The Singapore Actuarial Society was formed in 1976. At that time, the profession was little known in Singapore and there were only a handful of qualified actuaries. The adoption of the new Constitution in July 1996 and the Code of Professional Conduct in November 1997 is the fruition of efforts made in the past two decades to promote the study of actuarial science and professional standards.

The Society ultimately aims to be the recognized representative body of the actuarial profession in Singapore, having the final authority in setting professional standards. The objectives of the Society are:

• to uphold the highest professional standards among members
• to promote the study, discussion, publication and research into the application of economic, financial and statistical principles to practical problems, the actuarial, economic and allied aspects of life assurance, non-life insurance, employee retirement benefits, finance and investment with particular reference to Singapore and the ASEAN region
• to assist students in the course of their actuarial studies and
• to foster and encourage social relationship among the members.