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IFoA in South-East Asia

With a rapidly growing membership in South-East Asia and a unique network of businesses, governments and academic institutions, we are committed to supporting our members, their employers, students and educators all across the region. 

IFoA Asia Conference

The IFoA will be organising the sixth IFoA Asia conference to be held on 24-25 June 2020 in Kuala Lumpur, Malaysia.  The conference will be a cross-practice actuarial event, and we are looking to appoint volunteers to join the Technical Content Committee to help source and secure relevant technical content for the programme.

Conference date: 24 - 25 June 2020, Kuala Lumpur, Malaysia

Application closing date: 24 October 2019. More details can be found on the volunteer vacancies page

Sponsors and speakers: If you are interested to be a sponsor or speaker, please contact:

Learn more about the services we offer

Become an actuary

Whether you're thinking about becoming an Associate, Fellow or Actuarial Analyst, the profession offers an exciting career for those who are ready to take the next step and get more from their love of maths. 

Every year we welcome new students from all across South-East Asia who are inspired by the idea of becoming an actuary. 

To qualify as an actuary you need to apply to become a student member of the Institute and Faculty of Actuaries (IFoA). You then need to pass our exams, which typically run in April and September, and gain a satisfactory level of work-based skills.

To find out more about the IFoA and how you can achieve your career goals, download our "More than maths" brochure today. 

Being an actuary: our members' experience

Our members in South-East Asia work in traditional areas such as insurance, but also in non-traditional areas such as banking, investment, InsurTech and in digital roles.

Here are some stories from our members on the wide range of opportunities being an actuary gives you:

Diversity CS"The most important thing for an actuary is to have the right mindset to be able to manage people, adjust and convince people that you can do anything."  

 

Anusha Thavarajah, CEO, Malaysia (Read the case study)

 

Chris Lim "I work in a small team in a reinsurance broker and the scope of work can be very diverse. Given the backdrop of maturity in the data science field, the increasing sophistication of the insurance industry in Asia, and the shifting insurance regulatory regimes in the region, it is clearly an exciting time to be an actuary."  

Chris Lim Shen, Senior Analyst, Singapore (Read the case study)

 

Albertus"I enjoy developing a positive working relationship with my clients. It motivates me when I am able to solve their problems, and as a result, become their "first-to-go-to" contact. This makes my work feel more meaningful. I also enjoy the opportunity to apply my technical actuarial skills to creatively deliver innovative solutions for my clients whilst ensuring robust risk management practice." 

Albertus Teddy Setiadi, Director, Singapore (Read the case study)

Supporting actuarial employers in South-East Asia

We are committed to promoting quality assurance at an organisational level to ensure confidence in the work of actuaries in South-East Asia. 

There are now four employers in South-East Asia that have achieved the IFoA’s Quality Assurance Scheme (QAS) accreditation. The most recent addition is AIA Thailand, the first QAS accreditation awarded in Thailand.

The QAS accredited organisations in South-East Asia are:

  • Actuarial Partners Consulting Sdh Bhd (Group Actuarial department)
     
  • AIA Company Limited (Thailand Actuarial department)
     
  • Aon Singapore Centre Innovation, Strategy & Management Pte Ltd
     
  • Insurance Consulting and Technology (ICT) lines of business for Willis Towers Watson Consulting (Singapore) Pte Ltd; Towers Watson Hong King Ltd; and PT Towers Watson Indonesia

 Actuarial Partners AIA   Anon Empower Results     Willis Towers Watson     

Become an accredited university

The IFoA works with a range of accredited universities in South-East Asia to ensure the highest quality in actuarial education and training.   

Top 3 reasons why universities apply for IFoA's accreditation:

  • enhance their actuarial science programmes
  • boost student employability
  • increase their profile worldwide 

There are seven universities in South-East Asia that have exemptions to at least some of the IFoA’s exams, these are:

View our list of accredited universities

Interested in becoming an accredited university? Contact us to find out more.

Become a volunteer

IFoA Volunteers are at the heart of everything we do. Volunteering brings a range of great benefits.

We have an active volunteer community in South-East Asia. There are over 70 volunteers in the region.

