Members of Other Actuarial Organizations

The CAS recognizes the exam waivers granted by the Canadian Institute of Actuaries University Accreditation Program for CAS Exams 1, 2 and 3F, and under previous education structures for CAS Exam 4 (see below). The CAS will only grant waivers for CIA UAP exam credits that were awarded based on work at universities in Canada. The list of candidates granted waivers by the CIA is provided to the CAS following the end of a semester. The CAS automatically updates its records. No further action is required of candidates.

Note:

· For Exam 1, starting with courses given in summer of 2019, the CIA UAP will recognize courses completed with a minimum grade requirement at many of the 11 accredited universities in Canada.

· Under previous education structures, the CAS recognized the exam waivers for CAS Exams 3L and LC.

· If a candidate has been granted a waiver for CAS Exam 4 under the University Accreditation Program through course work completed by 12/31/2018, then they will receive credit for CAS Exam 4 and subsequently CAS Exam MAS-II.

Starting in 2019, a candidate completing both the CIA Professionalism Workshop and the Practice Education Course (PEC) will receive credit for the CAS Course on Professionalism.

The CAS recognizes the preliminary examinations sponsored by the China Association of Actuaries (CAA) that were administered prior to 2021. Credit will be granted for examinations passed or waived in accordance with examination equivalencies between the CAS syllabus and the syllabi of the China Association of Actuaries.

The CAS will not grant credit for examinations waived on account of academic records achieved in U.S. universities, nor for credit granted to candidates not qualifying directly in obtaining membership through the normal qualification/examination process.

Credit will not be given to Fellows of the CAA who have attained their designation through mutual recognition rather than through the organization’s standard credentialing process. Fellows by mutual recognition should pursue examination waivers based on their original credentials.

The CAS has approved the following waiver policy:

Note: Waivers granted under the previous “cohort” policy will not be revoked.

The CAS recognizes some of the examinations sponsored by the Institute and Faculty of Actuaries (United Kingdom), Actuaries Institute (Australia), Actuarial Society of South Africa (ASSA), and the Institute of Actuaries of India. Credit will be granted for examinations passed or waived in accordance with examination equivalencies between the CAS syllabus and the syllabi of each of the aforementioned actuarial organizations.

The CAS will not grant credit for examinations waived on account of academic records achieved in U.S. universities, nor for credit granted to candidates not qualifying directly in obtaining membership through the normal qualification/examination process.

Credit will not be given to Fellows of these actuarial organizations who have attained their designation through mutual recognition rather than through the organization’s standard credentialing process. Fellows by mutual recognition should pursue examination waivers based on their original credentials.

The CAS has approved the following waiver policy:

Candidates who earned CT8 or CM1 from the Institute and Faculty of Actuaries (U.K.), Actuaries Institute (Australia), and Institute of Actuaries of India or who eared A205 or A214 from the Actuarial Society of South Africa prior to 2023 can receive credit for Exam 3F and do not need to take DISC DA.