Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals trained in this discipline. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations.
The International Actuarial Association (IAA) is a worldwide association of local professional actuarial associations.
The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. It is a full member organization of the International Actuarial Association.
The Casualty Actuarial Society (CAS) is a professional society of actuaries specializing in property and casualty insurance.
The Worshipful Company of Insurers is one of the 110 Livery Companies of the City of London.
The Institute of Actuaries was one of the two professional bodies which represented actuaries in the United Kingdom. The Institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland. While the Institute and Faculty of Actuaries were separate institutions, they worked very closely together, and their professional qualifications and actuarial standards were identical. On 25 May 2010, voting members of the Institute who took part in a ballot voted to merge the Institute with the Faculty, thus creating the Institute and Faculty of Actuaries, which came into being on 1 August 2010. The Institute of Actuaries ceased to exist on that date.
The Actuarial Association of Europe (AAE) was established in 1978 as Groupe Consultatif des Associations d'Actuaires des Pays des Communautés Européennes (GC), renamed to Groupe Consultatif Actuariel Européen in 2002, and given its present name on January 1, 2014.
The Canadian Institute of Actuaries (CIA) is the national organization of the actuarial profession in Canada. It was incorporated on March 18, 1965. The FCIA designation stands for Fellow of the Canadian Institute of Actuaries. As the national organization of the Canadian actuarial profession, the CIA means to serve the public through the provision by the profession of actuarial services and advice by: representing the Canadian actuarial profession in the formulation of public policy; promoting the advancement of actuarial science and sponsoring programs for the education and qualification of CIA members and prospective members; ensuring that actuarial services provided by its members meet accepted professional standards; and assisting actuaries in Canada in the discharge of their professional responsibilities.
The Actuaries Institute, commonly referred to as the Institute, is an organisation representing the actuarial profession in Australia. The Institute has origins which trace back to 1897.
The Actuarial Society of South Africa (ASSA) is the governing body for the actuarial profession in South Africa.
The American Academy of Actuaries, also known as the Academy, is the body that represents and unites United States actuaries in all practice areas. Established in 1965, the Academy serves as the profession’s voice on public policy and professionalism issues.
Founded in 1888, the Actuarial Society, is the professional association of actuaries in the Netherlands. Nearly all Dutch actuaries are members.
The Institute of Actuaries of India is the sole professional body of [actuary|actuaries] in India. It was formed in September 1944 by the conversion of the Actuarial Society of India into a body corporate by virtue of the Actuaries Act, 2006.
The Danish Society of Actuaries (DSA), or the Danske Aktuarforening, is the association for actuaries in Denmark. The Society held its first constituents meeting on 23 April 1901 and the first meeting of members on 31 May 1901.
The Czech Society of Actuaries is the association of actuaries in the Czech Republic. It aims to promote education and research in actuarial science and to mediate social and professional contacts among actuaries.
The Slovak Society of Actuaries is the association of actuaries in Slovakia. The Society was established in 1996. It is a full member of the International Actuarial Association and the Groupe Consultatif. As of 2011, the Society has about 150 members, 25 of them fully qualified. Current chairman of the Society is Milada Jantošová.
The Conference of Consulting Actuaries, also known as the Conference or the CCA, is a professional society of actuaries engaged in consulting in the United States and Canada, as opposed to those employed by insurance companies. CCA members assist their clients with respect to pension, health, and other employee benefit plans; life insurance; and property and casualty insurance.
The Society of Actuaries in Ireland is the professional body of Irish actuaries. The Society was founded on 3 May 1972 by seventeen members of the Institute and the Faculty of Actuaries residing in Ireland. Since then, the membership has grown to more than 1 000. Current president of the Society is Maurice Whyms.
The actuarial credentialing and exam process usually requires passing a rigorous series of professional examinations, most often taking several years in total, before one can become recognized as a credentialed actuary. In some countries, such as Denmark, most study takes place in a university setting. In others, such as the U.S., most study takes place during employment through a series of examinations. In the UK, and countries based on its process, there is a hybrid university-exam structure.
