History
The ASI was initially started as a non-examining body when Actuaries used to get qualified from Institute of Actuaries or Faculty of Actuaries of the United Kingdom. The actuarial profession in India saw a downward trend in the early years of nationalization of the Indian insurance industry. This led to a reduction of actuarial input in both life insurance and general insurance management, and insignificant input in other areas such as pensions, insurance regulations, and academics. The downward trend resulted in a reduction of number of students taking actuarial exams. In the last few years, the actuarial profession in India has experienced tremendous growth. The ASI has grown as well with around 3,000 student members joining the society. The current president of ASI is Mr. Liyaquat Khan.
Read more about this topic: Institute Of Actuaries Of India
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