Actuarial Notes

Fellow of the Society of Actuaries (FSA)

Fellow of the Society of Actuaries (FSA)

FSA is the fellowship credential of the Society of Actuaries (SOA) — the senior of its two designations. A Fellow has completed everything required of an Associate and then specialised: the fellowship stage is where a candidate picks a practice area and is examined on the way that business is actually priced, reserved and regulated.

Requirements

The FSA pathway

  • Every ASA requirement
  • A two-course sequence (101 and 201) in one practice area, plus two further technical courses
    • The practice areas are Corporate Finance and ERM (CFE), Group and Health Insurance (GH), General Insurance (GI), Individual Life and Annuities (ILA), Investment (INV) and Retirement Benefits (RET); the two extra courses may come from another area or from the cross-practice (CP) catalogue.
  • Decision Making and Communications (DMAC)
    • The course on writing and presenting actuarial work to the people who act on it.
  • Fellowship Admissions Course (FAC)
    • The professionalism course that closes out the pathway.

Note the split with the Casualty Actuarial Society: general insurance is a specialty track inside the SOA's fellowship, while for the CAS it is the whole syllabus — see FCAS.

Further Reading