To meet the huge demand for specialised actuaries courses India may see in the near future, the central government is in talks with UK-based global actuarial professional body, Institute and Faculty of Actuaries (IFoA), to introduce specialised actuarial course at the state-owned National Insurance Academy (NIA) in Pune from the upcoming academic session. It has been predicted that India will see a huge demand for specialised actuaries courses due to the hike in FDI to 49% from 26% in the insurance sector of the country.

Currently, there are 260 actuaries in the country who are fully qualified and successfully completed all 15 exams required to become a full-fledged actuary. The challenge is a mere 20-30 people qualify out of the 9,000 who are studying the actuary course in the country, every year.
IFoA chief executive Derek Cribb said that India require 1,000 full-fledged actuaries and 10,000 CAAs in days to come, however the challenge is in the area of quality of institutes providing these courses.

Indian students have an option to study actuarial sciences in UK Institutions and Universities which offer quality courses and degrees on the subject. Since the demand cannot be met in-country as yet, it would necessitate interested candidates to look abroad for higher studies in this field.

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