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The Society of Actuaries (SOA) is the largest professional, actuarial organization in the world. It is dedicated to serving its 19,000 members, and the public. The SOA's vision is for actuaries to be recognized as the leading professionals in the modeling and management of financial risk and contingent events. The SOA is committed to:
- Education–Providing basic education in the fundamental principles of actuarial science, advanced education, professional development and continuing education for practicing actuaries.
- Research–Conducting research to develop studies of historical experience and techniques for projections into the future, analyzing the actuarial aspects of public policy issues and providing the foundation for further expansion of the profession.
- The Profession–Promoting high standards of professional competence and conduct within the actuarial profession.
The designation Fellow of the Society of Actuaries (FSA) recognizes that an individual has demonstrated knowledge of the business environments within which financial decisions concerning pensions, life insurance, health insurance and investments, health benefit systems, finance, life insurance and retirement systems are made including the application of mathematical concepts and other techniques to the various areas of actuarial practice. The designation Associate of the Society of Actuaries (ASA) recognizes an individual that has developed an understanding of the basic mathematics underlying actuarial science and of the application of fundamental mathematical concepts to technical actuarial problems. The Fellow has further demonstrated an in–depth knowledge of the application of appropriate techniques to a specific area of actuarial practice.
The president of the SOA is Cecil Bykerk, FSA, and the president–elect is S. Michael McLaughlin, FSA, CERA.
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