy to meet this goal

5
What have we learned

• We can do more together
• The mentoring program is needed, wanted, and its
  works when the mentor and mentoree actually talk
• We will increase our membership by serving it
  better, that means understanding and meeting its
  needs
• It is time to truly be International
• Media is the next frontier of awareness
• We still need additional process and procedural
  improvement to increase our effectiveness
• Somebody ought to do something about that I am
  Somebody

6
Next Steps

• 250 annual membership
• 200 annual meeting attendance
• 100,000 annual corporate contributions and
  20,000 annual scholarship distribution
• Expansion of efforts in Africa, Caribbean, and
  Canada
• Address H1B and green card issues in the
  corporate world
• Website enhancement including a redesign,
  addition of an events page, and possibly a chat
  room
• Develop and implement new member welcoming
  process
• Expand IABA public relations program
• Complete membership assessment concerning
  communication, membership value proposition,
  membership benefits, and membership needs
• Access and implement process, controls, and
  organizational improvements
• Develop and/or collect resources for career
  development, mentoring, advancement, exam taking,
  and collegiate support
• Solidify City Affiliates and Advisory Council
• Get black actuaries involved with actuarial
  organizations speaking at meetings, running for
  offices, participating on committees, section
  leaders, etc.