Membership & Education
 
 

Western University

Website: www.uwo.ca/stats/

Name of Actuarial Science Programs:

  • Honors Specialization in Actuarial Science
  • Major in Actuarial Science
Description of the Actuarial Science Program:

Founded in 1980, the mission of the Department of Statistical and Actuarial Sciences includes the following:
• To advance the statistical and actuarial sciences through high quality research
• To contribute to research conducted University-wide by collaborating with other researchers in developing methods of modelling and analysis appropriate to the applications
• To offer leading undergraduate and graduate programs in statistical and actuarial science
• To offer high-quality introductory statistical and actuarial science courses appropriate for students in a wide range of disciplines
• To explore innovative methods for teaching statistical and actuarial science

Western University is recognized as a Society of Actuaries Centre of Actuarial Excellence.

Credits for 2017-2018:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   AS 2553
  Mathematics of Finance 75
FM/2 #2    
FM/2 #3        
FM/2 #4        
 
MFE/3F #1   FM 2557B   Financial Markets and Investments 75
MFE/3F #2    FM 3520B  Financial Modelling I 80
MFE/3F #3   FM 4521B
(FM 9521B)
  Advanced Financial Modelling 80
MFE/3F #4  
 
 
MLC #1   AS 2427B  Life Contingencies I  75
MLC #2    AS 3429A
(AS 9429)		 Life Contingencies II  80
MLC #3    AS 3431B
(AS 9007)		 Life Contingencies III  80
MLC #4        
 
C/4 #1  AS 3424B
(AS 9424)		  Loss Models I 80
C/4 #2    AS 4824A
(AS 9824)		  Loss Models II 80
C/4 #3  

C/4 #4  
 

Transition rules

Credit for FM/2 can also be achieved with AS 2553 completed prior to September 1, 2017 subject to the three-year sunset clause. 

FM 2557 completed after September 1, 2017 can be combined with FM 3520B and FM 4521B (FM 9521B) completed before September 1, 2017 to qualify for a credit for MFE/3, subject to the three-year sunset clause.

Credits for 2016-2017:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   AS 2553
  Mathematics of Finance
 75
FM/2 #2 FM 2557B
  Financial Markets and Investments 75
FM/2 #3        
FM/2 #4        
 
MFE/3F #1   FM 3520B
  Financial Modelling I 80
MFE/3F #2   FM 4521B
(FM 9521B)
 Advanced Financial Modelling
 80
MFE/3F #3  
 
MFE/3F #4  
 
 
MLC #1   AS 2427B
 Life Contingencies I  75
MLC #2   AS 3429A
(AS 9429) 		Life Contingencies II  80
MLC #3   AS 3431B
(AS 9007) 		Life Contingencies III
 80
MLC #4        
 
C/4 #1 AS 3424B
(AS 9424) 		 Loss Models I 80
C/4 #2   AS 4824A
(AS 9824)		 Loss Models II
 80
C/4 #3  

C/4 #4  
 

Credits for 2015-2016:

SOA/CAS Exam Reference University Course Reference Course Title
Minimum Grade
 
 
FM/2 #1   AS 2553A
  Mathematics of Finance
 75
FM/2 #2 FM 2557B
  Financial Markets and Investments 75
FM/2 #3        
FM/2 #4        
 
MFE/3F #1   FM 3520B
  Financial Modelling I 80
MFE/3F #2   FM 4521B
(FM 9521)
 Advanced Financial Modelling
 80
MFE/3F #3  
 
MFE/3F #4  
 
 
MLC #1   AS 2427B
 Life Contingencies I  75
MLC #2   AS 3429A
(AS 9429) 		Life Contingencies II  80
MLC #3   AS 3431B
(AS 9007) 		Life Contingencies III
 80
MLC #4        
 
LC #1 AS 2427B
 Life Contingencies I  75
LC #2 AS 3429A
(AS 9429) 		Life Contingencies II  80
LC #3 AS 3431B
(AS 9007) 		Life Contingencies III  80
LC #4
 
 
C/4 #1 AS 3424B
(AS 9424) 		 Loss Models I 80
C/4 #2   AS 4824A
(AS 9824)		 Loss Models II
 80
C/4 #3  

C/4 #4  
 

Credits for 2014-2015:

SOA/CAS Exam Reference University Course Reference Minimum Grade
 
FM/2 #1   AS 2553A 75
FM/2 #2   FM 2557B 75
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   FM 3520B 80
MFE/3F #2   FM 4521G
(FM 9521)
 80
MFE/3F #3      
MFE/3F #4      
 
MLC #1   AS 2427B 75
MLC #2   AS 3429A
(AS 9429)
 80
MLC #3   SS 3431B
(AS 9007)
 80
MLC #4      
 
3L/LC #1* SS 3431B
(AS 9007)		 80
3L/LC #2*   AS 2427B
 75
3L/LC #3*   AS 3429A
 (AS 9429)		 80
 
3L/LC #4*  

 
C/4 #1 SS 3424B
(AS 9424)		 80
C/4 #2   AS 4824A
(AS 9824)		 80
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   AS 2553A 75
FM/2 #2   AS 2557B 75
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   SS 3520B 80
MFE/3F #2   SS 4521G
(FM 9521)
 80
MFE/3F #3      
MFE/3F #4      
 
MLC #1   AS 2427B 75
MLC #2   AS 3429A
(AS 9429)
 80
MLC #3   AS 3431B
(AS 9007)
 80
MLC #4      
 
3L #1 AS 3431B
(AS 9007)		 80
3L #2   AS 3429A
(AS 9429)
 80
3L #3   AS 4824A
(AS 9824)		 80
3L #4   SS 3859A 80
 
C/4 #1 AS 3424B
(AS 9424)		 80
C/4 #2   AS 4824A
(AS 9824)		 80
C/4 #3  
C/4 #4      

Credits for 2012-2013:

SOA/CAS Exam Reference University Course Reference Minimum Grade 
 
FM/2 #1   AS 2553A 75
FM/2 #2   AS 2557B 75
FM/2 #3      
FM/2 #4      
 
MFE/3F #1   SS 3520B 80
MFE/3F #2   SS 4521G
(FM 9521)
 80
MFE/3F #3      
MFE/3F #4      
 
MLC #1   AS 2427B 75
MLC #2   AS 3429A
(AS 9429)
 80
MLC #3   AS 3431B
(AS 9007)
 80
MLC #4      
 
3L #1 AS 3431B
(AS 9007)		 80
3L #2   AS 3429A
(AS 9429)
 80
3L #3   AS 4824A
(AS 9824)		 80
3L #4   SS 3859A 80
 
C/4 #1 AS 3424B 
(AS 9424)		 80
C/4 #2   AS 4823 80
C/4 #3   AS 4824A
(AS 9824)		 80
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 in 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 students under the CIA UAP will be recognized by any other actuarial organizations towards their actuarial designations.