Actuarial 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.

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 2021:

Mr. Kelvin Hii

Position
President

Company
MSIG Insurance Malaysia Berhad

Contact Information
president@actuaries.org.my

Ms. Sophia Ch’ng

Position
Immediate Past President

Company
Sunway University

Contact Information
president@actuaries.org.my

Mr. Gan Tze Lian

Position
Vice President

Company
Malaysian Life Reinsurance Group Berhad (MLRe)

Contact Information
vicepresident
@actuaries.org.my

Ms. Loh Sheng Chieh

Position
Secretary

Company
Deloitte Consulting (SEA) Sdn. Bhd.

Contact Information
secretary@actuaries.org.my

Ms. Lai Sze Qi

Position
Treasurer

Company
AIA General Berhad

Contact Information
treasurer@actuaries.org.my

Ms. Chin Xiao Wei

Position
Professional Development

Company
Allianz General Insurance Company

Contact Information
professionaldevelopment
@actuaries.org.my

Ms. Renuka Subramaniam

Position
Communications

Company
Milliman Advisors Sdn. Bhd.

Contact Information
webmaster@actuaries.org.my

Mr. Lim Horng Cherng

Position
Education

Company
Allianz General Insurance Company

Contact Information
education@actuaries.org.my

Mr. Tony Tan Chee Yew

Position
Events

Company
Malaysian Reinsurance Berhad

Contact Information
events@actuaries.org.my

Mr. Saiful Adli bin Aziz

Position
Auditor

Company
Deloitte Risk Advisory Sdn. Bhd.

Contact Information
auditor@actuaries.org.my

Professional Development Sub-Committee 2021:

Ms. Aiza Yasmin Benyamin

Position
Covid Working Group

Company
Actuarial Partners Consulting

Mr. Steven Claxton

Position
Banking

Company
SAS

Mr. Patrick Cheah

Position
Life

Company
Nicholas Actuarial Solutions

Mr. Tung Chee Lim

Position
General

Company
MNRB Holdings Berhad

Mr. Kelvin Hii

Position
Discount Rate Working Group

Company

MSIG Insurance Malaysia Berhad

Ms. Tan Sze Won

Position
Climate Risk Working Group

Company

KPMG

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 (2019 – 2020)

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.