Sejarah dan Evolusi Profesion Aktuari (The History And Evolution of The Actuarial Profession)

Abstract

This article presents the history and evolution of the actuarial profession. In Ancient Roman Empire, the title actuarius was given to the secretary of the Senate, responsible for compiling the Acta Senatus. In addition to duties as a secretary of the Senate, actuarius also refers to the Roman Empire’s officials who manage the daily record of the government for publication in the Acta Diurna. As time passed, the role of the actuarius continued to expand until the Eastern Roman Empire where actuarius was also involved with the distribution of wages and provisions to the Roman military. In the 18th century, the term actuary which was derived from the Latin actuarius was adopted for the Chief Official to refer to a position as a mathematician in a life insurance company. The profession continues to grow and develop where actuarial science is needed in various areas including general insurance, pensions and social security, investment and modern financial economics. This paper also explores the history and development of the actuarial profession in Malaysia, before and after independence.