SOA 改革全文

kenwindUID: 114468

Updated Information for Candidates and Members Education Redesign
( K" V+ u2 m2 L3 g! k
2 B: p) i  H  w0 s: q& x0 BIn August 2003, the Working Groups for the Education Redesign project, with
the supportand endorsement of the Board of Governors published its
8 l6 h* Z2 U. J( ?/ I. [9 grecommendations for the education and examination process of the Society of
6 O& ^% B$ @2 p5 e. T: LActuaries. That report is available at
9 f( j* x8 B) }$ e1 n/ d(http://www.soa.org/eande/report_membership03.pdf).

7 Y5 ~6 `: f6 s4 n' |1 ]4 y4 bWork on developing a final implementation plan ensued along with a
commentary period during which, you, our candidates and members, submitted
questions and comments. This update describes the final design, conversion
5 q" b! T. v6 Z) R' R; Gmapping and implementation plans.

A web cast "Town Hall" session to discuss the design and conversion plan,
is being prepared for the first quarter of 2004. Please be sure to watch
your email boxes and our web site, www.soa.org for information as it
becomes available.

0 T& M' V0 I5 E$ L
( p8 J6 m# f. ^. F& YAssociateship Requirements
% ~& S1 |9 h) Y  y5 Z/ d3 u4 C, ^
) \3 u: x! k2 ?- X; k
Under the redesign plan, the candidate is required to complete the
. _/ |/ ~' `* W! mPreliminary Education requirements, the Fundamentals of Actuarial Practice
(FAP) Course, and the Associateship Professionalism Course (APC) for the
ASA designation. The Preliminary Education requirements and the FAP Course
may be attempted concurrently.

