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Contents

 

North American actuarial examinations (SOA/CAS)

·         where to sit SOA/CAS examinations

·         steps SOA/CAS exam application procedure

·         description of the SOA/CAS subjects

      Actuarial examinations of the UK Institute of Actuaries

·         where to sit examinations of the UK Institute of Actuaries in Ukraine

·         steps of application procedure for admission to the UK Institute of Actuaries

·         description of the Actuarial Techniques Subjects of the UK Institute of Actuaries

      Actuarial exam training courses for sitting examinations of the UK Institute of Actuaries

·         where to take the actuarial exam training courses

·         schedule of the future actuarial exam training courses at the Centre

      Actuarial research workshops at the Centre presented by the international partners

·         schedule of future actuarial research workshops at the Centre

                                                            

 

 

 

North American actuarial examinations of the

 Society of Actuaries (SOA) and Casualty Actuarial Society (CAS)

 

 

Where to sit SOA/CAS examinations?

 

All Ukrainian candidates have a great opportunity to sit their SOA/CAS examinations in Lviv (Ukraine) at the Actuarial Education and Reference Centre:

 

Actuarial Education & Reference Centre (Lviv)
International Institute of Education and Culture,
National University “Lviv Polytechnic”
32-D Stepana Bandery str.,
LVIV 79013, UKRAINE

Tel: 380-32-2580161
Tel/Fax: 380-32-2580151
E-mail:
n.kravchuk@lviv-actuaries.org

Homepage: http://www.lviv-actuaries.org

 

Dr Nataliya KRAVCHUK (coordinator of the Centre) is considered to be a potential candidate for the position of a supervisor of the SOA/CAS exam site in Ukraine. According to the SOA/CAS exams application procedure each candidate willing to sit SOA/CAS exam(s) should first contact SOA or CAS to arrange and approve his/her exams supervisor (more details are provided in the following paragraph). 

 

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Steps of SOA/CAS exams application procedure

 

Arrangement of exams supervisor. All Ukrainian candidates have to contact

 

a) SOA examinations coordinator Ms Jane LESCH by e-mail jlesch@soa.org, or

b) CAS examinations coordinator Mr Bob CRAVER by e-mail bcraver@casact.org

 

 

for a Supervisor’s form to locate the services of a supervisor and examination facilities acceptable to the SOA/CAS.  When the services of a supervisor are secured, please have the person, which is potential candidate for a position of exams supervisor, complete the Supervisor's Form and return it to our office before the deadline: APRIL 1 for the Spring examinations and SEPTEMBER 24 for the Fall examinations. After the SOA has given its approval of the supervisor, the candidate's registration will proceed by submitting the application form for SOA/CAS actuarial exams.

 

Application form for actuarial exams. The application form for actuarial exams can be downloaded fro the web site of

SOA – click here

CAS – click here

 

Application form for actuarial exams has to be returned to SOA/CAS office before the deadline: APRIL 1 for the Spring examinations and SEPTEMBER 24 for the Fall examinations.

 

For Exams 1, 2, and 4, joint SOA/CAS Preliminary Actuarial Examinations will send each candidate a Ticket of Admission that indicates the examination(s) for which the candidate is registered. Tickets of Admission will be mailed beginning March 1 for the Spring session and September 1 for the Fall session. This Ticket of Admission must be brought to the examination centre and should be retained after the session is completed. A candidate who has not received a Ticket of Admission two weeks before the examination, or whose ticket contains incorrect information, should contact the Society of Actuaries or the Casualty Actuarial Society. The Ticket of Admission also serves as a receipt and should be retained if needed for tax purposes.

Fee Discount Program in Qualified Countries.  The CAS and SOA sponsor a program to provide financial relief to candidates of qualified countries. Eligible candidates must be current residents of a qualified country (Ukraine is qualified country) and verify that they are personally paying for exam fees and study materials without assistance from employers or other entities. Candidates must write their examinations within a qualified country. Application process is as following

·        Candidates must apply to this program before attempting to register for an examination. Applications and exam registration forms will not be accepted concurrently.

·        The candidate must complete the attached application and submit it to the Society of Actuaries. Applications must be submitted before registering for an examination(s). It is recommended that applications be submitted no later than March 1 for the May examination session or August 1 for the November examination session. Upon approval, candidates will be sent specially marked examination registration, study note and textbook order forms. These order forms will indicate the reduced fees and prices available to the approved applicant. It is important to note that approved candidates are requested to not distribute these forms to other candidates.

·        Applications are not accepted via e-mail. If you fax your application, please do not submit a duplicate via mail.

·        For subsequent examination sessions, candidates who previously received assistance, and who continue to meet the criteria, will receive specially marked forms by January 1 for the May examination administration/July 1 for the November examination administration. Candidates need only apply for assistance once.

Candidates or employers may direct questions related to

·        SOA exams to Leslie Fausher, Core Studies and Global Initiatives Administrator at the Society of Actuaries, lfausher@soa.org, 847·706·3547, phone or 847/273-8547, fax.

·        CAS exams to Thomas Downey, Manager of Admissions at the Casualty Actuarial Society, tdowney@casact.org; phone: 703/276-3100; or fax 703/276-3108.

Detailed application information, including a list of qualified countries, is available for download from the web sites of SOA and CAS.

Study Materials

·        Study notes for SOA Courses 1-6 (CAS Courses 1, 2 and 4) are available electronically at no cost to the candidate. For more information please click here (see Basic Education Catalog and Supplements).

·        Study notes for SOA Courses 7-8 will be available at reduced prices plus the cost of shipping. Please see www.soa.org.

·        Study notes for CAS Courses 3, 5-9 will be available at reduced prices plus the cost of shipping. Please see www.casact.org.

·        Textbooks published by the Society of Actuaries/Casualty Actuarial Society will be available at reduced prices plus the cost of shipping.

For more information about SOA/CAS exam and application important dates please:

 

·        click here to visit education page of the SOA web site

·        click here to visit education page of the CAS web site

 

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Description of the SOA/CAS subjects      

 

Below you can find description of all SOA/CAS subjects. Description of each subject is ended by the list of recommended reading materials. Part of actuarial literature mentioned here as the main and/or additional reading materials is available at the Actuarial Reference Library of the Education and Reference Centre in Lviv. (Please click on the subject to download PDF file).

 

SOA/CAS Course 1: Mathematical Foundations of Actuarial Science

SOA/CAS Course 2: Interest Theory, Economics and Finance

SOA Course 3: Actuarial Models

CAS Course 3: Actuarial Models

SOA/CAS Course 4: Actuarial Modeling

SOA Course 5: Application of Basic Actuarial Principles

CAS Course 5: Introduction to Property and Casualty Insurance and Ratemaking

SOA Course 6: Finance and Investments

CAS Course 6: Reserving, Insurance Accounting Principles, and Reinsurance

 

  

Actuarial examinations of the UK Institute of Actuaries

 

Where to sit examinations of the UK Institute of Actuaries?

 

All Ukrainian candidates have a great opportunity to sit their examinations of the UK Institute of Actuaries in the capital of Ukraine, Kiev.

 

The UK Institute of Actuaries Examination Centre has been established in Kiev in 2002 on the basis of the Taras Shevchenko National University.

 

Dr Alexander MATS is Supervisor of this Centre. He is responsible for arranging all necessary conditions for sitting examinations at the Centre required by the UK Institute of Actuaries.

 

The official address of the Centre is as follows

 

UK Institute of Actuaries Exam Centre (KIEV),

Probability and Statistics Department of the

Mechanics and Mathematics Faculty,

Taras Shevchenko National University

2 Prospect Glushkova,

Kiev 03680, UKRAINE

E-mail: mats@vk.kharkov.ua

 

Dr Nataliya KRAVCHUK is Local Representative of the UK Institute of Actuaries in Ukraine. Mrs Kravchuk has been appointed by the UK IoA for the purpose of advising students and those contemplating an actuarial career on matters in general in connection with the profession, particularly with regard to the education, tuition and examination activities, including special local arrangements.

 

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Steps of application procedure for admission to the

UK Institute of Actuaries and sitting examinations

 

Most entrants to the actuarial profession today have studied mathematically orientated subjects at a university before joining the profession. It is, however, possible to join with a good knowledge of mathematics to a higher school leaving stage. All UK Institute of Actuaries examinations are in English. Therefore, the knowledge of the English language is essential. If so, then

 

1)     Take the Application Form for Student Membership Reduced Rates and make sure you have completed it in full and enclosed copies of all supporting documentation, which are:

 

·        enclosed all educational certificates referred to in the application

·        provided an appropriate method of payment

·        signed and dated the declaration

·        provided the details of two suitable referees.

 

Important notice: Certificates in any language other then English must be accompanied by duly attested English translations.

 

And a professional person (not family member or friend) must sign photocopies of certificates as confirmation that they are true copies of the originals before they will be accepted.

 

2)  If you wish to start the examinations the Admission Officer in UK must receive this application, together with the necessary fee by the appropriate date. The examinations for all subjects are held in April and September. For instance, if you are going to start the examinations in April (September) 2005 your completed application for Student Membership must be received by 31 January (04 July) 2005.

 

3)     Completed applications should be returned to: 

Admission Team,

Institute of Actuaries, Napier House,

4 Worcester St., Oxford, OX1 2AW,

UNITED KINGDOM

 

Once you have been admitted as a Student of the UK Institute of Actuaries you will be sent personalised entry exams form for your further examinations. These forms are sent to all UK Institute of Actuaries students every year in June and December. Completed entry exams form must be received by the Registry of the Institute of Actuaries by the appropriate date. For instance, if you are going to start the examinations in April (September) 2005 your completed entry exams form must be received by 14 February (18 July) 2005. 

 

The Institute of Actuaries currently have a reduced rate policy for fees and subscriptions to help members and students in countries outside the UK with very low incomes (Ukraine is eligible country for reduced rate of fees). Current reduced fees are provided below. For more details about application procedure please visit UK Institute of Actuaries website

 

http://www.actuaries.org.uk

 

 

 

Reduced fees (UK pounds)

Full fees (for UK and EU citizens)

Entrance fee on

Becoming a student

(paid once in your life)

£46.50

£100.00

Student subscriptions

(annual fee)

£30.00

£150.00

 

 

 

Subject

Reduced fees (UK pounds)

Full fees (for UK and EU citizens)

CT stage (8 exams)

old 100 series

£

£160.00 per exam

CA stage (2 exam)

old 200 series