The professional body for actuaries in Hong Kong was first formed in 1968 as the Actuarial Association of Hong Kong, its successor, the Actuarial Society of Hong Kong (ASHK) was later incorporated in 1994. It is governed by an elected Council with a President and 14 other Council Members. Fellow Members are entitled to use the FASHK designation which is widely recognised by employers as the recruitment qualification for actuaries.

From 1 July 2024, being a Fellow Member of ASHK is a requirement (Insurance [Actuaries’ Qualifications] Regulations Cap. 41A) for an Appointed Actuary (Long Term Business or General Business) in Hong Kong. The ASHK also sets the Professional Standards (Insurance [Actuaries’ Standards] Regulations Cap. 41H) and the Actuarial Guidance Notes outlined in the various Insurance Authority Guidelines for the actuarial profession in Hong Kong.