Institute of Actuaries of India (IAI) – The National Actuarial Body
The Institute of Actuaries of India (IAI) is the professional body that regulates and develops the actuarial profession in India. Established under the Actuaries Act, 2006, IAI is recognized by the Government of India as the sole authority to grant actuarial qualifications in the country.
What Does IAI Do?
- Professional Qualifications – IAI awards the designations of Associate (AIAI) and Fellow (FIAI), achieved through a structured series of actuarial exams, professional training, and practical experience.
- Actuarial Exams & Training – Its exam structure covers mathematics, probability, statistics, economics, finance, life insurance, general insurance, pensions, investments, and risk management, with alignment to global standards.
- Education & Research – IAI drives actuarial knowledge through research, seminars, journals, and industry collaboration, with focus areas like insurance, pensions, social security, and enterprise risk management.
- National & International Role – While being India’s regulatory body for actuaries, IAI is also a member of the International Actuarial Association (IAA), ensuring its qualifications have global recognition.
