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An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] The name of the corresponding field is actuarial science which covers rigorous mathematical calculations in areas of life expectancy and life insurance. These risks can affect both sides of the balance sheet ...
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty and life expectancy. Actuaries are professionals trained in this discipline.
An enrolled actuary is an actuary enrolled by the Joint Board for the Enrollment of Actuaries under the Employee Retirement Income Security Act of 1974 (ERISA). [1] Enrolled actuaries, under regulations of the Department of the Treasury and the Department of Labor, perform a variety of tasks with respect to pension plans in the United States ...
Society of Actuaries. The Society of Actuaries ( SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Actuaries. [1] It is a full member organization of the International Actuarial ...
The Casualty Actuarial Society ( CAS) is a professional society of actuaries in North America specializing in property and casualty insurance. [2] The two levels of CAS membership are Associate (ACAS) and Fellow (FCAS). Requirements for these levels of membership include a comprehensive series of exams. [3] Topics covered in the exams include ...
Actuarial credentialing and exams. The actuarial credentialing and exam process usually requires passing a rigorous series of professional examinations, most often taking several years in total, before one can become recognized as a credentialed actuary. In some countries, such as Denmark, most study takes place in a university setting.
The government actuary is the individual actuary that is responsible for the overall running and leadership of GAD. [1] The holders of this role have been: [2] Alfred Watson, 14 May 1917 – 7 May 1936. George Epps, 19 May 1936 – 30 November 1944. Percy Harvey, 1 December 1944 – 30 August 1946. George Maddex, 31 August 1946 – 31 March 1958.
An actuarial qualification from the Institute and Faculty of Actuaries consists of a combination of the completion of various examinations and courses. The examinations are split into six sections: Core Mathematics (CM), Core Statistics (CS), Core Business (CB), Core Practice (CP), Specialist Practice (SP), and Specialist Applications (SA).
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