IBA - BRAZILIAN INSTITUTE OF ACTUARY

What IBA - BRAZILIAN INSTITUTE OF ACTUARY does

The Instituto Brasileiro de Atuária (IBA) is a non-profit civil association founded on September 14, 1944, headquartered in Rio de Janeiro, Brazil. It is the sole official professional body for actuaries in Brazil, serving individual members (MIBA), collective members (CIBA), student members (EIBA), honorary members (HIBA), and benefactors. IBA's functions include administering admission exams (Resolução IBA 01/2019), certifying Responsible and Independent Actuaries (Resolução IBA 02/2015), maintaining a continuing education point system, registering actuarial expert witnesses (Resolução IBA 05/2021), and issuing technical pronouncements (CPAs) covering insurance, pensions, health, capitalization, and employee benefits. It operates six Technical Committees and eight Working Groups, including dedicated groups on AI, ESG, ORSA, and longevity.

IBA's core deliverables are professional standards and educational content rather than technology products. Notable technical assets include the Comitê de Pronunciamentos Atuariais (CPA) which has published pronouncements covering actuarial principles, independent audit, technical provisions, IBNR/IBNER, risk sharing, and aggregated risk measurement; the Banco de Tábuas Biométricas and Banco de Escala de Longevidade (biometric and longevity reference databases); and the Simulador Migração RPPS, a public-facing tool for evaluating public servant pension migration options. The organization publishes the annual Revista Brasileira de Atuária and operates the 15th Brazilian Actuarial Congress (15CBA) scheduled for August 13-14, 2026.

IBA's revenue model is member-funded: members pay semestralidade (semi-annual fees) differentiated by category (MIBA, CIBA, EIBA, AIBA), with additional revenue from certification fees, event/congress registration, and a published Referencial de Honorários (fee table) for actuarial services. The organization is governed by an elected Board with mandates to member constituencies, holds annual Ordinary General Assemblies (96th scheduled April 30, 2026), and maintains regional representation across Brazil. Recent strategic partnerships include ENS (Escola Nacional de Seguros) for risk management certification in the mutualist sector under Lei Complementar nº 213/2025, and the CAS (Casualty Actuarial Society) for international non-life insurance programming.

Name

IBA - BRAZILIAN INSTITUTE OF ACTUARY

Legal name

Instituto Brasileiro de Atuária

Website

https://atuarios.org.br

Company type

Private

Founded year

1944

Operating status

Operating

Headcount range

1–10 employees

Short description

The Instituto Brasileiro de Atuária (IBA) is Brazil's sole professional actuarial body, certifying actuaries, issuing technical pronouncements, and administering continuing education for the country's insurance, pension, health, and capitalization sectors.

Ownership category

akta.pro rank

Product category

Actuarial Professional Services

NAICS

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (926150)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Accreditation Standards, Benchmarking & Framework Organizations (EDADACAJ)

akta.pro secondary industries

National/Institutional Accreditors (Career, Faith-Based, Distance, etc.) (EDADACAB), Institutional & Programmatic Accreditation Audits (EDADAGAA)

Keywords

• Actuarial certification
• Professional association
• Actuarial standards
• Continuing education
• Membership services

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Distribution channels4 records

Marketing channels5 records

Core offering

IBA (Instituto Brasileiro de Atuária) is a Brazilian non-profit professional association that certifies actuaries (MIBA membership), administers admission exams, issues technical pronouncements (CPAs) governing actuarial practice, and delivers continuing education and member services across insurance, pension, health, capitalization, and employee benefits sectors. It functions as the sole authorized body for actuarial professional certification in Brazil, with 77+ years of regulatory recognition by SUSEP, ANS, PREVIC, and other regulators.

Product overview

The Instituto Brasileiro de Atuária (IBA) operates as Brazil's primary professional association for actuaries, functioning as a standards-setting body and membership organization rather than a commercial product company. Its offerings consist of professional certifications (MIBA membership, Actuarial Technician/Auditor certification), technical publications (Revista Brasileira de Atuária, actuarial pronouncements via CPA), educational programs (admission exams, continuing education courses), and member services (directory lookups, actuarial expert registry). Technical resources include a biometric tables database and an RPPS pension migration simulator. The organization also coordinates the Brazilian Actuarial Congress and maintains technical committees covering insurance, health, pensions, and employee benefits.

