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Institute of Actuaries of India

The Institute and Faculty of Actuaries (IFoA) and the Institute of Actuaries of India (IAI) signed a new Mutual Recognition Agreement (MRA) on the 10 November 2021.

You can view the Mutual Recognition Agreement (MRA) between the Institute and Faculty of Actuaries and the Institute of Actuaries of India (IAI) here.

Joining the IFoA

As a Fellow of the IFoA, you will be recognised world-wide as having the qualifications, ethics, outlook and life-long support you need, empowering you to succeed at the very top of your chosen profession and to serve the public interest in the societies in which you live.

If you are Fellow of IAI and would like join the IFoA as a Fellow, you can apply for mutual recognition under our Mutual Recognition Agreement (MRA) if you meet the following criteria: 

  • You have attained Fellowship of the IAI by completing the qualification requirements of IAI (not solely in recognition of membership of another actuarial association)
  • You are entitled to practise as a member of the IAI
  • In the event that there is no work experience requirement built into Fellowship of IAI, you have completed, as at the date of your application, at least three years post-qualification practical work-based experience of actuarial practice
  • You have undertaken a professionalism course as prescribed by IAI ; and
  • You 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 been subject, in accordance with the IAI’s disciplinary process.

You can find the full terms set out in the IAI Mutual Recognition Agreement (MRA).

How to apply

If you meet the criteria above, simply complete the Application for Consideration as a Fellow of the Institute and Faculty of Actuaries for Fellows of the Institute of Actuaries of India (IAI).

Please send your completed application to our Member Services Team.

Please check the application form and ensure you have included all documents.  You can send us digital copies of your signed application form and documents.

If you have any questions about your application, please contact our Member Services team, who will be happy to help you. 

You can also find answers to commonly asked questions on our IAI mutual recognition FAQ page.  

If you would like to find out more about the benefits of mutual recognition or speak to our India team you can contact us here

Joining the IAI

We’re here to support you on your career journey, wherever in the world it takes you.

If you are a Fellow of the IFoA and would like to join the IAI as a Fellow, you can find out how on the IAI website.

Related documents

Contact Details

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

memberservices@actuaries.org.uk

+44 131 240 1325

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

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Events calendar

  • Spaces available

    The Actuaries’ Carbon Collaboration (ACC) is a group of actuaries and other professionals working towards a coherent understanding of the issues around greenhouse gas (GHG) emissions by considering them in an actuarial context.

    Emissions into and absorption from the atmosphere can be modelled in the same way that we model variable cash flows, including the impacts of uncertain quantities and timing. The ACC’s work investigates both the insights that this analogy provides and its limitations.

  • Spaces available

    This talk presents the work of the Data and Modelling workstream of the IFoA Mental Health Working Party. We explore data and modelling considerations in the risk assessment and underwriting of mental health conditions. We will also consider how newer risk factors and improved data availability might open up opportunities for additional underwriting and product designs.

  • Pensions Dashboards

    12 July 2022

    Spaces available

    As the industry prepares for Pensions Dashboards, we have lined up a specialist panel who is at the heart of the ongoing work in this area. Hear the latest developments, future proposals and have the opportunity to put forward your questions to our speakers.

  • Spaces available

    Crisis management, the process by which an organization deals with a disruptive, sudden and unexpected event that threatens to harm the organization or its stakeholders, has become a key concern in the light of the Pandemic and Geopolitical risks.

  • Spaces available

    Artificial Intelligence is heralded as a game-changer to the ways industries use data, with the insurance industry especially looking to embrace these new technologies. This brings many questions – not least around data privacy, ethics, potential biases and so on – with regulators increasingly interested in developments.

    Moreover, whilst the stunning progress of specific technologies such as Watson and Alphazero made headlines some years ago, current commercial applications of AI remain far from mature.

  • Spaces available

    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

  • Spaces available

    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.

  • Spaces available

    The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.

  • Spaces available

    The IFoA's Infrastructure Working Party, led by Chris Lewin, will present its new introductory guide to infrastructure investment, which will be published on the IFoA web-site prior to the webinar.   Those readers whose institutions have already taken the plunge into infrastructure will know that it is a highly complex and diverse field of activity.   This guide does not explore all the matters which investors take into account, but it does discuss many of the more important points, including the risks and past returns, benchmarking, and ESG and SDG considerations.    Attendees will be invi

  • Spaces available

    Health contributes to happiness at the personal, family, community and societal level.  Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.