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.
Hear what our volunteers have to say:
- Volunteer experience (5-6)
- Slide format
Latest news/events update
Stay tuned for more events.
Our past events
- Professionalism Seminar for the MetLife Team in India: 10 March. Sonal Shah, who is a Fellow IFoA Member, was a speaker for this session.
- 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 on 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
Divya Shah, Market Coordinator, South Asia
Filter or search events
Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators
Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.
Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.
This event is also repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place if Tuesday is your preferred choice.
Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.
IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.
Mis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis. However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year. This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work
This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern
This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.
Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.
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; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.
Welcome to the programme for our 2nd Virtual Pensions Conference. This year's conference features 11 webinars offering members and non-members the opportunity to get up to date content from leading experts in the pension industry. There will also be opportunity to ask questions and contribute to the discussion.