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Actuarial Society of India

You must meet the criteria set out in the Institute of Actuaries of India (IAI) (formerly Actuarial Society of India) before applying for mutual recognition

Under the terms of the Mutual Recognition Agreement (MRA) between the Institute and Faculty of Actuaries and the Institute of Actuaries of India (IAI) you must:

  • have attained full membership of the IAI by final examination in its examinations conducted in November 2000 or later including subject-specific exemptions granted by IAI for examinations of the Institute of Actuaries and Faculty of Actuaries (IFoA) and not in recognition of membership of another actuarial association
  • attest that you wish to pursue actively the profession of actuary in the UK or the Republic of Ireland or to advise on UK or Irish business
  • have at least three years’ recent appropriate practical experience of which at least one year must be of UK or Irish business
  • have attended a Fellowship professionalism course which is accredited by the IFoA as equivalent to the IFoA Professional Skills Course; and
  • at the same time as applying, disclose to the IFoA any public disciplinary sanctions that have been imposed against you by any actuarial organisation of which you are a member and authorise in writing the IAI to release relevant records to the IFoA concerning any adverse disciplinary determination, finding, sanction and/or penalty, to which you have been subject, in accordance with the IAI's disciplinary process.  Such records will be taken into consideration by the IFoA in considering the application, and may be retained by the IFoA thereafter for as long as is reasonably necessary.

The full terms are set out in the IAI Mutual Recognition Agreement (MRA).

If you are not currently a member of the IFoA you will need to become an affiliate member and apply for consideration as a Fellow to begin the mutual recognition application process

You must also include with your application:

  • a recent letter from your actuarial body confirming your membership status
  • a recent letter from your current employer confirming your length of employment
  • proof of higher education (university) and professional qualifications
  • proof of attendance at a professionalism course.

Your completed application must be sent to the Membership Team at the IFoA.  Please check the application form and ensure you have included all relevant documents.  You can send us digital copies of your signed application form and documents.

Related documents

Contact Details

If you have any questions about mutual recognition please contact or telephone:

membership@actuaries.org.uk

We aim to respond to all initial enquiries within two working days.

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Events calendar

  • Spaces available

    Drawing from his most recent book “The New Long Life” and his longevity research Andrew J Scott will outline how longer lives and new technologies will fundamentally reshape how we structure our lives and transform the economy. As well as looking at the agenda this will set governments and corporates he will focus on the implications for you and how you prepare your future career.

  • India Town Hall

    Webinar
    28 January 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual India Town Hall 2021, hosted by John Taylor with IFoA Council Member Mahidhara Davangere and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    What are the options for the world economy looking ahead?

    In this Thought Leadership Lecture, Economist, Vicky Pryce, will be discussing world economic trends, including the differences in geographical performance and how output is recovering and where.

  • Spaces available

    Trust and Leadership for Actuaries

    Led by Dr. Jim Baxter, University of Leeds, this webinar introduces some key ideas in the ethics of trust, with a particular focus on those in, or on the path to, leadership roles. Dr Baxter is joined by a panel of experienced leaders who will give their personal perspectives on how they understand the value of trust and how they seek to promote and inspire trust, drawing on their experiences of leadership. The panel includes:

  • Health and Care Hot Topics webinar

    Online webinar
    10 February 2021

    Spaces available

    In this webinar, we have two presentations showing the latest research on the implications for life and health insurers of two key issues: genomics and pandemic risk.

    Dr Peter Joshi and Paul Timmers will share their research on how well-established underwriting processes can allow for genomics in predicting expected mortality and morbidity. They will then discuss the potential for stratified screening and personalised medicine to improve health and reduce claim costs.

  • Spaces available

    As the world’s attention begins to turn to COP26 later this year in Glasgow, Sarah Gordon (Chief Executive, Impact Investing Institute) will share her vision for how the financial services industry can deliver for people and the planet, as well as how to encourage more investment with the intention to generate positive, measurable social and environmental impact alongside a financial return.

  • Sub-Saharan Africa Town Hall

    26 February 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual SSA Town Hall 2021, hosted by John Taylor with IFoA Council Members Mukami Njeru, Prosper Matiashe and IFoA Chief Executive, Stephen Mann.

  • MENAP Town Hall

    2 March 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual MENAP Town Hall 2021, hosted by John Taylor and IFoA Chief Executive, Stephen Mann.