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Actuarial Science Club Orientation 2015-2016 University of Toronto
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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
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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
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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)
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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
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Validation by Educational Experience Credits
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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
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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)
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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
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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
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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
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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)
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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.
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Mentorship Program – Questions What is the Mentorship Program? Who might my potential mentor be? Why should I participate?
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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
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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.
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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
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Second Year Representatives Benefits Upper Year friends (we’re great) Boost to your resume Access to information Interpersonal skills development
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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.
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Connecting with the Club Visit our Website: http://uoftactsciclub.comhttp://uoftactsciclub.com
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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.
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ANY QUESTIONS? Website: http://uoftactsciclub.comhttp://uoftactsciclub.com Email: utactclub@gmail.com
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