Actuarial Science ProgramJune 24, 2023 2023-09-04 10:48
Actuarial Science Program
ACTUARIAL LEARNING JOURNEY
Developing Future Actuaries
THE ACTUARIAL SCIENCE PROGRAM 2023
Society Of Actuaries (SOA)
The Society of Actuaries (SOA), founded in 1949, is a professional organization dedicated to serving actuaries and advancing the actuarial profession globally based in USA.
The SOA offers a wide range of educational resources and professional development opportunities to its members. It provides a comprehensive curriculum and rigorous exams that actuaries must pass to attain certification. These exams cover various areas of actuarial science, such as probability, financial mathematics, life contingencies, and risk management.
In summary, the Society of Actuaries is committed to supporting actuaries throughout their careers, promoting the actuarial profession, and contributing to the advancement of the industry as a whole.
LEVELS OF SOA QUALTIFICATIONS
- To obtain a qualification from the Society of Actuaries (SOA), aspiring actuaries must pass a series of rigorous exams
- The number of exams required depends on the specific track or specialty the individual is pursuing within the actuarial profession
- The SOA offers different tracks, including:
– The Associate of the Society of Actuaries (ASA)
– The Fellow of the Society of Actuaries (FSA)
ASA DESIGNATION BENEFITS
As an ASA, actuaries are expected to maintain their professional development through ongoing education and participation in the actuarial community. The SOA offers various continuing education programs, conferences, and events that enable ASA holders to stay updated with the latest industry advancements.
PATHWAY TO FELLOWSHIP
The ASA designation is a significant milestone on the path towards attaining the higher level Fellow of the Society of Actuaries (FSA) designation. By completing the ASA requirements, actuaries can progress further in their careers and gain deeper specialization within specific actuarial tracks.
It is important to note that the benefits may vary based on individual circumstances and career goals.
FREQUENTLY ASKED QUESTIONS
While the ASA qualification is a widely recognized and esteemed credential for actuaries, there are alternative paths for developing future actuaries that offer flexibility and opportunities for skill development. Here are a few alternatives to consider:
EIF Delivering the ASA qualification while the candidate works with an Insurance company in Actuarial domain:
- EIF can collaborate with insurance companies to offer actuarial development programs designed to train and develop aspiring actuaries.
- The candidates join the ASA learning journey with EIF while working at the Insurance company.
- This will help to provide on-the-job training, mentorship, and support for candidates to gain practical experience while pursuing actuarial exams.