There are five categories of membership of the Society of Actuaries in Ireland.
You may apply to become a Fellow of the Society of Actuaries in Ireland if you wish to practice as an actuary in Ireland and any of the following applies:
- You have completed the exams and work-based skills / work experience currently required to become a Fellow of the Institute and Faculty of Actuaries and you undertake to attend, within 1 year, a professionalism course organised or approved by the Society;
- You are a full member of a European actuarial association that is a signatory of the Actuarial Association of Europe (formerly Groupe Consultatif) Mutual Recognition Agreement. For further details, see Actuarial Association of Europe MRA. Fellows of the Institute and Faculty of Actuaries (IFoA) who qualified as such under a programme of IFoA exams other than the current IFoA programme may apply under the terms of this MRA.
- You are a Fellow of the (US) Society of Actuaries, Canadian Institute of Actuaries, Institute of Actuaries of Australia or Actuarial Society of South Africa and you apply under the terms of the Society’s Mutual Recognition Agreements with these associations:
- You are a Fellow of the Casualty Actuarial Society and you meet examination and experience requirements, and undertake to complete professionalism training, prescribed by the Society. The requirements are consistent with those that apply to applicants under the above Mutual Recognition Agreement with the (US) Society of Actuaries.
The Society recommends that any person who works in Ireland in an actuarial capacity, or provides actuarial advice or services to an employer or client in Ireland, on a regular or full-time basis should apply to Council to become a member of the Society. In most circumstances, in addition to the conditions mentioned above, a period of suitable work experience and/or an undertaking to attend a professionalism course will be required before an applicant will be accepted as a Fellow of the Society. In the meantime, the applicant may be accepted as an Associate or Affiliate.
You may apply to become an Associate of the Society of Actuaries in Ireland if:
- You have completed the exams and work-based skills / work experience currently or previously required to become an Associate of the Institute and Faculty of Actuaries and, if so required by the Society, you undertake to attend, within 1 year, a professionalism course organised or approved by the Society; or
- You are an Associate of the Actuarial Society of South Africa and you apply under the terms of the Society' Mutual Recognition Agreement with that association; or
- You would be eligible to apply to become a Fellow of the Society but for the fact that you do not meet requirements for Irish experience specified in a relevant mutual recognition agreement or otherwise prescribed by the Society.
You may apply to become a Student of the Society of Actuaries in Ireland if you are a Student of the Institute and Faculty of Actuaries.
Council from time to time elects Honorary Fellows. Council does so at its discretion. Council elects people whom it considers proper to admit by reason of their position or experience or by reason of their eminence in the actuarial profession or otherwise. Currently, our eminent Honorary Fellows are: Professor Alan Barrett, Professor Philip Boland, Professor Phelim Boyle, Professor Niamh Brennan, Professor Emmanuel Buffet, Mrs Mary Butler, Professor Patrick Honohan, Mr Chand Kohli, Mr Tom Ross and Professor Alastair Wood. Deceased Honorary Fellows include Dr. Garret FitzGerald and Professor Brendan Walsh.
Council may admit as Affiliates people who possess such qualifications as Council shall deem appropriate or whom Council at its discretion considers proper to admit by reason of their position or experience. For further details, please see the Affiliate Membership Brochure and Application Form here.
The Actuarial Profession in Ireland
Click here to download a copy of 'The Actuarial Profession in Ireland'; a two page document prepared by a sub group of the Wider Fields Committee, which was created to provide a ready made mechanism for communicating the activities, scale of presence, development and reputation of the profession in Ireland, with a view to supporting the further development of the profession