Persatuan Aktuaris Indonesia

What Persatuan Aktuaris Indonesia does

Persatuan Aktuaris Indonesia (PAI), operating publicly as the Society of Actuaries of Indonesia, is the nationally chartered professional membership association for actuaries in Indonesia. Founded in 1964 and headquartered in South Jakarta, PAI administers a three-tier credentialing franchise — CNLA (Certified Non-Life Analyst), ASAI (Associate of the Society of Actuaries of Indonesia), and FSAI (Fellow of the Society of Actuaries of Indonesia) — built on a multi-period per year examination program whose syllabus is aligned with International Actuarial Association (IAA) Education Syllabus requirements.

The association's product surface spans the PAI E-Membership mobile application (Android and iOS) that handles CPD point tracking, event registration, dues management, and online certificate validation; a structured examination system delivered across multiple sittings annually; a mandatory CPD program delivered through seminars, webinars (e.g., Credit Life Management, Onerous Contract Improvement), and workshops; and publication of Standar Praktik Aktuaria (SPA) standards covering general practice, PSAK 117 insurance contracts, employee benefits, and social security. Research dissemination occurs via the peer-reviewed Jurnal Aktuaria Indonesia, the quarterly Seputar Aktuaris e-bulletin, and a research library hosting IAA Conference and EAAC papers. Distribution is primarily through the aktuaris.or.id portal and the Jakarta headquarters office, with university-channel partnerships for actuarial education pipelines.

PAI is a non-profit professional association funded by membership dues (Rp 500K-1.5M annually depending on tier and year), professional certification fees (Rp 250K CNLA; Rp 300K ASAI; Rp 500K FSAI), examination fees, and CPD/seminar fees (Rp 500K member rate, Rp 750K non-member rate). It operates under regulatory recognition from OJK and Kemenkeu RI's Pusat Pembinaan Profesi Keuangan (PPPK), coordinating collective registration of PAI members as Registered Actuaries and Public Actuaries under PMK 137/PMK.01/2016. End customers are practicing actuaries working across life insurance, general/health insurance, pension funds, social security, and consulting — with regulators (OJK, Kemenkeu, BI) and universities (IPB, UI, ITS, UGM, ITB) as stakeholder counterparts rather than fee-paying customers. The lean 8-person staff model contrasts with a credentialed membership base that has scaled beyond the 300 members recorded at PAI's 2006 IAA admission.

Name

Persatuan Aktuaris Indonesia

Legal name

Persatuan Aktuaris Indonesia

Website

https://aktuaris.or.id

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Persatuan Aktuaris Indonesia (PAI) is the nationally chartered Indonesian professional association for actuaries, administering CNLA, ASAI, and FSAI credentials, an IAA-aligned examination system, CPD programs, and actuarial standards under PMK 137/2016 recognition.

Ownership category

akta.pro rank

Product category

Actuarial Professional Association Services

SIC

Services-Membership Organizations (8600)

akta.pro industry

PRIMARYEDADACAF

Continuing Education (CE/CPD) & Provider Accreditation Bodies

Education/Education Administration, Accreditation & Policy/Accreditation Bodies (Institutional & Programmatic)

Keywords

• Actuarial certification
• Professional examinations
• Continuing professional development
• Actuarial standards
• Professional association

Headquarters

HQ city

Jakarta Selatan

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Membership Dues: Annual membership fees collected from ASAI and FSAI members. ASAI members pay Rp 500,000-1,000,000 annually, FSAI members pay Rp 1,000,000-1,500,000 depending on the period
2. Professional Certification Fees: Certificate issuance fees for CNLA (Rp 250,000), ASAI (Rp 300,000), and FSAI (Rp 500,000) designations
3. Examination Fees: Fees collected from examination participants for professional actuarial exams administered multiple times per year
4. CPD/Seminar Fees: Fees collected from professional development seminars and webinars. Member rate Rp 500,000, Non-member rate Rp 750,000 per CPD webinar

Pricing tiers

Distribution channels3 records

Marketing channels6 records

Core offering

Persatuan Aktuaris Indonesia (PAI) is the official professional association for actuaries in Indonesia, providing three-tier actuarial certification (CNLA, ASAI, FSAI), administering actuarial examinations, running mandatory Continuing Professional Development (CPD) programs, and publishing actuarial practice standards and the Jurnal Aktuaria Indonesia. It also offers a mobile E-Membership application for CPD tracking, event registration, and dues management, serving both individual actuaries and institutional employers such as insurance companies and pension funds.

Product overview

Persatuan Aktuaris Indonesia (PAI) operates as a professional association providing a comprehensive ecosystem of actuarial professional services rather than a unified software product. The core offerings center on three-tier professional certification programs (ASAI for associates, FSAI for fellows, and CNLA for non-life actuaries), supported by a structured examination system administered across multiple periods annually. The association delivers continuing professional development through its CPD program featuring seminars, webinars, and workshops, accessible via the PAI E-Membership mobile application. PAI maintains professional standards through its Standar Praktik Aktuaria (SPA) publications covering general practice, insurance contracts, employee benefits, and social security. Research dissemination occurs through the Jurnal Aktuaria Indonesia and the quarterly Seputar Aktuaris e-bulletin. An online certificate validation service enables verification of member credentials.

