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-   -   Actuarial Exams in Turkey (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=301203)

cagkan 10-27-2015 05:17 PM

Actuarial Exams in Turkey
 
There is 3 level examination system here. You should clear any exams at each level in order to be a registered actuary.

1. Level Examination includes:
a. Math b. Statistics&Probability c. Fundementals of Insurance&Economics d. Financial Math

2.Level Examination includes:
a. Accounting and Financial Reporting b. Insurance Math c. Risk Analysis and Actuarial Modelling d. Financial Theory

3. Level Examination includes:
a. Finance, Investment and Risk Management b. Life Insurance c. Non-Life Insurance d. Health Insurance e. Pension Systems

If you clear all four exams from 1st level you will gain "Trainee Actuary" title.
After 2nd level -> Assistant Actuary
When you finish 3rd level + 3 years work experiences -> Registered Actuary.

If you want to ask anything, please do not hesitate.

neofan 08-01-2016 04:28 PM

Quote:

Originally Posted by cagkan (Post 8278699)
If you clear all four exams from 1st level you will gain "Trainee Actuary" title.
After 2nd level -> Assistant Actuary
When you finish 3rd level + 3 years work experiences -> Registered Actuary.

If you want to ask anything, please do not hesitate.

Based on the society's website, there are less than 300 actuaries of those 3 levels combined in Turkey. Are SOA/CAS exams and designations recognized if an experienced ASA or FSA looks for employment in Turkey? (hypothetical scenario)

I believe most of the work involves life (Hayat Sigortası).

cagkan 12-08-2016 02:41 AM

Hi neofan,

If you are ASA or FSA then, there wont be any problem for being fully qualifed actuary in Turkey. You just have to pass one specific exam that examines your knowledge about Turkish insurance.


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