## Study Guides for Actuarial Exams **Actuarial exams** are a series of tests and other requirements administered by professional organizations like the Casualty Actuarial Society and Society of Actuaries. It typically takes 7–10 years to become a fellow with pass rates for each exam around 30–50%. - [[Actuary|What is an Actuary?]] - [[How to become an Actuary|How do I become an Actuary?]] ### Preliminary Exams <section class="exam-links"> <a class="exam-link exam-link--blue internal-link" href="Exam P-1 (SOA)"> <span class="exam-code">P-1</span><span class="exam-name">Probability</span> </a> <a class="exam-link exam-link--indigo internal-link" href="Exam FM-2 (SOA)"> <span class="exam-code">FM-2</span><span class="exam-name">Financial Math</span> </a> </section> ### Actuarial Certifications > [!example]- Casualty Actuarial Society (CAS) {ACAS/FCAS} > The [[Casualty Actuarial Society (CAS)|CAS]] (est. 1914) is a professional organization for actuaries specializing in property and casualty (P&C) insurance. > > <div class="grid"><a class="card internal-link" href="Exams/Certifications/Associate of the Casualty Actuarial Society (ACAS)"><span class="act-card__badge act-card__badge--associate">Associate</span><h4 class="act-card__title">ACAS</h4><p class="act-card__subtitle">Associate of the Casualty Actuarial Society</p><div class="act-card__pills" aria-label="Requirements"> <span class="act-pill act-pill--meta">2 VEEs</span><span class="act-pill act-pill--meta">7 Exams</span><span class="act-pill act-pill--meta">1 Project</span><span class="act-pill act-pill--meta">3 Online Courses</span><span class="act-pill act-pill--meta">1 Seminar</span></div></a><a class="card internal-link" href="Exams/Certifications/Fellow of the Casualty Actuarial Society (FCAS)"><span class="act-card__badge act-card__badge--fellow">Fellow</span><h4 class="act-card__title">FCAS</h4><p class="act-card__subtitle">Fellow of the Casualty Actuarial Society</p><div class="act-card__pills" aria-label="Requirements"> <span class="act-pill act-pill--meta">ACAS</span><span class="act-pill act-pill--meta">3 Exams</span><span class="act-pill act-pill--meta">3 Years of Experience</span></div></a> </div> > [!example]- Society of Actuaries (SOA) {ASA/FSA} > The [[Society of Actuaries (SOA)|SOA]] (est. 1949) is a professional organization for actuaries specializing in life insurance, health insurance, pensions, retirement systems, and financial risk management. > > <div class="grid"><a class="card internal-link" href="Exams/Certifications/Associate of the Society of Actuaries (ASA)"> <span class="act-card__badge act-card__badge--associate">Associate</span><h4 class="act-card__title">ASA</h4> <p class="act-card__subtitle">Associate of the Society of Actuaries</p> <div class="act-card__pills" aria-label="Requirements"><span class="act-pill act-pill--meta">3 VEEs</span><span class="act-pill act-pill--meta">8 Exams</span><span class="act-pill act-pill--meta">1 Project</span><span class="act-pill act-pill--meta">3 Online Courses</span><span class="act-pill act-pill--meta">1 Seminar</span></div></a><a class="card internal-link" href="Exams/Certifications/Fellow of the Society of Actuaries (FSA)"> <span class="act-card__badge act-card__badge--fellow">Fellow</span><h4 class="act-card__title">FSA</h4><p class="act-card__subtitle">Fellow of the Society of Actuaries</p> <div class="act-card__pills" aria-label="Requirements"><span class="act-pill act-pill--meta">ASA</span><span class="act-pill act-pill--meta">3-4 Exams</span><span class="act-pill act-pill--meta">4 Courses</span></div></a></div> > [!example]- Canadian Institute of Actuaries (CIA) {ACIA/FCIA} > The CIA (est. 1965) is the national professional organization that represents actuaries in Canada. The CIA establishes standards of practice, promotes actuarial education, and supports the professional development of actuaries. > > <div class="grid"><a class="card internal-link" href="Exams/Certifications/Associate of the Canadian Institute of Actuaries (ACIA)"> <span class="act-card__badge act-card__badge--associate">Associate</span><h4 class="act-card__title">ACIA</h4> <p class="act-card__subtitle">Associate of the Canadian Institute of Actuaries</p> <div class="act-card__pills" aria-label="Requirements"><span class="act-pill act-pill--meta">Actuarial Degree</span><span class="act-pill act-pill--meta">2 Modules</span><span class="act-pill act-pill--meta">Capstone Exam</span></div></a><a class="card internal-link" href="Exams/Certifications/Fellow of the Canadian Institute of Actuaries (FCIA)"> <span class="act-card__badge act-card__badge--fellow">Fellow</span><h4 class="act-card__title">FCIA</h4><p class="act-card__subtitle">Fellow of the Canadian Institute of Actuaries </p> <div class="act-card__pills" aria-label="Requirements"><span class="act-pill act-pill--meta">ASA</span><span class="act-pill act-pill--meta">...</span><span class="act-pill act-pill--meta">...**</span></div></a></div> ## Lines of Business Actuaries traditionally manage risk for insurance companies and pension plans. Each **line of business** and product has distinct risks. <section class="wiki-cards"> <a class="wiki-card internal-link" href="Lines of Business/Property and Casualty Insurance"> <div class="wiki-card__icon wiki-card__icon--orange">🏠</div> <div class="wiki-card__content"> <div class="wiki-card__title">Property and Casualty Insurance (P&C) <span class="wiki-card__badge wiki-card__badge--soon">Coming Soon</span></div> </div> </a> <a class="wiki-card internal-link" href="Lines of Business/Life Insurance"> <div class="wiki-card__icon wiki-card__icon--blue">💙</div> <div class="wiki-card__content"> <div class="wiki-card__title">Life Insurance <span class="wiki-card__badge wiki-card__badge--soon">Coming Soon</span></div> </div> </a> <a class="wiki-card internal-link" href="Lines of Business/Health Insurance"> <div class="wiki-card__icon wiki-card__icon--red">❤️</div> <div class="wiki-card__content"> <div class="wiki-card__title">Health Insurance <span class="wiki-card__badge wiki-card__badge--soon">Coming Soon</span></div> </div> </a> <a class="wiki-card internal-link" href="Lines of Business/Pensions"> <div class="wiki-card__icon wiki-card__icon--green">🏦</div> <div class="wiki-card__content"> <div class="wiki-card__title">Pensions <span class="wiki-card__badge wiki-card__badge--soon">Coming Soon</span></div> </div> </a> </section>