Differentiator

Problem solved

Functional benefit

Products and services

• PAI E-Membership Application A mobile application available on Android and iOS that provides members access to CPD points tracking, event registration, membership dues management, and certificate validation services for PAI's actuarial community.
• CPD (Continuing Professional Development) Program Ongoing professional education program providing seminars, webinars, and workshops to maintain actuarial qualifications with CPD point tracking, required for all PAI-certified actuaries.
• Actuarial Examination System Administered examination program with multiple periods per year covering financial mathematics, probability/statistics, economics, accounting, statistical methods, actuarial mathematics, risk theory, investment management, and specialized insurance topics for ASAI and FSAI certification pathways.
• Standar Praktik Aktuaria (Actuarial Standards of Practice) Technical standards including SPA General Practice, SPA PSAK 117 for Insurance Contracts, SPA-03 for Employee Benefits, and SPA-JS for Social Security covering valuation methodologies and professional practice guidelines for Indonesian actuaries.
• Online Certificate Validation Web-based service allowing verification of actuarial certificates and credentials by entering certification codes, used by employers and regulators to confirm actuary qualifications.
• Jurnal Aktuaria Indonesia Peer-reviewed actuarial journal publishing research findings and academic articles in the field of actuarial science for the Indonesian actuarial community.

Quantifiable outcome

• IAA Full Member status achieved in 2006

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Society of Actuaries (SOA)coreStrategic or Co-development Partner · 1 January 2023PAI-SOA Joint Symposium 2023 (Asia-Pacific) conducted as a collaborative professional development initiative between the Indonesian society and the US-based Society of Actuaries, providing international exposure and knowledge exchange for members.
• Institute of Actuaries of AustraliacoreStrategic or Co-development Partner · 1 January 2021Annual Joint Regional Seminar conducted collaboratively with IFOA (UK) and Actuaries Institute Australia. The 2021 seminar offered 6.8 SKP CPD credits over 2 days of programming combining regional and local sessions.
• International Actuarial Association (IAA)coreStrategic or Co-development Partner · 1 January 2006PAI is a Full Member of the International Actuarial Association, the global umbrella organization for national actuarial associations. This membership was achieved in 2006 following IAA Fund Meeting in Bali (2005) and ADB technical grant support. Full membership signifies PAI meets international standards for actuarial professional bodies.
• Institut Teknologi Bandung (ITB)minorStrategic or Co-development PartnerCollaboration on mortality table development. ITB worked with BPJS Ketenagakerjaan to release Tabel Mortalitas 2022 (TMJ-22), updating previous tables from 2017 and 2010.
• PPPK Kemenkeu RI (Pusat Pembinaan Profesi Keuangan)coreOthersRegulatory partnership with Ministry of Finance's Center for Financial Profession Development. PAI coordinates collective registration of members as Registered Actuaries and Public Actuaries, and facilitates compliance with PMK 137/2016 regulations.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Regional players

• Actuarial Society of Thailand (AST): Thailand's national actuarial association; functionally similar to PAI as a smaller Southeast Asia member of IAA administering local credentialing, but operates at a smaller scale than PAI.
• Actuarial Society of the Philippines (ASP): National actuarial body in the Philippines serving life, non-life, and pension practitioners; analogous in mission and IAA membership to PAI, providing a Southeast Asia benchmark for membership scale and exam structure.
• Singapore Actuarial Society: Singapore-based national actuarial body overseeing SOA/CAS-style qualifications and member CPD across the city-state; comparable in regulatory interface and ASEAN positioning, though Singapore's market is much more mature.
• Actuarial Society of Malaysia (ASM): Malaysian national actuarial association with IAA membership and Bank Negara-recognized credentials; a Southeast Asia peer to PAI with similar scope (exams, CPD, standards) and comparable Islamic-finance market overlap.

Others

• International Actuarial Association (IAA): Global umbrella organization of which PAI is a Full Member since 2006; IAA sets international education and standards frameworks that PAI implements locally, making it the apex peer rather than a direct competitor.

Direct peers

• Actuarial Society of India: Indian national actuarial association running a similar IAA-aligned exam pipeline (CT/CM series), membership tiers, and government-recognized actuary registration; the closest emerging-market structural analog to PAI's ASAI/FSAI setup.
• Actuaries Institute Australia: Australian national actuarial association that jointly runs annual regional seminars with PAI (e.g., 2021 Joint Regional Seminar awarding 6.8 SKP CPD); comparable in size, regulatory role, and the IAA full-membership structure that PAI also holds.

Broad incumbents

• Society of Actuaries (SOA): US-based national actuarial association offering ASA/FSA/CCSE credentials, CPD, and standards-setting; PAI is a core joint-symposium partner (2023 SOA-PAI Asia-Pacific symposium), making SOA the closest large-scale peer in scope and scale.
• Institute and Faculty of Actuaries (IFoA): UK chartered body running its own actuarial exam system and co-hosting the annual Joint Regional Seminar with PAI and Actuaries Institute Australia; functionally analogous to PAI as a full national membership, education, and standards body.
• Canadian Institute of Actuaries (CIA): National membership and qualifying body for Canadian actuaries; comparable in operating model (membership dues, exams, standards, mutual recognition via IAA) but serving a more mature, English-language market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/aktuaris
• LinkedInlinkedin.com/company/persatuan_aktuaris_indonesia

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Persatuan Aktuaris Indonesia