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-   -   CSPA- certified specialist in predictive analytics (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=341072)

ActuaryInWoods 06-13-2019 11:17 AM

CSPA- certified specialist in predictive analytics
 
How much value could CSPA add to FCAS/ACAS? Worth the effort to get certified?

Vorian Atreides 06-13-2019 11:32 AM

With ACAS, you can get Exam 1 and the Professional Ethics requirements waived.

Of the remaining requirements, you get the chance to do a "deep dive" into some of the data science principles and methods. Exposure that is not currently provided in the FCAS material (with the possible exception of GLM's).

So I would argue that there could be value to be gained from the knowledge alone. But if you're going to work with or oversee/supervise "data science" models, I think the designation would provide some degree of authority when you start working with the (pure) data science types.

NormalDan 06-13-2019 11:35 AM

Perhaps most importantly, it helps answer the question "what on earth do you do with all the time once you achieve FCAS!?"

Vorian Atreides 06-13-2019 11:43 AM

:lol:

Avi 06-13-2019 01:34 PM

Quote:

Originally Posted by NormalDan (Post 9643141)
Perhaps most importantly, it helps answer the question "what on earth do you do with all the time once you achieve FCAS!?"

CERA :burn:


Actually, more like :crying: , and I'm speaking as who took the exams for it, as opposed to the CSPA which I got through EPP.

ActuaryInWoods 06-13-2019 02:04 PM

Quote:

Originally Posted by Vorian Atreides (Post 9643139)
With ACAS, you can get Exam 1 and the Professional Ethics requirements waived.

Of the remaining requirements, you get the chance to do a "deep dive" into some of the data science principles and methods. Exposure that is not currently provided in the FCAS material (with the possible exception of GLM's).

So I would argue that there could be value to be gained from the knowledge alone. But if you're going to work with or oversee/supervise "data science" models, I think the designation would provide some degree of authority when you start working with the (pure) data science types.

Will employers be willing to cover the course and exam fees?

Vorian Atreides 06-13-2019 02:21 PM

Quote:

Originally Posted by ActuaryInWoods (Post 9643337)
Will employers be willing to cover the course and exam fees?

Mine does . . . but only if the designation will support the role. (For example, our pricing actuaries would not get support).

but the fact that it's supported by CAS, I'm betting that many companies would at least consider support if they don't already explicitly do.

Actuarially Me 06-17-2019 05:15 PM

Got the go ahead from my employer. Not ACAS, but for those who have taken Exam 1, how much study time is required?

The course says 150 hours, but curious if that is accurate based on others' experiences. I studied for 5 a while ago and have 6 years of reserving experience and very little traditional pricing experience.

bjc2142 06-17-2019 10:14 PM

I hope they also offer Python as an option in the future.

Avi 06-17-2019 11:17 PM

Quote:

Originally Posted by bjc2142 (Post 9646434)
I hope they also offer Python as an option in the future.

https://github.com/matloff/R-vs.-Pyt...r-Data-Science


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