Actuarial Science Club
Orientation 2015-2016
University of Toronto
TODAY’S AGENDA
Exams, UofT Course Correlation, Career Tracks
Disciplines and Companies
ASNA
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
Choose
SOA (Society
of Actuaries) :
CAS (Casualty,
Actuarial
Society) :
•Life
•Health
•Pensions
•Investments
•General Insurance
•Property
•Casualty
CIA (Canadian Institute of
Actuaries) :
• University Accreditation Program (UAP)
Preliminary Exams
P/1
Probability - at 2nd year beginning
Courses: MAT137, MAT237, STA257
FM/2
Financial Mathematics – End of 2nd year
Courses: ACT240, ACT245
MFE/3F
MLC
C/4
Models for Financial Economics
Courses: ACT245, ACT370, ACT460
Models for Life Contingencies (MLC – SOA)
Courses: ACT247, ACT348, ACT455
Construction & Evaluation of Actuarial Models
Courses: 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)
1
 VEE Applied Statistics – 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/aboutus/actuaries/careers/enrolment#sthash.iCUaW1JY.
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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
Timeline of Events
10/2015
10/2015
12/2015
3/2016
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 Website: http://uoftactsciclub.com
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.
ANY QUESTIONS?
 Website: http://uoftactsciclub.com
 Email: utactclub@gmail.com