Membership & Education

Eligibility Requirements – PEC 2022

Exam route Experience route 
Credit for all ACIA-level requirements except for professionalism. Credit for all ACIA-level requirements or equivalent, except for professionalism.
Credit for one track-specific Fellowship exam:

ERM  ERM (GC or other extension)
FIN  QFIQF or QFIPM
GB  GHFVCC and
 i. GHDPC, or
 ii. GHFVA

CIA GB Exam also required if credit for GHFVCC was achieved with GHCORC passed before September 2017.
ILA  ILALFMC
P&C  CAS 6C
RET  RETFRC

All candidates must have at least two years of experience*.
Demonstrated Canadian experience** relevant to the chosen PEC track in a specialty or sub-specialty where the candidate has spent at least 36 months within the last four years of their time working on a full-time basis.

In lieu of the above-mentioned Fellow-level exams, a candidate can attend any PEC track provided they have accrued and can demonstrate Canadian experience** relative to the chosen PEC track in a specialty or sub-specialty where they have spent at least 36 months within the last four years of their time working on a full-time basis.

For FIN PEC track only: No exam required if any recognized Fellowship track is complete (including Canadian exams) and two years of relevant experience to the FIN track.
In lieu of the above-mentioned primary route, a candidate can opt to successfully complete the associated examinations for the chosen PEC track as set out below, in addition to demonstrating at least two years of experience*. The experience may be gained in Canada or elsewhere.

PEC track

Exam credit

ERM ERM (GC or other extension)
FIN QFIQF or QFIPM
GB GHFVCC and
i. GHDPC, or
ii. GHFVA

CIA GB Exam also required if credit for GHFVCC was achieved with GHCORC passed before September 2017.
ILA ILALFMC
P&C CAS 6C
RET RETFRC

 

* The experience must be detailed using the relevant CIA form and certified by a recognized Fellow. Recognized Fellow designations are FCIA, FCAS, FSA, FIA (IFoA), FASSA (South Africa), and FIAA (Australia). The certifying Fellow must have had their designation for the entire work experience period. The minimum working experience requirement must be met at the time of application for PEC.

** The experience must be relevant to the chosen PEC track and must be detailed using the relevant CIA form, certified by an FCIA. The certifying Fellow must have had their designation for the entire work experience period. The minimum working experience requirement must be met at the time of application for PEC.

Additional information

PEC property & casualty (P&C) track

Transition rules and recognition by the Casualty Actuarial Society (CAS)

As of 2019, the CAS accepts successful completion of the CIA's Professionalism Workshop and the Practice Education Course (PEC) as meeting the requirements for the CAS Course on Professionalism (COP).

The following recognition and transition rules apply to P&C candidates pursuing FCIA:

  1. The CAS COP completed in Canada by December 31, 2018, will provide credit for the CIA Professionalism Workshop and the CIA PEC until December 31, 2023 (a five-year recognition period for both PEC and PW).
  2. The CAS COP completed in the US by December 31, 2019, and the CIA Professionalism Workshop completed by December 31, 2019, will provide credit for the CIA PEC until December 31, 2024 (a five-year recognition period for PEC only). No recognition for the US CAS COP will be granted for courses completed after January 1, 2020.

If you have any questions, please contact [email protected].