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ASSA Member
The Student Admissions Committee will, subject to its discretion, admit as student members of the Actuarial Society applicants who satisfy the academic requirements outlined in the admission criteria.
Students may apply for exemptions during the registration period.
Non-Member
Students who apply to write Financial Mathematics (A211) as non-members must follow the non-member application process.
Exemption Applications
Exemptions are granted for subjects completed at ASSA accredited universities.
To apply for exemptions, you must be a registered member of ASSA. Refer to the Becoming a Student Member section above for more details.
Applications for exemptions are made online via your ASSA member profile. Payment can be made by credit card or EFT. Exemption fees are listed in the ASSA Fees Schedule below.
Exemption Application Process
Note: Before applying online, ensure you have:
- Completed the online application
- Log in to your ASSA member profile and submit your exemption
- Attached the required documentation
- Exemption Recommendation Letter: This is a letter from your university’s accreditation actuary and must be on an official university letterhead and signed
- Final Statement of Academic Record: This is your official, comprehensive final statement of academic record issued by your tertiary institution (i.e. academic transcript)
NB: Exemption requests that fall outside the standard exemption process, are to be directed to the ASSA office
Processing Time: Exemptions are processed within 21 business days after payment is received, subject to successful verification of your documentation. Please ensure your submission is accurate and complete to avoid delays
Contact: assaadmin@actuarialsociety.org.za
Exemption Payment Process
- Following application, ASSA will issue an invoice for payment to your ASSA member account
- Once invoiced, the fee becomes payable, and any outstanding balance may prevent registration for other ASSA activities
Please ensure you are able to meet the exemption fee before submitting your application - Email your POP to the ASSA office to avoid delays in processing
Contact: assaadmin@actuarialsociety.org.za
Notification of Outcome
- Once documents have been reviewed and payment is received in full, you will receive a notification from ASSA, and your ASSA academic record will be updated
Important Information
The Actuarial Profession strongly advises you to:
- Apply for your exemptions as soon as possible after completing and passing one or more of the recognised qualifications.
- Contact the Actuarial Society immediately if you are concerned that our records do not hold details of exemptions you may be entitled to.
- If you do not formally apply for exemptions you believe you are eligible for, or if you are eligible for an exemption but do not pay the relevant fee, your ASSA academic record will be incomplete.
- There is not a specified period within which you should apply for an exemption, however some of your exemptions may no longer be valid if there is a material change to the subject structure of the curriculum so that the relevant subject does not map to an equivalent subject in the new system. Any applications should also be based on a recommendation by the accredited institutions, and we cannot accept any applications if the institutions do not have record or can’t validate the applications. We therefore strongly advise you to apply for your exemptions as soon as possible after becoming a member or after completing an actuarial qualification at an accredited university.
- Exemption applications with reference to subjects passed through the UK IFoA before April 2010 will have to be processed manually and will have no cost. Please contact the ASSA member services team to make these 2010 exemption applications.
Contact: assaadmin@actuarialsociety.org.za
Mutual Recognition Agreements (MRA)
International recognition is formalised by the signing of mutual recognition agreements (MRAs) between professional actuarial associations in different countries. MRAs recognise the equivalence of qualifications and facilitate admission to membership of associations in other countries with the corresponding professional designation, subject to certain conditions.
- Applies to fellow and associate members of IAA member bodies where Mutual Recognition Agreements (MRA) have been concluded
- Offering an internationally recognised professional qualification for local members
- Supports the provision of critical skills locally by attracting foreign members
Mutual Recognition Agreements concluded:
Koninklijk Actuarieel Genootschap
Date signed: 15 October 2015
Country: Netherland
Canadian Institute of Actuaries
Date signed: 15 October 2015
Country: Canada
Institute and Faculty of Actuaries
Date signed: 30 October 2014
Country: United Kingdom
Institute of Actuaries of Australia
Date signed: 19 November 2009
Country: Australia
Deutche Aktuarvereinging
Date signed: 11 April 2015
Country: Germany
Society of Actuaries in Ireland
Date signed: 03 March 2010
Country: Ireland
Actuarial Association of Europe
Date signed: 01 January 2014
Country: Europe
Casualty Actuarial Society
Date signed: 30 November 2016
Country: USA
