IABA : International Association of Black Actuaries

What IABA : International Association of Black Actuaries does

The International Association of Black Actuaries (IABA) is a 501(c)(3) nonprofit professional membership organization founded in 1992 (originally as the National Association of Black Actuaries, renamed in 1993) and headquartered operationally in the United States, with a Cleveland, OH mailing address. IABA's mission is to increase Black representation in the actuarial profession through scholarships (up to $5,000 annually plus an Annual Meeting stipend), a 20-week structured exam preparation program with fee reimbursement for SOA and CAS credentialing exams, a four-day internship-readiness Boot Camp, mentoring via the Chronus platform, the Emerging Leaders Program for mid-career professionals, monthly Coffee Conversations virtual sessions, and an annual meeting offering continuing education credits qualifying for SOA, CAS, and CIA requirements. The organization also publishes Voices of IABA, maintains a member directory, and runs a dedicated careers and internships board.

IABA serves Black actuaries, actuarial students, and aspiring professionals across the United States, Canada, and the Caribbean (with stated reach extending to Africa), supported by a network of 14 regional affiliate chapters (Atlanta, Boston, California, Chicago, Hartford, Houston, Montreal, NY/NJ, Charlotte/NC, Philadelphia/PA, Phoenix, Toronto, Washington DC, Ohio). It operates with a small paid staff of approximately two employees and an extensive volunteer leadership structure (Board of Directors, Committee Chairs, Affiliate Leaders); governance includes current and former officers drawn from senior roles at Chubb, Swiss Re, EY, Progressive, Milliman, New York Life, Mercer, and Lincoln Financial.

The revenue model combines four annual membership tiers (Student & Faculty $30, Non-Credentialed Professional $125, Other $150, Credentialed Professional $250), corporate sponsorships from 90+ partner organizations (anchored by a Corporate Advisory Council established in 2004 with 12 founding members including Aon, Allstate, CNA, Hartford, and Howard University), and individual donations collected through a dedicated portal. Distribution is direct — through online membership sales, employer-sponsored memberships, recruiting access at the Annual Meeting, and regional affiliate events — with no resellers. The organization does not operate a proprietary technology product; its infrastructure is standard nonprofit SaaS (MemberPress, Stripe, Chronus, EventMobi). Since founding, IABA has awarded nearly $2 million in scholarships and grown from 65 founding members to 800+ members across 30+ years of operation.

Name

IABA : International Association of Black Actuaries

Legal name

International Association of Black Actuaries

Website

https://blackactuaries.org

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

The International Association of Black Actuaries (IABA) is a 501(c)(3) nonprofit professional membership organization that supports Black actuaries and students across the US, Canada, and the Caribbean through scholarships, exam prep, mentoring, leadership development, and an annual meeting, funded by membership dues, corporate sponsorships from 90+ partners, and donations.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Membership Dues: Annual membership fees from individual members across four tiers: Student & Faculty ($30), Non-Credentialed Professional ($125), Credentialed Professional ($250), and Other ($150). Membership is open to anyone who supports the mission and provides access to CE credits, mentoring, professional development resources, networking, and member directory access.
2. Corporate Sponsorship: Corporate sponsors support IABA through financial contributions that fund scholarships, exam preparation, professional development programs, and pipeline initiatives. Sponsors gain access to recruiting talent at the Annual Meeting Career Networking Event, resume access, and networking opportunities. The organization has over 90 corporate sponsors and partners.
3. Donations: Individual donations from allies and members funding scholarships, exam preparation resources, and professional development programs. Donations are collected through the giving.blackactuaries.org portal.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

IABA provides a membership-based ecosystem of programs for Black actuaries and students, including scholarships (up to $5,000 annually), a 20-week Exam Preparation Program with fee reimbursement, Mentoring Program, four-day Boot Camp for internship readiness, and the eight-month Emerging Leaders Program for executive readiness. The organization also delivers the Annual Meeting (with CE credits), monthly virtual Coffee Conversations, an online Membership Directory, Job Board, and Voices of IABA quarterly publication. Membership is offered in four annual tiers ranging from $30 (Student & Faculty) to $250 (Credentialed Professional).

