Czech Society of Actuaries

Actuarial science started to be taught at the Prague Polytechnic in 1904, and the first students graduated in 1907. By 1918, more than 170 graduates completed the course.

On 27 February 1919, the Society of Czechoslovak Insurance Technicians (Czech: Spolek československých pojistných techniků) was established. The Society aimed to associate insurance technicians and to support and promote interests of experts in fields of actuarial science and statistics.

The Society was a member of the Comité Permanent des Congrès Internationaux d'Actuaires and eighteen Czechoslovak actuaries took part at the first post-war International Congress of Actuaries in London in 1927.

In 1936, the Society of Czechoslovak Insurance Technicians had about 250 members and its long-time chairman was Václav Choděra.

After World War II and communist coup in 1948, there was little need for actuaries, and the Society ceased to exist.

The Czech Society of Actuaries was established in 1992 to resume the activities of the Society of Czechoslovak Insurance Technicians. Since the very beginning, the Society closely co-operates with the Department of Financial and Insurance Mathematics of the Faculty of Mathematics and Physics, Charles University, Prague. The Society and the University jointly organise a regular Actuarial Seminar (Czech: Aktuárský seminář, earlier Seminar in Actuarial Science). University examinations are also a common way to gain full membership of the association.

The Society represents Czech actuaries within international actuarial community. In 1998, it became a full member of the International Actuarial Association, and after the country's accession to the European Union in 2004, the Society has also become a full member of the Groupe Consultatif.

In 2019, the Czech Society of Actuaries celebrated a century of the existence of actuarial association in the country.