The Singapore Actuarial Society 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 set and uphold the highest professional standards among members
- to serve the public interest by promoting the study, discussion, publication and research into the application of economic, financial and statistical principles to practical problems, as well as the actuarial, economic and allied aspects of life assurance, non-life insurance, employee retirement benefits, finance and investment, risk management and other fields where such principles can be applied with particular reference to Singapore and the ASEAN region
- to assist students in the course of their actuarial studies
- to further the professional development of actuaries
- to foster and encourage social relationship among the members
The Singapore Actuarial Society was founded in 1976 by the following people
| Mr N. N. Handa | Mr A.T. Shimpi | Mr Leong Teck Kut |
| Mr B. P. Gupta | Mr Tan Kin Lian | Mr Robert Lian |
| Mr Law Song Keng | Mr F. J. D'Costa | Mr A. Street |
| Dr P. W. A. Dayananda | Mr Robert Fung | Mr Peter Lee |
| Ms Pearly Lim | Mr K Manivasagan | Mr George Tay |
| Mr Yeo Boon Tong |
At that time, the actuarial 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 was the fruition of efforts made in the past two decades to promote the study of actuarial science and professional standards.