“Volunteering provides opportunities for members to interact with other actuaries, globally, and gives them a platform to exchange ideas and understand a variety of issues observed in developed and developing countries.”  

Farzana Ismail (Read the case study)

 

"My role in the ISCF has also given me the opportunity to engage with many actuarial students in my region. By sharing their experience, thoughts and concerns with the IFoA Education team, I hope I can somewhat contribute in shaping the future of aspiring actuaries." 

Ooi Choong Hern (Read the case study)

 

Pay-Peng Neo“I would encourage you to step forward and become a CPD Co-ordinator for your company!” 

Pay Peng Neo (Read the case study)

Please contact us to find out more about volunteering opportunities in South-East Asia.

News

Tan Suee Chieh has been appointed as the President-elect for 2019 and will take on the role of President in June 2020. Click here for the full article. 

The January 2019 edition of The Actuary magazine featured Sophia Ch'ng, an IFoA member based in Malaysia.

Read our latest South-East Asia newsletter for news on:

  • the Chartered Actuary qualification
  • acting in the public interest
  • the Pensions Board and more

Head to our International section for pervious editions.

Events

22nd Asia Actuarial Conference - Register now!

21 - 24 October 2019, Resorts World Sentosa, Singapore

The Singapore Actuarial Society (SAS) is pleased to host this year's AAC themed "Crazy Responsive Actuaries – Taking Action to Secure the Future".

Registration is now open. Please visit AAC's website for more details. 

The IFoA is proud to be a sponsor for this year's AAC. Do drop by our booth to say hi if you are attending! Hope to see you there!

IFoA's evening reception, Singapore

22 October 2019, 18.00 - 20.30, The Rock Bar Terrace (Main Lobby), Hard Rock Hotel Singapore

The IFoA would like to invite you to join Mr. Tan Suee Chieh, IFoA’s first Asian President-elect, for an evening reception on 22 October during the Asian Actuarial Conference (AAC) in Singapore.

If you would like to attend, please complete your details on the registration form by 14 October. For more information, please contact Marie Lee

Joint IFoA/SAS Cyber Risk Presentation and Roundtable Discussion, Singapore

31 October 2019, 15.00 - 18.00, Peach Garden, OCBC Centre

Organised by IFoA GI Asia International Working Group and SAS Emerging Risk Working Group, this session titled "Addressing Cyber Risks Portfolio Accumulation and Methodologies to Qualify and Quantify Losses" is aimed at raising cyber awareness within the actuarial community, encouraging discussion and collaboration to address new challenges from this emerging frontier. 

Mr. Peter Hacker, international cyber security expert, will talk about recent developments in the cyber market globally and in Singapore, and how insurers can better manage their cyber risks including management of silent cyber accumulation. This will be followed by an informal roundtable session for actuaries and participants to discuss and ask questions, covering underwriting to theoretical perspectives, to next steps the industry should take. A brief outline of the silent cyber framework presented at IFoA’s GIRO 2019 conference will be shown during the roundtable discussion.

Please visit SAS website for more details and to register your attendance.

IFoA Asia Conference 2020 - Call for volunteers now open!

24 - 25 June 2020, Kuala Lumpur, Malaysia

The IFoA will be organising the sixth IFoA Asia conference to be held on 24-25 June 2020 in Kuala Lumpur, Malaysia.  The conference will be a cross-practice actuarial event, and we are looking to appoint volunteers to join the Technical Content Committee to help source and secure relevant technical content for the programme.

Application closing date: 24 October 2019. More details can be found on the volunteer vacancies page

If you are interested to be a sponsor or speaker, please contact:

- Events team at eventmanagement@actuaries.org.uk,

- Caryn Chua at caryn.chua@actuaries.org.uk, or

- Marie Lee at marie.lee@actuaries.org.uk.

Event speakers

Looking for speakers? Our members are experienced speakers on a range of topics with recent presentations in South-East Asia on cyber risk, retirement adequacy and IFRS17.

About us

The IFoA’s Singapore office has been in operation since 2014 and we were the first, and remain the only, international body to have an office in South-East Asia. The office has been set up to cater to our 1,000+ members in Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Please get in touch with us if you have an interest in joining the actuarial profession, or employing actuaries in South-East Asia.

