Membership & Education
 
 

Simon Fraser University

Website: http://www.stat.sfu.ca/

Name of Actuarial Science Programs:

  • BSc Major in Actuarial Science
  • BSc Honours in Actuarial Science
  • Certificate in Actuarial Mathematics
  • MSc in Actuarial Science

Description of the Actuarial Science Program:

The Department of Statistics and Actuarial Science at Simon Fraser University offers undergraduate major and honours degrees in actuarial science. A demanding suite of actuarial, mathematics, statistics, business, and economics courses in these programs ensure that graduates obtain both the rigorous theoretical foundations and the practical knowledge required to begin successful actuarial careers in a variety of settings. The certificate program in actuarial mathematics, designed to assist graduates from non-actuarial fields, provides similar benefits. The department also offers a two-year research-oriented master's program in actuarial science.

Credits for 2017-2018:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   ACMA 210
 Mathematics of Compound Interest
B+
FM/2 #2
   
FM/2 #3        
FM/2 #4        
 
MFE/3F #1 ACMA 340 Financial Economics for Actuaries
B
MFE/3F #2   ACMA 440
Models for Financial Economics
B+
MFE/3F #3  
 
MFE/3F #4        
 
MLC #1 ACMA 320
Actuarial Mathematics I  B+
MLC #2 ACMA 425
Actuarial Mathematics II  B+
MLC #3
 
MLC #4
 
 
C/4 #1 ACMA 355
Loss Models 1 B+
C/4 #2   ACMA 455 Loss Models 2
B+
C/4 #3  


C/4 #4  
 


Transition rules

1) Credit for FM/2 can be achieved with ACMA 210 completed prior to September 2017 with a grade of B+ or higher, subject to the three-year sunset clause. ACMA 210 completed prior to September 2017 with a grade of B must be combined with courses in accordance to accreditation rules set in prior applicable years, subject to the three-year sunset clause. Please note that BUS 316 and BUS 419 are no longer accredited courses starting in 2017-2018.

2) The following recognition rules for exams MFE and C will be applicable. For ease of reference, please note that ‘Old’ means that a course was completed before September 2017 and that ‘New’ refers to a course completed after September 2017.

1. Old BUS 316 = New ACMA 340
2. Old BUS 419 = New ACMA 440
3. Old ACMA 395 (LM) = New ACMA 355 
4. Old ACMA 490 = New ACMA 455

Credits for 2016-2017:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   ACMA 210
 Mathematics of Compound Interest
B
FM/2 #2 BUS 316 or ACMA 395 (FIN)
    Derivative Securities or Special Topics in Actuarial  Science (Introduction to Financial Mathematics) B
FM/2 #3        
FM/2 #4        
 
MFE/3F #1   *BUS 316
Derivative Securities  B
MFE/3F #2   *BUS 419
 Advanced Derivative Securities B+
MFE/3F #3  


MFE/3F #4  
 
 
MFE/3F #1 BUS 419 Advanced Derivative Securities B+
MFE/3F #2   ACMA 395 (FIN)
Special Topics in Actuarial Science (Introduction to Financial Mathematics) B+
MFE/3F #3  
 
MFE/3F #4        
 
MLC #1 ACMA 320
Actuarial Mathematics I  B+
MLC #2 ACMA 425
Actuarial Mathematics II  B+
MLC #3
 
MLC #4
 
 
C/4 #1 **ACMA 395 (LM)
Special Topics in Actuarial Science (Loss Models 1) B+
C/4 #2   **ACMA 490 Selected Topics in Actuarial Science (Loss Models 2)
B+
C/4 #3  


C/4 #4  
 


Transition rules

* Please note that the BUS 316 and BUS 419 combination is only valid if BUS 419 is completed after September 1, 2016. A combination using BUS 316 and BUS 419 completed prior to September 1, 2016 would need to be complemented with ACMA 335 completed before September 1, 2016.

The following transition and recognition rules for exam C will be applicable. For ease of reference, please note that 'Old' means that a course was completed before or on August 30, 2016 and that 'New' refers to a course completed after August 30, 2016.

1. ** New 395 (LM) + Old 315 + Old 335;
2. ** New 395 (LM) + Old 315 + Old 445;
3. ** New ACMA 490 (LM2) + Old 315 + Old 445;
4. ** New ACMA 490 (LM2) + Old 335 + Old 445;
5. ** New ACMA 490 (LM2) + Old 445.


Credits for 2015-2016:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   ACMA 210
 Mathematics of Compound Interest
B
FM/2 #2 BUS 316
Derivative Securities  B
FM/2 #3        
FM/2 #4        
 
MFE/3F #1   BUS 316
Derivative Securities  B
MFE/3F #2   BUS 419
 Advanced Derivative Securities B+
MFE/3F #3   ACMA 335
Risk Theory  B+
MFE/3F #4  
 
 
MLC #1   ACMA 320
Actuarial Mathematics I  B+
MLC #2   ACMA 425
Actuarial Mathematics II  B+
MLC #3  
 
MLC #4        
 
LC #1 ACMA 320
Actuarial Mathematics I  B+
LC #2 ACMA 425
Actuarial Mathematics II  B+
LC #3
 
LC #4
 
 
C/4 #1 ACMA 315
Credibility Theory and Loss Distributions  B+
C/4 #2   ACMA 335 Risk Theory
B+
C/4 #3   ACMA 445 Loss Models: Estimation and Selection
B+
C/4 #4  
 



Credits for 2014-2015:

SOA/CAS Exam Reference University Course Reference Minimum Grade
 
FM/2 #1   ACMA 210 B
FM/2 #2   BUS 316 B
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   BUS 316 B
MFE/3F #2   BUS 419 B+
MFE/3F #3   ACMA 335 B+
MFE/3F #4  
 
MLC #1   ACMA 320 B+
MLC #2   ACMA 425 B+
MLC #3  
MLC #4      
 
3L/LC #1* ACMA 320 B+
3L/LC #2*   ACMA 425 B+
3L/LC #3*   ACMA 335
B+
3L/LC #4*  

 
C/4 #1 ACMA 315 B+
C/4 #2   ACMA 335 B+
C/4 #3   ACMA 445 B+
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   ACMA 210 B
FM/2 #2   BUS 316 B
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   BUS 316 B
MFE/3F #2   BUS 419 B+
MFE/3F #3   ACMA 335 B+
MFE/3F #4  
 
MLC #1   ACMA 320 B+
MLC #2   ACMA 425 B+
MLC #3  
MLC #4      
 
3L #1 ACMA 320 B+
3L #2   ACMA 335 B+
3L #3   ACMA 425 B+
3L #4   ACMA 445 B+
 
C/4 #1 ACMA 335 B+
C/4 #2   ACMA 445 B+
C/4 #3   ACMA 315 B+
C/4 #4      


Credits for 2012-2013:

SOA/CAS Exam Reference University Course Reference Minimum Grade
 
FM/2 #1   ACMA 210 B
FM/2 #2   BUS 316 B
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   BUS 316 B
MFE/3F #2   BUS 419 B+
MFE/3F #3   ACMA 315 B+
MFE/3F #4   ACMA 335 B+
 
MLC #1   ACMA 320 B+
MLC #2   ACMA 335 B+
MLC #3   ACMA 425 B+
MLC #4      
 
3L #1 ACMA 320 B+
3L #2   ACMA 335 B+
3L #3   ACMA 425 B+
3L #4   ACMA 445 B+
 
C/4 #1 ACMA 335 B+
C/4 #2   ACMA 445 B+
C/4 #3   ACMA 315 B+
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 within 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.