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Fellow

Fellows of the Canadian Institute of Actuaries are authorized to append to their names the initials FCIA (Fellow, Canadian Institute of Actuaries) or FICA (Fellow, Institut canadien des actuaires).

All Fellows of the Institute are eligible to vote immediately upon confirmation of Fellowship.

Enrolment as a Fellow of the Institute requires the completion of education and examinations, as well as work experience requirements, via one of the following routes:

A. Conventional Route

Enrolment as a Fellow via the conventional route requires that an individual:

  1. Successfully complete all of the preliminary education requirements for Associate enrolment as described here;
  2. Successfully complete three Fellowship-level specialty track** exams and three modules, and the DMAC module of the Society of Actuaries (SOA)* or Fellowship examinations 7, 8, and 9 of the Casualty Actuarial Society (CAS)*;
  3. Successfully complete the SOA Fellowship Admission Course (SOA candidates only);
  4. Successfully complete the CIA Practice Education Course (PEC) (CAS candidates exempted); and
  5. Complete, to the Eligibility and Education Council’s (EEC) satisfaction, a three-year period of practical actuarial work experience including 12 months of Canadian practical work experience while enrolled as an Associate of the Canadian Institute of Actuaries (ACIA).

** ​Please note SOA recognized tracks include:
Corporate Finance and ERM (CFE) Track 
Quantitative Finance and Investment (QFI) Track 
Individual Life and Annuities Track 
Retirement Benefits Track 
Group and Health Track 

The CIA does not currently recognize the SOA General Insurance Track.

B. Mutual Recognition Agreement Route

Enrolment as a Fellow via the Mutual Recognition Agreement (MRA) route requires that the individual be a Fellow of an actuarial organization with which the Institute has entered into an MRA, by virtue of completing the examinations and any other qualification requirements of that organization, and that the individual enrols as an Associate or an Affiliate of the Institute, and he/she must:

  1. Successfully complete the Canadian Institute of Actuaries’ PEC or the Casualty Actuarial Society Part 6–Canada exam;
  2. Successfully complete the CIA Professionalism Workshop or approved CAS Course on Professionalism when it is offered in Canada and when it contains Canadian content; and
  3. Complete, to the EEC’s satisfaction, a three-year period of practical actuarial work experience including 12 months of Canadian practical work experience while enrolled as an Associate of the Canadian Institute of Actuaries (ACIA).

C. Affiliate Route

The Affiliate category of enrolment was adopted in order to provide a more general and open process of enrolment for fully qualified foreign actuaries who wish to practice in Canada and are not covered under an MRA. Enrolment as an Affiliate of the Institute requires an initial assessment of the individual qualifications of the candidate in order to determine the equivalency of the education and experience to the requirements of the CIA.

A customized program, based on the requirements of the CIA and the initial assessment of the candidate’s qualifications, will be set for each Affiliate of the CIA who wishes to pursue Fellowship. Information on how to enrol as an Affiliate may be obtained by contacting the Membership, Education and Professional Development department of the Institute.

Enrolment as a Fellow via the Affiliate route requires that the individual enrols as an Affiliate of the Institute while accruing Canadian practical work experience, and:

  1. Successfully complete the Canadian Institute of Actuaries’ PEC or the CAS Part 6–Canada exam;
  2. Successfully complete the CIA Professionalism Workshop or approved CAS Course on Professionalism when it is offered in Canada and when it contains Canadian content;
  3. Any other educational requirements determined on a case by case basis by the Committee on Eligibility after an evaluation of the applicant’s educational background; and
  4. Complete, to the EEC’s satisfaction, a three-year period of practical actuarial work experience including 12 months of Canadian practical work experience while enrolled as an Affiliate of the Canadian Institute of Actuaries (ACIA).

* Or the equivalent education/exams through another recognized actuarial association.

Experience Requirement for Fellowship

Applicants for Fellowship via all of the routes mentioned above, must, at the time of their application, meet two experience requirements: the Professional Experience Requirement and the Canadian Experience Requirement.

Professional Experience Requirement

Applicants for Fellowship in the Institute must establish, to the EEC’s satisfaction, that they have completed a three-year period of practical experience in full-time actuarial work during the 10-year period immediately prior to application. Full-time is defined as working 35 hours or more per week.

The specifics of this experience must be set out in detail and certified by a Fellow (or someone of equivalent status) of a recognized actuarial organization, as follows:

  1. Applicants should, in practical terms, transcribe the specifics of their three-year period of actuarial work; and
  2. In a separate letter, applicants should also have a professional actuary certify the accuracy of the work description, and certify that the experience is sufficient to meet the professional experience requirement.

In circumstances where it is not reasonable for an actuary to attest to the work performed under the direction of other actuaries, it will be appropriate for the applicant to have more than one actuary certify to the accuracy of the work description.

Example:

“I certify that the description of practical work experience performed by (applicant name) under my supervision is accurate. I also certify that this experience totals at least three years (or the exact period of work performed under the certifying supervisor if multiple company or supervisor) of full-time actuarial work in the last 6 years, as set forth by the standards of the Canadian Institute of Actuaries.”

Canadian Experience Requirement

Applicants for Fellowship in the Institute must establish to the EEC’s satisfaction that they have gained at least 12 person-months of specifically Canadian practical actuarial work experience, while enrolled as an Associate, within the three-year period immediately prior to the person’s application for Fellowship*.

A person-month shall be based on a 35-hour week or more. The 12-month period used to satisfy this requirement may be part of the three-year period used to satisfy the Professional Experience Requirement*.

Canadian residency and/or working for a Canadian company are not in itself sufficient to demonstrate satisfaction of this requirement.

The specifics of this experience must be set out in detail and certified by an FCIA, as follows:

Applicants for Fellowship in the Institute must establish to the EEC’s satisfaction that they have gained at least 12 person-months of specifically Canadian practical actuarial work experience, while enrolled as an Associate, within the three-year period immediately prior to the person’s application for Fellowship*. A person-month shall be based on a 35-hour week or more. The 12-month period used to satisfy this requirement may be part of the three-year period used to satisfy the Professional Experience Requirement*. Canadian residency and/or working for a Canadian company are not in itself sufficient to demonstrate satisfaction of this requirement. The specifics of this experience must be set out in detail and certified by an FCIA, as follows:
  1. The applicant should produce a written account detailing 12 months of Canadian work*.
  2. The applicant should select an FCIA who is thoroughly familiar with the work to certify the accuracy of the work description, and certify that the experience is sufficient to meet the Canadian Experience Requirement.
  3. The selected FCIA should attach a certification letter to the work description. In circumstances where it is not reasonable for an FCIA to attest to work performed under the direction of other actuaries, it will be appropriate for the applicant to have more than one FCIA certify to the accuracy of the work description. The certification letter and work description should accompany the Fellowship application form.

It should be noted that under certain circumstances, additional information or documentation may be requested from the Eligibility Committee.

Only experience that is deemed Canadian and certified by an FCIA would meet the Canadian Experience Requirement.

Example:

“I certify that the description of specifically Canadian work experience performed by (applicant name) under my supervision is accurate. I also certify that this experience totals at least 12 months (or the exact period of work performed under the certifying supervisor if multiple company or supervisor) of full-time Canadian Experience in the last three years, as set forth by the standards of the Canadian Institute of Actuaries.”

Additional guidelines for the Experience Requirement may be found here.