Application forms

• Application form for Affiliate Membership [pdf]
• Application form for Affiliate Membership of the Faculty for University Students [pdf]
• Application form for Affiliate Membership of the Institute for University Students [pdf]

As an Affiliate member of either the Faculty of Actuaries or the Institute of Actuaries you will be kept up-to-date with the developments within the Actuarial Profession and be able to contribute and participate in the following activities:

Meetings

Research developments and other important issues are discussed at Sessional Meetings. As an Affiliate you would be able to participate in the many platforms for discussion within The Actuarial Profession. There is normally no charge for joining these discussions. Topics addressed include:

• an actuarial theory of option pricing;
• human genetics and financial services;
• the management of risks in banking;
• effective and ethical institutional investment;
• continuing care retirement communities;
• the ageing population;
• income drawdown.

More informal discussions among younger members of the profession take place at meetings of the Staple Inn Actuarial Society (SIAS).

Meetings are also held at a more local level by the regional actuarial societies and very informal discussions take place at the many dining clubs formed by members of the profession.

International

The Actuarial Profession is an international profession and so there are also opportunities to discuss issues and developments with other actuaries from around the world.

Publications

As members of the profession, Affiliates will receive copies of the British Actuarial Journal (BAJ) and The Actuary magazine.

The British Actuarial Journal is published several times a year. This is a scientific journal and entries to it undergo the rigours of peer review. It is widely distributed thoughout the world.

Research

There is the opportunity for publication of research and discussion through the pages of The Actuary magazine which is published ten times a year.

Afflilates are also able to join working parties set up by the profession to undertake research into the ways actuarial skills can be used to enhance their areas of work.

Access is available to the Actuarial Profession's substantial research base and library.

Conferences

The Actuarial Profession organises around 50 conferences, seminars and workshops each year for their members.

These conferences are not limited to core actuarial subjects. Events are regularly run in conjunction with other bodies such as FTSE, IIMR, INQUIRE and the Institute of Risk Management, as the Actuarial Profession recognises the need to work with other professions in the expanding world.

What skills do actuaries have that may be of use to you?

Being skilled mathematicians, actuaries are able to analyse past events, assess the present risks involved, and model what could happen in the future. Actuaries may then forecast the long term financial implications of business decisions to assess the most likely outcomes and the chances of more or less favourable outcomes occurring.

Wherever long term cash flows are involved, an actuarial perspective can be highly beneficial. Actuaries see projects as a consistent whole rather than from a single perspective. They can work in a team to produce an effective proposal.

Actuaries balance their role in business management with responsibility for safeguarding the financial interests of the public. They are legally bound to protect the benefits promised by insurance companies and pension schemes, and their professional reputation for independence and integrity is pre-eminent.

Actuaries pride themselves on their ability to make financial sense of the future. This expertise gives the Actuarial Profession an unrivalled appreciation of risk management - one of the most fundamental, but poorly understood areas of business.