Date & Time

-

Venue

Virtual (Zoom)

Maximum Qualifying Hours

0.00

Afternoon Forum -17 Feb 25

Revision of Admission Criteria for FSAS for Fellows from Category 2 Actuarial Associations (“C2AA”) and Afternoon Forum on the Development of these Criteria

Admission criteria as Fellow of SAS (“FSAS”) reflects the consensus of the membership.  That consensus changes over time, as evident by the path that fellows from Australia, Canada and CAS took before gaining recognition into our Constitution in 1997.  The last major review to admission criteria took place a decade ago, focusing on actuaries from continental Europe.  With the majority of members currently with FSAS gaining their designation after the last review, it is timely to have  another pulse check.   

Good actuarial judgement comes with practice.  It is believed that strong work experience can help bridge the perceived competency gap between fellowships awarded by Category 1 Actuarial Associations vs that by C2AAs.  (Refer to Constitution for definitions.)  Close to 40 Voting Members provided their views last year through a quantitative study which helped us discover what kind of work experience members deem strong enough.  The study led to development of a scoring system for different work experience profiles along dimensions such as duration, recency, and what tasks were performed.  For avoidance of doubt, minimum requirements of knowledge in actuarial theory and practice, 5 years post-qualification experience (“PQE”) with the C2AA, and good standing, remains part of the admission criteria.

The revised admission criteria for C2AA Fellows as FSAS have been approved by Council; and are now reflected in membership application form on SAS’ website.  You may refer to the new scoring system here.  Hope that this set of transparent and objective admission criteria helps to establish the tone of how SAS wishes to interact with the actuarial community.  If you or your friends who are not yet FSAS but have become eligible under these revised criteria, do apply for the FSAS designation now.     

For members who would like to learn more about how we have designed and executed last year’s quantitative study, and used the results to develop the scoring system, we have prepared an afternoon forum for you!  Here are the details:

  • Date: 17 February 2025 (Monday)
  • Time: 4.30pm
  • Mode: Virtual

FEES

  • Complimentary to all

ADDITIONAL DETAILS

  • Zoom dial-in link will be shared 1 day before the session.

Registration closing on Friday, 14 Feb 2025, 3pm .

Registration Form

Basic Information

Membership Class

Membership

Declarations

  • I agree to hereby release, waive, discharge and agree not to sue the Singapore Actuarial Society (SAS) and its officers, directors, members, volunteers and employees, for any and all claims or demands, obligations and/or causes of action of any nature whatsoever which I may have against the SAS and its officers, directors, members, volunteers, and employees, on account of any personal illness or injury, property damage, death or accident of any kind, arising out of or in any way connected with my participation in this event. 
  • I consent to my registration for and attendance of this event being made known to other parties, with information on the name of my employer or firm (if any) and on my country of residence.
  • I consent to receiving information and publicity related to this event from the SAS or any other organisation with which the SAS engages in the organisation and conduct of this event.
  • I consent for my photograph and/or video recording to be taken by the SAS and/or vendors engaged by SAS to record the proceedings of this event which may be made public in SAS publications, on the SAS website, on social media or in publications of organisations which the SAS engages to report on this event.
  • I agree that I will not be deemed to have registered for this event until I have made full payment of the registration fee required prior to the commencement of this event.
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