What does ASI mean in SOCIETIES

Actuarial science is a field that involves analyzing data to measure risks associated with insurance, pensions, investments, and other financial products. It uses mathematics, statistics, and financial theory to assess the probability that certain events will occur in order to advise organizations on how best to prepare for these events.

ASI provides a framework within which actuaries can practice their profession. It encourages research in new areas related to actuarial science and provides technical support services like conducting examinations and setting standards for its members. Additionally, it strives to raise awareness among policy makers and regulators about the importance of making proper use of actuarial concepts when making decisions.

To become a member of ASI, candidates must successfully complete all required examinations set by the Institute for Financial Management Studies recognized by the Society as qualified exams for membership purposes. Candidates must apply online form after registration with IFMS or SFM with relevant documents required for qualification evaluation process.

Yes, there is an annual fee payable by members which varies depending on one's qualifications; student/graduate/associate/fellow or honorary fellow. Membership fees can be paid via cheque or bank transfer.

Yes, it offers various other services such as organizing educational seminars and providing access to networking opportunities between professionals involved in this field. It also publishes several publications covering different aspects related to actuary science including technical papers written by experts.