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Practising Certificates 

A Practising Certificate is set up to certify that an actuary meets certain requirements to practice in a specific area in a South African context, with specific reference to requirements for statutory purposes.

These certificates are required for:

  • The statutory actuary of long-term insurers
  • The valuator of retirement funds (defined benefit and defined contribution)
  • Members for tribunal in terms of section 15K of the Pension Funds Act
  • Valuators of friendly societies
  • Healthcare actuaries
  • The statutory actuary of short-term insurers

Practising Certificates will only be issued (or renewed) for applicants who are employed by Registered Service Providers, or if they themselves have been registered as such. The Employer Relationships page contains details about the formal agreements between the Actuarial Society and employers of actuaries, including information about Registered Service Providers.

Important general notes on the requirements for Practising Certificates: General Notes (pdf) 

Please submit completed forms to Wim Els at wels@actuarialsociety.org.za

Healthcare 

Practising Certificate requirements:
PractisingCertificate-HealthcareRequirements (pdf)

Application forms:
PractisingCertificate-HealthcareFirstApplication (pdf)
PractisingCertificate-HealthcareRenewalApplication (pdf) 

Life Assurance 

Practising Certificate requirements:
PractisingCertificate-LifeAssuranceRequirements (pdf)

Application forms:
PractisingCertificate-LifeAssuranceFirstApplication (doc)
PractisingCertificate-LifeAssuranceRenewalApplication (doc) 

Retirement Funds and Friendly Societies 

In terms of an agreement between the Actuarial Society and the Financial Services Board (FSB), valuators of retirement funds must hold valid practising certificates, issued by the Actuarial Society. Individuals who wish to apply for approval as valuators should obtain the relevant practising certificate from the Actuarial Society, and submit the original, or a certified copy, to the FSB, together with the duly completed application forms.

A holder of a practising certificate for members for the tribunal in terms of section 15K of the Pension Funds Act will be deemed to fulfil the requirements for a valuator of retirement funds.

Practising Certificate requirements:

Application forms (for both Retirement Funds and Friendly Societies):
PractisingCertificate-RetirementFundsFirstApplication
PractisingCertificates-RetirementFunds-RenewalApplication

Short-term Insurance 

Practising certificate requirements:
PractisingCertificate-ShortTermInsuranceRequirements (pdf) 

Application forms:
PractisingCertificate-ShortTermInsurance-FirstApplication (pdf)
PractisingCertificate-ShortTermInsurance-RenewalApplication (pdf)