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.
Technical Member
- Recognise achievement of successfully completion of the A1 and A2 level and the Normative Skills Foundation APP
- May not use the title “actuary” which is reserved only for Associate and Fellow members
- Recognises proficiency in foundation and intermediate technical skills after successful completion of the prescribed examination programme also differentiating members from students who have not yet attained this proficiency
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 A211 examination as a non-member is permitted.
Contact memberservices@actuarialsociety.org.za for assistance with the application process or for more information. Please note that the deadline for applications for the A211 exam is published on the ASSA Calendar.