ASSAG

Who we are

The vision of a National Association for all Actuarial Science Students in Ghana was conceived at the International Microinsurance Conference held from 12th-13th May, 2012. The conference was organized by the National Insurance Commission (NIC) , Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Munich Re Foundation, Making Finance Work for Africa and Microinsurance Network at the Movenpick Ambassador Hotel in Ghana. It was a two (2) day event that brought together stakeholders of the insurance industry and other financial services sector players.
This conference also brought together the leadership of the Actuarial Science students at the University of Cape Coast (UCC), Kwame Nkrumah University of Science and Technology (KNUST) and the University of Development Studies (UDS). Right after the conference ended, the leadership of the aforesaid schools engaged with their respective institutions and some students were invited to subsequently work out modalities in establishing a National Association.
The maiden meeting was held on 5th August, 2012 at the Presbyterian Boys’ Secondary School (PRESEC), Legon. This witnessed discussion leading to drafting of a constitution for the National Association. The commitment of the representatives of the three (3) schools in developing the framework of the association, birthed the Actuarial Science Students’ Association of Ghana (ASSAG) as we know today. The Representatives (Founding Members) are as follows:
University of Cape Coast (UCC)

  1. Mr. Samuel Nyame Nkrumah- President, Society of Actuarial Science Students (SASS) (2012/2013)
  2. Mr. McKeown Dentu- Vice President, (SASS) (2012/2013)
  3. Mr. Prince Ansah- Member, (SASS) (2012/2013)

Kwame Nkrumah University of Science and Technology (KNUST)
  1. Mr. Openti Lartey - President, Actuarial Science Students’ Association (ASSA)(2012/2013)
  2. Mrs Elaine Yohanna Nunoo(Nee Ablorh-Quarcoo) - Women’s Commissioner, ASSA (2012/2013)
  3. Mr. Norman Adu Bamfo- Judicial Committee Chairman, ASSA (2012/2013)

University of Development Studies (UDS)
  1. Mr. Ernest Obiri Yeboah - President, Society of Actuarial Science Students (SASS) (2012/2013)
  2. Mr. Samuel Okyere- Secretary, (SASS) (2012/2013)
  3. Mr. Bernard Acquaye- Judicial Committee Chairman, (SASS) (2012/2013)
  4. Mr. Emmanuel Osabutey- Public relations Officer, (SASS) (2012/2013)

There were however, some gallant men and women whose efforts in the initial stages of birthing of the Association cannot go unrecognised. These include Mr. Daniel Quartey - Financial Secretary, (ASSA-KNUST) (2012/2013) and Ms. Irene Larbi - Secretary, (ASSA-KNUST) (2012/2013).
A draft constitution was ready for approval by 26th August, 2012. ASSAG was eventually inaugurated in November 2013 at KNUST campus. Its first ever congress, took place at the same time and since then, congress has become an annual Actuarial students’ event with an alternating host school experience.

Student
  1. Has a declared interest in actuarial matters or is performing actuarial or other related work in a financial institution, an insurance company, academic institution, government office or an actuarial consulting office;
  2. Has completed an actuarial course or other related course in a University, or any other academic institute recognized by the Society and has achieved a qualification thereof;
  3. Has paid the prescribed entrance fee and dues for the year.
Affiliate
Education Criteria
  1. Have a proven actuarial related education over the course of his educational achievements
  2. Have proven to be a regular attendee of ASG events over the last 3 years.

    AND either of the following below:
Experience Criteria
  1. Have at least 5 years working experience in an actuarial/risk management position from any of the practice area including but not limited to :
    1. Enterprise risk management
    2. General Insurance
    3. Health Insurance
    4. Investment
    5. Life Insurance
    6. Pensions
    7. Actuarial consulting

      OR
  2. Have at least 5 years’ experience as an academic working in an actuarial/statistics/mathematics department of a recognized university with proven actuarial-related research work(s) or publication(s).
Honorary Member
  1. A person who on account of his position, appears to the Council to be able to contribute to furthering the objectives of the Society, and who is not professionally engaged in practice as an Actuary.