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The actuaries of a number of life assurance companies established the Institute of Actuaries in London on the 8th of July 1848. The Institute of Actuaries was the oldest actuarial professional body in the world. In July 1884, the Institute of Actuaries was granted a royal charter. The royal charter confirmed the institute's role and the right ...
This category is for national and international associations of actuaries. Pages in category "Actuarial associations" The following 43 pages are in this category, out of 43 total.
The IAA is the continuation of the Comité Permanent des Congrès d’Actuaires, established in 1895, as an association of individuals.It was renamed the IAA in 1968. At the 26th International Congress of Actuaries, held in Birmingham on 7–12 June 1998, the General Assembly of the International Actuarial Association restructured itself.
Qualification through the Faculty consisted of a combination of examinations and courses. The examinations could only be taken upon having officially joined the body, unlike many other countries where exams may be taken earlier; although a candidate was able to offer proof of having previously covered topics (usually while at University) in order to be exempt from taking certain subjects.
Wesley S. B. Woolhouse (1809–1893), English, co-founder of the Institute of Actuaries; James Joseph Sylvester (1814–1897), English; Ole Jacob Broch (1818–1889), Norwegian, founded Christiania almindelige gjensidige Forsørgelsesanstalt, Scandinavia's first life insurance company
Actuaries in South Africa are served by the Actuarial Society of South Africa (ASSA). Until 2010, the requirement to qualify as an actuary in South Africa was to pass the exams hosted by the UK bodies. Starting in 2010, a South African actuarial qualification hosted by ASSA has replaced this arrangement.
Marjorie Ngwenya is a British-born, Zimbabwean-raised actuary. In June 2016, she was appointed president-elect of UK’s Institute and Faculty of Actuaries (IFoA). [1] She was the first black African, the youngest (under 40) and third woman to hold this position.
Actuaries also design and maintain products and systems. They are involved in financial reporting of companies' assets and liabilities. They must communicate complex concepts to clients who may not share their language or depth of knowledge. Actuaries work under a code of ethics that covers their communications and work products. [27]
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