The Hong Kong actuarial professional body was first formed in 1968 as the Actuarial Association of Hong Kong. 26 years later, its successor, the Actuarial Society of Hong Kong (ASHK) was duly incorporated in January 1994. The ASHK is a membership organization for actuaries in the industries of insurance, consultancy, finance, education institutes and government. Since 1999, the ASHK has become a full member of the International Actuarial Association. The ASHK is governed by an elected Council with a President, an Immediate Past President, a Vice President and 10 Council Members.
The objectives for which the ASHK is established, inter alia, are:
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To increase the value to the community of the actuarial profession
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To encourage and assist the study of actuarial science statistics and any other subjects of interest to members of the actuarial profession
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To promote the general efficiency of and to uphold standards of professional conduct among members
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To regulate the practice by its members of the profession of actuary by issuing from time to time as and when necessary guidance notes and other forms of guidelines or directions
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To discuss and comment on the actuarial aspects of public, social and economic and financial questions which from time to time may be the subject of public interest
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To consider the actuarial aspects of legislation existing and proposed and to take such action as is considered desirable
Activities
The ASHK undertakes a number of activities, including:
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Discussion with industry and regulatory bodies on relevant topics
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Formation of specialist committees on actuarial related topics
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Issuing Professional Standards and Actuarial Guidance Notes to members
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Publication of regular newsletter on actuarial matters in Hong Kong
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Circulation of actuarial job advertisements
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Luncheon meetings/evening talks/seminars to encourage the sharing of information and ideas. Speakers from around the world have presented, which allows members to keep updated on actuarial thinking
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Appointed Actuaries Symposium where appointed actuaries have the opportunity to discuss matters relating to the life insurance market in Hong Kong
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Annual Award for Best Papers to encourage members’ research on domestic and international problems, interests and concerns of actuaries
Council & Committees
The Council of the ASHK consists of not less than 7 or more than 13 Fellow Members. The term of office of the President is one year and afterwards in the capacity of Immediate Past President for another year, term of office of the Vice President is one year, and that of each Council Member is two years.
The Council members in 2010 are: (Please click on the committees below for their objectives and updates)
