Council and governance
The Actuaries Institute is a public company limited by guarantee and governed by the provisions of the Corporations Act 2001 (Cth).
Constitution
Our Constitution sets two key functions for our Council: maintaining our governance and advising our presidential committee to ensure a strong future. View current and archive versions of the Constitution here.
Our Council
Elected annually by Voting Members, the 10-person Council is the Actuaries Institute's peak executive body.
The Council:
- Ensures compliance with legislation and regulations
- Maintains high standards of probity and transparency in the organisation
- Promotes excellent management
- Maintains effective risk management
- Sets and implements strategic plans and operational policies
- Protects the reputation of the Institute and the actuarial profession by maintaining and enforcing strict professional and ethical standards, including a Whistleblower Policy .
Presidential Committee
As part of the Council, the Presidential Committee comprises the President, Senior Vice President and Vice President. This committee exercises the powers of Council between Council meetings and is directly accountable to Council.
The President:
- Is the leader and spokesperson for the Actuaries Institute and the actuarial profession in Australia
- Receives administrative support from the Institute Team.
The Senior Vice President and Vice President:
- Share the President’s workload
- May substitute for the President when required
- Take active roles on Council Committees and sub-committees/taskforces.
Each position is held for one year on a rotational basis. Each year, the Council elects a new Vice President who takes office on 1 January of the following year, moves into the position of Senior Vice President the year after, and then becomes President in their third year. This succession plan ensures the Senior Vice President and Vice President are fully prepared for their Presidential year.
Members of the Presidential Committee are also expected to attend and complete the Company Directors Course conducted by the Australian Institute of Company Directors.
Other Committees
The Actuaries Institute has a range of committees appointed by the Board to cover major areas of concern and interest to members, including practice areas, sub-committees and taskforces. The structure of committees reporting to the Board is reviewed regularly to ensure continued suitability to Institute operations.
Member? View a list of all committees in your member portal .
Young Actuaries Advisory Board
Our Young Actuaries Advisory Board (YAAB) is a forum for the Board to hear from young members directly. Young members are defined as those who are younger than 35 years or have less than 15 years’ experience in the profession.
Meet our 2025 Council
President
Win-Li Toh, FIA, FNZSA, FIAA
Win-Li is an actuary with more than 25 years of consulting experience in Australia, New Zealand and the United Kingdom. She joined Taylor Fry in 2002, and is the Appointed Actuary to several Australian and New Zealand insurers. As a pre-eminent expert on cyber risk, Win-Li authored two Actuaries Institute papers on cyber risk and the role of insurance. In recognition of her contribution to the industry, she was awarded Australian and New Zealand Institute of Insurance and Finance (ANZIIF) Insurance Leader of the Year 2023 award and the Insurance Business Global Insurance top 100 award in 2024.
Senior Vice President
Scott Reeves, FIAA, GAICD
Scott is the Head of New Markets, Australasia for the Non-Life division at Munich Re. The team is building new verticals for the reinsurance division with a clear emphasis on the implications of climate change for financial institutions, along with opportunities in AgTech, and GreenTech. As a Fellow of the Actuaries Institute, he has extensive experience in actuarial and non-actuarial roles over more than 30 years. This includes broader roles in reinsurance Client Management, business management in the General Insurance sector, and in consulting outside of insurance. Scott has gained valuable cultural experience through working in Australia, pan-Asia, North America and Europe.
Vice President
Maathu Ranjan, FIAA
Maathu is an actuary with experience in the disability, health and general insurance sectors. She is also an award-winning researcher and a recognised leader in the Australian Public Service, having been awarded the prestigious Sir Roland Wilson scholarship to conduct doctoral research at the Australian National University’s Crawford School of Public Policy. Prior to this, Maathu was a Senior Actuary at the National Disability Insurance Agency, leading the Actuarial Strategic Initiatives team to evaluate key priorities in strategic policy and service delivery. Maathu is an advocate for the use of rigorous evidence and the actuarial skillset to inform decisions and policy design. She has a keen interest in social policy, with her doctoral research focusing on the impact of government support systems on autism and younger onset disability relating to neurodevelopmental conditions.
Jeffrey Chan, FIAA
Jeffrey is an actuary with more than 12 years of experience in data and analytics, helping clients to build end-to-end data solutions which result in significant business impact. He has served various industries in corporate, start up, and management consulting environments, including FMCG, retail, government, banking, insurance, and loyalty programs. He is currently working as a Senior Principal under Proposition Analytics team in AIA Hong Kong. Jeffrey joined the Young Actuaries Advisory Board (YAAB) in 2020 and was the President of the YAAB in 2021.
