Actuary worldwide

Country

Type of preparation

Universities that offer the program

Institute and national actuary associations

Requirements to become part of the corresponding association

Association’s webpage

Recognition requirements

GERMANY

Certification exam

*University of Ulm (Universität Ulm)

*University of Göttingen

*Actuarial Association of Germany (Deutsche Aktuarvereinigung :DAV)

*German Society for Insurance Mathematics(Deutsche Gesellschaft fu ̈r Versicherungsmathematik)

*Institute of Experts in Insurance Mathematics(Institut der Versicherungsmathema- tischen Sachversta ̈ndigen

To become part of the DAV you must pass an actuarial and general competence exam.

link

ARGENTINA

College Program

Universidad de Buenos Aires

link

Register in the National Professional Economical Sciences Councl in the state that you wish to exercise, or by working for an institution that requires an actuarial degree.

AUSTRALIA

Certification exam

They offer courses to obtain part I and II (of the five necessary) from the program that the Institute of Actuaries of Australia demands.(IAAust):

*Macquarie University

*University of Melbourne

*Australia National University *University of New South Wales

*Distance course in the Institute and Faculty of Actuaries in the United Kingdom

Institute of Actuaries of Australia (IAAust)

Complete the five part program set by the IAAus.

link

AUSTRIA

College Program

Technical University of Vienna

Actuarial Association of Austria (Aktuarvereinigung Österreichs, AVÖ)

A degree in Actuarial Science and three years of professional experience.

*TUW

*AVÖ

BELGIUM

College Program

*Free University of Brussels(ULB)

*Louvain Catholic University(UCL) *KU Leuven *La Vrije Universiteit Brussel

Institute of Actuaries in Belgium

Obtaining a master’s degree in Mathematics, Economics, Civil Engineering or Physics and being admitted to an actuarial program which all universities offer.

IABE

BRAZIL

College Program

*Universidade Federal do Rio de Janeiro

*Fundação de Estudos Sociais do Paraná

*Universidade Federal de São Paulo

*Pontifícia Universidade Católica

*Universidade Federal de Minas Gerais

*Universidade Federal Fluminense

*Faculdade de Economia e Finanças do Rio de Janeiro

Instituto Brasileiro de Actuária

 

IBA

CANADA

College degree

*The University of Calgary

*The University of Concordia

*McMaster University

*University of Toronto

*Université du Québec à Montréal

*University of Waterloo

*York University

*Otras

Canadian Institute of Actuaries

Being a member of the SOA, you must take the practical formation course, given by the CIA, or be a member of the CAS (Casualty Actuary Society) and credit a specialization exam in Canada (Exam 6-Canada). Also, you must have three years of experience during the last decade and 18 months of actuarial practice in Canada during the last three years.

 

link

DENMARK

College Program

University of Copenhagen

Danish Society of Actuaries (Den Danske Aktuarforening-DDA)

Master’s degree and from three to five years of experience working in the insurance sector.

 

DDA

SPAIN

College Program

*Escuela de Formación de Actuarios *Universidad Pontificia Comillas (ICADE) *Universidad de Valencia

*Universidad de Málaga

*Universidad de Alcalá de Henares

Instituto de Actuarios Españoles.

Being a graduate from the actuarial sciences program.

IAE

UNITED STATES

College Career

*Columbia University in the City of New York

*University of Pennsylvania

*Boston University

*University of Wisconsin-Madison

*University of Connecticut

*Florida State University

*University of California-Los Angeles

*Otras

*Society of Actuaries life, health, pensions)

*Casualty Actuarial Society (damages and accidents)

For both associations, a member must have credited all of the necessary certification exams.

*link

*link

In the pensions area, you must pass three specialization exams to obtain an enrollment.

FINLAND

College program and certification exam.

*University of Tampere

*The University of Helsinki

*Others

Actuarial Society of Finland

Obtain a college degree, complete  Actuary Society’s courses, credit additional actuarial application exams, write a thesis and at least one year of labor experience.

 

ASF

FRANCE

College Program

*Université de Bretagne Occidentale (UBO) *L’Université de Lyon

*Université de Strasbourg

Institut Des Actuaires

Completed college studies and crediting an exam before the institute’s jury.

IDA

HONG KONG

College Program

*University of Hong Kong

*Chinese University of Hong Kong

*Hong Kong Polytechnic University

Actuarial Society of Hong Kong

Become a member of Australia’s, Canada’s, United Kingdom’s or United States Actuarial Society.

ASHK

INDIA

Professional Experience

*Bishop Herber College

*The National Insurance Academy

*Aligarh Muslim University

*University of Mumbai

*University of Delhi

*University of Kalyani

Institute of Actuaries of India

Pass certification exams.

IAI

IRELAND

Certification exam.

*University College Dublin *Queen’s University Belfast

*University College Cork

Society of Actuaries in Ireland (FSAI)

Become a member of the Institute and Faculty of Actuaries in the United Kingdom or by recognition agreements if member of the Groupe Consultatif, the Australian Institute, the Society of Actuaries , or the Canadian Institute of Actuaries.

