Knowledge

Hone your broader operational and insurance knowledge

• Recognize that your actions and decisions may define modelling practice, reserving/rates, or shift focus for your team

• Consider pursuing your CIP or Risk Management Certificate (if interested in leading functions in Underwriting, Risk Management, etc.)

• Enhance your insurance knowledge, interpersonal skills and management / leadership development through offerings of the Insurance Institute

• Ensure you are meeting CE requirements to maintain actuarial designations

Next Steps

• Recommit to continuous learning and development

Visit the  Education Pathways section to learn more

Grow your knowledge of actuarial and insurance fundamentals

• Consult with Canadian Institute of Actuaries and your company about responsibilities in maintaining educational record; be clear on the process and ensure Probability and Financial Math exam results are included

• Complete your VEE (if you did not complete an Actuarial Science degree, there is a list of accredited institutions on the CAS website)

• Apply learning from your studies, Insurance Institute programs (such as GIE), training offered by your company, or other work experience

Next Steps

• Prepare for Financial Economic Models and Construction & Evaluation of Actuarial Models exams

Visit the Education Pathways section to learn more

Build specialized knowledge to help manage increasing complexity of models in your lines of business

• Pursue your ACIS / ACAS designations by completing:

• Exams - Statistics and Probabilistic Model; Basic Techniques of Rate Making and Estimating Claims Liabilities; and Regulation and Financial Reporting

• Classroom Learning – Professionalism

• E-learning - Risk Management and Insurance Operations; and Insurance Accounting Coverage Analysis, Insurance Law, and Insurance Regulation. 

Next Steps

• Consider specialized continuing education to augment your learning and expertise based on your lines of business, area of practice or specialty within your organization (e.g. Automobile, Property, Casualty, Liability, etc.)

Visit the Education Pathways section to learn more

Enhance your knowledge to work with complex and multifaceted models

• Complete your FCIA / FCAS designation by completing:

• Exams - Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management; Advanced Rate Making; and, Financial Risk and Rate of Return.

• CE requirements - Ensure you are fulfilling requirements to maintain actuarial designations

Next Steps

• Consider taking the Advanced CIP's Critical Thinking course, the Risk Management Certificate, Management / Leadership courses, or other continuing education offerings through the Insurance Institute to help you excel

Visit the Education Pathways section to learn more