News

Actuarial Society of India Results finally out

So all the Actuarial Society of India results are finally out. It is unfortunate that the delay was such that there are only about two months left for the November exam diet. The results themselves were of very mixed-bag kind. (Among the highlights, thanks to the mess up by ASI in CT4 papers, 65 out of 67 people passed in CT4-103 part!)
Congratulations to all those who cleared papers and to those who did not (like myself): do not lose heart, keep the faith and carry on.
Anyways, in the last few weeks things have been quite tense, there were the results, job concerns as highlighted by Sonali Mehta and so much dirty politics happening in other actuarial groups, etc. So here's something for everyone to lighten up..
Bet you did not know that in one of the Batman comics, a featured villian was an actuary! Credit for this discovery goes to Meep, an actuarial professional based in NY. This is the link to her blog where you can see the comic page: Click here

Published: Sep 15, 2005 - 01:06 PM

Actuarial Society of India Results Postponed (again)

The pending June 2005 results which were supposed to be declared today have been postponed again(with the exception of CT3, CT6 and CT8. This time no fixed date has been given, quoting ASI people, "results are expected to be out by first week of september".

Published: Aug 31, 2005 - 08:23 PM

New Features

You might have noticed the new look of the site, I have also added some new features like Calendar, Study Groups, etc. Hope they are helpful to you all.
-Hardik

Published: Aug 29, 2005 - 05:17 PM

IOA - SOA Mutual Exemptions

Finally that day is here, actuarial career is now truly global. The Institute of Actuaries, UK and Society of Actuaries, USA have come upon mutual exemption agreements. This is absolutely wonderful news, now more empasis will be paid on actual studies itself rather than from which institute you give the exams from. You can download the subject mapping (which exam exempts you from what) by by clicking here. Discuss this here.

Published: Aug 05, 2005 - 05:04 PM

New Student Membership Last Date Extended

Owing to heavy rains in Mumbai, the last date for submission of application forms for new students interested in giving exams this November has been extended to 16th of August 2005.

Published: Aug 04, 2005 - 05:00 PM

Actuarial Society of India new phone numbers out

Earlier we had published new office address of ASI, now here's the full address WITH the new phone numbers:

Actuarial Society of India
302, Indian Globe Chambers,
142, Fort Street,
Off D N Road,
Mumbai - 400 001
Tel : +91 022 2262 6886/2269 1051
Fax: +91 022 22691052

Published: Jul 27, 2005 - 03:19 PM

G N Agarwal Interview

Domain-B recently interviewed Mr.G.N.Agarwal, vice president of Actuarial Society of India and the cheif (Actuarial) & Appointed Actuary of LIC.
It's an interesting interview where Mr.Agarwal talks about many important practicalities in insurance bussiness in India, especially in regards to opening up of insurance sector, LIC's future bussiness strategy and about how AIDS affects Indian insurance markets.
Click here to read the interview.

Published: Jul 20, 2005 - 03:12 AM

ASI shifts to new office

We will finally bid farewell to the legendary old ASI office, situated on 4th floor of Jeevan Udyog building where half the times lift never works. (What an elevator that is.. I think it is from pre-independence era). Heck, once there was a notice on the elevator door saying, 'Use at your own risk!'

Anyways, the new office is being shifted closer to CST (good for all who stay in central and harbour suburbs) and quoting ASI people,
"The new office has an area of around 3000 sq ft. The interior of the office is designed keeping in view its future needs and our international presence. It has various meeting and conference rooms designed to have small and large size meetings."
Here's the address,

Actuarial Society of India
302, Indian Globe Chambers
142, Fort Street,
Off D N Road,
Near CST (VT) Station
Mumbai - 400001

The new phone numbers would be posted as soon as we find out, so keep checking this website.

Published: Jul 16, 2005 - 05:46 PM

Government's Pension Liability 55% of GDP!

Pension actuaries sit tight, according to a report by Invest India Economic Foundation, the present value of government's pension liability stands at a whooping Rs.1,735,527 crores.

Quoting from this report:

India's future pension outgo for the existing central and state government employees has been estimated at a staggering Rs 1,735,527 crore (Rs 17355.27 billion) or 55.88 per cent of GDP at market prices of 2004-05, according to a study.

The implicit pension debt, the net present value of future pension to the existing central and state government employees, is "substantial" compared to the centre's internal public debt at 84.86 per cent of GDP, said the study authored by Guatam Bharadwaj of Invest India Economic Foundation and S S Dave of Centre for Monitoring of Indian Economy.

"It is only a conservative estimate and we have not taken into account the other segments for IPD like pensioners in the central, state and defence forces and the funding gap in the Employees Pension Scheme," Bharadwaj said.

Read the full report on Rediff.com

Published: Jul 16, 2005 - 03:16 AM