Actuarial Society of South Africa

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The Actuarial Society of South Africa, is the governing body for the actuarial profession in South Africa.

Fellowship to the Society is now gained by passing the prescribed examinations of the Actuarial Society. This is a new development with the South African qualification in place from 2010. Fellowship was traditionally gained through exams written through other recognised actuarial organisations, mostly the Institute of Actuaries in London or the Faculty of Actuaries in Edinburgh. Fellows may add FASSA (Fellow of the Actuarial Society of South Africa) after their names. The FASSA qualification has mutual recognition with the Institute and Faculty of Actuaries, the Institute of Actuaries of Australia and the Society of Actuaries in Ireland.

History

• The Actuarial Society of South Africa held its inaugural meeting on 22 December 1948.
• SA 56-62 Mortality Tables were published in 1966.
• The first annual Convention was held in Sea Point in 1972.
• The first Murray Medal was awarded to Tom Murray in 1973.
• The JSE-Actuaries Index was launched in 1978.
• Volume 1 of the South African Actuarial Journal was published in 2001.
• The South African actuarial qualification launched formally on November 23, 2009.
• The Actuarial Society of South Africa hosted the 29th International Congress of Actuaries from 7–12 March 2010; this was the first time the event was held in Africa.

Current affairs

• The current President is Peter Doyle and the President-Elect is Themba Gamedze.
• Over the past three years, the Society has transformed into a full service professional organisation, including the development of the local education system, and significant constitutional changes.
• There are now 12 people working for the Society in their secretariat.

Past Presidents of the Actuarial Society

By convention Actuarial Society presidents take office following the AGM at the Conventions, usually held in October or November. In 2001 their term was changed from one to two years and the office of Immediate Past President was abolished. In 2009, the President's term was changed so that the handover occurred at the end of the calendar year.

This section requires expansion.

• 1948- D Spence-Fraser

• 1988-1989 Donald Fabian

• 1992-1993 Peter Milburn-Pyle
• 1993-1994 Mike Levett
• 1994-1995 Douglas Keir
• 1995-1996 Desmond Smith
• 1996-1997 Steve Handler
• 1997-1998 Reg Munro
• 1998-1999 Blignault Gouws
• 1999-2000 Paul Truyens
• 2000-2001 Mike Codron
• 2001-2003 Joubert Ferraira
• 2003-2005 Janina Slawski
• 2005-2007 Adrian Baskir
• 2007-2009 Garth Griffin

External links

• Actuarial Society official website

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