Welcome to the Society of Actuaries in Ireland
The Society of Actuaries in Ireland is the professional body representing the actuarial profession in Ireland. The Society is dedicated to serving the public by fostering the highest standards of professionalism and competence in actuarial practice.
Our Vision is that Actuaries are trusted as experts in evaluating risk and financial uncertainty.
Our Mission is to:
- Support actuaries throughout their career so that they have the skills, attributes and knowledge appropriate to their roles and the current and future needs of actuarial practice;
- Develop, maintain and enforce actuarial standards that require actuaries to advise their clients with integrity, professionalism and objectivity;
- Serve the public interest by promoting thought leadership and contributing as an independent voice on matters where an actuarial perspective can add value.
The Society’s aspirations represent the values and principles which guide our activities.
- A career as an actuary is an attractive proposition to a diverse range of students.
- The Society is recognised as an inclusive organisation that supports its members throughout their careers.
- Members are engaged, have a good understanding of the work of the Society and value the range of support and development opportunities provided.
- Members are enabled to reach out into new areas of work (including wider fields).
- Members are open to volunteering for Society work and value the personal rewards of this activity.
- The Society and its members adapt to meet the needs of a changing environment.
- Employers have a good understanding of the work of the Society and place a value on the FSAI designation as a mark of quality.
- Employers are supportive of their employees’ volunteering commitments to the Society.
Professionalism and Standards
- The Society’s framework of professional standards and supports is fit for purpose.
- Members have a good understanding of their professional obligations.
- Members are willing to act on their concerns in regard to unethical practices or poor work standards.
- The Society retains the trust and respect of policymakers and relevant industry supervisors and is seen as having an independent voice.
- The insights and expertise of the Society and its members are welcomed by other professional bodies and industry sectors.
- The Society provides informed and objective position statements on matters of public interest.
- The Society promotes the benefits of, and actively supports, new actuarial research.
All members must comply with the Society's Code of Professional Conduct. The Society also issues Actuarial Standards of Practice (ASPs) to members on specific areas of practice. A Disciplinary Scheme is in place.
See Standards and Regulations for further details.
The Society regularly organises CPD events at which a member or guest presents for discussion a paper on a topical or academic issue. Seminars are also held from time to time as are meetings on current issues. The Society publishes a Newsletter and monthly eNews updates, which keep members informed on Society matters, current issues, items of news and forthcoming events. The Society also organises social events for members.
The Society is not an examining body - most members qualify through the professional examinations and experience requirements of the Institute and Faculty of Actuaries, which is an United Kingdom body.
See www.actuaries.org.uk for further details.
Diversity, Equity, Accessibility and Inclusion Committee (DEAI) - Mission Statement
The Society of Actuaries in Ireland is committed to creating and promoting an environment of diversity and inclusivity for all its current and aspiring members.
Diversity is about recognising, understanding and respecting our uniqueness and difference in terms of backgrounds, beliefs, life experience, perspectives, personality, skills.
Inclusion is a matter of valuing and celebrating the diversity of our members - bringing together our unique perspectives and capabilities makes us more innovative, better positioned to meet the needs of our Society/members, employers and the wider community – together we are stronger.
As a Society, we will:
- Encourage behaviours, processes and practices that create a culture promoting equality, diversity and inclusion for all members
- Work towards a position where the demographics of our membership are more diverse and the Society is recognised as welcoming to the widest strands of society;
- In the public interest, advocate for diversity and inclusion in the business environments in which our members work.
Focusing on Members, we will:
- Advocate that the services offered by the Society are accessible by all members
- Create a culture of inclusion and growth to help members achieve their potential, where diversity of thought and uniqueness of perspective are encouraged and valued. This will be an open environment for members to freely discuss issues that impact their everyday lives
For Employers, we will advocate for our members to:
Highlight the business case for encouraging diversity – diverse perspectives breed innovation. Diversity of thought brings added-value to those who employ actuaries and to society in general. Diversity enhances problem solving:
- Difficult questions are asked
- Ideas are critically challenged
- Alternatives are considered
The Diversity, Equity, Accessibility and Inclusion Committee (DEAI), will devise relevant metrics and success measures to meet these goals and will hold themselves accountable.