About UsActuarial Society of Malaysia

The Actuarial Society of Malaysia (Persatuan Aktuari Malaysia) was founded on 5th October 1978. We are the only representative body for the actuarial profession in Malaysia, and provide a platform for members of the actuarial profession to raise and discuss technical and public interest issues related to the practice of the profession.

To communicate such issues to relevant parties including the public, industry regulators and corporate stakeholders; to provide educational support to actuarial students and professional development to qualified actuaries; and to provide space for members of the profession to build relationships.

On 20th October 2003, we became a Full Member Association of the International Actuarial Association. We are committed to working towards becoming a fully-fledged professional body with a recognised examination and accreditation system.

ASM Council

The term of each council position is two years. Elections will be held at the Annual General Meeting (AGM) to determine new council members.

ASM Council 2024 / 2025

Ms. Aiza Yasmin Benyamin

Position

President

Company

Actuarial Partners Consulting

Mr. Daniel Nee Yong Hong

Position

President Elect

Company

Liberty Insurance Berhad

Ms. Nurliana Mat Lazim

Position

Vice President

Company

MCIS Insurance Berhad

Ms. Lim Shiao Shi

Position

Secretary

Company

FWD Technology and Innovation Malaysia Sdn Bhd

Mr. Neil Koo Hoo Siang

Position

Treasurer

Company

Zurich General Insurance Berhad

Mr. Yoon Yew Khuen

Position

Professional Development

Company

PwC Actuarial Services (M) Sdn Bhd

Email

professionaldevelopment @actuaries.org.my

Mr. Nur Amin Nurazmi

Position

Communications

Company

Takaful Ikhlas General Berhad

Ms. Sophia Ch’ng Sok Heang

Position

Education

Company

Sunway University

Mr. Aw Yong Chor Leong

Position

Events

Company

Labuan Reinsurance (L) Ltd

Mr. Loke Chang Yueh

Position

Auditor

Company

Great Eastern Life Assurance Malaysia Berhad

Professional Development Sub-committee 2024 / 2025

Mr. Ong Chin Yang

Position

General

Company

Income Insurance Ltd

Mr. Hamadah Othman

Position

Pensions & Social Security

Company

Tabung Haji

Ms. Sophia Ch’ng Sok Heang

Position

Life

Company

Sunway University

Mr. Yoon Yew Khuen

Position

Risk Management

Company

PwC Actuarial Services (M) Sdn Bhd

Ms. Tan Sze Won

Position

Climate Risk Working Group

Company

AIA Berhad

Mr. Ng Weng Chiat

Position

Data Science & Analytics Working Group

Company

Actuarial Partners Consulting

Past ASM Presidents (Chronological Order)

PresidentService Years
Mr. Steve Wong1979 – 1980
Mr. Patrick Poon1981 – 1982
Mr. Adrian Waddingham1983
Mr. Alex Foong Soo Hah1984 – 1986
En. Zainal Abidin Mohd Kassim1987 – 1988
Mr. Tan Suee Chieh1989 – 1990)
Mr. Thavanesan Karthigasu1991 – 1992
Mr. Vincent Kwo Shih Kang1993, 1995
Mr. Ng Keng Hooi1994
Y. Bhg. Dato’ Mohamed Hassan bin Md. Kamil1996 – 2002
Mr. Teh Loo Hai2003 – 2004
Mr. Lee Jiau Jiunn2005 – 2006
Mr. Raymond Lai You Kim2007 – 2008
Mr. Patrick Cheah Gim Guan2009 – 2010
Mr. Liew Pek Hin2011 – 2012
Mr. Yap Chee Keong2013 – 2014
Mr. Wan Saifulrizal Wan Ismail2015 – 2016
Mr. Gary Hoo2017 – 2018
Ms. Sophia Ch’ng Sok Heang2019 – 2020
Mr. Kelvin Hii Chee Yun2021 – 2022

Membership Classes

There are four membership classes under the ASM. The requirement for each are as follows:

Fellow

  • Fellow of one of the following:
    • Society of Actuaries (USA)
    • Casualty Actuarial Society (USA)
    • Institute and Faculty of Actuaries (UK)
    • Institute of Actuaries of Australia (Australia)
    • Canadian Institute of Actuaries (Canada)
  • Recommended by 2 Fellow members of the Society
  • Resident in Malaysia or deemed to be familiar with Malaysian conditions
  • At least 1 year’s experience in the Malaysian actuarial industry

Associate

  • Associate of one of the following:
    • Society of Actuaries (USA)
    • Casualty Actuarial Society (USA)
    • Institute and Faculty of Actuaries (UK)
    • Institute of Actuaries of Australia (Australia)
    • Canadian Institute of Actuaries (Canada)

OR

Passed examinations of any professional actuarial bodies to be recognized as Fellow, which is deemed to be at least equivalent to the examination requirements to become an Associate of the above actuarial bodies.

Ordinary

Satisfies one of the following:

  • Ordinary member of a professional actuarial body;
  • Passed at least 1 part/subject of the examinations of a professional actuarial body which has no class of Ordinary membership and is continuing to study for other examinations of the actuarial body;
  • Completed an actuarial course or other related statistical course in a university, college or other academic institute and has achieved a qualification thereof;
  • Carrying out actuarial or other related work in a life or non-life insurance company, government office or actuarial consulting office.
  • Nominated by 2 members of the Society

Student

  • Nominated by 2 persons from the Society or principal/Head of Department of the college/university.
  • Does not meet the requirements for admission as Fellow, Associate or Ordinary member; OR meets the requirements but is not gainfully employed and chooses to seek Student membership
  • Has a declared interest in actuarial matters
  • Undergraduate/postgraduate student in an actuarial-related program

To apply to become an ASM member, please go to our Membership Application page

Society Regulation

The ASM is a self-regulated body in Malaysia registered under the Registrar of Societies.

Constitution

The ASM Constitution can be downloaded here.

Professional Code of Conduct (PCC)

All ASM members are required to adhere to the Code of Conduct. The Code consists of basic ethics and principles that members are expected to abide by in carrying out their duties. The Code of Conduct (revised version effective 28 February 2014) can be downloaded here.

Continuous Professional Development (CPD)

All ASM Fellow members are required to fulfil a minimum number of CPD hours each year. The number of hours varies, depending on the professional role held. The CPD handbook for 2018 can be downloaded here.

Disciplinary Procedures

Disciplinary procedures have been put in place to uphold the integrity and professionalism of the society. The Disciplinary Scheme (effective 28 February 2014) can be downloaded here.

Personal Data Protection Notice

Actuarial Society of Malaysia cares about your personal data protection. This notice clarifies how Actuarial Society of Malaysia processes your data from the point we collect, use, share, dispose of, and the security measures that we established to ensure your personal data is well protected.


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