1. September 20, 2012

2.  Educational & Social Club  Goals:  Raise career awareness & promote Stat/Actuarial Science Major  Help simplify the actuarial career path– Exams, VEE, etc.  Increase exam pass rate and exam support  Facilitate networking

3.  Speakers  Other events  Actuary Career Fair, Thursday Oct 4 th.  Bowling/Social events

4. An Actuary analyzes the financial consequences of risk. They use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension programs Generally work in insurance and consulting industry. Life and Health Property & Casualty Retirement & Pension

5.  Society of Actuaries (SOA)  Life/Health/Risk  Designations: ASA, FSA, CERA  Casualty Actuarial Society (CAS)  Property & Casualty  Designations: Associate (ACAS), Fellow (FCAS)

6.  Jointly Administered by SOA and CAS  Exam 1 /P: Probability  Exam 2 /FM: Financial Mathematics  Exam 3 F/MFE: Models for Financial Economics  Exam 3 L/MLC: Models for Life Contingencies and Statistics  Exam 4 /C: Construction and Evaluation of Actuarial Models

7.  Exam 1 /P  STAT 3611, STAT 5571 STAT 5531  Exam 2 /FM  FMIS 3601  Available Study Manuals in Math Dept. Office

8.  What is it?  Validation by Educational Experience ▪ Corporate Finance ▪ FMIS 3601 (Corporate Finance) ▪ Applied Statistical Methods ▪ STAT 5511 (Regression) ▪ ECON 4040 (Tools: Apps for Econ Analysis) ▪ Economics ▪ ECON 1022 (Macro) & ECON 1023 (Micro) OR ▪ ECON 3022 (Macro Analysis) & ECON 3023 (Micro Analysis)

9. Property and Casualty, October 2011 0-0.5 yrs0.5-2.5 yrs2.5-4.5 yrs4.5-6.5 yrs6.5-9.5 yrs9.5-14.5 yrs14.5-19.5 yrs19.5+ yrs 1 exam46-6553-6755-72 2 exams53-6956-7459-7862-82 3 exams54-7459-7865-8668-8872-100 4 exams57-7561-8668-9273-9976-11290-139 5 exams 62-9072-10682-11484-12698-150 6 exams 73-9582-11388-12697-140104-169 ACAS 81-11089-12290-133100-161118-188135-267149-306+ 8 exams 94-140109-163112-178135-225 FCAS 101-154125-182133-224148-340175-442177-483+ Life and Health, October 2011 0-0.5 yrs0.5-2.5 yrs2.5-4.5 yrs4.5-6.5 yrs6.5-9.5 yrs9.5-14.5 yrs14.5-19.5 yrs19.5+ yrs 1 exam48-5552-6955-72 2 exams52-6055-7560-7664-84 3 exams 58-6758-7761-8467-88 (MLC+MFE=1) 4 exams58-6959-8865-9372-9775-104 4 exams 65-9068-9876-10982-121 FAP 1 ASA 74-10176-11384-12095-14496-156110-224121-228+ FSA 96-140103-156112-178131-241148-328163-384+

10.  Statistics is used in a wide variety of fields  Business  Health and Medicine  Government  Physical Sciences  Environment

11.  Allianz Life Insurance Company Allianz Life Insurance Company  Ameriprise Financial Ameriprise Financial  Aon Hewitt Aon Hewitt  Assurant Health Assurant Health  Blue Cross Blue Shield of Minnesota Blue Cross Blue Shield of Minnesota  Federated Insurance Federated Insurance  Gross Consulting Gross Consulting  Humana Humana  Liberty Mutual Liberty Mutual  Mercer Mercer  Milliman Milliman  Securian Financial Group Securian Financial Group  Target Target  Thrivent Financial for Lutherans Thrivent Financial for Lutherans  The Travelers Companies, Inc. The Travelers Companies, Inc.  Towers Watson Towers Watson  United Health Group United Health Group  Van Iwaarden Associates Van Iwaarden Associates

12.  http://www.d.umn.edu/math/Actuaryclub/ind ex.html http://www.d.umn.edu/math/Actuaryclub/ind ex.html  http://www.beanactuary.org/ http://www.beanactuary.org/  http://www.soa.org/ http://www.soa.org/  http://www.casact.org/ http://www.casact.org/  http://www.amstat.org/ http://www.amstat.org/

13. Questions??