7 g- I+ T1 d7 f2 L. N  N$ mThe Preliminary Education Component will consist of
(i) pre-requisites,
/ @- Q9 w0 h3 K9 n3 y(ii) subjects to be validated by educational experience, and
(iii) four examinations.
: _) `, K3 }' H
Pre-requisites are topics that will assist candidates in their exam
progress and work life but will not be directly tested or validated:
  Calculus
( {" G' m6 f8 p& V" K& G  Linear Algebra
* t8 @- [+ m' b9 ]8 [  Introductory Accounting
; A! z" M6 s5 p  Q$ d  Business Law
3 B4 q1 I7 H2 v  Mathematical Statistics
" U9 @7 a% A0 y
Validated by Educational Experience (VEE) Subjects are subjects for which
candidates will demonstrate knowledge by submitting transcripts and course
3 Y& u* z# H) o6 z/ w" fdescriptions from formal courses. Submissions will be reviewed to determine
" C; c4 v, }% ^3 C7 Wwhether they meet the stated criteria. Economics. The requirement will be
# F; G/ X% _* F$ u2 N, {0 l% q) `two semesters, one each of introductory microeconomics and macroeconomics.
2 c0 r& g3 v8 D: Z5 y1 @" tA one-semester survey course will not qualify.
) n+ z& I- z, {  ]8 `Corporate Finance. The requirement will typically be met by a course with
5 j  I& u. |3 |$ Y! wan introductory corporate finance course as a prerequisite.
6 I" X) x( U  N* Q5 U1 j0 ^Applied Statistical Methods. The course must cover both time series and
# x  Q# h2 c) c! A( V# g, Aregression (or a candidate may submit two courses). Detailed learning
8 V' x* B* G+ ^; {# j  v  dobjectives for the three VEE subjects will be included in the final
+ ]( s2 f0 I# V  Lsyllabus publication, scheduled for Summer 2004. Candidates will be able to
: ^9 ]' P' j& ?( G) C6 W" Mcompare those learning objectives to the descriptions of the courses they
will submit under this plan. VEE submissions will be accepted starting on
7 ^; _! S$ \6 v# U& k! RJanuary 1, 2005. Submission procedures will be published prior to that date.
0 }8 N/ K- ^# SThere are three mechanisms by which VEE can be accomplished:
1. Completion, with a pre-set grade, of one or more courses offered by a
recognized college or university and approved by the sponsoring
organizations.
a. Candidates or faculty members would submit a course or courses for
  i, Q) e( J# W' G2 G6 A  Nconsideration.
b. Generally, the only submission required for course approval will be the
0 j; r0 G6 R8 v9 [entry in the catalog, including pre-requisites and a description of the
$ `7 S  J5 y% x0 _course. At its discretion, the committee making the determination may
* {# `$ j6 _1 y) @0 h2 qrequest additional information.
c. To earn validation for an approved course, a candidate must receive a
grade of B- or better. If the course is repeated, the highest grade earned
6 X& a% C) g5 Z3 s$ @5 W5 lcan be used. If the institution does not use letter grading, the
institution will be consulted to determine an appropriate translation.
2. Achieving a pre-set score on a standardized examination, as determined
7 V+ c8 y3 ]8 Iby the sponsoring organizations.
a. Specified score minimums on the Advanced Placement (AP) tests and
College Level Examination Program (CLEP) tests for micro and macroeconomics
will be accepted as VEE credit for economics.
b. The committee responsible for VEE implementation will determine which
! Q: _* Z5 c$ q9 B* ]other examinations qualify and the score required for credit. Additional
/ w# ]% @$ G' J% {4 l; `research will be done regarding options such as the CFA exams.
c. Two of the actuarial exams for which specific course credit was not
. C3 y$ H; \( a# h; e+ [6 {received during the 2000 conversion can satisfy VEE, as follows:
i. Unused PD credits earned from passing the pre-2000 Course 120 (Applied
5 B. r+ D5 U- A3 a& r6 d8 |: v/ {Statistical Methods) examination may be used for validation of Applied
; d( E7 T+ Q! ?Statistics.
1 o# E$ h- o5 u6 R  f( \8 `- D' Qii. Unused PD credits earned from passing the pre-2000 Course 220
(Introduction to Asset Management and Corporate Finance) may be used for
/ @8 A, z6 T+ }validation of Corporate Finance and Economics. Additional details on these
two options are included under the conversion mapping section of this
document.
3. Completion of educational experiences as approved by the sponsoring
  q1 _/ k+ _$ l7 U' q% A1 l( R. A8 Yorganizations. The CAS or SOA may choose to offer educational experience in
a particular subject. Other vendors of educational programs may provide
8 Q( k2 Z+ p6 p: z3 W8 D) ?8 Ueligible educational experiences. By definition, a CAS or SOA experience
& n- X7 |. f, r1 P; mwould be accepted. All other options would need to be approved by the
committee responsible for VEE.
# C6 _0 a9 i0 Q4 l
2 k& Z! d: d; l* E7 mPreliminary Education Examinations
2 w; O) @1 c5 |2 u
  Exam P, Probability: Probability and supporting calculus; validated by a
three-hour examination.
$ H% M3 o$ L4 B/ _" ^  Exam MF, Mathematics of Finance: Theory of interest and introduction to
financial economics; validated by a two-hour examination.
0 f/ s1 X: N$ P  Exam M, Models for Quantifying Risk: Life contingencies, frequency models
and aggregate loss models; validated by a four-hour examination.
  Exam C, Construction and Evaluation of Risk Models: Fitting parametric
and nonparametric models and credibility; validated by a four
* ]. E2 W! l! K' z( [/ u4 rhour-examination.

4 P$ D% V6 L9 \; {, S/ RFundamentals of Actuarial Practice

The e-Learning component of ASA level education (previously referred to as
* X: P; {, o% \1 s5 t% C" V! jthe ASA Course) has an official new name - Fundamentals of Actuarial
9 n. R2 }) M* l- R$ u7 gPractice (FAP) Course. As introduced in the August 2003 report, the module
topics will be presented in the context of a control cycle.

7 c2 @- y5 w6 {" p( U1 UModule 1, Role of the Professional Actuary: Provide the basic framework for
5 g. p2 d/ @7 u! P# u% factuarial work and functions using a control cycle as a framework.

Module 2, Core External Forces: Provide an understanding of how core
6 X" p& S8 q# {" p3 Y8 V0 }; L+ y: ?external
2 A  w) C% e; _forces, outside of the actuary's sphere, integrate into actuarial work.