  Contact details
Singapore

163 Tras Street, #07-05

Lian Huat Building,

Singapore 079024

Contact number: +65 6906 0889

Caryn Chua

Caryn Chua,  South-East Asia Actuary Representative

Contact number: +65 8838 5848

Marie lee

Marie Lee, South-East Asia Regional Coordinator

Contact number: +65 8778 1784

We also work closely with the local societies in the region:

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Events calendar

  • IFoA Members Reception, South Africa

    Terrace area, Garden Court Sandton City, Cnr. West & Maude Streets, Sandown, Johannesburg, 2196
    21 October 2019

    Spaces available

    We warmly invite you to join us for a drinks reception, with the opportunity to meet Marjorie Ngwenya, past President of the IFoA, and Ben Kemp, General Counsel.

  • CAA Global Event, South Africa

    Sandton Convention Centre, 161 Maude St, Sandown, Sandton, 2196, South Africa
    22 October 2019

    Spaces available

    CAA Global warmly invites you to join us for a networking reception at the ASSA lounge, with the opportunity to meet Ben Kemp, Director, CAA Global, Mike Mcdougall, CEO of ASSA, and Marjorie Ngwenya, Past President of the IFoA.

  • KSS Event – GAD: the 100 year life (Edinburgh)

    KPMG  Saltire Court 20 Castle Terrace Edinburgh EH1 2EG
    22 October 2019

    Spaces available

    The Government Actuary’s Department (GAD) marks its centenary this year. George Russell, formerly Deputy Government Actuary, who currently heads up GAD’s Edinburgh office, leading on GAD support to the devolved administrations in Scotland and Northern Ireland, will outline GAD’s development over that period and its range of work today. Having just “celebrated” his 25th anniversary of joining GAD, George will also reflect on some of the challenges and opportunities of advising at the interface of the actuarial and the political worlds.

  • KSS Event – Equity Release Mortgages: The Irish Experience

    Room CM S.01 (Second floor, Colin Maclaurin Building, building 22 on the campus map.) Campus maps can be found at https://www.hw.ac.uk/uk/edinburgh/map.htm
    23 October 2019

    Spaces available

    This is a co-branded KSS/Heriot-Watt University event.  Equity release mortgages (ERMs), also called lifetime mortgages, have played an increasing role in generating income for retired home-owners.  As new liquidity rules have reduced the supply of bank lending, so insurers have stepped in, encouraged by generous regulatory treatment for annuity writers.

  • KSS event – GAD: the 100 year life (Glasgow)

    Barnett Waddingham 163 West George Street, Glasgow, G2 2JJ
    24 October 2019

    Spaces available

    The Government Actuary’s Department (GAD) marks its centenary this year. George Russell, formerly Deputy Government Actuary, who currently heads up GAD’s Edinburgh office, leading on GAD support to the devolved administrations in Scotland and Northern Ireland, will outline GAD’s development over that period and its range of work today. Having just “celebrated” his 25th anniversary of joining GAD, George will also reflect on some of the challenges and opportunities of advising at the interface of the actuarial and the political worlds.

  • Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry

    Staple Inn, High Holborn, London WC1V 7QJ         
    28 October 2019

    Spaces available

    The Sessional Meeting is now fully booked.

    Please click here to register on the waiting list.

    The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October.  The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters. 

  • ARC Event: Beyond Proportional Hazards

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    30 October 2019

    Spaces available

    ARC Event: Beyond Proportional Hazards: Statistical methods for assessment of the impact of medical advances and health interventions on longevity and population projections.

    This workshop is being delivered by the Actuarial Research Centre’s (ARC) ‘Big Health and Actuarial Data’ Research Programme.

  • Joint IFoA/SAS Cyber Risk Presentation and Roundtable Discussion, Singapore

    Peach Garden, OCBC Centre, Level 33 (access via West Lobby), 65 Chulia Street, Singapore 049513
    31 October 2019

    Spaces available

    Organised by IFoA GI Asia International Working Group and SAS Emerging Risk Working Group, this session titled "Addressing Cyber Risks Portfolio Accumulation and Methodologies to Qualify and Quantify Losses" is aimed at raising cyber awareness within the actuarial community, encouraging discussion and collaboration to address new challenges from this emerging frontier.

