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September 23, 2009 at 08:00 PM
Members of the Society of Actuaries have shown keen interest in a proposal to let students substitute strong grades in accredited actuarial courses for taking some SOA credentialing exams.
The SOA, Schaumburg, Ill., is working with two other actuarial groups – the Canadian Institute of Actuaries, Ottawa, Ontario, and the Casualty Actuarial Society, Arlington, Va. — to review a number of ideas for improving the credentialing process in the United States and Canada.
The SOA, the CIA and the CAS are talking about creating a university actuarial program accreditation process to support development of the academic track alternative to some of the actuarial exams now used.
Exemptions from exams would be given only to “students who perform exceptionally well in designated courses,” S. Michael McLaughlin, president-elect of the SOA, writes in a letter to SOA members.
