Institute and Faculty of Actuaries

Name

Institute and Faculty of Actuaries

Legal name

Institute and Faculty of Actuaries

Website

https://actuaries.org.uk

Company type

Private

Founded year

2010

Operating status

Operating

Ownership category

akta.pro rank

Product category

Actuarial Professional Body Services

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

National/State Examination Boards & Testing Agencies (EDADAFAA)

akta.pro secondary industry

Compliance, Risk & Audit Support Services (EHS, Title IX/Clery Support, Policy Admin) (EDAEALAK)

Keywords

• Actuarial qualification
• Professional standards regulation
• Continuing professional development
• Risk and pensions research
• Membership services

Headquarters

HQ city

Oxford

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Pricing tiers

Distribution channels5 records

Marketing channels8 records

Core offering

The IFoA is the UK's chartered professional body that educates, qualifies, develops and regulates actuaries through its actuarial qualification and examination system, continuing professional development framework, professional skills training, and standards and regulatory regime. It sells membership subscriptions, exam and course fees, event registrations, thought leadership publications, and directory listings to individual actuaries and member firms. Its regulatory functions include the Actuaries' Code, the Quality Assurance Scheme, the Disciplinary Process and the Designated Professional Body licensing regime.

Product overview

The Institute and Faculty of Actuaries (IFoA) is a professional membership body, not a software product company. Its offerings consist of a unified professional qualification and education system (the actuarial credential pathway covering core curriculum areas like Actuarial Mathematics, Statistics, and various practice specializations), supplemented by Continuing Professional Development resources, Professional Skills Training, conferences and events, and standards/guidance frameworks. The portfolio also includes thought leadership initiatives such as the 'think' series and Frank Redington Prizes, research publications including the Continuous Mortality Investigation, and directory services. Key educational offerings include a Climate Risk and Sustainability Course and a Certificate in Ethical AI, positioning the organization as a provider of professional development rather than AI-powered software products.

Differentiator

Problem solved

Functional benefit

Products and services

• Actuarial Qualification and Examination System Comprehensive professional qualification pathway covering core actuarial curriculum areas and practice specialisations, leading to Chartered Actuary status; for actuarial students and members.
• Continuing Professional Development (CPD) Lifelong learning programme of webinars, microcredentials, in-person events, and volunteering opportunities supporting ongoing professional development for IFoA members.
• Professional Skills Training Three-stage professionalism training regime (Stage 1 Professionalism Course, Stage 2 Online Professionalism Course, Stage 3 Professional Skills Training) required of qualifying and qualified IFoA members.
• Virtual Learning Environment (VLE) Online learning platform offering access to thousands of learning resources, short courses, microlearning materials, event recordings, research papers and working party outputs supporting every stage of the actuarial journey.
• Standards and Guidance Framework Comprehensive regulatory framework including the Actuaries' Code, Actuarial Profession Standards (APS), International Standards of Actuarial Practice (ISAPs), European Standards of Actuarial Practice (ESAPs), Data Science Ethics and the Actuarial Monitoring Scheme.
• Quality Assurance Scheme (QAS) Quality assurance scheme providing independent review and accreditation of actuarial work performed by IFoA members and firms.
• Conferences and Events Annual conferences including the GIRO Conference (general insurance), Life Conference, Asia Conference, India Conference, AI and Emerging Technologies Symposium and Actuarial Excellence events for insurance and financial services professionals.
• Continuous Mortality Investigation (CMI) Research initiative providing mortality and morbidity analysis for the UK actuarial profession, producing regular mortality tables and reports.
• Find an Actuary Directory Public directory service allowing users to search for IFoA members and firms providing actuarial advice across various practice areas and regions; basic listings at £200+VAT main office and £50+VAT per additional office, with enhanced logo entries at £50+VAT additional and personalised company information charged per word.
• Designated Professional Body (DPB) Licensing Statutory licensing regime authorising firms to carry out regulated actuarial work in the UK, with DPB Handbook and Guide, complaints against DPB firms, and licensed firm register.
• Climate Risk and Sustainability Course Standalone educational course covering climate risk and sustainability topics for actuarial professionals seeking to expand their expertise.
• Certificate in Ethical Artificial Intelligence (AI) Professional certificate programme providing foundational and practical knowledge on AI ethics for actuarial professionals.
• 'think' Thought Leadership Series Thought leadership publication series celebrating the value of challenge and debate, addressing a wide range of subjects beyond traditional actuarial concerns; open to non-members as well as members.
• Frank Redington Prizes Open essay competition encouraging and promoting thought leadership in actuarial science on sustainable economic and pension systems in the public interest.
• IFoA Mentoring Programme Mentorship programme connecting IFoA members for professional development and career guidance.

