Membership & Education
 
 

University of Manitoba

Website: http://www.umanitoba.ca/management

Name of Actuarial Science Programs:

  • BComm (Hons) Actuarial Mathematics
  • BSc (Hons) Actuarial Mathematics
  • BSc (Hons) Actuarial Mathematics and Statistics Joint Program

Description of the Actuarial Science Program:

The Actuarial Mathematics program at the University of Manitoba is one of the oldest in North America, having offered actuarial courses since 1912. Over 700 graduates have become Associates or Fellows of the Society of Actuaries (SOA) or the Casualty Actuarial Society. Currently, three undergraduate programs leading to BComm (Hons.) or BSc (Hons.), and one master’s program (MSc in Management), are offered and administrated under the Warren Centre for Actuarial Studies and Research. The Warren Centre has been recognized as a Center of Actuarial Excellence by the SOA since 2009. It was ranked as the best actuarial program in Canada in the 2010 Knight Schools survey, and was accredited by the CIA under its University Accreditation Program in 2011.

Credits for 2017-2018:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   ACT 2120*   Interest Theory B+
FM/2 #2     
FM/2 #3        
FM/2 #4        
 
MFE/3F #1    ACT 2020** Economic and Financial Applications  B
MFE/3F #2   ACT 3340 Financial Derivatives for Actuarial Practice  A
MFE/3F #3  
 
MFE/3F #4  


 
MLC #1   ACT 3130   Actuarial Models 1 B+
MLC #2   ACT 3230   Actuarial Models 2 B+
MLC #3  
 
MLC #4        
 
C/4 #1 ACT 4630   Construction and Evaluation of Actuarial Models A
C/4 #2  

C/4 #3  

C/4 #4  
 


Transition Rules

1) *ACT 2120 must be completed after September 2017 to qualify for a credit for FM/2. Credit for FM/2 based on ACT 2120 completed before September 2017 must be combined with ACT 2020 completed before September 2017.

2) **ACT 2020 completed before September 2017 combined with ACT 3340 completed after September 2017 will qualify for a credit for MFE/3.

Credits for 2016-2017:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   ACT 2120
Interest Theory 
B
FM/2 #2  ACT 2020**
Economic and Financial Applications  B
FM/2 #3        
FM/2 #4        
 
MFE/3F #1   ACT 3340
Financial Derivatives for Actuarial Practice
A
MFE/3F #2  
 
MFE/3F #3  
 
MFE/3F #4  


 
MLC #1   ACT 3130
Actuarial Models 1  B+
MLC #2   ACT 3230
Actuarial Models 2
B+
MLC #3  
 
MLC #4        
 
C/4 #1 ACT 4630
Construction and Evaluation of Actuarial Models  A
C/4 #2  

C/4 #3  

C/4 #4  
 


**Please note that no credit will be granted for SOA/CAS exams FM/2 based on ACT 2020 completed in Summer 2016 or Winter 2017. 


Credits for 2015-2016:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   ACT 2120
Interest Theory 
B
FM/2 #2  ACT 2020
Economic and Financial Applications  B
FM/2 #3        
FM/2 #4        
 
MFE/3F #1   ACT 3340
Financial Derivatives for Actuarial Practice
A
MFE/3F #2  
 
MFE/3F #3  
 
MFE/3F #4  


 
MLC #1   ACT 3130
Actuarial Models 1  B+
MLC #2   ACT 3230
Actuarial Models 2
B+
MLC #3  
 
MLC #4        
 
LC #1 ACT 3130
Actuarial Models 1  B+
LC #2 ACT 3230
Actuarial Models 2  B+
LC #3
 
LC #4
 
 
C/4 #1 ACT 4630
Construction and Evaluation of Actuarial Models  A
C/4 #2  

C/4 #3  

C/4 #4  
 


Credits for 2014-2015:

SOA/CAS Exam Reference University Course Reference Minimum Grade
 
FM/2 #1   ACT 2120 B
FM/2 #2   ACT 2020 B
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   ACT 3340 A
MFE/3F #2      
MFE/3F #3      
MFE/3F #4      
 
MLC #1   ACT 3630 B+
MLC #2  
MLC #3      
MLC #4      
 
3L/LC #1*  ACT 3630  B+
3L/LC #2*    
3L/LC #3*  
 
3L/LC #4*  
 
 
C/4 #1 ACT 4630 A
C/4 #2  
C/4 #3      
C/4 #4      

* Note:
- 3L: granted for courses taken up to August 2014 (the CAS will automatically convert 3L credit to LC credit);
- LC: granted for courses taken beginning September 2014.


Credits for 2013-2014:

SOA/CAS Exam Reference University Course Reference Minimum Grade 
 
FM/2 #1   ACT 2120 B
FM/2 #2   ACT 2020 B
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   ACT 3340 A
MFE/3F #2      
MFE/3F #3      
MFE/3F #4      
 
MLC #1   ACT 3130 B+
MLC #2   ACT 3230 B+
MLC #3      
MLC #4      
 
3L #1  ACT 3130  B+
3L #2    ACT 3230  B+
3L #3    ACT 4140  A
3L #4    ACT 4340  A
 
C/4 #1 ACT 4140 A
C/4 #2   ACT 4340 A
C/4 #3      
C/4 #4      

Credits for 2012-2013:

SOA/CAS Exam Reference University Course Reference Minimum Grade
 
FM/2 #1   ACT 2120 B
FM/2 #2   ACT 2020 B
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   ACT 3340 A
MFE/3F #2      
MFE/3F #3      
MFE/3F #4      
 
MLC #1   ACT 3130 B+
MLC #2   ACT 3230 B+
MLC #3      
MLC #4      
 
3L #1    
3L #2      
3L #3      
3L #4      
 
C/4 #1 ACT 4140 A
C/4 #2   ACT 4340 A
C/4 #3      
C/4 #4      


Note:

The CIA will grant candidates credits based on the achievement of the Credit Grade towards Associate (ACIA) and Felllow (FCIA) membership with the CIA.  At the time of this agreement, CIA credits are recognized by the following actuarial organizations towards their respective designations:

  • Casualty Actuarial Society (CAS): ACAS, FCAS
  • UK Institute and Faculty of Actuaries (IFoA): FIA, AIA
  • Institute of Actuaries of Australia (IAA): AIAA, FIAA

The CIA does not guarantee that credits granted to candidates under the CIA UAP will be recognized by any other actuarial organizations towards their actuarial designations.