Category Archives: Actuarial Qualifications

Global Careers and Actuarial Finance

Posted on 14 January 2011 | Leave a comment

Dr Geraldine Kaye presents a lecture at Imperial College Business School on global actuarial careers.

She discusses actuarial qualifications, immigration legislation, international CVs and the need to learn foreign languages.

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Posted in Actuarial Exams, Actuarial Qualifications, Actuarial Societies, Imperial College Business School, International, Video

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Congratulations!

Posted on 23 December 2010 | 1 Comment

Congratulations to everyone who passed the actuarial exams, and especially to those of who who have just qualified.

The results have been published on The Actuarial Profession website .

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Posted in Actuarial Exams, Actuarial Qualifications, Institute and Faculty of Actuaries

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Facebook Help for the SOA and CAS exams

Posted on 1 September 2010 | Leave a comment

If you are studying for the SOA/CAS Actuarial Exams here are a few Facebook groups and applications that you might find useful.

  1. Faceook-based Actuarial Mock Exam System (Fames)
    FAMES, a facebook-based real actuarial exam simulation, is aimed to help students to pass actuarial CBT exams by offering free practice tests.  Just login with your facebook account and start to pass all your actuarial preliminary exams!
  2. Actuarial Study Material Download Area on Facebook
    A platform to get the study material to prepare their actuarial professional exams. You can get  Actuarial Textbooks, Study manuals, Solution manual, question banks… here
  3. Web-based Actuarial Mock Exam System (Wames)
    Web-based Actuarial Mock Exam System (Wames), a web based real actuarial exam simulation, is aimed to help students to pass actuarial CBT exams by offering free practice tests.
  4. Actuarial Exams Guidelines : CBT Exam Tutorial Demo
    The demonstration of the screens and basic functionality of the Prometric Actuarial Computer Based Test.
  5. GAAPS Actuarial
    And of course, the GAAPS Facebook page to keep up with the latest actuarial news.

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Posted in Actuarial Exams, Actuarial Qualifications, Casualty Actuarial Society (CAS), Society of Actuaries (SOA)

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Congratulations!

Posted on 16 July 2010 | Leave a comment

Congratulations to everyone who passed the actuarial exams, and especially to those of who who have just qualified.

The results have been published on The Actuarial Profession website .

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Posted in Actuarial Exams, Actuarial Qualifications, Institute and Faculty of Actuaries

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UK Has Formal Approval to Award CERA Qualification

Posted on 13 July 2010 | Leave a comment

The UK Actuarial Profession has won formal approval to award the new Chartered Enterprise Risk Actuary (CERA) qualification for actuaries with unanimous support from the CERA Treaty Board.

The Profession’s ST9 exam will be the basis for CERA status awarded by the UK Profession, and could also be used in the future by other national actuarial associations.

The qualification is designed to equip actuaries to fulfil roles such as chief risk officer. Importantly for complex financial institutions it covers individual risk categories and how they interact. In preparation for Solvency II and Basel III the qualification requires understanding of how to measure, model and manage risks and how economic capital can be best applied.

The first new UK qualifiers will be announced on 17 July with the first qualifiers in Australia shortly thereafter.

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Posted in Actuarial Exams, Actuarial Qualifications, Institute and Faculty of Actuaries, news, Risk

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An International Profession

Posted on 17 June 2010 | 1 Comment

The Actuarial Profession is an international profession and the Faculty and Institute of Actuaries has agreements for the mutual recognition of qualifications with the following organisations:

* Actuarial Society of India

* Actuarial Society of South Africa

* Canadian Institute of Actuaries

* Casualty Actuarial Society

* Groupe Consultatif (Europe)

* Institute of Actuaries of Australia

* Institute of Actuaries of Japan

* Society of Actuaries

Additionally, the CERA (Charted Enterprise Risk Actuary) qualification is a truly international qualification which can be awarded by the individual institutes.

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Posted in Actuarial Qualifications, Actuarial Societies, Actuarial Society of India, Australia, Casualty Actuarial Society (CAS), India, Institute and Faculty of Actuaries, Institute of Actuaries of Australia, International, Odds and Ends, Risk, South Africa, UK, USA

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Pathways to Becoming an Actuary – Video

Posted on 22 April 2010 | 1 Comment

This presentation by Dr Geraldine Kaye of GAAPS Actuarial was given at Imperial College Business School.

