## Study Guides for Actuarial Exams **Actuarial exams** are a series of tests and other requirements to earn an [[Actuarial Certifications|actuarial certification]], designated by professional organizations like the Casualty Actuarial Society ([[Casualty Actuarial Society (CAS)|CAS]]) and Society of Actuaries ([[Society of Actuaries (SOA)|SOA]]). 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} {CERA} > 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> > > [[The CAS Institute]] or iCAS (est. 2015) is a subsidiary of the CAS that provides specialty credentialing and professional education to quantitative specialists. > > [!example]- The CAS Institute (iCAS) {CSCR/CCRMP} > > <div class="grid"> <a class="card internal-link" href="Exams/Certifications/Certified Specialist in Catastrophe Risk (CSCR)"> <span class="act-card__badge act-card__badge--associate">Specialist</span> <h4 class="act-card__title">CSCR</h4> <p class="act-card__subtitle">Certified Specialist in Catastrophe Risk</p> <div class="act-card__pills" aria-label="Requirements"> <span class="act-pill act-pill--meta">4 Exams</span> <span class="act-pill act-pill--meta">Ethics &amp; Professionalism Course</span> </div> </a> <a class="card internal-link" href="CCRMP"> <span class="act-card__badge act-card__badge--fellow">Professional</span> <h4 class="act-card__title">CCRMP</h4> <p class="act-card__subtitle">Certified Catastrophe Risk Management Professional</p> <div class="act-card__pills" aria-label="Requirements"> <span class="act-pill act-pill--meta">CSCR</span> <span class="act-pill act-pill--meta">1 Exam</span> <span class="act-pill act-pill--meta">7 Years of Experience</span> </div> </a> </div> > [!example]- Society of Actuaries (SOA) {ASA/FSA} > The [[Society of Actuaries (SOA)|SOA]] (est. 1889/1949) 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> ## About the Wiki The Actuarial Notes Wiki began in 2023 as a personal project with the goal to create a knowledge base about Actuarial Science that made learning fun. > [!example]- How do I use the Study Guides? > 1. Go to the Study Guide page for your [[Actuarial Certifications|actuarial certification]] to see the requirements > 2. Choose the exam / course you want to pass next > 3. Read the syllabus to understand the learning objectives and the concepts that are covered > 4. Learn the concepts through reading and completing practice problems. > [!example]- How is Actuarial Notes Wiki developed? > Our development process looks like this: > 1. Identify '**Requirements**' for each credential (ex: [[FCAS]] / [[FSA]]) > 2. Create a Page for a Study Guide for each credential > 3. Create a Page for each Requirement > 1. Read PDF exam syllabus / content outline > 2. List '**Learning Objectives**' and '**Source Material**' > 3. Make each '**Concept**' a link > 4. (Coming Soon) Create a Page for each Concept > > As of today, this wiki is a one-person + AI project. > > [!example]- How do you use AI? > We use generative AI tools in our development process in the following ways: > 1. Read and organize information (ex: read a PDF exam syllabus and format the learning objectives and source material with links). > 2. Write code for the website (CSS and JS) > 3. Review educational content for accuracy and completeness. > > As of today, most of the information on this site is sourced directly from other documents like exam syllabi and textbooks published online. As we expand our educational content, we commit to never publishing any articles that written are 100% by AI without human review. Everything we publish is always first reviewed by a human. > [!example]- What are your long-term goals for the Wiki? > In the long-term, we are building a knowledge pipeline for human actuaries and AI to analyze and manage risk collaboratively. > > Breakthroughs in generative AI have recently showed a path towards building systems that can act intelligently, called [[AI Agent|AI Agents]] . With this new reality on the near-term horizon (3-5 years), Actuaries will need to find a new way to work together with other people and with AI. > [!example]- I want to contribute! How can I get involved? > We are actively looking for volunteer contributors to help write and review the content on this wiki. If you're interested in contributing, please reach out to Jordan. IYKYK.