    Speakers: Peter Hacker, International Cyber Security Expert and Thought Leader

  • Hot Topics in Health and Care: Networking and Drinks

    Staple Inn, 4 High Holborn, London WC1V 6DR
    4 November 2019

    Spaces available

    This evening will feature two new cases studies that highlight the implications for insurers of issues impacting on health and mortality for life, pensions, and health and care products; Impactability modelling: a worked example in Type II diabetes presented by Josephine Robertson, and Seasonal Mortality in England and Wales 1993-2016 presented by Mary Hall, Dublin City University.

  • SIAS Event: Introduction to the Mortality Research Steering Committee (MRSC)

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    5 November 2019

    Spaces available

    The MRSC is responsible for guiding the profession’s research in the areas of longevity, mortality and morbidity such that it is recognised as a thought leader in this area. It has recently been reviewing what the priorities and have identified 6 areas that we believe are the most important areas of research that should be the current focus and these are:

  • Spaces available

    On behalf of the International Actuarial Association’s (IAA) Banking Working Group, the Actuarial Society of South Africa’s (ASSA) Banking Committee and the Institute and Faculty of Actuaries’ (IFoA) Banking Member Interest Group, you are invited to participate in the upcoming webinar entitled Career opportunities in Banking: Retail and Group Risk.

    The actuarial profession has much to offer the world of banking. In this second webinar on opportunities for actuaries in banking, we have three actuaries sharing their experiences:

  • IFoA CPD Co-ordinators' Briefing

    Staple Inn Hall, High Holborn London WC1V 7QJ
    7 November 2019

    Spaces available

    The theme of this year’s annual briefing is: Lifelong Learning – providing continuous development for our members.

    This event is primarily for volunteer CPD Co-ordinators, who attend to represent their organisation. CPD Co-ordinators play a key role in effective engagement between organisations who employ our members and the Institute and Faculty of Actuaries (IFOA).

  • The challenges for AI in Autonomous driving – Professor Andrew Blake

    Royal College of Physicians of Edinburgh, 11 Queen Street, Edinburgh, EH2 1JQ
    11 November 2019

    Spaces available

    In conjunction with the Scottish Board and supporting the IFoA’s focus on data science.

    The IFoA’s Scottish Board have arranged for UK pioneer in Computer Vision and Machine Intelligence, Professor Andrew Blake to speak to delegates on the subject of AI in Autonomous driving. This lecture will focus on safety-critical operation and the computation of risk.  

  • Autumn Pension Seminar

    Grand Connaught Rooms, 61-65 Great Queen St, Holborn, London WC2B 5DA
    13 November 2019

    Spaces available

    Join us for this brand new seminar that brings together our Current Issues in Pensions, Pensions and the Law, and Investment for Pension Actuaries events. The seminar builds on the IFoA’s Annual Pension Conference with sessions covering CDC, TPR’s code of practice, investments, legal updates and Professional Skills Training with a focus on interactive discussion throughout.

  • KSS event: How is Scotland’s population changing and what are the implications?

    Barnett Waddingham, 163 West George Street, Glasgow, G2 2JJ
    14 November 2019

    Spaces available

    The National Records of Scotland (NRS) collects, preserves and produces information about Scotland's people and history to inform current and future generations - work that underpins the fabric of Scottish society and tells the story of our nation. This KSS talk will explore the following and other areas impacting Scotland’s changing population, and assess the potential implications of the changes:

    • population statistics
    • life expectancy
    • changes in age structure
    • birth and death rates, including causes of death statistics.
  • Professional Skills Training - Edinburgh (14 November 19)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    14 November 2019

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Life Conference 2019

    The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 1
    20-22 November 2019
    Spaces available

    The Life Conference is the premier event for professionals interested in life insurance.  Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals.