Part 1 What is an actuary? What qualities does an actuary need – academic requirements, good communication skills, personality type? Where do actuaries work – traditional sectors and wider fields? Rewards, salary and remuneration; Prospects for the future of the actuarial profession.

Part 2 Qualifying as an actuary: Choosing your degree, Advice about exemptions, Balancing university, study and the milkround.

What can you expect: Actuarial career paths, Variety and flexibility, Working across diverse industries.

Travelling as an actuary: Transferable qualification, International, CERA, UK professional bodies, France, Canada, South Africa.

Pathways to becoming an actuary: Self-study, ActEd, University, Exemptions, Imperial College Business School, Pros and Cons of each.

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Posted in Actuarial Qualifications, Careers Events, Imperial College Business School, International, South Africa, Video

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Australian Associates Become Actuaries

Posted on 2 December 2009 | Leave a comment

The Institute of Actuaries of Australia has announced changes to the designation of ‘actuary’.

As of the New Year, students will be able to describe themselves as ‘actuaries’ after completing Parts I and II, an Investments bridging course, a Professionalism course and the Practical Experience Requirement (PER)*.

Current associates will be able to describe themselves as ‘actuaries’ after they have achieved the PER and attended the Professionalism course.

Fellows will need to pass the relevant Part I, II and III exams and attend the Professionalism course.

*The PER is a achieved by completing three years’ relevant full time experience in the financial services sector.

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Posted in Actuarial Exams, Actuarial Qualifications, Australia, Institute of Actuaries of Australia, news

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Actuarial Society of South Africa Launches New Qualification

Posted on 26 November 2009 | Leave a comment

On Monday night the Actuarial Society of South Africa held a formal dinner to launch their new actuarial qualification to the media and external stakeholders.

The launch of the new qualification is linked to a wider strategy of establishing the Actuarial Society as a full service professional body and is a tremendous milestone for the Society. The qualification is internationally recognised and a Mutual Recognition Agreement was signed with The Actuarial Profession (UK) in May.

The move is intended to ensure that actuaries have an in-depth knowledge of South African practice, products, legislation and tax, while also understanding international best practice.

The Actuarial Society of South Africa is looking to incorporate Enterprise Risk Management as part of the South African qualification at the earliest possible opportunity as this is a field of increasing interest to South African actuaries.

At GAAPS we wish the Actuarial Society of South Africa the best of luck in their latest venture.

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Posted in Actuarial Qualifications, Actuarial Society of South Africa, Articles, Events, International, news, Risk, South Africa

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Treaty signing launches new, international qualification

Posted on 17 November 2009 | Leave a comment

In an agreement reached during last week’s International Actuarial Association meeting in Hyderabad a new qualification of CERA (Chartered Enterprise Risk Actuary) has been launched. The treaty was signed by the following bodies:

  • The Institute of Actuaries of Australia (Australia)
    Canadian Institute of Actuaries / Institut Canadien des Actuaires (Canada)
    Deutsche Aktuarvereinigung e.V. (Germany)
    Institut des Actuaires (France)
    Israel Association of Actuaries (Israel)
    Institute of Actuaries of Japan (Japan)
    Colegio Nacional de Actuarios A.C. (Mexico)
    Het Actuarieel Genootschap (Netherlands)
    Actuarial Society of South Africa (South Africa)
    Svenska Aktuarieföreningen (Sweden)
    Faculty of Actuaries (UK)
    Institute of Actuaries (UK)
    Casualty Actuarial Society (USA)
    Society of Actuaries (USA)

The individual institutes will be able to award the new qualification to members meeting the required educational standards.

The opportunities in the enterprise risk management field are exciting and ERM is seen by many as being a major field of specialty for newly qualified actuaries in the forthcoming years.

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Posted in Actuarial Qualifications, Actuarial Societies, Australia, Casualty Actuarial Society (CAS), France, Institute and Faculty of Actuaries, Institute of Actuaries of Australia, Institute of French Actuaries, International, news, Risk, South Africa, UK, USA

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