INFORMATION FOR STA257 STUDENTS INTERESTED IN ACTUARIAL ACCREDITATION:



  CIA's University Accreditation Program and Pathway to Actuarial Credential


This course is one of the mandatory courses under Canadian Institute of Actuaries (CIA)'s University Accreditation Program (UAP). UAP has moved away from the course-by-course accreditation method and towards program accreditation method (the "Pathway 1 of CIA qualification"). Under the new pathway, in order to obtain ACIA (Associate of CIA) professional credential, students need to:

  * Complete a degree from an actuarial program (ACT Specialist or Major) at University of Toronto and pass a list of mandatory courses. No minimum course grade or GPA is required as long as students pass all the mandatory courses. The full list of UofT's 16 mandatory courses are: ACT240, ACT245, ACT247, ACT348, ACT349, ACT370, ACT451, ACT452, ACT466, STA257, STA261, STA302, STA314, ECO101, ECO102, MGT201/RSM219. 

For transition: CIA will accept an actuarial degree from UofT completed between June 30, 2015 and October 31, 2023 without all the specified mandatory courses.

  * Complete the ACIA Module (administered by CIA, projected Spring 2023). 

For transition: a student can be exempt from the ACIA Module if they complete SOA exam PA and the 8 FAP Modules and assessments by December 31, 2023.

  * Complete an open-book ACIA Capstone Exam (administered by CIA, projected Fall 2023). 

For transition: a student can be exempt from the capstone exam by completing any combination of UAP credits or exams for P, FM, IFM, LTAM, STAM and SRM by October 31, 2023. The deadline to apply for UAP credits is September 30, 2023.


Details on the new pathway for students can be found here:
https://education.cia-ica.ca/acia/acia-for-accredited-university-students/


Your participation in the UAP program is, as always, voluntary.

For further questions, please email education@cia-ica.ca.