SAI

ISRAEL

College Program

*Hebrew University en Jerusalem

*Tel Aviv Univesity

*University of Haifa

Israel Association of Actuaries

Obtain a universitarian title and pass IAA’s exams based in United Kingdom’s Actuarial Institute’s study plan.

IAA

ITALY

College Program

*Università di Roma “La Sapienza”

*Università di Trieste

*Istituto Italiano degli Attuari *Ordine Nazionale degli Attuari

Obtain a universitarian title in Actuarial Sciences or Statistics and credit an exam (oral and written) in mathematical techniques, statistics and insurance law.

*IIA

*ONA

JAPAN

Professional Experience

*Kyoto University

*Waseda University

*The University of Tokyo

*Osaka University

*Nihon University

Institute of Actuaries of Japan

To become an institute’s associate, you must pass five basic courses, and to become a member you must pass another two additional advanced courses.

IAJ

MALASIA

College program and certification exams.

*Universiti Kebangsaan Malaysia (UKM) *Universiti Teknologi Mara (UiTM) *University Tunku Abdul Rahman (UTAR) *University Malaya (UM)

Actuarial Society of Malaysia

To become a member of the ASM you must be a member of the Institute and Faculty of Actuaries of the United Kingdom, the Society of Actuaries of America, the Canadian Institute of Actuaries, o the Institute of Actuaries of Australia and to be accepted by the ASM’s committee.

ASM

MEXICO

College Program

*Universidad Nacional Autónoma de México UNAM

*Universidad de las Américas Puebla

*Universidad Anahuac

*Instituto Tecnológico Autónomo de México (ITAM) *Universidad Autónoma de Guadalajara (UAG)

*Universidad Autónoma de Nuevo León

*Otras ya mencionadas previamente

*Colegio Nacional de Actuarios

*Asociación Mexicana de Actuarios

*Asociación Mexicana de Actuarios Consultores

To become a member of CONAC it is necessary to have a college degree and a professional charter given the the Secretary of Public Education.

 

*AMA

*CONAC

For traditional areas it is necessary to count with a certificate by CONAC or the National Commision for Insurance and Finance. For non-traditional areas it generally is enough to present a professional charter.

 

NORWAY

Carrera Universitaria

*University of Oslo

*University of Bergen

Norwegian Actuarial Society

Study a five year-long master’s degree in mathematical statistics with a specialization in insurance and write a thesis equivalent to one year of work experience. Besides, an economics and ethics course must be taken.

link

NETHERLANDS

Carrera Universitaria

University of Amsterdam

Actuarieel Genootschap

Succesfuly finish the actuarial program from the Actuarieel Instituut or have a master’s degree in actuarial sciences by the University of Amsterdam.

link

PORTUGAL

College Degree

Technical University of Lisbon

Portuguese Institute of Actuaries

Having a graduate title in mathematics, economics or administration, one must also have credited courses in actuarial science, three years of labor experience and you must write a report under a PIA’s member supervision.

UNITED KINGDOM

College Program

*City University, London

*Heriot Watt University, Edinburgh, Scotland

*Kent University, Canterbury

*London School of Economics, London

*Swansea University

*Southampton University

*Warwick University

*Institute and Faculty of Actuaries

*Association of Consulting Actuaries *Staple Inn Actuarial Society *Bristol Actuarial Society *Faculty of Actuaries Students’ Society *Invicta Actuarial Society *Yorkshire Actuarial Society

Have a bachelor’s degree in actuarial sciences. Credit the basic certification exams and have sufficient laboral experience.

IFA

ACA

SIAS

BAS

FASS

IAS

YAS

SINGAPUR

College Degree

*Nanyang Technological University

*National University of Singapore

*Singapore Management University

Singapore Actuarial Society

Be a member of a recognized actuarial association and fulfil other SAS requirements.

link

SOUTH AFRICA

College program and certification exam,

*University of Kwa-Zulu Natal

*Wits University

*Stellenbosch University

*University of Cape Town *University of Pretoria

*University of the Free State

Actuarial Society of South Africa

Pass ASSA’s exam, which has content directly related to South Africa.

ASSA

College Program and certification exam.

*Stockholm University

Svenska Aktuarieföreningen

Have mathematical and statistical knowledge, besides a bachelor’s degree in topics related to actuarial sciences, having written a paper related to actuarial sciences and having two years of labor experience.

SA

SWITZERLAND

College program and certification exam.

*University of Lausanne

*Swiss Federal Institute of Technology Zurich

*University of Bern

Swiss Association of Actuaries (SAA)

Credit a commission’s evaluation by the SAA, have three years of professional experience and crediting a colloquium. For experts in pensions there are special admission exams.

 

SAA

Have a bachelor’s degree, pass al profesional exams. Specialized actuaries must have special certifications due to country’s special laws.