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| title | chunk | source | category | tags | date_saved | instance |
|---|---|---|---|---|---|---|
| Actuarial credentialing and exams | 3/3 | https://en.wikipedia.org/wiki/Actuarial_credentialing_and_exams | reference | science, encyclopedia | 2026-05-05T10:09:57.851270+00:00 | kb-cron |
=== Education and exams === The Society of Actuaries' requirements for Associateship (ASA) include passing 6 preliminary examinations (probability, financial mathematics, fundamentals of actuarial mathematics, statistics for risk modeling, predictive analytics, and one from either advanced long-term actuarial mathematics or advanced short-term actuarial mathematics), validating educational experience (VEE) in 3 fields (economics, accounting and finance, and mathematical statistics), completing self-learning series and passing their assessments (advanced topics in predictive analytics, five-module fundamentals of actuarial practice), and taking a course on professionalism. For Fellowship (FSA), three other modules, three or four exams depending on specialty track, and a special fellowship admission course is added. The Casualty Actuarial Society requires the successful completion of seven examinations, two modules, and economics and corporate finance VEEs for Associateship and three additional exams for Fellowship. In addition to these requirements, casualty actuarial candidates must also complete professionalism education and be recommended for membership by existing members. Depending on which society a student chooses to pursue, there are six or seven preliminary exams. Most of the exams are multiple choice and administered on computers at Prometric testing centers. Candidates are allowed to use a calculator from an approved list. The exams are timed and last between three and four hours. Some tests provide instant feedback as to whether or not a candidate has passed that particular exam (see table below). All test scores (on a 0-10 scale with 6 or higher passing) are posted six to eight weeks after the exam window ends. The scores are based on ratios to the pass mark; for example, a 6 indicates that the candidate received 100% to 110% of the passing score required for that sitting. Similarly, scoring less than 50% of the passing score would yield a 0, and scoring 150% or more of the passing score would yield a 10. A sufficiently high pass mark could thus render a grade of 10 impossible if there are not enough points on the exam to score over 150% of that requirement.
== Notes ==
== References ==
== External links == Society of Actuaries website Casualty Actuarial Society website Faculty and Institute of Actuaries Actuarial Exam information for students International Actuarial Association ActEd website Actuarial Society of South Africa