( E; J# K/ \9 w0 b4 nModule 3, Typical Actuarial Problems: Provide an introduction to concepts
8 \2 u( G. z# E! q$ U3 u- F' Mwithin the context of common actuarial problems and assignments.

9 Q3 j8 s. T- ~" X; q' ?& \Module 4, Solutions to Selected Actuarial Problems: Demonstrate how a
" `* u7 n! I/ H1 m  z! F( ?complete control cycle is applied, through selected examples and sample
solutions.
9 g! V! l6 `: _- V, _: S+ A7 {& @
- R6 X0 I* L0 vModule 5, Design and Pricing of an Actuarial Solution: Introduce and define
common models for each area of practice.

Module 6, Selection of an Actuarial Design and Model: Given a problem, find
/ r7 B$ H2 c. S+ @* v: o- ha solution by going through the entire process to select a model.

3 X" i+ f3 C  ?' w4 X" g$ b( ^Module 7, Selection of Initial Assumptions: Introduce the process and
' l2 N1 x2 p/ i) b, y1 N; qconsiderations in selecting assumptions as a component of finalizing the
) {" I# s0 @( C5 c) w& Kdesign solution and moving toward monitoring results.

" S- }0 f) Y9 T# e/ KModule 8, Monitoring Experience - Model and Assumptions: Establish the link
7 h9 L& H' a8 P7 t8 W  ~between designing the solution and monitoring the results via techniques for
' H/ y" l0 S# ~: n  |9 Bmonitoring experience.
' V3 y5 l2 s  C& u! n
# [. F  L* N& P* [- f4 V% QValidation Plan for Fundamentals of Actuarial Practice

1. To maintain standards, validation (including interactions embedded in
the content, end-of-module tests and end-of-module exercises) will occur
: M" Z/ ^' T; E$ ~( Q% I! f/ Jthroughout the course.
/ Y$ m. M3 B1 o2. Candidates will also be formally evaluated via computerized,
multiple-choice
examinations. The first examination will cover content in Modules 1-5 and
the
second examination will cover content in Modules 6-8. These exams will be
administered securely and frequently, with a potential to evolve to "on
demand"
over time.

Associateship Professionalism Course (APC)

( J( _0 _7 {! EThe APC objectives are unchanged from the current description.

8 `: k$ a% o, j) W0 `
Fellowship Requirements
$ l  y. \6 _6 w# W) O2 T0 e: q9 D
' @3 r4 M7 v$ F& N7 i+ H; b
# I* s" n  U/ Z  O* `! p3 v% AFor the FSA designation, the candidate would be required to complete all of
! v& h& t9 P3 E9 T, C$ othe ASA
requirements plus the following additional educational elements:
* C5 c: z0 D8 b& M2 i  t. y1. Two practice-specific examinations
a. Examination DP Design & Pricing
b. Examination CSP Company/Sponsor Perspective
5 |) p" B& b% Y! t) n2. Several e-learning modules that will use the same Internet-based systems
as the FAP course
3. A capstone module or seminar
4. The Fellowship Admissions Course (FAC)