  • Professional Skills Training - London (20 November 2019)

    Staple Inn Hall, High Holborn London WC1V 7Q
    20 November 2019

    Spaces available

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • ARC Workshop: Modelling Socio-Economic Differences in English Mortality

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    2 December 2019

    Spaces available

    Purpose
    The workshop will give participants detailed insights into how a large and detailed dataset can be used to assess levels of mortality inequality in England, using a number of novel statistical methods. We will also address the question: are regional variations in mortality real or imaginary?

  • Professional Skills Training - Edinburgh (3 December 19)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    3 December 2019

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • SIAS Event: Discount Rates are Flawed

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    3 December 2019

    Spaces available

    This talk will be given by Jon Spain who, as far back as 1983, has been working independently, trying to bring “long-term” back to UK actuarial thinking. His current focus is on discount rates (see discrate.com).

  • A Holistic Study into Cash flow Driven Investment

    Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR, UK
    4 December 2019

    Spaces available

    Given that Cashflow Driven Investment strategy has attracted growing interests from pension funds and insurers at the backdrop of current market conditions and clients’ circumstances, the objective of this event is to gather thought leaders from asset managers, banks and insurers to offer attendees their perspectives and insights on main aspects of consideration when adopting this strategy.

  • Professional Skills Training - London (10 December 2019)

    Staple Inn, High Holborn, London WC1V 7QJ  
    10 December 2019

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • SIAS Event: My Journey to Data Science, Big Data and AI

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    7 January 2020

    Spaces available

    Patrick Lee is an actuary who has made the transition to working in software architecture and artificial intelligence (AI). He holds Microsoft Professional qualifications in Data Science, Big Data and AI and is currently working towards a DevOps (the automation of software testing and deployment) qualification. He is a member of the IFoA Council and is also President of the Wessex Actuarial Society. He is also a member of the IFoA and the RSS's joint Data Science Focus Group and will talk on the ethical use of AI. 

  • Behavioural Finance Research Launch- 14 January 2020

    Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR
    14 January 2020

    Fully booked.

    We are delighted to announce the launch of the findings from our ARC funded Behavioural Finance research with a special evening event at Staple Inn on Tuesday 14th January 2020. Entitled Behavioural Aspects of Institutional Investment Decision-Making, this research programme is being delivered by City, University of London, Leeds University Business School and Ipsos.

    This event is now full. Please register for the waiting list.

  • IFoA Volunteer Recognition Reception

    Staple Inn, 4 High Holborn, Holborn, London WC1V 6DR, UK
    15 January 2020

    Spaces available

    As a thank you to all our Institute and Faculty of Actuaries (IFoA) volunteers, you are invited to join us at Staple Inn Hall, for an evening of drinks, canapes and networking, in London.

    IFoA President, John Taylor, will be attending and will make a speech

    If you support the IFoA as a volunteer (member or non-member), or in any other role, and you are going to be in London on 15 January, please book your place and join us at this reception.

     

  • Professional Skills Training - London (16 January 2020)

    Staple Inn, High Holborn, London WC1V 7QJ
    16 January 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - Edinburgh (23 January 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    23 January 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (11 February 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    11 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Sessional: Impact of E-cigarettes Working Party

    Royal College of Physicians, 9 Queen St, Edinburgh EH2 1JQ
    24 February 2020

    Spaces available

    This sessional meeting will be of direct interest to actuaries and others working in the in the Health and Care, Life or Pensions sectors or indeed actuaries with an interest in morbidity or mortality.

  • Professional Skills Training - Edinburgh (25 February 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    25 February 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    The sixth annual Asia Conference once again offers a prestigious line-up of home and international speakers discussing the insurance and financial industry’s innovation and change in Asia. This year's conference in Kuala Lumpur will be hosted by Tan Suee Chieh, IFoA’s first Asian President. He will also make his Presidential address at this conference and will expand on the important elements of IFoA’s new strategy. 

    Additionally, this landmark conference will showcase how the IFoA is reinventing itself to support its members to succeed and thrive in a digital age, within traditional businesses and beyond, as a global organisation. 

    No tot be missed by international industry players, opinion formers, academic and industry leaders, actuaries and non-actuaries.