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In order to become an actuary, there are a series of professional exams you need to pass as well as educational requirements you can complete while you are a student. The two exam streams are the SOA and CAS.
The SOA track is common for life and health insurance, retirement benefits, pensions, and emerging sectors such as enterprise risk management, asset liability management, and most actuarial consulting.Â
The CAS track is targeted toward property and casualty insurance including auto, property, and liability insurance.
The course mapping to help you prepare for the requirements is outlined below.
The Canadian Institute of Actuaries (CIA) University Accreditation Program gives students credits for professional exams for receiving the minimum specified grade.Â
Please note, the CIA accreditation program is not transferable to the SOA exams but is transferable for P, and FM for CAS only.Â
Courses required for UAP accreditation:
STAT 321
ACSC 325
ECON 201
ECON 203
ACSC 425
ACSC 515
ACSC 327
ACSC 427
ACSC 527
ACSC 437
ACSC 531
ACSC 537
ACSC 511
STAT 429
ACSC 513
STAT 517
Learn more about the SOA's educational pathway here!
UofC Courses that Correspond to SOA Exams
UofC Courses that Correspond to SOA Exams
P
P
Probability
Exam format: Multiple Choice
UofC courses:
STAT 321: Introduction to Probability
STAT 323: Introduction to Theoretical Statistics
FM
FM
Financial Mathematics
Exam format: Multiple Choice
UofC courses:
ACSC 325: Theory of Interest/Mathematics of Finance
SRM
SRM
Statistics for Risk Modeling
Exam format: Multiple Choice
UofC courses:
STAT 429: Linear Models and Their Applications
STAT 505: Time Series Analysis
ACSC 511: Generalized Linear Models for Actuaries
*Knowledge of P, FM, and VEE Mathematical Statistics recommended
FAM
FAM
Fundamentals of Actuarial Mathematics
Exam format: Multiple Choice
UofC courses:
ACSC 327: Life Contingencies I
ACSC 427: Life Contingencies II
ACSC 437: Actuarial Models
ACSC 531: Loss Distributions and Their Estimations
ACSC 515: Models for Financial Economics
ACSC 537: Credibility Theory
*Knowledge of P, FM, and VEE Mathematical Statistics recommended
ALTAM
ALTAM
Advanced Long-Term Actuarial Mathematics
Only one of ALTAM/ASTAM is required
Exam format: Written Answer
UofC courses:
ACSC 327: Life Contingencies I
ACSC 427: Life Contingencies II
ACSC 527: Life Contingencies II
*Recommend doing FAM prior to this exam
ASTAM
ASTAM
Advanced Short-Term Actuarial Mathematics (ASTAM)
Only one of ALTAM/ASTAM is required
Exam format: Written Answer
UofC courses:
ACSC 437: Credibility Theory
ACSC 531: Loss Distributions and Their Estimations
ACSC 537: Credibility Theory
*Recommend doing FAM prior to this exam
PA
PA
Exam format: Written Answer
UofC courses:
STAT 429: Linear Models and Their Applications
STAT 505: Time Series Analysis
ACSC 511: Generalized Linear Models for Actuaries
*Recommend doing SRM prior to this exam
ATPA
ATPA
Advanced Topics in Predictive Analytics
Online, open-book module, requiring an understanding of PA and R code applications. Treated similar to exams by employers.
UofC courses:
STAT 429: Linear Models and Their Applications
STAT 505: Time Series Analysis
ACSC 511: Generalized Linear Models for Actuaries
*Recommend doing SRM prior to this module
CASUALTY ACTUARIAL SOCIETY
CASUALTY ACTUARIAL SOCIETY
Learn more about the CAS educational pathway through CAS's interactive tool here!
UofC Courses that Correspond to CAS Exams
UofC Courses that Correspond to CAS Exams
Exam 1/P
Exam 1/P
Probability
Exam format: Multiple Choice
UofC courses:
STAT 321: Introduction to Probability
STAT 323: Introduction to Theoretical Statistics
Exam 2/FM
Exam 2/FM
Financial Mathematics
Exam format: Multiple Choice
UofC courses:
ACSC 325: Theory of Interest/Mathematics of Finance
MAS-I
MAS-I
Modern Actuarial Statistics I
Exam format: Multiple Choice, Multiple Selection, Fill-in-the-blank, Matching
UofC courses:
STAT 407: Introduction to Stochastic Processes
STAT 429: Linear Models and Their Applications
ACSC 327: Life Contingencies I
ACSC 511: Generalized Linear Models for Actuaries
ACSC 437: Actuarial Models
ACSC 537: Credibility Theory
MAS-II
MAS-II
Modern Actuarial Statistics II
Exam format: Multiple Choice, Multiple Selection, Fill-in-the-blank, Matching
UofC courses:
STAT 505: Time Series Analysis
STAT 525: Applied Multivariate Analysis
STAT 543: Statistical Learning
ACSC 537: Credibility Theory
Exam 5
Exam 5
Basic Ratemaking and Estimating Claim Liabilities
Exam format: Multiple Choice, Multiple Selection, Fill-in-the-blank, Matching, Constructed Response, Spreadsheet Questions
UofC courses:
ACSC 531: Loss Distributions and Their Estimations
ACSC 517: Estimating Unpaid Claims in General Insurance
Exam 6
Exam 6
Regulation and Financial Reporting
Canada: Learn more hereÂ
PCPA
PCPA
Property & Casualty Predictive Analytics
Exam and predictive analytics project
UofC courses:
ACSC 511: Generalized Linear Models for Actuaries
*Recommended after MAS-I, MAS-II and Exam 5
DISCs
DISCs
Data and Insurance Series Courses
Discounts offered to students who are part of CAS Student Central
Validation by Education Experience (VEE)
Note: Accounting & Finance and Economics VEE's are applicable to both the SOA and CAS tracksValidation by Education Experience (VEE)
Mathematical Statistics
Mathematical Statistics
UofC courses
STAT 323
Accounting & Finance
Accounting & Finance
UofC courses
Finance Component
ACSC 425 or FNCE 317 (Business equivalent to ACSC 325)
Accounting Component
ACCT 217
Economics
Economics
UofC courses
Microeconomics Component
ECON 201 or ECON 301
Macroeconomics Component
ECON 203 or ECON 303
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