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Actuarial Science Club Orientation 2015-2016 University of Toronto.

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Presentation on theme: "Actuarial Science Club Orientation 2015-2016 University of Toronto."— Presentation transcript:

1 Actuarial Science Club Orientation 2015-2016 University of Toronto

2 TODAY’S AGENDA Exams, UofT Course Correlation, Career Tracks ASNA Disciplines and Companies Mentorship Program Second Year Representatives Connecting with the Club Q&A and Networking Session

3 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

4 Exam Tracks SOA (Society of Actuaries) : Life Health Pensions Investments General Insurance Choose CAS (Casualty, Actuarial Society) : Property Casualty CIA (Canadian Institute of Actuaries) : University Accreditation Program (UAP)

5 Preliminary Exams P/1 Probability - at 2nd year beginning Courses: MAT137, MAT237, STA257 FM/2 Financial Mathematics – End of 2 nd year Courses: ACT240, ACT245 MFE/3F Models for Financial Economics Courses: ACT245, ACT370, ACT460 MLC Models for Life Contingencies (MLC – SOA) Courses: ACT247, ACT348, ACT455 C/4 Construction & Evaluation of Actuarial Models Courses: ACT451, ACT452, ACT466, STA261

6 Validation by Educational Experience Credits

7 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/about- us/actuaries/careers/enrolment#sthash.iCUaW1JY. dpufhttp://www.cia-ica.ca/about- us/actuaries/careers/enrolment#sthash.iCUaW1JY. dpuf

8 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)

9 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

10 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

11 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

12 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)

13 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.

14 Mentorship Program – Questions  What is the Mentorship Program?  Who might my potential mentor be?  Why should I participate?

15 Mentorship Program Orientation Program Launch Pairing Up Interview Mentors/Mentees Initial Review Final Review 10/2015 Timeline of Events 10/2015 12/2015 3/2016 Mentors/Mentees

16 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.

17 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

18 Second Year Representatives Benefits  Upper Year friends (we’re great)  Boost to your resume  Access to information  Interpersonal skills development

19 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.

20 Connecting with the Club  Visit our Website: http://uoftactsciclub.comhttp://uoftactsciclub.com

21 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.

22 ANY QUESTIONS?  Website: http://uoftactsciclub.comhttp://uoftactsciclub.com  Email: utactclub@gmail.com


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