Exams and Requirements

Exams and requirements for each membership class are summarized in this page. The requirements displayed are the qualification requirements effective July 1, 2018 and changes effective July 1, 2021 for Associate and July 1, 2024 for Fellow. Please see the Exam Catalogue  for details of the latest syllabus and this link for the transition rules. To learn more about the requirements, click on the links below.

 

All SOA Preliminary Exams
Exam P: Probability Exam FM: Financial Mathematics Exam IFM: Investment and Financial Markets
Exam LTAM: Long-Term Actuarial Models Exam STAM: Short-Term Actuarial Models Exam SRM: Statistics for Risk Modeling*
Exam PA: Predictive Analysis*
VEE Requirements Mathematical Statistics Accounting and Finance Economics
Basic Non-Life Course**
SOA Fundamentals of Actuarial Practice
FAP Interim Assessment FAP Final Assessment
One (1) FSA Module 1/CAS Online Course 1*** Financial Economics Module Enterprise Risk Management Module
One (1) FSA Module 2/CAS Online Course 2*** Financial Reporting Module Financial Modeling Module Social Insurance Module
Health Foundations Module Pricing, Reserving & Forecasting Module CAS Risk Management & Insurance Operations
CAS Insurance Accounting, Coverage Analysis, Insurance Law and Insurance Regulation Regulation and Taxation Module Advanced Topics in CFE Module
Applications of Statistical Techniques Module
One (1) SOA (Core or Advanced) /CAS Fellowship Exam QFI Core Exam or QFI Advanced Exam Foundations of Corporate Finance & ERM Exam Life Finance and Valuation Exam
Life Pricing Exam Group & Health Core Exam or Group & Health Advanced Exam FCAS Exam 5, 7, 8 or 9
Strategic Decision Making Exam Introduction to Ratemaking & Reserving Exam Design & Accounting Exam (Retirement Benefit Track)
Financial & Regulatory Environment Exam (General Insurance Track)
All ASP Fellowship Exams ASP Integrated Exam I ASP Integrated Exam II
ASP Seminars AAS: Associateship Admission Session FAS: Fellowship Admission Session


*Exams PA and SRM are required for those applying for fellowship beginning July 1, 2024.
**may be used if completed before June 1, 2019 and qualifies for fellowship until June 30, 2024.
***Beginning July 1, 2024, this will be replaced by:

  • FSA ERM Module
  • Any  of the following modules available in SOA:
    1. Introduction to Corporate Finance and ERM (CFE);
    2. Financial  Modelling Module;
    3. Introduction to ILA Module;
    4. Pension Projections Module;
    5. Health Economics Module;
    6. Financial  Economics Module  or
    7. any among FCAS Exams 7 to  9 different from that taken in ASP Fellowship Exams

Beginning July 1, 2024, ASP Effective Communication, Problem Solving and Decision Making Module (ECPSDM Module) will be included as part of the fellowship requirements.

The Fellowship requirements are currently being reviewed by EEC to ensure full compliance to the 2017 IAA Education Syllabus. Further changes may be implemented with due consideration for reasonable transition rules.