Membership Categories

Designated members

The Society offers a universe of designations that promote the actuarial profession either directly or indirectly. Rigorous academic and professional standards are set in developing the curriculum pathway to these designations.

Fellowship (FASSA)

  • Successful completion of the prescribed examination programme
  • In-depth specialisation in any one of the main practice areas
  • Met all prescribed requirements on fellowship professionalism
  • Able to challenge thinking particularly in applying actuarial judgment
  • þ Required designation for selected statutory roles in South Africa
  • Training, experience and ability demonstrated through work based learning
  • Eligible membership through mutual recognition subject to conditions
  • Voting members of the society

Associateship (AMASSA)

  • Successful completion of the prescribed examination programme
  • Apply actuarial techniques to a wide variety of areas
  • General background in financial risk management
  • Met all prescribed requirements on associate professionalism
  • Able to apply normative skills alongside technical skills
  • Training, experience and ability demonstrated through work based learning
  • Eligible for membership through mutual recognition subject to conditions
  • Voting members of the society

Chartered Enterprise Risk Actuary (CERA)

  • Successful completion of the prescribed examination programme
  • Must be a fellow or associate member of a recognised actuarial body
  • Globally recognised designation by CERA Global Association
  • Able to practice as an enterprise risk management [ERM] practitioner
  • Driving better business decisions

Non-designated members

Non-designated members

Honorary members

  • Granted by Council
  • To persons that have rendered or is able to render particularly valuable assistance in
  • Promoting the objectives of the society

Affiliated members

  • Member by examination of another professional body that specialises in one or more areas; or
  • Partner / principal of a professional firm involved in one or more areas of specialisation; or
  • Executive position in a business involved in one or more areas of specialisation;
  • Two professional referrals of which at least one must be a fellow of ASSA

Areas of specialisation include capital projects, corporate finance, derivatives, enterprise and financial risk management, general insurance, healthcare, investment, life insurance, pensions, personal finance, statistics

Student members

  • Membership required to enter for examinations or apply for exemptions
  • Must meet the prescribed academic and performance requirements to becoming a student member
  • Two professional referrals of which at least one must be a fellow of ASSA

Library members

  • Interest in actuarial science; or
  • Provides a critical support role to members of the actuarial fraternity
  • Not eligible for membership in another membership category
  • Receives general communication and notices sent by the society
  • At least one referral from a fellow of ASSA

Non-members

  • Applies in isolated instances only
  • Targeting persons that wish to pursue actuarial studies
  • Not eligible for student membership
  • No de-registration of exams permitted
  • No credit granted

Currently admission to write the A201 examination as a non-member is permitted.