Membership & Education

A Career as an Actuary

Canadian Enrollment Information

Please see the Notices in the Membership & Education section of the CIA website for additional information.

ENROLLMENT WITH THE INSTITUTE

A person may apply for enrolment in the Institute as an Associate (ACIA), a Fellow (FCIA), an Affiliate, or a Correspondent.

Individuals who do not meet the minimum requirements for one of these categories may subscribe to CIAnet, to be included in communications from the Institute and to gain access to most areas of the website. Information regarding CIAnet may be obtained here.

Subject to the payment of dues, the enrolment requirements for each category are described below. These requirements have been established in accordance with Bylaws of the Institute. The requirements described below are those in effect as of the date of publication of this information. However, with the Board’s approval, the Institute reserves the right to modify these requirements at any time and without notice. Such modifications may be made with respect to individual applicants or all applicants. For more information, see the following:

ASSOCIATE (ACIA)

Associates for the Canadian Institute of Actuaries are authorized to append to their names the initials ACIA (Associate, Canadian Institute of Actuaries) or AICA (associé, Institut canadien des actuaires).

Associates will also gain voting rights five full years after they obtain Associate status in the Institute.

Enrolment as an Associate of the Institute requires that the individual:

  1. Successfully complete or have credit for exams P/1, FM/2, MFE/3F, MLC/3L and C/4*;
  2. Have credit for Validation by Education Experience (VEE) for Economics, Finance, and Statistics subjects from the Society of Actuaries or of the Casualty Actuarial Society**;
  3. Successfully complete the SOA Fundamentals of Actuarial Practice e-learning course** or CAS Online Courses 1 and 2**;
  4. Successfully complete CAS Exams 5 and 6–Canada (property and casualty candidates only)**; and
  5. Successfully complete the CIA Professionalism Workshop or approved CAS Course on Professionalism when it is offered in Canada.

* See the following section, University Accreditation Program, for important details.

** Or the equivalent education/exams through another recognized actuarial association.


UNIVERSITY ACCREDITATION PROGRAM

The CIA’s University Accreditation Program (UAP) provides students with the option of, upon achieving the required minimum exemption grades, applying to the CIA for exemptions from some of the early actuarial exams of the SOA and CAS. Namely: FM/2, MFE/3, MLC/3L, C/4. Exemptions are not available for Exam P/1.

The option of gaining exam exemptions can provide candidates with a portion of the qualification requirements to become an Associate of the CIA. In most cases, more than one course is required in order to achieve an exam exemption.

More information on the UAP is available by contacting the Education and Professional Development Department of the Institute.


FELLOW

Fellows of the Canadian Institute of Actuaries are authorized to append to their names the initials FCIA (Fellow, Canadian Institute of Actuaries) or FICA (Fellow, Institut canadien des actuaires).

All Fellows of the Institute are eligible to vote immediately upon confirmation of Fellowship.

Enrolment as a Fellow of the Institute requires the completion of education and examinations, as well as work experience requirements, via one of the following routes:

A. Conventional Route

Enrolment as a Fellow via the conventional route requires that an individual:

  1. Successfully complete all of the preliminary education requirements for Associate enrolment as described above;

  2. Successfully complete two Fellowship-level specialty track exams and three modules, and the DMAC module of the SOA* or Fellowship examinations 7, 8, and 9 of the CAS*;

  3. Successfully complete the SOA Fellowship Admission Course (SOA candidates only);

  4. Successfully complete the CIA Practice Education Course (CAS candidates exempted); and

  5. Complete, to the Eligibility and Education Council’s (EEC) satisfaction, a three-year period of practical actuarial work experience including 18 months of Canadian practical work experience**.

B. Mutual Recognition Agreement Route

Enrolment as a Fellow via the Mutual Recognition Agreement (MRA) route requires that the individual be a Fellow of an actuarial organization with which the Institute has entered into an MRA, by virtue of completing the examinations and any other qualification requirements of that organization, and that the individual enrolls as an Associate or an Affiliate of the Institute, and he/she must:

  1. Successfully complete the Canadian Institute of Actuaries’ PEC or the Casualty Actuarial Society Part 6–Canada exam;

  2. Successfully complete the CIA Professionalism Workshop or approved CAS Course on Professionalism when it is offered in Canada and when it contains Canadian content; and

  3. Complete, to the EEC’s satisfaction, a three-year period of practical actuarial work experience including 18 months of Canadian practical work experience**.

