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Casualty Actuarial Society (CAS) Exams Exam code Exam title Introduced Preceded by Ceased Superseded by SOA eqv. 1: Probability: 2005: Exam 1 (2000) Current exam: P: 2: Financial Mathematics: 2005: Exam 2 (2000) Current exam: FM: MAS-I: Modern Actuarial Statistics I: 2018: Exam S Current exam — MAS-II: Modern Actuarial Statistics II: 2018 ...
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]
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. Actuaries are professionals trained in this discipline. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional ...
Casualty Actuarial Society: Member of the American Academy of Actuaries: MAAA: American Academy of Actuaries: Associate of the Conference of Consulting Actuaries: ACA: Conference of Consulting Actuaries Fellow of the Conference of Consulting Actuaries: FCA: Conference of Consulting Actuaries Enrolled Actuary: EAc: Joint Board for the Enrollment ...
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 Core sections consists of 9 written exams and a “Business Awareness Module,” CB3. These are usually sat first by a candidate and include the underlying mathematics involved in actuarial work as well as an introduction to financial and economic issues. These are also the most common exams for which candidates may get exemptions.
Non-members working in the actuarial profession and taking exams are often referred to as actuarial students or candidates. Members of the SOA who meet a professional experience requirement are eligible for membership in the American Academy of Actuaries , which represents United States actuaries from all practice areas.
ASPPA was founded in 1966 originally as an actuarial organization. Since then ASPPA has expanded and diversified its membership to include all types of pension professionals — from actuaries, consultants, and administrators to insurance professionals, financial planners, accountants, attorneys, and human resource managers.