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Actuarial Science ClubOrientation 2015-2016
University of Toronto
TODAY’S AGENDA
Exams, UofT Course Correlation, Career Tracks
ASNA
Disciplines and Companies
Mentorship Program
Second Year Representatives
Connecting with the Club
Q&A and Networking Session
Companies in the Industry Life Insurance Companies:
Canada Life, Sun Life Financial, Manulife
Financial, Desjardins Group, Great West Life
Assurance
Property and Casualty Companies:
Intact Financial, RSA, Economical Insurance, TD Insurance, Aviva Canada, National Bank Insurance, Federated Insurance Company
Consulting Firms:
Towers Watson, Aon, Mercer, Eckler
Reinsurance Companies:
Munich Re, Swiss Re, Zurich Re
Exam Tracks
SOA (Society of Actuaries) :
• Life• Health• Pensions• Investments• General Insurance
Choose
CAS (Casualty, Actuarial Society) :
• Property• Casualty
CIA (Canadian Institute of Actuaries) :
• University Accreditation Program (UAP)
Preliminary Exams
P/1 Probability - at 2nd year beginningCourses: MAT137, MAT237, STA257
FM/2Financial Mathematics – End of 2nd yearCourses: ACT240, ACT245
MFE/3F Models for Financial EconomicsCourses: ACT245, ACT370, ACT460
MLCModels for Life Contingencies (MLC – SOA)Courses: ACT247, ACT348, ACT455
C/4Construction & Evaluation of Actuarial ModelsCourses: ACT451, ACT452, ACT466, STA261
Validation by Educational Experience Credits
Minimum Grade of B- (70%) Required in the following:
VEE Economics – ECO100/ ECO202/ ECO206/ ECO208
VEE Corporate Finance – ACT349 / (ECO358, ECO359)
– STA302, STA457
1. The VEE Applied Statistics is no longer required for CAS designations.
University Accreditation Program
The CIA’s University Accreditation Program (UAP) provides students with the option of applying to the CIA for exemptions from some of the early actuarial exams of the SOA and CAS
The option of gaining exam exemptions can provide candidates with a portion of the qualification requirements to become an Associate of the CIA.
See more at: http://www.cia-ica.ca/about-us/actuaries/careers/enrolment#sthash.iCUaW1JY.dpuf
University Accreditation Program
The numbers in parentheses are the minimum grades required for the accreditations.
SOA Exam FM/CAS Exam 2 courses: ACT240H (70), ACT245H (70)
SOA Exam MLC courses: ACT247H (70), ACT348H (70), ACT455H (70)
SOA Exam MFE/CAS Exam 3F courses: ACT370H (75), ACT460H (75)
SOA Exam C/CAS Exam 4 courses: ACT451H (75), ACT452H (75), ACT466H (75)
ASA – Associate of the SOA
Preliminary Exams (Exam P, FM, MFE, MLC and C)
VEE* Economics
VEE* Corporate Finance
VEE* Applied Statistics
Fundamentals of Actuarial Practice (FAP) e–Learning Course Associateship Professionalism Course (APC)
Associateship Professionalism Course
ACAS – Associate of the CAS
Preliminary Exams (Exam 1, 2, 3F, 4, S, 5 and 6)
VEE* Economics
VEE* Corporate Finance
Online Course 1 : Risk Mgmt. and Insurance Operations
Online Course 2: Insurance Accounting, Coverage Analysis, Insurance Law & Insurance Regulation
Course on Professionalism
Fellowship and Specialty Tracks
FSA (Fellow of the Society of Actuaries)
Individual Life & Annuities
Corporate Finance / ERM
Quantitative Finance and Investment
Retirement Benefits
Group & Health
General Insurance
FCAS (Fellow of CAS)
One Track
Fellowship and Specialty Tracks
CERA – Chartered Enterprise Risk Analyst
Preliminary Exams (Exam P, FM, MFE, MLC and C) Fundamentals of Actuarial Practice (FAP) e-Learning
Course VEE* Economics VEE* Corporate Finance Enterprise Risk Management Module Enterprise Risk Management Exam Associateship Professionalism Course (APC)
Actuarial Students National Association (ASNA)
This year’s convention to be held in January in Niagara.
Chance to meet professionals and make an impression.
Learn about various topics relating to Actuarial Science.
Keep up to date with our newsletter.
Mentorship Program – Questions
What is the Mentorship Program?
Who might my potential mentor be?
Why should I participate?
Mentorship Program
Orientation
Program
Launch
Pairing U
pInterview
Mentors/M
enteesInitial R
eview
Final Review
10/2015
Timeline of Events
10/2015 12/2015 3/2016
Mentors/M
entees
Second Year Representatives
Who are they?
Represent the Actuarial Science Club as a fellow student.
Serve as a medium of communication between the club and second year students.
Second Year Representatives
Responsibilities
Make announcements in class, transport pizzas and drinks, and run to stores to buy gifts for speakers in freezing weather conditions (all TRUE stories)
Sell tickets to strangers
Sacrifice study time to help organize events
Second Year Representatives
Benefits
Upper Year friends (we’re great)
Boost to your resume
Access to information
Interpersonal skills development
Second Year Representatives
How to Apply
Requirements: Must be enrolled in Actuarial Science Subject POST (major or specialist), i.e. enrolled in either ACT240, ACT245, or ACT247.
Process: Application will be open in the next few weeks. Submit an application form along with a ONE PAGE resume to apply. Further details to be posted on website shortly.
Connecting with the Club Visit our Facebook group. It can be found on the Contact Us
section of the website. Join our mail list by submitting your email address on our
website.