Differentiator

Problem solved

Functional benefit

Products and services

• Membro IBA (MIBA) Membership Full professional membership certification for actuaries who hold an Actuarial Science degree and have passed the IBA admission exam. Confers voting rights, professional credentials, and eligibility for leadership positions within the institute.
• Certificação de Atuário Técnico e Auditor Professional certification program for Responsible Actuary and Independent Actuary roles, requiring ongoing continuing education credits through a point-based system. Certification can be suspended for non-compliance.
• Exame de Admissão IBA Formal examination process for admitting new MIBA members. Candidates must hold a recognized Actuarial Science diploma and pass the IBA admission exam to become full members.
• Revista Brasileira de Atuária Annual technical journal published by IBA covering actuarial science topics, regulatory analysis, and professional developments in the Brazilian insurance and pension sectors.
• Simulador Migração RPPS Individual simulation tool for public servants to evaluate retirement options between RPPS (Regime Próprio de Previdência Social), RPC (Regime de Previdência Complementar), and combined regimes under partial migration regulations.
• Banco de Tábuas Biométricas Repository of biometric tables (mortality, morbidity, survival rates) for actuarial use in insurance and pension calculations, maintained by IBA for the professional community.
• Consulta de Perito Atuarial Searchable online directory of certified actuarial experts (peritos atuariais) with minimum 5 years of experience, authorized by IBA under Resolution 05/2021 for judicial and extrajudicial contexts.
• Consulta de Sócios (MIBA/CIBA/EIBA/AIBA) Online member lookup directory allowing public verification of actuaries by category including full members (MIBA), collective members (CIBA), student members (EIBA), and associate members (AIBA).
• Cursos Educacionais Continuados Continuing education courses for actuaries covering Actuarial Fundamentals Applied to Insurance Markets, AI for Actuaries, and Actuarial Expertise, awarding IBA certification points for maintaining professional credentials.
• Pareceres e Análises Técnicas Formal opinions and technical analyses published by IBA on regulatory matters including ANS consultations, insurance legislation, and social security reforms.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• ENS - Escola Nacional de SeguroscoreStrategic or Co-development Partner · 1 January 2026The IBA partners with ENS (Escola Nacional de Seguros) to deliver the Certificação Avançada em Gestão de Riscos na Atividade Mutualista (Advanced Certification in Risk Management for Mutualist Activity). This certification addresses the new regulatory demands under Lei Complementar nº 213/2025, which has increased technical and prudential requirements for the mutualist sector. The course awards 15 IBA certification points and is open to actuaries, managers, cooperative professionals, and associations.
• CAS - Casualty Actuarial SocietycoreStrategic or Co-development Partner · 1 January 2026The IBA hosts a Pre-Congress of the CAS (Casualty Actuarial Society) on August 12, 2026, as part of the 15th Brazilian Actuarial Congress (15CBA). The event titled 'Risk, Data and Intelligence for Non-Life Insurance Actuaries' features international speakers including Keith Berman (CAS International VP and Starr Chief Pricing Officer) and Frank Chang (Uber VP). Attendees may qualify for one year of free CAS affiliate membership.
• Program 'EIBA, vem com a gente!' Mentorship ProgramcoreStrategic or Co-development Partner · 1 January 2026The IBA's flagship mentorship program connects MIBA (professional actuaries) with EIBA (actuarial students) through a structured apadrinhamento (sponsorship) system. MIBAs can sponsor students for free or subsidized access to IBA events, including the 15th CBA. The program aims to foster intergenerational integration and early career development. Sponsorship can be shared between two MIBAs with reduced fees and installment options.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Casualty Actuarial Society (CAS): US-based international professional body for casualty actuaries. Direct peer given IBA's formal partnership to host the CAS Pre-Congress at 15CBA and reciprocal affiliate membership arrangements.
• American Academy of Actuaries: US professional association that establishes qualification standards, advocates on public policy, and issues actuarial standards of practice. Direct peer in serving as the recognized voice of the actuarial profession in its jurisdiction.
• Society of Actuaries (SOA): Largest US-based actuarial professional body offering credentials and education across life, health, retirement, and finance. Direct peer in professional certification, continuing education, and standards-setting for actuaries.
• Institute and Faculty of Actuaries (IFoA): UK-based chartered body for actuaries offering Fellow (FFA) and Associate designations. Direct peer as a global actuarial accreditation and standards body serving members internationally, including in Brazil.
• Conference of Consulting Actuaries: US-based professional association for consulting actuaries providing continuing education, networking, and practice resources. Direct peer in serving actuarial practitioners with professional development offerings.

Regional players

• Actuaries Institute Australia: Australia's professional body for actuaries, offering Fellowship credentials and continuing education. Comparable as a national accreditation body, though serving a different geographic market.
• Canadian Institute of Actuaries (CIA): Canada's national actuarial professional body offering credentials and standards. Comparable as a national membership body issuing credentials and standards, though operating in a different geography.

Others

• Conselho Nacional de Seguros Privados (CNSP): Brazil's federal regulator for private insurance that references IBA pronouncements. Related as the regulatory counterpart whose recognition underpins IBA's authority, though it is a government body rather than a peer professional association.

Broad incumbents

• CFA Institute: Global professional body for investment/finance professionals offering CFA charter, standards, and continuing education. Comparable as a parallel professional association model — membership certification, standards-setting, and continuing education — for an adjacent finance profession.
• International Actuarial Association (IAA): International umbrella organization of actuarial associations worldwide. IBA is a member; the IAA sets global actuarial standards of practice and represents the profession globally, comparable in standards-setting role.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCeAl9aWuKVYqoLQaBKHu0FQ
• Instagraminstagram.com/iba_atuarios

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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