Quantifiable outcome

• 80% of IFoA members report increased involvement in climate and sustainability work
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• London Foundation for Banking and Finance (LFBF)coreStrategic or Co-development Partner · 29 May 2026Joint report publication on generative AI governance risks in financial services. The report warns that AI presents structural risks that cannot be fully resolved, with 70% of surveyed practitioners agreeing AI risks rank among the greatest facing the sector. IFoA positioned as having a key oversight role as AI becomes embedded in underwriting, claims and customer communications.
• Government Actuary's Department (GAD)coreStrategic or Co-development Partner · 16 March 2026GAD specialists shared expertise at IFoA's annual GIRO Conference including session on personal injury discount rate (PIDR) with Government Actuary Fiona Dunsire chairing expert panel consulted by Lord Chancellor. GAD contributed to professionalism workshop on Actuaries' Code.
• University of ExetercoreStrategic or Co-development Partner · 14 January 2026Joint report 'Parasol Lost' warning that global warming is accelerating faster than predicted due to loss of aerosol cooling effect. Research concludes climate models underestimate warming and financial firms are accepting failure probabilities 'a hundred times greater' than typical insurance solvency standards.
• Fair by DesignminorStrategic or Co-development PartnerCharity partnership on Poverty Premium campaign addressing access to insurance for those who most need cover. Report 'The hidden risks of being poor' published on poverty premium in insurance.
• David Hume InstituteminorStrategic or Co-development PartnerResearch collaboration on Great Risk Transfer campaign exploring trend to transfer risks from institutions to individuals. Published report 'The Great Risk Transfer - have we got the balance right?'
• WPI EconomicsminorStrategic or Co-development PartnerGreat Risk Transfer campaign partner publishing report 'Time for a Re-think?: Risk in Insurance Markets'.

Scale indicators6 records

Recent moves6 records

Direct peers

• Society of Actuaries: The largest actuarial professional body globally, based in the US. Operates a near-identical model of examinations, continuing education, research (including mortality tables), and professional standards — making it the most direct functional and structural parallel to IFoA.
• Canadian Institute of Actuaries: Canada's national actuarial professional association, providing qualifications, standards, and member services. Directly comparable in scope, mandate, and operating model to IFoA at the national level.
• Chartered Institute for Securities & Investment: UK-based chartered body for the securities and investment profession with examinations, continuing education, and member regulation. Directly comparable as a fellow chartered UK professional body serving the financial services sector.
• Institute of Actuaries of India: India's statutory actuarial body, regulating actuarial education and practice. Comparable in delivering chartered-actuary qualifications and conducting examinations, and an active geographic counterpart in IFoA's expansion strategy.
• Actuaries Institute Australia: Australia's professional body for actuaries, providing education, continuing professional development, and standards. Directly comparable in mandate and revenue model to IFoA.
• Casualty Actuarial Society: US-based professional body for casualty actuaries offering examinations, credentials, and research. Comparable as a specialized actuarial membership organization with regulatory and educational functions analogous to IFoA.

Broad incumbents

• ACCA: Global chartered accountancy body offering qualifications, CPD, and member services. Comparable as a large-scale, internationally operating professional body with a similar education-and-standards franchise model.
• CFA Institute: Global professional body for investment professionals, operating a similar chartering exam model, CPD requirements, and code of ethics. Comparable as a larger, broader professional credentialing organization with a similar revenue architecture.
• International Actuarial Association: Global umbrella organization for actuarial associations worldwide. Comparable as a higher-tier standards-setter and thought leader, but operating at an international rather than national level.

Emerging players

• Royal Statistical Society: UK professional body for statisticians with overlapping quantitative expertise and a similar professional membership model. Comparable in member-services and educational delivery, though narrower in regulatory mandate than IFoA.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/actuarynews
• YouTubeyoutube.com/user/IFoATV
• Facebookfacebook.com/Actuarial
• LinkedInlinkedin.com/company/the-faculty-and-institute-of-actuaries
• Instagraminstagram.com/ifoa_actuaries

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Institute and Faculty of Actuaries