1. The Actuary Club at UMD
First Meeting
9/23/15

2. Officers Julia Klein, President Jack Velin, Vice President
Lucas Flock, Secretary
Andrea Wohlk, Event Coordinator
Alex Blesener, Treasurer
Brian Radtke, Web Master

3. 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

4. SOA & CAS Society of Actuaries (SOA) Casualty Actuarial Society (CAS)
Government
Consulting
Life and Health Insurance Companies
(SOA)
Property & Casualty Insurance Companies (CAS)

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

6. 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

7. Actuary Club Website

8. Salaries

9. 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
Head of the Lakes Job and Internship Fair: Thursday October 8th, 10am-2pm, Kirby Ballroom