The Company was founded in 1979 and is number 91 in order of precedence. There are over 200 liverymen, all of whom are qualified actuaries.
The Company has three main objectives. Firstly it seeks to extend recognition, within the City and beyond, of the actuarial profession and a greater understanding of the work actuaries carry out. In particular, it seeks to support the work of our professional bodies (the Institute of Actuaries in England and Wales and the Faculty of Actuaries in Scotland) to promote the work of actuaries in fields outside the traditional ones of pensions and life assurance.
The second objective is to support the educational work of the Institute and Faculty. We award bursaries to students following actuarial courses at several universities in the UK. We sponsor an annual student lecture at City University and award prizes for excellence in our own Faculty and Institute examinations. From time to time we present an Award of Honour to an actuary who had made an outstanding contribution in his or her own field which has not otherwise been recognised.
The third objective involves our Charitable Trust (formed in 1980). Although actuaries who have fallen on hard times are, mercifully, few and far between, we take pride in our ability, largely though the efforts of the Livery year by year, to make donations to charitable causes. The Trustees take much trouble to seek charities, both with a City link and outside, where relatively small donations make a difference.
There is a fine sense of fellowship within the Company and we are always pleased to welcome guests to join us at our gatherings.
Visit the Worshipful Company's website at: www.actuariescompany.co.uk