Historic Leadership Change at the Institute of Actuaries of India: Smt. Preeti Chandrashekhar Appointed as the First Lady President during the momentous 100th Council Meeting
Mumbai : The Institute of Actuaries of India (IAI) proudly announces a historic milestone with the appointment of Smt. Preeti Chandrashekhar as its first female President, effective 19th October 2024. A seasoned professional with over 34 years of experience, Smt. Chandrashekhar is recognized for her exceptional contributions to the insurance and pensions sectors, as well as her strong leadership in risk management and consulting.
Smt. Chandrashekhar, the 11th President since IAI became a statutory body in 2006, holds an M.Phil. in Statistics from the University of Delhi and is a certified Pensions Actuary. Her extensive background positions her to lead IAI as it strengthens its role in emerging fields such as data science, climate finance, and economic forecasting, equipping members to address evolving market demands.
Actuaries are vital in assessing complex risks, from market volatility to climate change, and in developing resilient financial strategies. Under her leadership, IAI will further empower actuaries as critical advisors on risk and financial stability, contributing to India’s economic resilience and sustainable growth. Smt. Chandrashekhar’s presidency signals IAI’s deepening commitment to shaping solutions that balance financial feasibility with social responsibility, especially in designing secure social security schemes for an aging population.
Speaking on her appointment, Smt. Preeti Chandrashekhar, said, “I am honoured to serve as President of the Institute of Actuaries of India at this pivotal time. As we look ahead, I am committed to strengthening the role of actuaries in addressing emerging challenges in areas such as climate finance, economic resilience, and social security. Together, we will empower our members to expand their impact across sectors, contributing to a more resilient and sustainable future for India.”
Welcoming the new president of IAI, Tushar Giri, Executive Director of IAI, said, “We are thrilled to welcome Smt. Preeti Chandrashekhar as the new President of the Institute of Actuaries of India. Her extensive experience and forward-thinking vision make her uniquely qualified to lead our Institute into a new era of growth and innovation. We are confident that under her leadership, the Institute will continue to expand its impact, advance the profession, and address the complex challenges facing industries today.”
As the sole professional body for actuaries in India, IAI remains dedicated to promoting actuarial excellence, upholding high standards, and addressing new challenges across industries. With Smt. Chandrashekhar at the helm, IAI will continue to strengthen India’s actuarial profession in its mission to secure a sustainable and resilient financial future for all.