For most, it may take up to a decade or longer to become an actuary. A bachelor's degree in actuarial science may take between 3 to 5 years, and it may take at least another several years to pass rigorous professional actuarial exams. The Bottom Line Actuarial science is the study of ...
Since CAS is only responsible for P&C actuaries, there is just one ‘track’ of exams. This means that everyone that becomes a Fellow of the CAS (an FCAS) was required to take the same exams. The SOA, on the other hand, has 6 different tracks that allow the actuary taking the SOA e...
RANDALL W. LUECKE, CPA, CMA, CEBS, is vice-president-administration and treasurer of International Approval Services in Cleveland. IAS is a division of the Canadian Standards Association. CHET ANDRZEJEWSKI, FSA, EA, is a vice-president and a consulting and research actuary for Aon Consulting in...
"Really what they're doing," explains Tim Hill, FSA, MAAA, principal and consulting actuary in the Chicago offices of Milliman, an actuarial consulting firm that provides insurance companies with product development guidance, "is mining these features from other things and using them with annuities...