Mission and Vision

VISION 

The vision of the Actuarial Society is an actuarial profession of substance and stature, serving, and valued by, our communities as a primary source of authoritative advice and thought leadership in the understanding, modeling and management of financial and other measurable risk.

MISSION STATEMENT

The Actuarial Society will:

• Ensure the relevance and enhance the role and reputation of the profession, both in South Africa and within the international actuarial community;
• Develop the expertise and skills of members and expand these to meet new opportunities as conditions change;
• Require that the professional conduct and skills of members meet the highest standards;
  Harness the expertise of our members to establish a position of thought leadership to inform public debate;

The Actuarial Society of South Africa (“ASSA”) is the professional organisation for actuaries and actuarial students in South Africa. It is a founding member of the International Actuarial Association (“IAA”) in its current form, and the ASSA President represents the South African profession on the IAA Council.

In South Africa, most actuaries are employed in the financial services sector, where their skills are utilised in financial decision-making. By analysing past events and assessing present risks, actuaries can demonstrate the future long term financial results of decisions. This allows companies and individuals to safeguard their future, confidently and at a fair price, in an ever-changing world. The application of actuarial science to various social and financial problems has resulted in actuaries being referred to as financial architects or social mathematicians.