Institute Of Actuaries

What Does Institute Of Actuaries Mean?

The Institute of Actuaries, founded in 1848, was a professional organization based in England. Its role was to officially represent actuaries in the United Kingdom.

Insuranceopedia Explains Institute Of Actuaries

The Institute of Actuaries set standards for professional behavior and held the authority to discipline members who did not adhere to its standards and code of conduct.

Until its merger with Scotland’s Faculty of Actuaries in 2010, the Institute was the oldest professional actuarial body in the world. As of August 1, 2010, the two bodies combined to form the Institute and Faculty of Actuaries.