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Current exam FM: Financial Mathematics: 2005: Course 2 Current exam FAM: Fundamentals of Actuarial Mathematics: 2023: Part of exams LTAM and STAM Current exam SRM: Statistics for Risk Modeling: 2018: None: Current exam ALTAM: Advanced Long-Term Actuarial Mathematics: 2023: Part of exam LTAM Current exam ASTAM: Advanced Short-Term Actuarial ...
The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. [ 1 ]
Casualty Actuarial Society: Fellow of the Casualty Actuarial Society: FCAS: 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 ...
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]
Qualified actuaries are either Fellows (if they pass the examinations necessary for specialist and regulated roles) or Associates. Fellows bear the designations FIA or FFA while Associates bear the designations AIA or AFA. In 2022 approval was given for qualified actuaries to be designated Chartered Actuary though its introduction is still awaited.
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The Joint Board for the Enrollment of Actuaries licenses actuaries to perform a variety of actuarial tasks required of pension plans in the United States by the Employee Retirement Income Security Act of 1974 (ERISA).
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