Category Archives: Casualty Actuarial Society (CAS)

Facebook Help for the SOA and CAS exams

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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How Do You Set Your Rates? International Societies Join Forces For Survey

The Casualty Actuarial Society, The Institute and Faculty of Actuaries and the Institute of Actuaries of Australia have joined forces to produce a global ratemaking survey.

The goal of the survey is to gain a better understanding of current property/casualty ratemaking practices, techniques and skills throughout the insurance community.

They are keenly interested in responses from actuaries with experience in property/casualty ratemaking, and also  encourage you to share the attached survey with your non-actuarial colleagues involved in the pricing decision-making at your firm.

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An International Profession

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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Treaty signing launches new, international qualification

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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