Conversion Mapping
In establishing conversion rules, the major motivating factor was
( H" N8 _3 G: ?) B/ H4 t( vsimplicity while assuring a balance of equity and equivalence. This plan
9 a. {7 y4 ?! w" T3 odoes not involve the granting of partial credits or the splitting of the
& o( ?. a% W3 bnew examinations. The conversion mapping has been adjusted to reflect many
of the comments we received on the Summer 2003 Report to the Membership on
the Education Redesign. In addition, the ASA Course has been formally named
"Fundamentals of Actuarial Practice" (FAP) Course, as described earlier.
The following
table outlines the conversion mapping and additional rules.
$ b; L( |* E- u+ J
Additional rules and considerations:
, y! W( \& e7 o6 [) c7 z$ h
  Credits earned prior to 2000 will first be converted to the current
system before applying this conversion map to determine credits under the
; }9 a& `0 M7 N1 a% Q/ u3 p0 Cnew system.
: s6 F1 G: z9 c2 q7 I" u+ ?  All candidates with the ASA designation will retain that designation.
- X0 Z' ~  u$ R( j: g# @However, in order to obtain an FSA, the candidate will need to have credit
for all of the educational requirements including all portions of the new
FAP Course.
6 k  B. C! ^- _# _* `1 Q8 f  Candidates will be able to earn an ASA using the current courses and ASA
rules through 2006. The APC may be taken at any time following completion
of the prerequisite courses. The FAP Modules, FAP Exams, new FSA Exams and
FSA Modules may not be used to satisfy any part of the current ASA
! T7 J/ X$ C! Y/ {5 Hrequirements.
  Credit for the FSA capstone module does not give credit for the FAC.
/ ~- V, m1 ^; I8 M8 a
  Depending on his or her individual record, a candidate who is not an ASA
may earn credit for certain FSA Exams or Modules through conversion.
However, all of the ASA requirements must be met in order to achieve the
0 c& n  R& T. I5 k. j" lASA designation.
  Effective January 1, 2006, if a candidate has PD credits because of the
2000 conversion, they may file and execute their PD plan before completing
4 e  D5 b# I0 Y: F: \2 }, }1 fthe current Courses 1-8.
3 x3 V* i8 P5 [. i  Unused PD credits earned from passing the pre-2000 Course 120 (Applied
Statistical Methods) may be used for the validation of Applied Statistics.
. A7 N; u+ u3 ~7 e" ^9 wHowever, if this option is elected then these PD credits may not be used to
9 f( b7 F5 G8 K  \& G2 u4 z# Jsatisfy any other requirements.
; q0 x# W/ A2 Z  M. R+ ^, K  Unused PD credits earned from passing the pre-2000 Course 220
(Introduction to Asset Management and Corporate Finance) may be used for
- @" \: b: Q% e8 s5 bvalidation of Corporate Finance and for validation of Economics. However,
+ U0 t  G& D/ N9 D7 aif this option is elected then these PD credits may not be used to satisfy
  Successful completion of EA-2, Segment A and/or EA-2, Segment B will give
the candidate credit for specified portion(s) of the FSA component for the
U.S. Pension track.
0 T- `5 ^0 a9 ?8 S% ~- k4 J
We expect that candidates will receive conversion transcripts following the
release of grades from the May 2004 examination session. Candidates may
- l6 m7 @/ z+ Z* G, Bsubmit questions on any aspect of the redesign to eq2005@soa.org or
ombudsperson@soa.org.

kenwindUID: 114468

SOA改革日程

The final administrations of the current courses will be as follows:
+ T0 b1 h; ]; U  H5 o2 N
Final Courses 1 - 4 exams: November 2004
+ T$ E) d: R4 I# EFinal Course 5 exam: November 2005
Final Course 6 exam: May 2006
; Q, z* C1 b4 oFinal Course 8 exam: November 2006
) @0 \9 R, J9 n7 t& f  S& ]Final Course 7 seminar: Near the end of 2006
Final PD: Executed PD plans will be accepted through the end of June 2007.
5 T5 m6 o- t7 k: U5 U1 p          After 6/30/07,the PD component as it currently exists will be
          discontinued.

The initial offerings of the new components will be as follows:
& a5 B1 p1 ]) a" g  w7 q$ }" Z
Preliminary Education: May 2005
- O6 J1 o2 t' L% k2 {* O% RFAP Course Modules 1-5: January 2006
FAP Course Modules 6-8: May 2006
FSA Modules: January 2007
! M9 t  g# T: {: [FSA Examinations: May 2007
FSA Capstone Module: January 2007
% ?  O2 K7 h( s: ^* q# U
SOA改革后的课程转换
/ e. Q) [( q7 O
& w  W$ `; p1 y# r3 k; _9 c) F4 ^$ yCANDIDATES WITH      WILL RECEIVE CREDIT FOR NEW
CREDIT FOR           REQUIREMENTS//EXAMINATIONS/MODULES
CURRENT COURSE
       1              Exam P, Probability
4 K) f7 @- C& d6 b, q, o, \, O" x
       2              Exam MF, Mathematics of Finance and
                              Validation of Economics and Corporate Finance

