The Society of Actuaries in Ireland is the professional body of Irish

Republic of Ireland

Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

 actuaries

Actuary

An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries provide expert assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms ....

. The Society was founded on 3 May 1972 by seventeen members of the Institute

Institute of Actuaries

The Institute of Actuaries was one of the two professional which represented actuaries in the United Kingdom . The Institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland...

 and the Faculty of Actuaries

Faculty of Actuaries

The Faculty of Actuaries in Scotland was the professional body representing actuaries in Scotland. The Faculty of Actuaries was one of two actuarial bodies in the UK, the other was the Institute of Actuaries, which was a separate body in England, Wales and Northern Ireland...

 residing in Ireland. Since then, the membership has grown to more than 1 000. Current president of the Society is Kevin Murphy.

The Society is a full member of the International Actuarial Association

International Actuarial Association

The International Actuarial Association is a worldwide association of local professional actuarial associations and their 64,000-odd fellows.-History:...

 and the Groupe Consultatif.

Membership

The Society of Actuaries in Ireland offers five types of membership:

• Student
• Associate
• Fellow
• Honorary fellow
• Affiliate

The Society does not hold its own examinations and its members gain fellowship through the examinations organised by the Institute and the Faculty of Actuaries. As of 2009, the Society has more than 1 000 members, 517 of them fully qualified.