We should have 1,000-1,200 actuaries at the earliest: Irdai chairman

Subhash Chandra Khuntia, Chairman, Insurance Regulatory and Development Authority of India (Irdai), believes that the number of actuaries in the country is abysmally low and not adequate for a country of our size, and hence, there is a need to increase the number of actuaries in the country to at least 1,000-1,200 at the earliest.

Currently, India has only 458 full-fledged actuaries. In 2019, there were 439 actuaries and in a year, that number has gone up by just 19.

An actuary is a person who assesses and manages the risks of financial investments, insurance policies, and other potentially risky