1 q7 L- c7 a% G3 }       3              Exam M, Models for Quantifying Risk
5 d# h" N9 ~3 ^( t+ A/ k" E
6 p% e+ H/ T% z0 }( t% J       4              Exam C, Construction and Evaluation of Risk Models
9 v. S8 \) @1 E. r: ]8 @                              and Validation of Applied Statistics

       5              FAP Modules 1 through 5 and first FAP exam

  L3 J% O  }  x       6              FSA Modules, excluding capstone module

       7              FAP Modules 6 through 8, second FAP exam, and FSA
                              capstone module
  X% N7 ^. U5 b+ t( X' q6 o
1 x, ?7 r% P! Y Either 8 or PD,      Exam DP,Design & Pricing,from the same practice
  but not both                area as the Course 8 or stated in the PD plan
+ [# [2 p! G# i" b4 R# w7 c8 c
: c' c& M% P( N0 a$ _- A* l- f 8 and PD             Exam DP, Design & Pricing and Exam CSP,Company/Sponsor
& }+ U6 f% c. k) Z7 e                              Perspective from the same practice area as
  H5 ^, A, M  b1 s! C5 {# t                              the Course 8

     APC              APC

wjmperfectUID: 161368

我想考今年11月份的soa course1,何时申请，本人学数学，正在学着概率，soa的改革对我有什么影响吗？我只打算在大学四年内考course1,2.多谢斑竹

kenwindUID: 114468

今年十一月是旧考试的最后一次，所以COURSE 1 包括微积分和概率。明年开始只考概率。COURSE 2从明年起只考利息理论和金融经济学。微观，宏观，公司财务将要求你出具大学成绩单证明你修过这些课而且成绩必须是B以上。COURSE 4 中的应用时间序列和回归将不作考试要求，但同样要有修过这些课的成绩单证明和课程介绍。

kiveUID: 134603

最初由 kenwind 发布
8 Q0 ]3 \3 ]; S. _2 l* J[B]COURSE 2从明年起只考利息理论和金融经济学。微观，宏观，公司财务将要求你出具大学成?.
' S4 O% n/ M. H9 I  F
以下省略...... [/B]

/ U! O5 u) o7 i9 X
请问如果是自学的那怎么办啊？

kenwindUID: 114468

明年开始，必须要有相应的课程成绩。你可以今年11月把第二门和第四门考了。

kiveUID: 134603

为什么把第二门和第四门考了，考其他的有什么不同吗？那就是说不可以自学然后考试了？

kenwindUID: 114468

因为需要你修课的内容只和第二和第四门有关，所以你可以努力在今年十一月份考下以上两门，如果来不及，就趁着没毕业，把微光，宏观，公司财务；时间序列和回归修过。第一和第三没做修课要求。

wjmperfectUID: 161368

我在大学期间没有机会修与course2有关的课程，如果想考那怎么办？多谢斑竹

wjmperfectUID: 161368

斑竹帮忙回答一下嘛，另外要考11月的course1需何时报名，交dollar吗？

goldenbinUID: 31382

KENWIND去渡假了，有什么问题我来顶！
, O; ]6 j, L# x% |- o' i* }考11月的COURSE 1直接从SOA官方网站上下报名表填好寄过去就行了，如果有信用卡的话，没有的话要麻烦点办张汇票，当然通过复旦和中大等学校报名中心也可以报名的。

wjmperfectUID: 161368

多谢斑竹，那我想考course2呢？我大学期间没有机会修那些课程啊！！！另外，北京有没有可以报名的地方啊？

kiveUID: 134603

Pre-requisites are topics that will assist candidates in their exam
: N, U, O) `) g) jprogress and work life but will not be directly tested or validated:
0 H. N* m0 s) G; p8 }3 QCalculus
Linear Algebra
9 |+ [$ I0 [  A# r- Q2 L( c3 @Introductory Accounting
2 R0 n/ l3 R0 }: x9 x. w7 uBusiness Law
Mathematical Statistics

. c5 l; }& F4 h8 T请问版主，it that ok if i study 5 course above in uk univerisity, especially for bussiness law????????????