On Monday night the Actuarial Society of South Africa held a formal dinner to launch their new actuarial qualification to the media and external stakeholders.
The launch of the new qualification is linked to a wider strategy of establishing the Actuarial Society as a full service professional body and is a tremendous milestone for the Society. The qualification is internationally recognised and a Mutual Recognition Agreement was signed with The Actuarial Profession (UK) in May.
The move is intended to ensure that actuaries have an in-depth knowledge of South African practice, products, legislation and tax, while also understanding international best practice.
The Actuarial Society of South Africa is looking to incorporate Enterprise Risk Management as part of the South African qualification at the earliest possible opportunity as this is a field of increasing interest to South African actuaries.
At GAAPS we wish the Actuarial Society of South Africa the best of luck in their latest venture.