Finance Ministry to expand Actuaries Act bringing data science and risk management into rulebook

Published on 24 April 2026

Actuaries may soon be regulated like data and risk experts

The Finance Ministry plans to update the Actuaries Act, 2006, widening the definition of actuarial science to include data science and risk management. It also proposes a new regulatory framework for actuarial firms. The bill is expected during the monsoon session, with stakeholder consultations already underway to shape the changes.

Actuaries Act 2006 likely to be amended soon
Scope may expand to data science and risk management
New regulation framework for actuarial firms planned
Bill expected in the monsoon session after consultations

#data science #actuaries act #finance ministry #risk management #regulation

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Finance Ministry to expand Actuaries Act bringing data science and risk management into rulebook

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