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Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman

Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman

by AIP Online Bureau | Feb 24, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Reinsurance, Risk Management

“The United States has more than 40 fellow actuaries per million people and the United Kingdom more than 250, while India has fewer than one per million. Compounding this, IAI’s(Institute of Actuaries) total membership has fallen from around 12,000 in 2011...

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