APPLICATION OPTIONS

Categories of membership with ASSA is dependent on the individual’s interest and impact on the actuarial profession, the access to activities and events offered as well as the receipt of relevant communication. All membership applications are reviewed through the ASSA Council and Admissions governance process for approval.

 

N.B: Education transactions towards obtaining an ASSA designation requires admission as an ASSA student member.

• Interest Group

High school learners, educators and non-actuarial tertiary students with an interest in understanding and pursuing studies in actuarial science.

• Non-member:

Individuals who are interested in transacting with ASSA for a specific event, activity or role that allows for non-members of ASSA to participate. Where relevant, payment will be expected upfront and via credit card only.

• Affiliate :

Individuals with membership from other industry-specific professional bodies to access ASSA membership transactions such as CPD events, relevant communication, and participation at member rates. A recommendation from a FASSA is required to support this application.

• Affiliate Actuarial:

Individuals who are designated Fellows from a mutually recognised member organisation and wish to be recognised and engage with the South African industry. Individuals may access all events, receive all communication and enjoy member rates when participating and transacting with ASSA.

• ASSA Student Member

Individuals who are journeying towards their professional actuarial designations must first apply for ASSA student membership to access exams, process exemptions and to progress their actuarial career. Specific requirements must be met and the application must be fully completed.

 

Please contact: memberservices@actuarialsociety.org.za for more information.

APPLICATION FOR CRITICAL SKILLS / PERMANENT RESIDENCY LETTERS

To apply for a critical skills / permanent residency letter, you need to read the following document carefully Guidelines for critical skills confirmation 2023.pdf and meet the following requirements:

• Currently an active member in good standing for at least 6 months i. member subscriptions for the current year must be paid in full without an outstanding balance on the account.

 

• Has the necessary qualifications and work experience:

o    Has graduated with an actuarial degree from a level 2 ASSA accredited university.

o Has graduated with an accepted bachelor’s degree and has met the ASSA student admission requirements.

o    Has at least 2 years’ working experience in the financial sector (FAIS requirements in South Africa require a minimum of two years under supervision for applicants who are entering the field for the first time.)

• Has a current offer of employment from a verifiable organisation where the position will contribute to the actuarial profession. A copy of the appointment letter is required.
• Must have completed at least 5 of the required Core Technical exams towards the Technical Membership with ASS

 

• If the member is already a qualified Fellow actuary with a professional organisation with whom ASSA has a Mutual Recognition Agreement, the process for admission as an Affiliate member must be followed with confirmed intention to becoming a FASSA.

 

APPLICATION PROCESS

The initial/renewal enquiry and supporting documentation are to be emailed to: Nicky September nseptember@actuarialsociety.org.za

The application can take up to 2 weeks for review and approval.

The admin fee for the letter is currently R5 840 incl VAT. Proof of payment is required before the letter can be issued.

Once the letter has been issued and the applicant is successful in obtaining the visa it is a requirement for the applicant to remain a member of ASSA. Annual membership renewal subscription period begins in November of the current year and ASSA is obligated to inform the DHA when membership lapses.

Please note: Each application will be considered on its own merit, however the above will serve as guidelines.

*The Actuarial Society of South Africa (ASSA) reserves the right to refuse the issuing of a confirmation of critical skills / permanent residence letter. *

Members declaration on application:

• I am a lawful person of good standing both professionally and personally
• I am familiar with and comply with the professional code of conduct
• I accept the privacy policy provisions that governs information flows

ASSA reserves the right to call for original documentation.