Product overview

IABA is a professional membership organization offering a portfolio of programs and services designed to support Black actuaries at every stage of their career journey. The core offerings include Scholarships, Exam Preparation Program, Boot Camp, Mentoring Program, and Emerging Leaders Program for students and early-career professionals. Additional services include the Annual Meeting (providing CE credits), Coffee Conversations (monthly virtual speaker series), Membership Directory, Voices of IABA (quarterly publication), Job & Internships Board, and Professional Development resources. These programs work together to provide financial support, exam preparation, mentorship, professional development, and networking opportunities to increase representation of Black actuaries in the profession.

Differentiator

Problem solved

Functional benefit

Products and services

• Scholarships Merit-based awards of up to $5,000 annually supporting Black undergraduate and graduate students pursuing actuarial careers, including a stipend to cover the cost of attending the IABA Annual Meeting.
• Exam Preparation Program

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

25 partnerships are on record, tiered core, major and flagship.

• Society of Actuaries (SOA)coreStrategic or Co-development Partner · 25 October 1992SOA is a key professional organization partner supporting IABA's mission to increase Black representation in the actuarial profession. SOA credentials (FSA) are among the designations IABA members pursue. SOA provides educational resources, research, and professional development opportunities that complement IABA programs.
• Casualty Actuarial Society (CAS)coreStrategic or Co-development Partner · 25 October 1992CAS is a key professional organization partner supporting IABA's mission. CAS credentials (FCAS) are among the designations IABA members pursue. CAS supports diversity initiatives and IABA members contribute to CAS leadership (e.g., Nicole Harrington and Yvonne Palm candidates for 2026 CAS Board).
• AetnamajorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA. Aetna participates in Corporate Advisory Council, recruits at IABA events, and supports scholarships and programs for Black actuaries.
• EY (Ernst & Young)majorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA. EY employees (including Dwayne Husbands as former President) serve in IABA leadership. EY participates in recruiting and supports professional development programs.
• MillimanmajorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA. Milliman employees (including Nikaya Smith) serve in IABA leadership. Milliman supports mentorship and professional development.
• Swiss RemajorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA. Swiss Re employee Stephen Abrokwah (SVP, Key Account Manager) served as IABA President (2025) and serves on the Board.
• ChubbmajorGTM or Marketing PartnerOne of over 90 corporate sponsors. Chubb employee Gloria Gilliam (VP & Reserving Actuary) serves as IABA President (2026). Chubb supports IABA programs and recruiting.
• Progressive InsurancemajorGTM or Marketing PartnerOne of over 90 corporate sponsors. Progressive employee Nicole Harrington (Actuarial Director) serves as IABA Treasurer and Annual Meeting Chair. Progressive supports programs and recruiting.
• Prudential FinancialmajorGTM or Marketing PartnerOne of over 90 corporate sponsors. Prudential supports IABA through corporate sponsorship, employee engagement, and recruiting at Annual Meeting Career Fair.
• New York Life Insurance CompanymajorGTM or Marketing PartnerOne of over 90 corporate sponsors. New York Life employee Maambo Mujala (Corporate Vice President & Actuary) serves on IABA Board. Company supports scholarships and professional development.
• Lincoln Financial GroupmajorGTM or Marketing PartnerOne of over 90 corporate sponsors. Lincoln Financial employee Jonathan Applewhite (VP & Actuary) serves on IABA Board. Company supports programs and recruiting.
• Mass MutualmajorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA through corporate sponsorship, employee engagement in IABA events, and recruiting.
• MetLifemajorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA. MetLife participates in recruiting and supports diversity initiatives in the actuarial profession.
• MercermajorGTM or Marketing PartnerOne of over 90 corporate sponsors. Mercer employee Valerie Adelson (Global Client Manager) serves on IABA Board. Mercer supports programs and professional development.
• AonmajorGTM or Marketing PartnerOne of over 90 corporate sponsors and founding member of Corporate Advisory Council (2004). Aon supports scholarships, programs, and recruiting at IABA events.
• Oliver WymanmajorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA. Oliver Wyman participates in recruiting and supports diversity initiatives.
• WTWmajorGTM or Marketing PartnerOne of over 90 corporate sponsors supporting IABA. WTW (formerly Willis Towers Watson) participates in recruiting and professional development.
• The HartfordmajorGTM or Marketing PartnerOne of over 90 corporate sponsors and founding member of Corporate Advisory Council (2004). The Hartford supports programs and Hartford Affiliate chapter leadership.
• DW SimpsonmajorGTM or Marketing PartnerOne of over 90 corporate sponsors and founding member of Corporate Advisory Council (2004). DW Simpson is a leading actuarial recruiting firm supporting IABA talent placement.
