The Institute of Actuaries of Japan has four categories of membership: Fellows, including those designated as Honorary Members, Associates, Students, and Corporate Members. The Institute currently has nearly 6,000 members. The membership categories are:
Fellows
A Fellow is a member who has passed all subjects of the Qualifying Examinations and who has been approved by the Board of Directors. In Japanese, a Fellow is referred to as "Sei-kaiin." The requirements for admission as a Fellow of the IAJ are:
- Pass all required qualification examinations administered by the IAJ and obtain approval from the Board of Directors.
- Since 2005, candidates who have passed the Secondary Examination must complete the Professionalism Course before being admitted as Fellows.
Honorary Members
An Honorary Member is a Fellow who has made distinguished contributions to actuarial science or related activities and has received the approval of the Board of Directors.
Associates
An Associate is a member who has passed all basic subjects in the first stage of the Qualifying Examinations and has been approved by the Board of Directors. Associates are eligible to proceed to the Secondary Examination. In Japanese, an Associate is referred to as "Jun-kaiin."
Students
A Student is an individual who has completed a university degree and meets one of the following conditions. In Japanese, a Student is referred to as "Kenkyu-kaiin."
- An individual who has passed one or more subjects in the first stage of the Qualifying Examinations and has been approved by the Board of Directors.
- A person who has applied for membership and who has been approved by the Board of Directors.
Corporate Members
A Corporate Member is a governmental agency or legal entity that supports the objectives of the Institute, applies for membership, and is approved by the Board of Directors.