Licensures and Certifications

The Associateship Professionalism Course (APC) is the final requirement for the ASA designation and CERA credential. The APC covers professionalism, ethics and legal liability and makes extensive use of the case study method.

The FAP Final Assessment is a measure of your understanding and application of the key concepts presented throughout the FAP course.

I completed this one-to-one course instructed by Mr. Animesh Raj, a developer in a Nashville healthcare tech company. From this course, I learned the idea of Map-Reduce, Hadoop, Azure cloud computing platform, and the machine learning algorithms it provided. I also learned the Apache Spark framework to process big data and speed up algorithms.

Exam MFE develops the candidate's knowledge of the theoretical basis of financial models and the application of those models to insurance and other financial risks.

The candidate will be introduced to a variety of useful frequency and severity models. The candidate will be required to understand the steps involved in the modeling process and how to carry out these steps in solving business problems. The candidate should be able to: 1) analyze data from an application in a business context; 2) determine a suitable model includingparameter values; and 3) provide measures of confidence for decisions based upon the model.The candidate will be introduced to a variety of tools for the calibration and evaluation of themodels.

The syllabus for Exam MLC develops the candidate's knowledge of the theoretical basis of contingent payment models and the application of those models to insurance and other financial risks. A thorough knowledge of calculus, probability and interest theory is assumed. Knowledge of risk management at the level of Exam P is also assumed.

The syllabus for Exam FM develops the candidate's understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting and valuing contingent cash flows. A basic knowledge of calculus and an introductory knowledge of probability is assumed.

The syllabus for Exam P develops the candidate's knowledge of the fundamental probability tools for quantitatively assessing risk. The application of these tools to problems encountered in actuarial science is emphasized. A thorough command of the supporting calculus is assumed. Additionally, a very basic knowledge of insurance and risk management is assumed.