• CNA InsurancemajorGTM or Marketing PartnerOne of over 90 corporate sponsors and founding member of Corporate Advisory Council (2004). CNA hosts Actuarial Job Shadow Day for IABA students.
• AllstatemajorGTM or Marketing PartnerOne of over 90 corporate sponsors and founding member of Corporate Advisory Council (2004). Allstate supports IABA through corporate sponsorship and recruiting.
• Corporate Advisory Council (CAC)flagshipStrategic or Co-development PartnerEstablished December 3, 2004 with 12 founding organizations (Hewitt, Hartford, Aetna, Howard University, NAAIA, Mercer, DW Simpson, North Carolina Mutual Life, Aon, CNA, Allstate, and Towers Perrin). CAC meets quarterly including one meeting before the Annual Meeting. Provides strategic guidance on programs and helps shape the future of the actuarial profession.
• Actuarial FoundationcoreStrategic or Co-development PartnerIABA collaborated with the Actuarial Foundation on the 'Diversity and Inclusion Research Initiative' study examining barriers faced by African American and Hispanic actuaries in the career pipeline.
• National African American Insurance Association (NAAIA)majorStrategic or Co-development PartnerFounding member of Corporate Advisory Council (2004). NAAIA is a related organization serving Black insurance professionals and shares IABA's mission of increasing representation.
• Howard UniversitymajorStrategic or Co-development PartnerFounding member of Corporate Advisory Council (2004). Howard University, a historically Black university with strong actuarial program, partners with IABA on pipeline development.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• National Society of Black CPAs: NSBCPAS is a nonprofit professional membership organization supporting Black CPAs and accounting students through scholarships, mentoring, and professional development. It operates in a different credentialing vertical (accounting) but mirrors IABA's integrated program model and demographic mission, making it a strong direct peer for benchmarking.
• National African American Insurance Association (NAAIA): NAAIA is a nonprofit professional association serving African American professionals across the insurance industry. NAAIA is already a strategic partner of IABA and shares the mission of increasing representation of Black professionals in insurance, making it the most directly comparable peer in the insurance vertical.
• National Society of Black Engineers (NSBE): NSBE is a 501(c)(3) nonprofit supporting Black engineers through scholarships, professional development, mentoring, and chapters. NSBE operates at a larger scale but uses an analogous integrated program stack and demographic mission model to IABA, making it a strong structural peer.
• National Association of Black Accountants (NABA): NABA is a 501(c)(3) nonprofit professional membership organization that supports Black accountants and finance professionals through scholarships, mentoring, professional development, and chapter-based community, with a similar integrated program model and demographic mission to IABA. NABA is a structural analog in the accounting profession and is among the closest direct comparisons to IABA's operating model.
• National Association of Black Owned Businesses: NABOB is a nonprofit professional organization supporting Black-owned businesses through advocacy, networking, and corporate engagement. While focused on business ownership rather than employment, NABOB shares IABA's professional association model and demographic mission framing.
• American Black MBA Association: The American Black MBA Association is a professional membership organization supporting Black business professionals through networking, professional development, and corporate engagement. It shares IABA's structural model of combining membership, scholarships, leadership development, and corporate sponsorship for an underrepresented professional demographic.

Broad incumbents

• Society of Actuaries (SOA): SOA is the principal US professional body for actuaries and a strategic partner of IABA. While SOA serves all actuaries broadly rather than focusing on diversity, it is the credentialing body whose exams IABA members pursue, making it a natural broad-incumbent peer and ecosystem partner.
• Casualty Actuarial Society (CAS): CAS is one of the two major US actuarial credentialing bodies and an IABA strategic partner. CAS serves all casualty actuaries broadly while IABA focuses on Black representation in the same credentialing pipeline, making it a broad-incumbent peer.
• American Academy of Actuaries: The American Academy of Actuaries is the US umbrella professional organization for the actuarial profession. As a long-standing IABA partner and the credential-granting body for the MAAA designation, it serves as a broad-incumbent peer operating across the same profession.

Emerging players

• The Actuarial Foundation: The Actuarial Foundation is a nonprofit that partnered with IABA on the Diversity and Inclusion Research Initiative studying barriers faced by African American and Hispanic actuaries. As a research and education-focused organization within the actuarial ecosystem, it is an emerging-player peer addressing related pipeline challenges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/international-association-of-black-actuaries

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about IABA : International Association of Black Actuaries