The Institute and Faculty of Actuaries (IFoA) has a strong presence in India, with IFoA members held in high esteem by businesses, governments and global multinationals.
IFoA membership continues to grow in India and has become the second largest IFoA student membership base after United Kingdom.
Opportunities for actuarial skills are in high demand with employers across India and the globe, and this demand is forecast to grow significantly over the coming years.
The IFoA’s internationally recognised qualifications and ongoing support ensures members in India can make a difference, both locally and on a global level.
What do we offer?
If you have mathematical skills, love playing with numbers, and want to use it to make an impact, then actuarial career is an exciting option for you. You can be part of the profession by being either an Associate, Fellow or an Actuarial Analyst.
Every year we welcome thousands of members from across the world who chose to be a part of this exciting profession.
Typically, the first step towards becoming an actuary is to sign up for IFoA student membership.
Being a student member gives you access to a range of resources, our online library and exams.
For more information about how the IFoA can help you achieve your career goals, visit our studying web pages and begin your actuarial journey.
We also welcome individuals from other professional bodies to either pursue an actuarial qualification or become affiliated with us. There may be opportunities to obtain credits for the studies you have undertaken already so please do connect with us. A list of recognised membership bodies includes:
- Actuarial Association of Europe
- Actuaries Institute (Australia)
- Actuarial Society of India
- Actuarial Society of South Africa
- Canadian Institute of Actuaries
- Casualty Actuarial Society
- Institute of Actuaries of Japan
- Israel Association of Actuaries
- Society of Actuaries
Being an actuary: the student member experience
Our student members in India work in traditional areas such as insurance, but also in non-traditional areas such as banking, investment, InsurTech and in digital roles. Read their stories on the wide range of opportunities being an actuary gives you:
"Helping a non-profit organisation spread awareness about insurance made me realise and understand the social impact of insurance products. Also, I liked the career path of becoming an actuary as it has the right blend of theoretical knowledge and practical experience. All this together gave me a sense of personal pride and a sense of satisfaction during my journey to become an actuary."
Shilpika Agrawal, FIA, Service Delivery Leader, MetLife
QAS accredited employers
We are committed to promoting quality assurance at an organisational level to ensure confidence in the work of actuaries in the India region.
Our QAS accreditation recognises employers who are committed to creating a positive environment for actuarial science.
If you would like your employer to be part of this pretiegeous quality accreditation, please do get in contact.
Become an IFoA accredited university
The IFoA works with multiple universities across the globe to enhance the quality of actuarial education. Currently, in India we are onboarding the universities who qualify our accreditation checklist and process.
Reasons why universities apply for accreditation:
• enhance their actuarial science programs
• boost student employability
• increase their profile worldwide
• to introduce their students to wider range of opportunities
List of Accredited Universities in India
- Patkar-Vardha College, University of Mumbai
Want to be one of the top universities in the actuarial field in India? Are you a member and would like to recommend a university? Contact us, today for more details!
Volunteering is an amazing opportunity for you to serve your profession and raise awareness about the profession amongst your network.
You can take the first step to become a volunteer by being part of an excellent IFoA 400 club. Find out more about volunteering opportunities.
Currently, we have 500 active volunteers in India.
IFoA offers ample of opportunities to volunteer and make your contribution to the profession.
Get in contact if you’re interested in knowing more about volunteering opportunities in the South-Asia Region.
Latest news/events update
- Stay tuned for 2022 event calendar updates.
Past regional news/event updates
- Professionalism Seminar for the Deloitte Team in India: 2 July 2021
- Professionalism Seminar for the Swiss Re Team in India: 29 July 2021.
- Professionalism Seminar for the Aon Team in India: 20 August 2021.
- Professionalism Seminar for the PwC Team in India: 2 June 2021
- A new member joined the IFoA South Asia Operations: Chunku Pani
- Professionalism Seminar for the WNS and K.A. Pandit Team in India: 23 May 2021
- Professionalism Seminar for the MetLife Team in India: 10 March 2021
- IFoA’s first virtual India Town Hall: 28 January 2021. This event is scheduled at 11:00 UK Time or 16:30 PM IST.
- Employer Road Show with Swiss Re: 8 January 2021
The South Asia team commenced its operation in 2017 to support the more than 7000 members in India, Nepal, Bhutan, Pakistan, Afghanistan, Srilanka, and Bangladesh. Please get in touch with us if you want to know more about the actuarial profession, or hire actuaries.
Vikas Newatia, Leader, South Asia
Chunku Pani, Member and Stakeholder Manager, South Asia
Divya Shah, Market Coordinator, South Asia
Filter or search events
We’ve all heard about the gender pay gap. Sadly, the gap doesn’t just exist with base pay.
Research carried out by Legal & General in 2021 across the four million members in our Defined Contribution (DC) pensions, found that there’s a gender pension gap too, continuing the divide between men and women.
As current global events continue to demonstrate, geopolitical tensions present significant risks to corporates of all sizes. However, these types of risk are often not given the discussion time it needs at the board level or executive committee levels, nor the resources required to anticipate, analyse and mitigate them effectively.
At retirement, it has become very popular for those with Defined Contribution (DC) pensions to choose drawdown rather than an annuity, but drawing a sustainable lifetime income in this way is an impossible challenge for most people. We consider a Decumulation Pathway for the typical consumer, where a small part of the DC fund is set aside for any flexible access and legacy requirements. The bulk is then used to provide a lifetime income, utilising the pooling or insuring of longevity risk.
We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; transitioning to Net Zero; increased inflationary pressures and supply chain issues; to self-imposed changes in regulatory requirements. CILA 2022 focuses on these challenges to ensure we continue to be informed and remain battle ready, as well as showcasing highlights of recent CMI outputs.
In the spirit of fostering the IFoA’s vibrant, global community and enabling our members to participate, we have decided to hold our AGM virtually again this year. This allows for greater accessibility to this important annual event, and for greater accountability of our organisation.
The Business of the AGM
Join newly inaugurated IFoA President, Matt Saker, for his Presidential Address.
We’re delighted to welcome you back to our first in-person conference since early 2020, also being delivered virtually in our first-ever hybrid event. The theme of our inaugural two-day conference is ‘Focusing on tomorrow’s actuary’ and will explore the contribution actuarial science is making to some of tomorrow’s biggest issues.