More BIG CHANGES From the Society of Actuaries

The SOA recently announced some big changes to the ASA pathway, a few of which will affect five exams that are currently a requirement for anyone obtaining their associateship.

While the curriculums of some exams are being altered, others are being replaced entirely.

So if you're an aspiring actuary, it's important to understand these changes, because at least one of them may impact you.

And, that's exactly what this video is about!

You're going to learn how these new changes will work (based on the information available to me) and how this could affect aspiring actuaries currently working towards their ASA designation.

I also share my personal thoughts on them and my recommendations on how to approach the new pathway, depending on where you are in your actuarial journey.

So, to find out what this means for you, make sure to watch this!

TIMESTAMPS:
• Intro 0:00​​
• This is the smallest change of them all 1:38
• This is something you NEED to know soon 5:09
• How this change will affect the CAS route 9:52
• This change is a bit complicated but important 10:34

LINKS MENTIONED:

OTHER PLATFORMS:

ACTUARY SCRAMBLE CONTEST DETAILS:

#actuary​ #actuarialscience

[MrCoolBoyIsCool]

I doubt there has been a person who started and ended the SoA track without witnessing a change of curriculum

[oksanasteinke]

Thank you, Brea! Very helpful. I’m a member of AAC and glad that I found you.

[rutu]

Finally! Someone explained it in a way it made sense! Thank you, there is so much ambiguity around these changes, it is amking me loose intrests in Actuarial path.

[LuSori]

Personally speaking I find it strange that employers prefer analytical skills over Financial. Think about all the financial concepts needed to understand Solvency II, such as: Cost of capital, Hedging, Asset liability management, risk margin, market-consistent valuation, portfolio management, etc. Also, the IFRS framework has very Interesting financial applications, such as: Risk Adjustment, contractual service margin, risk securitization, etc. The decision to remove the IFM could leave the students of the SoA in serious disadvantage against the students of the IFoA in terms of financial acumen. This might not be noticeable in actuarial analysts but it's definitely going to be noticeable in the risk managers and senior actuaries of the future.

[neruaholo]

The date you post this video is when I took my first try of P, but I accidently failed it. I was upset for whole day after that. The good news is that I find your channel when I recovery from the failure.

[aribennett]

I passed IFM and I still need to take FM... looks like that was a terrible idea

[kippwu]

Thanks Brea!
I was trying to figure out how SOA is going to change the exams when my friend mention about this two days ago, and I just saw your video.
Luckily I’m in CAS track🤣🤣🤣

[brianturow]

So glad I don't have to navigate these changes. Sorry to anyone who does. Just keep moving forward and one day you'll be looking back on all of this.

[SmokingwithBush]

Great summary of the changes, Brea. Sounds like the SOA is making it easier to achieve designation

[jaychen]

Thanks for the informations! It's really helpful. But I'm wondering if I can still go through the STAM and LTAM materials to pass the FAM and ALTAM exams. I have got these old materials but I'm worrying that it is actually not enough for the exams nowadays.

[jerryesque]

Wow, very helpful. I only briefly heard about these changes, but atleast I know how to handle it now. Thanks.

[dianaguillen]

Thank you for the information.
I’m studying Actuary and I hope to be a good professional :)

[zixuan]

thank you so muchh! Your explaination on the changes to SOA exams are so fruitful!

[marksmith]

I do have a question. If we study for LTAM, how much of that learning will be lost if we are not prepared to take the exam before the changes to the new exams? What actual differences in content will there be in the new exam?

[georgegabriel]

Do you think you could please keep us updated about what happens to the CAS track as a result of the SOA’s changes ? 😅😂 Or if you can make a video about it if you find out anything ? It would be a great help if you could!!

[rajatxoxo]

I want to know the Analystsprep exam material. They provide Fm, P, IFM materials for $299. Should I take it?

[chunhengko]

I wonder that how about the CERA? If IFM will no longer be offered?

[janviertt]

Hi Brea, I had passed STAM and going to study LTAM for this Fall 2021. I really consider the option to skip LTAM and wait for FAM-L. Given the situation of covid in my country this time, I dont think that I can sit for LTAM this fall 2021. Do you think that FAML is easier than LTAM and all the syllabus of FAM-L could be within LTAM ?

[dominic]

if ATPA stands for advanced topics in predictive analytics, shouldn't the PA exam be taken before ATPA?

[cathl]

May I know why take home assessment may be generally easier than usual exam? Not sure if I have to take ATPA :(