Several actuarial organizations collaborate to offer scholarship opportunities to underrepresented minorities.
Diversity Exam Reimbursement Program
The CAS/SOA Joint Committee on Career Encouragement and Actuarial Diversity offers a reimbursement program for African American, Latino and Native American candidates who pass Exam P/1 and/or FM/2.
The Actuarial Foundation: The Foundation’s mission is to enhance math education and financial literacy through the talents and resources of actuaries.
International Association of Black Actuaries (IABA): A global network of thousands of black actuarial students and professional members, offering scholarships, mentoring and other programs and events.
IABA & Coaching Actuaries Partner to Address Minority Underrepresentation in Actuarial Field: IABA is partnering with Coaching Actuaries Adapt study program to address minority underrepresentation in the actuarial profession. IABA reached out to Coaching Actuaries for partnership after polling recent exam passers and new designees to determine which exam prep materials they considered the best to prepare students for introductory actuarial exams. Coaching Actuaries was thrilled to support this initiative and gave IABA facilitators full access to their online platforms - including Adapt in Class.
Organization of Latino Actuaries (OLA):An organization that offers support to increase the number of Latino actuaries by providing guidance mentorship and networking opportunities.
The CAS/SOA Joint Committee for Inclusion, Equity and Diversity (JCIED) works to promote:
- Our profession as the STEM career of choice for candidates of all perspectives, experiences and backgrounds;
- A strong sense of belonging such that our members fully contribute to advance the profession;
- Equitable opportunity for education, research and leadership for our stakeholders.
Exploring Ways to Support Inclusion and Diversity
The Society of Actuaries, the Casualty Actuarial Society (CAS) and the International Association of Black Actuaries (IABA) announced the findings on their joint project on diversity and inclusion. The findings emphasized the importance of promoting early awareness of the actuarial profession among minority high school students, parents and teachers.
How Can You Make a Difference
Share your demographic information with the SOA to help us with our diversity efforts. Your information will be kept confidential.
The SOA and CAS Increase Their Support to IABA ProgramsThe Society of Actuaries and the Casualty Actuarial Society have made a commitment to significantly increase their funding and support of the International Association of Black Actuaries for the next three years in an effort to cultivate a more diverse actuarial profession.