Membership Classes

There are four membership classes under the ASM:

1)      Fellow

2)      Associate

3)      Ordinary

4)      Student

 

The requirements for each class are as follows:

 

Fellow

- Fellow of one of the following:

  • Society of Actuaries (USA)
  • Casualty Actuarial Society (USA)
  • Institute and Faculty of Actuaries (UK)
  • Institute of Actuaries of Australia (Australia)
  • Canadian Institute of Actuaries (Canada)

- Recommended by 2 Fellow members of the Society

- Resident in Malaysia or deemed to be familiar with Malaysian conditions

- At least 1 year’s experience in the Malaysian actuarial industry

 

Associate

- Associate of one of the following:

  • Society of Actuaries (USA)
  • Casualty Actuarial Society (USA)
  • Institute and Faculty of Actuaries (UK)
  • Institute of Actuaries of Australia (Australia)
  • Canadian Institute of Actuaries (Canada)

OR

- Passed examinations of any professional actuarial bodies to be recognized as Fellow, which is
deemed to be at least equivalent to the examination requirements to become an Associate of the
above actuarial bodies.

 

Ordinary

- Satisfies one of the following:

  • Ordinary member of a professional actuarial body; OR
  • Passed at least 1 part/subject of the examinations of a professional actuarial body which has no class of Ordinary membership and is continuing to study for other examinations of the actuarial body; OR
  • Completed an actuarial course or other related statistical course in a university, college  or other academic institute and has achieved a qualification thereof; OR
  • Carrying out actuarial or other related work in a life or non-life insurance company, government office or actuarial consulting office.

- Nominated by 2 members of the Society

 

Student

- Nominated by 2 persons from the Society or principal/Head of Department of the college/university.

- Does not meet the requirements for admission as Fellow, Associate or Ordinary member; OR meets the requirements but is not gainfully employed and chooses to seek Student membership

- Has a declared interest in actuarial matters

- Undergraduate/postgraduate student in an actuarial-related program

 

To apply to become an ASM member, please go to our Membership Application page