The Institute of Actuaries of India (IAI) is the governing body for actuaries’ profession in India. The IAI entered to the International Actuarial Association in 1979. In 1982 it was registered under Societies Registration Act XXI of 1960. IAI is also registered under Public Charitable Trust Act 1950. The IAI has the purpose to produce competent Actuary for booming financial market and hence to bring India among worlds’ leading economies.
The Institute of Actuaries of India (IAI) started conducting Actuarial Exam in 1989 first for Associate ship level and then in 1992 for fellowship level. The pattern of examination is based on UK Pattern and so as to comply with International Actuarial Association, the apex body across the world for all actuarial bodies.
The Institute of Actuaries of India (IAI) is headed by president, and then comes in the ladder vice president, honorary secretary and 11 other members.
Working group for a GN on Financial Condition Report (FCR) under non-life companies