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) Government Consulting Life and Health Insurance Companies (SOA) Property & Casualty Insurance Companies (CAS)

General Actuary Career Path SOA CAS ASA Associateship ACAS FSA Fellowship FCAS 7 Exams + Online Courses 5 Exams + Modules 3 Exams 3 Exams

Common Exams SOA CAS Title Number of Test Dates Offered Per Year P 1 Probability 6 FM 2 Financial Mathematics MFE 3F Financial Economics 3 C 4 Construction & Evaluation of Actuarial Models 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