Partner Society of Actuaries of Indonesia

Society of Actuaries of Indonesia

Society of Actuaries of Indonesia

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Persatuan Aktuaris Indonesia (PAI) or in English called The Society of Actuaries of Indonesia is a national organization of the actuarial profession in Indonesia that is dedicated to providing services to the public and its members.

PAI was established on October 19, 1964 with 25 members at that time. Over the years, government regulations regarding the insurance and pension fund industries that require the expertise of an FSAI have contributed to the growth of the actuarial profession in Indonesia and resulted in government recognition of the Fellowship of the Society of Actuaries of Indonesia (FSAI) title.

PAI issued the Actuarial Practice Standards and Actuarial Code of Ethics manual which contains professional practice guidelines and code of ethics standards that must be followed. This manual assists members on the professional standards that are considered reasonable in the various occasions they encounter. PAI also issues guidelines on the member disciplinary process to ensure adherence to the professional practice and code of ethics standards of its members.

PAI has been a member of the International Actuarial Association (IAA) since 2007. As a member of an international organization, PAI represents Indonesian actuaries in the international arena and cooperates with other actuarial organizations on the basis of common interests.