The Institute of Actuaries of India is the sole Professional body of Actuaries in India. It was formed in September 1944 with the objectives of:
· Advancement of the Actuarial profession in India.
· Providing opportunities for interaction among members of the profession.
· Facilitating research, arranging lectures on relevant subjects.
· Providing facilities and guidance to those studying for the Actuarial exams.
The IAI was initially started as a non-examining body when Actuaries used to get qualified from Institute of Actuaries or Faculty of Actuaries of UK. The Actuarial
profession in India saw a downward trend in the early years of nationalization of the Indian insurance industry. This lead to reduction of actuarial inputs in both Life
Insurance and General Insurance management a nd insignificant input in other areas like Pensions, I insurance Regulations, Academics, etc. The downward trend
resulted in a reduction of number of students taking actuarial exams.
No comments:
Post a Comment