Transcript Download the powerpoint presentation from the 09/23/15 meeting

The Actuary
Club at UMD
First Meeting
9/23/15
Officers
Julia Klein, President
Jack Velin, Vice President
Lucas Flock, Secretary
Andrea Wohlk, Event Coordinator
Alex Blesener, Treasurer
Brian Radtke, Web Master
What does an actuary actually do?
Uses probabilities or statistics to calculate insurance
premiums and prices
Manages risk: Analyzes data to predict risk for
businesses
Integral part in financial strategy of companies:
actuaries are consulted on major business decisions
Use complex mathematical and statistical concepts in
business world
SOA & CAS
Society of Actuaries (SOA)
Casualty Actuarial Society (CAS)
Actuaries
Consulting
Life and Health
Insurance
Companies
(SOA)
Property &
Casualty
Insurance
Companies
(CAS)
Government
General Actuary Career Path
SOA
CAS
5 Exams + Modules
ASA
3 Exams
ACAS
7 Exams + Online
Courses
Associateship
3 Exams
Common Exams
SOA
CAS
Title
Number of Test Dates
Offered Per Year
P
1
Probability
6
FM
2
Financial Mathematics
6
MFE
3F
Financial Economics
3
C
4
Construction &
Evaluation of Actuarial
Models
3
● CAS Associateship requires 7 exams, VEE, and 2 online courses
● SOA Associateship requires 5 exams, VEE, 8 modules, and APC course
Actuary Club Website
http://www.d.umn.edu/math/Actuaryclub/
Salaries
Upcoming Events
Allianz Company Presentation
Monday, September 28th, 5pm, SCC 130
Career and Internship Fairs
U of M Actuary Career Fair: Monday, October 5th
Register at http://www.mnactuary.com/actuarial-career-fair-agenda
Head of the Lakes Job and Internship Fair:
Thursday October 8th, 10am-2pm, Kirby Ballroom