International Section - International Actuarial General Information

Thank you for your interest in the Society of Actuaries (SOA) and its examinations.

For candidates of other actuarial organizations, the SOA's Board of Directors has adopted a policy whereby a candidate meeting the following requirements would be granted Associateship (ASA). The requirements are as follows:

• Where an individual has obtained the highest possible actuarial qualification in his/her own country;
• Where the only route to qualification has been not by proctored examinations but through the university education system;
• Where an individual has received all of his/her education in that country; and
• Where the individual has seven years of professional actuarial experience, of which at least two years have been in North America.
• Where the individual earns credit for Exam FAM and either Exam ALTAM or Exam ASTAM via examination;
• Where the individual earns credit for the Pre-Actuarial Foundations (PAF) Module, the Streamlined Fundamentals of Actuarial Practice (FAP) Modules, the FAP Final Assessment, and the Actuarial Science Foundations (ASF) Module; and
• Where the individual attends and passes the Associateship Professionalism Course (APC).

The policy above is designed so that an experienced actuary coming to North America for a period of years would not have to pass all of the Associateship (ASA) examinations, but only Exam FAM and one of Exams ALTAM or Exam ASTAM, the Pre-Actuarial Foundations (PAF) Module, the Streamlined Fundamentals of Actuarial Practice (FAP) Modules, the FAP Final Assessment, and the Actuarial Science Foundations (ASF) Module, and the APC for ASA. This is not so much a course-by-course waiver as a general recognition of education and experience in the applicant's own country.

Please feel free to contact me at brogers@soa.org if you have any questions concerning the SOA’s International ASA Waiver Policy.