Society of Actuaries Announces New Centers of Actuarial Excellence: Purdue University and University of Texas at Dallas
Schaumburg, IL, January 12, 2022 – The Society of Actuaries (SOA) has recognized Purdue University, in West Lafayette, IN, and the University of Texas at Dallas, in Dallas, TX as SOA Centers of Actuarial Excellence (CAE), the highest level of SOA recognition for universities. These two universities join the ranks of 33 other CAEs around the world.
To qualify for the CAE designation, university and college programs must meet eight criteria and specific requirements. These criteria include appropriate degree and curriculum offerings, graduate count, faculty composition, quality of graduates, appropriate integration with other areas of study, connection to industry, and research and professional involvement. Schools retain the CAE designation for a five-year period, renewable subject to compliance with the CAE criteria.
“The SOA is delighted to welcome the actuarial programs from Purdue University and the University of Texas at Dallas as our newest CAEs. This is a prestigious designation, acknowledging their efforts in providing education to future actuaries,” noted Eileen Luxton, FSA, FCIA, Chair, CAE Evaluation Committee. “Actuarial candidates often attend actuarial programs in preparation for pursuing a career as an actuary, and we look forward to working with both universities to help enable a bright future for the actuarial profession.”
There are 35 universities that hold the CAE designation. These include 19 universities in the U.S., four in Australia, eight in Canada, two in Hong Kong, plus one each in China and the United Kingdom. See the online listing of universities and colleges with actuarial programs.
About the Society of Actuaries
With roots dating back to 1889, the Society of Actuaries (SOA) is the world’s largest actuarial professional organization with more than 30,000 actuaries as members. Through research and education, 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 challenges. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk.