Abstract
This chapter reviews the International Actuarial Association survey of its members, regarding their educational practices. It identified a number of academic topics as describing the repertoire of scientific knowledge and competency areas of actuaries. The list of topics is, in a sense, more important than the answers to the survey. It summarizes the understanding of leading actuaries of the core tools of their profession. Actuarial education is divided into ten broad areas. These include financial mathematics, probability and mathematical statistics, economics, accounting, modeling, statistical methods, actuarial mathematics, investment, asset management, principles of actuarial management, and professionalism. There are major differences in actuarial education around the world. The Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) qualifications are respected and honored around the world. Twice a year, in May and November, students can write SOA and CAS examinations in multiple centers in the United States and most provinces in Canada, as well as in international examination centers. In addition to being able to carry out mathematical and statistical calculations, a candidate must be able to understand the definitions and interrelationships of concepts from economics and finance.
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