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Simon Fraser University
http://www.stat.sfu.ca/
Name of Actuarial Science Programs:

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

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 ReferenceUniversity Course ReferenceCourse TitleMinimum Grade
P/1 #1STAT 270 Introduction to Probability and StatisticsB 
P/1 #2STAT 330 Introduction to Mathematical Statistics B+ 
SRM #1STAT 452 Statistical Learning and Prediction B 
SRM #2STAT 475  Applied Discrete Data Analysis B
FM/2 #1  ACMA 210 Mathematics of Compound InterestB+
IFM/3F #1ACMA 340Financial Economics for ActuariesB
IFM/3F #2  ACMA 440Models for Financial EconomicsB
LTAM #1ACMA 320Actuarial Mathematics I B+
LTAM #2ACMA 425Actuarial Mathematics II B+
STAM #1ACMA 355Loss Models IB+
STAM #2ACMA 455Loss Models IIB+


* 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 ReferenceUniversity Course ReferenceCourse TitleMinimum Grade
FM/2 #1  ACMA 210 Mathematics of Compound InterestB+
FM/2 #2
FM/2 #3  
FM/2 #4  
IFM/MFE/3F #1ACMA 340Financial Economics for ActuariesB
IFM/MFE/3F #2  ACMA 440Models for Financial EconomicsB
IFM/MFE/3F #3  
IFM/MFE/3F #4  
LTAM/MLC #1ACMA 320Actuarial Mathematics I B+
LTAM/MLC #2ACMA 425Actuarial Mathematics II B+
LTAM/MLC #3
LTAM/MLC #4
STAM/C/4* #1ACMA 355Loss Models IB+
STAM/C/4 #2  ACMA 455Loss Models IIB+
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 ReferenceUniversity Course ReferenceCourse TitleMinimum Grade
FM/2 #1  ACMA 210 Mathematics of Compound InterestB+
FM/2 #2
FM/2 #3  
FM/2 #4  
MFE/3F #1ACMA 340Financial Economics for ActuariesB
MFE/3F #2  ACMA 440Models for Financial EconomicsB
MFE/3F #3  
MFE/3F #4  
MLC #1ACMA 320Actuarial Mathematics I B+
MLC #2ACMA 425Actuarial Mathematics II B+
MLC #3
MLC #4
C/4 #1ACMA 355Loss Models IB+
C/4 #2  ACMA 455Loss Models IIB+
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 ReferenceUniversity Course ReferenceCourse TitleMinimum Grade
FM/2 #1  ACMA 210 Mathematics of Compound InterestB
FM/2 #2BUS 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 316Derivative Securities B
MFE/3F #2  *BUS 419 Advanced Derivative SecuritiesB+
MFE/3F #3  
MFE/3F #4  
MFE/3F #1BUS 419Advanced Derivative SecuritiesB+
MFE/3F #2  ACMA 395 (FIN)Special Topics in Actuarial Science (Introduction to Financial Mathematics)B+
MFE/3F #3  
MFE/3F #4  
MLC #1ACMA 320Actuarial Mathematics I B+
MLC #2ACMA 425Actuarial 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 490Selected 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 ReferenceUniversity Course ReferenceCourse TitleMinimum Grade
FM/2 #1  ACMA 210 Mathematics of Compound InterestB
FM/2 #2BUS 316Derivative Securities B
FM/2 #3  
FM/2 #4  
MFE/3F #1  BUS 316Derivative Securities B
MFE/3F #2  BUS 419 Advanced Derivative SecuritiesB+
MFE/3F #3  ACMA 335Risk Theory B+
MFE/3F #4  
MLC #1  ACMA 320Actuarial Mathematics I B+
MLC #2  ACMA 425Actuarial Mathematics II B+
MLC #3  
MLC #4  
LC #1ACMA 320Actuarial Mathematics I B+
LC #2ACMA 425Actuarial Mathematics II B+
LC #3
LC #4
C/4 #1ACMA 315Credibility Theory and Loss Distributions B+
C/4 #2  ACMA 335Risk TheoryB+
C/4 #3  ACMA 445Loss Models: Estimation and SelectionB+
C/4 #4  

 

Credits for 2014-2015:

SOA/CAS Exam ReferenceUniversity Course ReferenceMinimum Grade
FM/2 #1  ACMA 210B
FM/2 #2  BUS 316B
FM/2 #3  
FM/2 #4  
MFE/3F #1  BUS 316B
MFE/3F #2  BUS 419B+
MFE/3F #3  ACMA 335B+
MFE/3F #4  
MLC #1  ACMA 320B+
MLC #2  ACMA 425B+
MLC #3  
MLC #4  
3L/LC #1*ACMA 320B+
3L/LC #2*  ACMA 425B+
3L/LC #3*  ACMA 335B+
3L/LC #4*  
C/4 #1ACMA 315B+
C/4 #2  ACMA 335B+
C/4 #3  ACMA 445B+
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 ReferenceUniversity Course ReferenceMinimum Grade
FM/2 #1  ACMA 210B
FM/2 #2  BUS 316B
FM/2 #3  
FM/2 #4  
MFE/3F #1  BUS 316B
MFE/3F #2  BUS 419B+
MFE/3F #3  ACMA 335B+
MFE/3F #4  
MLC #1  ACMA 320B+
MLC #2  ACMA 425B+
MLC #3  
MLC #4  
3L #1ACMA 320B+
3L #2  ACMA 335B+
3L #3  ACMA 425B+
3L #4  ACMA 445B+
C/4 #1ACMA 335B+
C/4 #2  ACMA 445B+
C/4 #3  ACMA 315B+
C/4 #4  


Credits for 2012-2013:

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