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.
Learn More About Actuarial Society of Malaysia
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 2023/24:
Ms. Aiza Yasmin Benyamin
Position
President
Company
Actuarial Partners Consulting
Contact Information
president@actuaries.org.my
Mr. Kelvin Hii Chee Yun
Position
Immediate Past President
Company
MSIG Insurance (Malaysia) Bhd
Contact Information
president@actuaries.org.my
Mr. Daniel Nee Yong Hong
Position
Vice President
Company
AmGeneral Insurance Berhad
Contact Information
vicepresident
@actuaries.org.my
Ms. Lim Shiao Shi
Position
Secretary
Company
Tokio Marine Life Insurance Malaysia Bhd
Contact Information
secretary@actuaries.org.my
Mr. Neil Koo Hoo Siang
Position
Treasurer
Company
Zurich General Insurance Berhad
Contact Information
treasurer@actuaries.org.my
Mr. Yoon Yew Khuen
Position
Professional Development
Company
PwC Actuarial Services (M) Sdn Bhd
Contact Information
professionaldevelopment
@actuaries.org.my
Mr. Nur Amin Nurazmi
Position
Communications
Company
Takaful Ikhlas General Berhad
Contact Information
webmaster@actuaries.org.my
Ms. Sophia Ch’ng Sok Heang
Position
Education
Company
Sunway University
Contact Information
education@actuaries.org.my
Mr. Aw Yong Chor Leong
Position
Events
Company
Labuan Reinsurance (L) Ltd
Contact Information
events@actuaries.org.my
Mr. Loke Chang Yueh
Position
Auditor
Company
Great Eastern Life Assurance Malaysia Berhad
Contact Information
auditor@actuaries.org.my
Professional Development Sub-Committee 2023:
Mr. Ong Chin Yang
Position
General
Company
Hannover Rück SE
Mr. Hamadah Othman
Position
Pensions & Social Security
Company
Actuarial Partners Consulting
Ms. Sophia Ch’ng Sok Heang
Position
Life
Company
Sunway University
Mr. Patrick Cheah
Position
Risk Management
Company
PwC Malaysia
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)
Mr. Steve Wong (1979 – 1980)
Mr. Patrick Poon (1981 – 1982)
Mr. Adrian Waddingham (1983)
Mr. Alex Foong Soo Hah (1984 – 1986)
En. Zainal Abidin Mohd Kassim (1987 – 1988)
Mr. Tan Suee Chieh (1989 – 1990)
Mr. Thavanesan Karthigasu (1991 – 1992)
Mr. Vincent Kwo Shih Kang (1993, 1995)
Mr. Ng Keng Hooi (1994)
Y. Bhg. Dato’ Mohamed Hassan bin Md. Kamil (1996 – 2002)
Mr. Teh Loo Hai (2003 – 2004)
Mr. Lee Jiau Jiunn (2005 – 2006)
Mr. Raymond Lai You Kim (2007 – 2008)
Mr. Patrick Cheah Gim Guan (2009 – 2010)
Mr. Liew Pek Hin (2011 – 2012)
Mr. Yap Chee Keong (2013 – 2014)
Mr. Wan Saifulrizal Wan Ismail (2015 – 2016)
Mr. Gary Hoo (2017 – 2018)
Ms. Sophia Ch’ng Sok Heang (2019 – 2020)
Mr. Kelvin Hii Chee Yun (2021-2022)
Membership Classes
There are four membership classes under the ASM:
1) Fellow
2) Associate
3) Ordinary
4) Student
The requirements for each class 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; OR
- 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; OR
- Completed an actuarial course or other related statistical course in a university, college or other academic institute and has achieved a qualification thereof; OR
- 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.
