EXAM TRACKS
In order to become an actuary, there are a series of professional exams you need to pass as well as educational requirements you can complete while you are a student. The two exam streams are the SOA and CAS.The SOA track is common for life and health insurance, retirement benefits, pensions, and emerging sectors such as enterprise risk management, asset liability management, and most actuarial consulting. The CAS track is targeted toward property and casualty insurance including auto, property, and liability insurance.The course mapping to help you prepare for the requirements is outlined below.
The Canadian Institute of Actuaries (CIA) University Accreditation Program gives students credits for professional exams for receiving the minimum specified grade. Please note, the CIA accreditation program is not transferable to the SOA exams but is transferable for P, and FM for CAS only.
Courses required for UAP accreditation:
STAT 321
ACSC 325
ECON 201
ECON 203
ACSC 425
ACSC 515
ACSC 327
ACSC 427
ACSC 527
ACSC 437
ACSC 531
ACSC 537
ACSC 511
STAT 429
ACSC 513
STAT 517
UofC Courses that Correspond to SOA/CAS Exams
Exam P
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STAT 321: Introduction to Probability
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STAT 323: Introduction to Theoretical Statistics
Exam FM
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ACSC 325: Theory of Interest/Mathematics of Finance
Exam FAM
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ACSC 327: Life Contingencies I
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ACSC 427: Life Contingencies II
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ACSC 437: Actuarial Models
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ACSC 531: Loss Distributions and Their Estimations
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ACSC 515: Models for Financial Economics
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ACSC 537: Credibility Theory
Exam SRM
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STAT 429: Linear Models and Their Applications
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STAT 505: Time Series Analysis
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ACSC 511: Generalized Linear Models for Actuaries
Exam PA
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STAT 429: Linear Models and Their Applications
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STAT 505: Time Series Analysis
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ACSC 511: Generalized Linear Models for Actuaries
*Recommend doing SRM prior to this exam
Exam ALTAM
Only one of ALTAM/ASTAM is required
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ACSC 327: Life Contingencies I
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ACSC 427: Life Contingencies II
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ACSC 527: Life Contingencies II
*Recommend doing FAM prior to this exam
Exam ASTAM
Only one of ALTAM/ASTAM is required
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ACSC 437: Credibility Theory
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ACSC 531: Loss Distributions and Their Estimations
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ACSC 537: Credibility Theory
*Recommend doing FAM prior to this exam
MAS-I
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STAT 323: Introduction to Theoretical Statistics
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STAT 429: Linear Models and Their Applications
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STAT 507: Stochastic Processes
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ACSC 327: Life Contingencies I
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ACSC 437: Actuarial Models
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ACSC 511: Generalized Linear Models for Actuaries
*Recommend doing P prior to this exam
MAS-II
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STAT 505: Time Series Analysis
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ACSC 537: Credibility Theory
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ACSC 511: Generalized Linear Models for Actuaries
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ACSC 531: Loss Distributions and Their Estimations
Exam 5
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ACSC 531: Loss Distributions and Their Estimations
PCPA
*Recommend doing MAS-I, MAS-2, and Exam 5 prior to this exam
Exam 6