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  #41  
Old 05-15-2011, 02:28 PM
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Be careful. "Actuarial opinion" is not as limited as you might assume. It can be any advice, conclusions, or reccomendation that others may rely on because of your actuarial expertise.
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Last edited by JMO; 06-10-2011 at 08:18 AM.. Reason: fixing a typo I just noticed
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  #42  
Old 06-10-2011, 07:29 AM
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Since this wasn't mentioned yet and for what it's worth:

CPD requirements for actuaries in Ireland

The UK Actuarial Professionís CPD scheme is fully accredited by the Irish Society and vice versa.
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  #43  
Old 06-10-2011, 08:56 AM
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Does anyone know if the CAS/SoA counts meeting the Irish requirements as meeting their own?
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  #44  
Old 06-10-2011, 03:42 PM
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The SOA does not.

Their alternate paths are
The U.S. (AAA) Qualification Standard
The CIA Qualification Standard
Categories 1 or 2 of the U.K. CPD Scheme
The IAAust CPD Standard
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  #45  
Old 10-05-2011, 04:33 PM
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Quote:
Originally Posted by silverfox View Post
How many hours can studying towards the fellowship exams count towards the total? If there are sections related to professionalism, can those count towards the professionalism hours?
What about non-actuarial exams? Has there been any guidance given for time spent preparing for, and taking other exams, such as CPCU, IIA, CPA, CFA, etc?
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  #46  
Old 04-24-2017, 04:46 PM
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I know I'm bumping an old thread but..

Still not totally clear on whether I need the 15 specific qualification hours or not. Not signing formal SAOs but am providing actuarial analysis to others regularly as part as my job (as I imagine most actuaries are). Are you supposed to have 15 hours on every topic you ever give an opinion on? Or is the 15 just for where you are formally signing off on reserves etc.?

ACAS taking FCAS exams so in general most of my hours can come from studying I believe.
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  #47  
Old 04-24-2017, 05:05 PM
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Quote:
Originally Posted by lllj View Post
I know I'm bumping an old thread but..

Still not totally clear on whether I need the 15 specific qualification hours or not. Not signing formal SAOs but am providing actuarial analysis to others regularly as part as my job (as I imagine most actuaries are). Are you supposed to have 15 hours on every topic you ever give an opinion on? Or is the 15 just for where you are formally signing off on reserves etc.?

ACAS taking FCAS exams so in general most of my hours can come from studying I believe.
If you are signing the SAO on loss reserve adequacy that accompanies the financial statements, you need the 15 specific qualification hours on reserving topics. Otherwise, you do not.

Someone, please correct me if I am wrong.
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  #48  
Old 04-24-2017, 05:09 PM
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based on this, section 3
actuary.org/files/imce/qualification_standards.pdf

i think it's just for SAOs for insurance co annual statements
(in which case you also need exam 7)

does everyone agree?


but for all other "SAOs" (meaning most actuarial analysis you're providing that someone is relying on), you need to have ACAS, 3 years of actuarial experience, your 30 hours CE, and either 1) FCAS + 1 year of specific experience in that area under the review of someone who was qualified at that time to issue the SAO or 2) ACAS + 3 years of specific experience in that area under the review of someone who was qualified at that time to issue the SAO.

does that sound right? obviously i'm focusing on the P&C qualifications.

Last edited by lllj; 04-24-2017 at 05:22 PM..
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  #49  
Old 04-24-2017, 05:27 PM
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also, not really related to CE, but related to issuing opinions

as far as i know you need exam 7 to sign formal SAOs

what i can find is based on this
http://www.casact.org/newsletter/ind...iewart&id=5789

but at that time exam 7 was "advanced reserving, reinsurance, and ERM"
"reinsurance" is no longer in the title, and reinsurance was the reason you needed that exam
there's some reinsurance but it's certainty not the bulk of the exam or even one of the biggest topics- is exam 7 still sufficient?
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  #50  
Old 04-25-2017, 12:35 PM
Ken_Williams Ken_Williams is offline
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Quote:
Originally Posted by lllj View Post
I know I'm bumping an old thread but..

Still not totally clear on whether I need the 15 specific qualification hours or not. Not signing formal SAOs but am providing actuarial analysis to others regularly as part as my job (as I imagine most actuaries are). Are you supposed to have 15 hours on every topic you ever give an opinion on? Or is the 15 just for where you are formally signing off on reserves etc.?

ACAS taking FCAS exams so in general most of my hours can come from studying I believe.
The other's here are correct. The ONLY time on the P&C side you need 15 hours of specific instruction is for signing reserve opinions.

You are also correct that your study time should easily get you 30 hours. If your studying includes ASOP's, you are also likely getting your 3 hours of professionalism. Therefore, your primary concern is making sure you are getting you 6 hours of "organized" activity every year.
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