Flexible Pathway

Current Challenge

  • Forced track structure lacks flexibility and customization
  • Highly specialized tracks are less relevant for developing markets
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SOA Shift

  • Shifting from "tracks" to a flexible pathway
  • Flexibility to focus on a single practice area or create a combination of courses relevant to you

5 Courses required:

4 Technical courses (one must build on another)

1 Decision Making and Communications (DMAC) course

+ Fellowship Admissions Course (FAC)

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With a flexible FSA pathway, you have the ability to focus on a single practice area or create a combination of courses that align with your current career or future aspirations. With more options, you can concentrate on the material that is most relevant to you, while preserving the high standards of the credential.

Complete four technical courses, including two in the same subject area where one builds on the prior course. The Decision Making and Communication (DMAC) course and Fellowship Admissions Course (FAC) round out your pathway. You can still concentrate in a single practice area by choosing four technical courses from that specialty.

Choose from About 20 Courses

Courses are currently being developed and will be announced in the future.

20-courses-Life annuities
20-courses-Retirement benefits
20-courses-Health
20-courses-General insurance
20-courses-Finance
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20-courses-combo

Choose Your Path

20-courses-single-2

Or

20-courses-combo

Theoretical Examples of Crafting Your Path

Here are some hypothetical examples of how the SOA’s course options could work for you.

Single Practice Area

Single practice-Life
Life Insurance and Annuities Candidate

An actuary working exclusively in life and annuities might choose:

  1. Introduction to Individual Life and Annuities
  2. Individual Life and Annuity Pricing
  3. Individual Life and Annuity Valuation
  4. Individual Life and Annuity Modeling and ALM
Single practice-Health
Health Insurance Candidate

An actuary working in U.S. health insurance might choose:

  1. Health Economics and Foundations
  2. Pricing and Reserving Medical Benefits
  3. Pricing and Reserving for Disability, Long-Term Care, Group Life, and Dental
  4. Risk Mitigation or Employee Benefit Design for Active and Retired Employees

Flexible Combination

Combination-Short-term
Short-term Insurance Candidate

An actuary working in short-term insurance might choose:

  1. General Insurance Ratemaking and Reserving
  2. General Insurance Advanced Ratemaking and Reserving
  3. Health Economics and Foundations
  4. Pricing and Reserving for Disability, Long-Term Care, Group Life, and Dental
Combination-Long-term
Long-term Insurance Candidate

An actuary working in long-duration products might choose:

  1. Introduction to Individual Life and Annuities
  2. Individual Life and Annuity Pricing
  3. Introduction to Retirement Plans and Design
  4. Introduction to Investments

Questions and Answers