Jessica Chen, FIAA
Jessica has 20 years of financial services experience, having held roles in traditional actuarial teams, as well as strategic and finance functions. She is currently the General Manager of Financial Performance at QBE. Prior to QBE, she held numerous CFO roles across general insurance, life insurance and banking sectors. Jessica has made significant contributions to the Actuaries Institute’s public policy, particularly in relation to understanding the advancements in genetics research on society. In addition, she is passionate in mentoring and supporting actuaries and other professionals in navigating their careers.
Elaine Collins, FIAA, BSc(Hons), MEc, FAICD
Elaine is a Non-Executive Director, who was previously on the Board of Zurich Insurance for ten years, and now currently holds four Boards roles with RACV, ANZLMI, ART Life Insurance and Ivory Insurance. She chairs two Board Audit Committees. Elaine has over 25 years’ insurance industry experience with expertise in capital efficiency, strategic risk and effective governance within organisations. Previously, Elaine spent over ten years in Appointed Actuary roles, firstly with KPMG, then as Partner of Deloitte. She has served on several Institute Committees, including the General Insurance Practice Committee and the Professional Practice Committee.
Mike Fowlds, FIAA, FFA
Mike Fowlds is currently the Chief Actuary at Avant Mutual Insurance, with 30 years of experience spanning general insurance, life insurance, superannuation and health insurance. He has a broad international background, having lived and worked in Australia, Switzerland, Hong Kong, Singapore and South Africa. He has worked for direct writer, consulting and reinsurance employees and has a has a proven track record of advising management teams and boards and contributing to strategic decision-making at senior levels. Mike has served the Actuaries Institute in exam and assignment marking, and his five-year tenure on the Actuaries Institute’s Data Science and AI Practice Committee provided valuable insight into expanding actuarial practice into emerging domains.
Anthony Lowe, FIAA, FIA
Anthony Lowe has enjoyed a distinguished career spanning over 35 years in the actuarial profession, beginning as a superannuation consulting actuary, partner and executive at Watson Wyatt, AMP and Mercer. He later held senior leadership roles, including Chief Operating Officer and Chief Executive, within the health and disability sectors. Anthony was a member of Public Policy Council Committee for over ten years and held the role of Chair for six. Anthony serves as Non-Executive Director at The Song Company and Treasurer at CuriousWorks. His work has championed the actuarial profession’s expansion into areas such as climate risk, social policy and data science. Anthony was honoured with the 2022 President’s Award for his volunteer service to the Actuaries Institute and brings extensive governance experience.
John Maroney, FIAA
John is CEO of the Global Asia Insurance Partnership. His prior experience includes senior management, Board and consulting roles, plus managing associations. He has been employed by large and small employers and consultants, within the private and public sectors, within Australia and internationally and he also was self-employed for several years while he developed a successful consulting firm. Key prior roles include CEO of the Actuaries Institute, Australian Government Actuary and Head of Capital and Solvency at the International Association of Insurance Supervisors, which is hosted by the Bank for International Settlements in Basel, Switzerland.
Jon Shen, FIAA, CERA
Jon is a Data Science Actuary who has designed and delivered successful AI initiatives across all areas of insurance and banking, including pricing, customer personalisation, claims operations, web and mobile app development, and intelligent automation. He believes actuaries have an integral role in managing the responsible use of AI in society. Jon has actively participated in all aspects of the Actuaries Institute’s data science strategy. He advocated for the inclusion of data science in the education program, wrote content for the Data Science Principles and Data Science Applications courses, and served as the independent examiner of these subjects. He has also contributed to public policy submissions on AI regulation in Australia, and is a regular speaker in data conferences and podcasts. Jon is currently an AI Practice Executive at SunCorp. In 2022, Jon was recognised as one of the Top 10 Analytics Leaders in Australia.
Brett Ward, FIAA
Brett Ward is currently the Group Chief Actuary of IAG. Brett has spent his entire 30 plus working years as a general insurance actuary. From 1990 to 2000, Brett worked with actuarial consultancies including MIRA Consultants and KPMG Actuaries focusing on liability valuations, specialising in workers compensation. In 2000 he started his corporate career as the Chief Actuary at Royal & Sun Alliance, where he had responsibility for actuarial services in Australia and South-East Asian countries. Brett was the Chief General Insurance Actuary for Promina before joining IAG in 2007. At IAG, Brett has held a variety of roles across pricing, risk and technology and Group strategy.
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