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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]
In the U.S., for life, health, and pension actuaries, exams are given by the Society of Actuaries, while for property-casualty actuaries the exams are administered by the Casualty Actuarial Society. To sign certain statements of actuarial opinion, however, American actuaries must be members of the American Academy of Actuaries.
Fellow of the Society of Actuaries: FSA: Society of Actuaries: Chartered Enterprise Risk Analyst: CERA: Society of Actuaries: Associate of the Casualty Actuarial Society: ACAS: Casualty Actuarial Society: Fellow of the Casualty Actuarial Society: FCAS: Casualty Actuarial Society: Member of the American Academy of Actuaries: MAAA: American ...
The Casualty Actuarial Society also represents actuaries working with property and casualty. History The Society was founded as a merger of two major American ...
In order to sign statements of actuarial opinion, an American actuary must be a Member, American Academy of Actuaries (M.A.A.A.). [2] The Academy membership requirements are: Membership in one of the following societies: Associate or Fellow of the Casualty Actuarial Society. Associate or Fellow of the Society of Actuaries.
The Casualty Actuarial Society (CAS) this year acknowledged “the potential impact of systemic racism on insurance underwriting, rating and claims practices" in four research papers examining the ...
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]
The exams are known for their difficulty. [1] [2] CPCU designation holders are also bound by a Professional Code of Ethics, and must satisfy educational and experience requirements. [1] Designation holders have formed a professional society, the Chartered Property Casualty Underwriter (CPCU) Society.