C. Affiliate Route

The Affiliate category of enrolment was adopted in order to provide a more general and open process of enrolment for fully qualified foreign actuaries who wish to practice in Canada and are not covered under an MRA. Enrolment as an Affiliate of the Institute requires an initial assessment of the individual qualifications of the candidate in order to determine the equivalency of the education and experience to the requirements of the CIA.

A customized program, based on the requirements of the CIA and the initial assessment of the candidate’s qualifications, will be set for each Affiliate of the CIA who wishes to pursue Fellowship. Information on how to enrol as an Affiliate may be obtained by contacting the Member Services and Standards Development Department of the Institute.

Enrolment as a Fellow via the Affiliate route requires that the individual enrols as an Affiliate of the Institute while accruing Canadian practical work experience, and:

  1. Successfully complete the Canadian Institute of Actuaries’ PEC or the Casualty Actuarial Society Part 6–Canada exam;

  2. Successfully complete the CIA Professionalism Workshop or approved CAS Course on Professionalism when it is offered in Canada and when it contains Canadian content;

  3. Any other educational requirements determined on a case by case basis by the Committee on Eligibility after an evaluation of the applicant’s educational background; and

  4. Complete, to the EEC’s satisfaction, a three-year period of practical actuarial work experience including 18 months of Canadian practical work experience**.

* Or the equivalent education/exams through another recognized actuarial association.

** Eighteen months’ Canadian experience changes to 12 months, while enrolled as an Associate or as an Affiliate, effective June 1, 2013. Candidates planning to apply on or after June 1, 2013, should enrol as an Associate or as an Affiliate now, while accruing Canadian experience.


EXPERIENCE REQUIREMENT FOR FELLOWSHIP

Applicants for Fellowship via all of the routes mentioned above, must, at the time of their application, meet two experience requirements: the Professional Experience Requirement and the Canadian Experience Requirement.

Professional Experience Requirement

Applicants for Fellowship in the Institute must establish, to the EEC’s satisfaction, that they have completed a three-year period of practical experience in full-time actuarial work during the 10-year period immediately prior to application. Full-time is defined as working 35 hours or more per week.

The specifics of this experience must be set out in detail and certified by a Fellow (or someone of equivalent status) of a recognized actuarial organization, as follows:

  1. Applicants should, in practical terms, transcribe the specifics of their three-year period of actuarial work; and

  2. In a separate letter, applicants should also have a professional actuary certify the accuracy of the work description, and certify that the experience is sufficient to meet the professional experience requirement.

In circumstances where it is not reasonable for an actuary to attest to the work performed under the direction of other actuaries, it will be appropriate for the applicant to have more than one actuary certify to the accuracy of the work description.

Canadian Experience Requirement


Applicants for Fellowship in the Institute must establish to the EEC’s satisfaction that they have gained at least eighteen (18) person-months of specifically Canadian practical actuarial work experience within the three-year period immediately prior to the person’s application for Fellowship*.

A person-month shall be based on a 35-hour week or more. The 18-month period used to satisfy this requirement may be part of the three-year period used to satisfy the Professional Experience Requirement*.

Canadian residency and/or working for a Canadian company are not in itself sufficient to demonstrate satisfaction of this requirement.

The specifics of this experience must be set out in detail and certified by an FCIA, as follows:

  1. The applicant should produce a written account detailing 18 months of Canadian work*.

  2. The applicant should select an FCIA who is thoroughly familiar with the work to certify the accuracy of the work description, and certify that the experience is sufficient to meet the Canadian Experience Requirement.

  3. The selected FCIA should attach a certification letter to the work description. In circumstances where it is not reasonable for an FCIA to attest to work performed under the direction of other actuaries, it will be appropriate for the applicant to have more than one FCIA certify to the accuracy of the work description. The certification letter and work description should accompany the Fellowship application form.

It should be noted that under certain circumstances, additional information or documentation may be requested from the Committee on Eligibility.

Only experience that is deemed Canadian and certified by an FCIA would meet the Canadian Experience Requirement.

Additional guidelines for the Experience Requirement may be found here.

* Eighteen months’ Canadian experience changes to 12 months, while enrolled as an Associate, or as an Affiliate, effective June 1, 2013. Candidates planning to apply on or after June 1, 2013, should enrol as an Associate or as an Affiliate now, while accruing Canadian experience.

Correspondent

Enrolment as a Correspondent of the Institute requires that the candidate be a fully qualified actuary in his or her country of residence. Further information may be obtained by contacting the Member Services and Standards Development Department of the Institute.