There are four categories of membership of the Institute of Actuaries of Japan. At present, there are nealy 5,000 members. The membership categories are:
A candidate who has passed all subjects of the Qualifying Examinations and who has been approved by the Board of Directors. Fellow is called as "SEI-KAIIN" in Japanese. The requirements for admission as a Fellow of the IAJ are:
A Fellow who has been recognized to have made a contribution to actuarial science or related business and who is recommended by the Board of Directors.
A candidate who has passed the first step of the Qualifying Examinations (all of the basic subjects) and who has been approved by the Board of Directors is called an Associate and admitted to start taking the subjects of Secondary Examination. An associate is called as "JYUN-KAIIN" in Japanese.
Students are those who have completed an approved university degree and meet one of following conditions. A student is called as "KENKYU-KAIIN" in Japanese.
A governmental agency or legal entity which supports the purposes of the Institute, which applies for membership, and which is approved by the Board of Directors.
In addition to the above mentioned membership categories, there are Correspondence/Affiliate Members