Accredited University Detail

Simon Fraser University

Website:

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

Description

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 department also offers a two-year research-oriented master's program in actuarial science.

Credits for 2021-2022*:

SOA/CAS Exam Reference	University Course Reference	Course Title	Minimum Grade
P/1 #1:	STAT 270	Introduction to Probability and Statistics	B
P/1 #2:	STAT 330	Introduction to Mathematical Statistics	B+

SRM #1:	STAT 452	Statistical Learning and Prediction	B
SRM #2:	STAT 475	Applied Discrete Data Analysis	B

FM/2 #1:	ACMA 201	Interest Theory and Applications	B+

IFM/3F #1:	ACMA 340	Financial Economics for Actuaries	B
IFM/3F #2:	ACMA 440	Models for Financial Economics	B

LTAM #1:	ACMA 301	Long-Term Actuarial Mathematics I	B+
LTAM #2:	ACMA 401	Long-Term Actuarial Mathematics II	B+

STAM #1:	ACMA 355	Loss Models I	B+
STAM #2:	ACMA 455	Loss Models II	B+

*Grades could be set higher pursuant to the partial review at the end of each term

Credits for 2020-2021*:

SOA/CAS Exam Reference	University Course Reference	Course Title	Minimum Grade
P/1 #1:	STAT 270	Introduction to Probability and Statistics	B
P/1 #2:	STAT 330	Introduction to Mathematical Statistics	B+

SRM #1:	STAT 452	Statistical Learning and Prediction	B
SRM #2:	STAT 475	Applied Discrete Data Analysis	B

FM/2 #1:	ACMA 210	Mathematics of Compound Interest	B+

IFM/3F #1:	ACMA 340	Financial Economics for Actuaries	B
IFM/3F #2:	ACMA 440	Models for Financial Economics	B

LTAM #1:	ACMA 320	Actuarial Mathematics I	B+
LTAM #2:	ACMA 425	Actuarial Mathematics II	B+

STAM #1:	ACMA 355	Loss Models 1	B+
STAM #2:	ACMA 455	Loss Models 2	B+

*Grades could be set higher pursuant to the partial review at the end of each term.

Credits for 2019-2020*:

SOA/CAS Exam Reference	University Course Reference	Course Title	Minimum Grade


P/1 #1	STAT 270	Introduction to Probability and Statistics	B
P/1 #2	STAT 330	Introduction to Mathematical Statistics	B+

SRM #1	STAT 452	Statistical Learning and Prediction	B
SRM #2	STAT 475	Applied Discrete Data Analysis	B

FM/2 #1	ACMA 210	Mathematics of Compound Interest	B+

IFM/3F #1	ACMA 340	Financial Economics for Actuaries	B
IFM/3F #2	ACMA 440	Models for Financial Economics	B

LTAM #1	ACMA 320	Actuarial Mathematics I	B+
LTAM #2	ACMA 425	Actuarial Mathematics II	B+

STAM #1	ACMA 355	Loss Models I	B+
STAM #2	ACMA 455	Loss Models II	B+

* Please note that due to the COVID-19 situation affecting examinations, any credits requiring courses from the spring 2020 semester will only be considered for approval in fall 2020 once the external examiner review process has been completed.

Credits for 2018-2019:

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

IFM/MFE/3F #1	ACMA 340	Financial Economics for Actuaries	B
IFM/MFE/3F #2	ACMA 440	Models for Financial Economics	B
IFM/MFE/3F #3
IFM/MFE/3F #4

LTAM/MLC #1	ACMA 320	Actuarial Mathematics I	B+
LTAM/MLC #2	ACMA 425	Actuarial Mathematics II	B+
LTAM/MLC #3
LTAM/MLC #4

*STAM/C/4 #1**	ACMA 355	Loss Models I	B+
STAM/C/4 #2	ACMA 455	Loss Models II	B+
STAM/C/4 #3
STAM/C/4 #4

Transition rules

* For candidates in the Casulty Actuarial Society education system, conversion credit for Exam C/4 toward MAS II obtained through UAP credit must be earned by December 31, 2018.

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 I	B+
C/4 #2	ACMA 455	Loss Models II	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 I)	B+
C/4 #2	**ACMA 490	Selected Topics in Actuarial Science (Loss Models II)	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.

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