The Society of Actuaries (SOA), the world’s largest professional organization for actuaries, is increasing its focus on Pakistan, aiming to foster growth in the actuarial profession. With a history dating back to 1889, the SOA has been a global leader in actuarial education, research, and credentialing, boasting over 34,000 members worldwide.
Recently, SOA opened a new regional office in Dubai, catering to the Middle East, Africa, and South Asia. As part of its expansion efforts, SOA has also committed to hosting the annual Regional Symposium in Cairo this September, following successful editions in Dubai and Riyadh. The move underscores the organization’s commitment to strengthening its presence in emerging markets like Pakistan.
Pakistan has seen a rise in the demand for actuaries, with a 17% increase in SOA exam candidates in 2024, now surpassing 360 candidates. SOA has also grown its affiliate base in Pakistan, with more than 1,700 members. The surge in interest comes as the Securities and Exchange Commission of Pakistan (SECP) mandates that every insurance firm establish an ‘Actuarial Function,’ further driving demand for actuarial professionals in the country.
SOA has launched several initiatives to support actuarial education and capacity-building in Pakistan. The Global Access Pricing Pilot, which offers discounted exams and study materials, is one such initiative that has made the profession more accessible. Additionally, SOA hosted its first-ever Open House in Karachi in January 2025, offering scholarships to talented students. The organization has also strengthened ties with local universities to raise awareness and expand the actuarial workforce.
With competitive global salaries and a high level of job security, actuarial careers continue to attract students, particularly those with strong analytical and mathematical skills. Actuaries play a crucial role in sectors such as insurance, banking, healthcare, and consulting, helping businesses manage risk and design financial models that promote long-term growth. As Pakistan’s actuarial community grows, the profession is poised to become a key player in the country’s economic and financial sectors.
SOA’s expanding efforts in Pakistan, combined with strong regulatory support and growing student interest, position the country to become a regional leader in actuarial talent and innovation. As the demand for actuarial expertise continues to rise, Pakistan’s actuarial sector is on track to make a significant impact on both regional and global markets.