The Worshipful Company of Actuaries is one of the
livery companies of the
City of London
The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London fr ...
. The company was founded and became a livery company in 1979, on the same day as the
Insurers' Company. The company supports the actuarial profession by awarding scholarships in the field.
The Actuaries' Company ranks ninety-first in the
order of precedence
An order of precedence is a sequential hierarchy of nominal importance and can be applied to individuals, groups, or organizations. Most often it is used in the context of people by many organizations and governments, for very formal and state o ...
for livery companies. Its motto is ''Experience Foretells'' and its church is St Lawrence Jewry.
Like the medieval liveries of the City of London, the company plays a full role in the governance of the city, including the election and support of the
lord mayor and
sheriffs
A sheriff is a government official, with varying duties, existing in some countries with historical ties to England where the office originated. There is an analogous, although independently developed, office in Iceland that is commonly transla ...
.
Most importantly, through its Charitable Trust, it gives help and support to those who are less fortunate, with an emphasis on making a difference in improving education, particularly in the area of mathematics.
The company is a member of the Financial Services Group of livery companies, the other 11 members of which are the Worshipful Companies of
Chartered Accountants,
Arbitrators
An arbitral tribunal or arbitration tribunal, also arbitration commission, arbitration committee or arbitration council is a panel of unbiased adjudicators which is convened and sits to resolve a dispute by way of arbitration. The tribunal may con ...
,
International Bankers
The Bank for International Settlements (BIS) is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks".
The BIS carries out its work thr ...
,
Chartered Secretaries and Administrators,
Insurers
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
,
Information Technologists,
City of London Solicitors,
Management Consultants
Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business.
Management includes the activities o ...
,
Marketors,
Tax Advisers, and
World Traders.
References
External links
The Worshipful Company of ActuariesHistory of Worshipful company of Actuaries
Actuaries
An actuary is a business professional who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science. These risks can affect both sides of the balance sheet and require asset man ...
Actuarial associations
1979 establishments in England
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