Society of Actuaries Recognizes Centers of Actuarial Excellence

• For Immediate Release
• Kim McKeown, Public Relations Manager
• 847.706.3528
• kmckeown@soa.org
•  

Schaumburg, Ill.–Four additional actuarial science programs in the U.S. and Canada were recently named SOA Centers of Actuarial Excellence (CAE) by the Society of Actuaries (SOA).

The actuarial science programs at Pennsylvania State University, Simon Fraser University, University of St. Thomas and University of Western Ontario joined 17 CAE schools that were awarded the designation previously from the SOA.

The programs at each of these schools met eight rigorous criteria and specific requirements related to degree curriculum, graduate count and quality, faculty composition, appropriate integration, connection to industry and research/scholarship in order to qualify for the CAE distinction.

"Universities that have been named Centers of Actuarial Excellence by the SOA truly exemplify the highest standards in actuarial education, research and scholarship," noted Donald J. Segal, president of the SOA. "We are honored to recognize them for this accomplishment and look forward to building strong links between these universities and the actuarial profession."

Schools that are designated CAE are eligible to compete for substantial multi–year education and research grants provided by the SOA.

Subject to their continued compliance with the CAE criteria, schools will maintain the CAE designation for a five year period.

Previous universities that were named Centers of Actuarial Excellence are: University of Connecticut, Drake University, Georgia State University, University of Illinois at Urbana–Champaign, Illinois State University, University of Iowa, Université Laval, University of Manitoba, University of Michigan, University of Nebraska–Lincoln, Université du Québec à Montréal, Robert Morris University, St. John's University, Temple University, University of Toronto, University of Waterloo and University of Wisconsin–Madison.

Schools interested in applying for CAE status may visit the SOA CAE Web site for more details.

About the Society of Actuaries

The Society of Actuaries is an educational, research and professional organization dedicated to serving the public, its members and its candidates. The SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk.