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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.
Exemptions
Exemption applications are required for subjects written with accredited universities. To apply for exemptions, you must be a registered member of the Actuarial Society of South Africa and provide a letter of recommendation signed by the accreditation actuary at the accredited university.
Applications for exemptions can be made online via the ASSA member profile and payment can be made by credit card or via eft. Exemption fees can be found in the ASSA fees schedule; please ensure that you have the following required documents available when you make the online application:
- Letter of recommendation from the accreditation actuary at your university
- Your most recent university Academic transcript
Exemption Application Process
Note: Application process takes approximately 21 days.
- Complete online application on the ASSA Member Site
- Attach all documents and submit to ASSA:
- Letter of recommendation from the university’s Accreditation Actuary.
- A certified copy of your degree certificate.
- Original office Academic Record (i.e. not simply a printout from a website).
- Recommendation for exemption by the university’s Accreditation Actuary.
- Exams passed with other actuarial bodies.
- Exam or a programme completed with a recognized actuarial or other professional bodies – A certified copy of your exam certificate or alternatively, a certified official letter from the actuarial or other professional body.
- If you are applying for exemption from A401, please include a printout of your online results.
- ASSA issue invoices for payment
- Send POP to ASSA
- ASSA notifies student in writing of outcome
Please send your exemption POP to the ASSA finance office.
Contact: finance@actuarialsociety.org.za
This email is to be used for proof of payment purposes only. For all other exemptions queries, please use the member services contact provided below.
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 recognized 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 exemptions record will be incomplete, and as a result you will not appear on the final qualification pass lists.
- 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.
- For student member applications and exemptions to the IFoA, please refer to the subject mapping information document.
Mutual Recognition Agreements (MRA)
International recognition is formalized 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
