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Many universities have undergraduate and graduate degree programs in actuarial science. In 2010, [needs update] a study published by job search website CareerCast ranked actuary as the #1 job in the United States. [2] The study used five key criteria to rank jobs: environment, income, employment outlook, physical demands, and stress.
For fellows of the Casualty Actuarial Society, this is fulfilled by taking the nation-specific Exam 6-Canada, instead of Exam 6-United States. [29] Further, the CIA requires three years of actuarial practice within the previous decade, and 18 months of Canadian actuarial practice within the last three years, to become a fellow. [30]
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. [2]
Some low-stress jobs pay competitive salaries, ... Car insurance premiums in America are through the roof — and only getting worse. ... Actuary. Actuaries earned a median salary of $120,000 in ...
The CAS requires all candidates to qualify through a series of actuarial exams covering various aspects of actuarial practice. Passing Exams 1–6 as well as Exam S, the Course on Professionalism, the Validation by Educational Experience (VEE), and two online courses qualifies an actuary for the Associateship designation; passing three additional exams is required to become a Fellow. [10]
The formation of the American Institute of Actuaries, which (like the Actuarial Society of America) was geared toward actuaries in the field of life insurance, was followed within the decade by the creation of two other specialized actuarial organizations: the Casualty Actuarial Society, which still exists today, and the Fraternal Actuarial ...
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