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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:

1. Conventional Route

Enrolment as a Fellow under the conventional route requires:

  1. Successful completion of the Associate enrolment requirements;
  2. Enrolment as an Associate of the CIA (ACIA) for a minimum period of 12 months while accruing Canadian experience;
  3. Successful completion of a recognized Fellowship specialty track*, including the Canadian versions of examinations where applicable;
  4. Successful completion of the CIA Practice Education Course (PEC)**; and
  5. To the EEC’s satisfaction, demonstration of three years of practical actuarial work experience including 12 months of Canadian practical work experience while enrolled as an Associate of the CIA within the three-year period immediately prior to the person’s application. (See additional information regarding the experience requirement below).

*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.

The CIA recognizes the Casualty Actuarial Society education system for qualification in the property and casualty practice area.

Recognized examinations are documented in Appendix A of the CIA Education Syllabus.

**The PEC is a requirement for property and casualty candidates effective June 2019.


2. Mutual Recognition Agreement Route

Enrolment as a Fellow via the MRA route requires that the individual be a Fellow of an actuarial organization with which the Institute has entered an MRA, by completing the examinations and any other qualification requirements of that organization, and he/she must:

  1. Successfully complete the CIA professionalism Workshop and enroll as an Associate of the Institute;
  2. Successfully complete the CIA’ Practice Education Course; and
  3. Complete, to the EEC’s satisfaction, a 36-month (three-year) period of Canadian practical actuarial work experience in their chosen area of practice of which 12 months (one year), must be accrued while enrolled as an Associate of the Canadian Institute of Actuaries (ACIA). Area of practice includes any specialty or sub-specialty where the candidate has spent at least 36 months (three years) within the last 48 months (four years) of their time working on a full-time basis. This experience must be certified by a Fellow of the CIA, in keeping with normal CIA requirements for experience certification.

In lieu of the work experience route, an MRA candidate may successfully complete one Fellowship examination as prescribed from time to time by the EEC AND fulfil the experience requirement as set out under the Conventional Route.

3. Affiliate Route

The Affiliate route to Fellowship is the qualification process for fully qualified foreign actuaries from countries with whom the CIA does not have a Mutual Recognition Agreement.

Enrolment as a Fellow under the Affiliate route requires

  1. 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;
  2. Enrolment as an Affiliate or Associate of the CIA for 12 months;
  3. Successful completion of a customized education program established by the EEC including requirements i, ii, and iii of the MRA Route, and may opt to pursue the examination route.


Fellow Experience Requirement

Applicants for Fellowship in the Institute must, at the time of their application, meet two experience requirements: the Professional Experience Requirement and the Canadian Experience Requirement.

1. 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 six-year period immediately prior to application, unless otherwise specified in this policy. 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.

Applicants must

  1. Provide a written description of the specifics of their three-year period of actuarial work; and
  2. Using the CIA forms, 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.”

2. 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*

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

A person month shall be based on a 35-hour week or more. This 12-month period used to satisfy this requirement may be part of the three-year period used to satisfy the professional experience requirement.

The specifics of this experience must be set out in detail and certified by an FCIA.

Applicants must

  1. Provide a written description of the specifics of the Canadian work; and
  2. Using the CIA forms, have a Fellow of the CIA, who is thoroughly familiar with the work, certify the accuracy of the work description, and certify that the experience is sufficient to meet the specified Canadian experience requirement.

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.

Note that under certain circumstances, the Membership Eligibility Committee may request additional information or documentation.

Example:

“I certify that the description of 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 there are
multiple companies or supervisors) of full-time Canadian experience while enrolled as an
Associate (ACIA), accrued 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.

For more information please contact membership@cia-ica.ca