[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-399223-105":59,"doc-detail-399223-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","introduction-to-actuarial-science-derek-england-outline-actuarial-science-basics","Introduction to Actuarial Science - Derek England - Outline - Actuarial Science Basics","","Introduction to Actuarial Science by Derek England provides an accessible overview of the actuarial discipline and the professional work of actuaries. It explains how actuarial science applies mathematical and statistical methods to assess risk across insurance, finance, and related industries, and outlines key responsibilities such as reserving, pricing, trend analysis, and reporting. The document also summarizes accrediting agencies (CAS and SOA), major exam structures, and practical guidance for how to begin preparation through coursework and VEE credits at IWU.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/introduction-to-actuarial-science-derek-england-outline-actuarial-science-basics/399223/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/introduction-to-actuarial-science-derek-england-outline-actuarial-science-basics/399223.png","ImageObject",300,407,{"name":92,"@type":93},"Elsa","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",13,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What is actuarial science, according to the document?","Question",{"text":113,"@type":114},"Actuarial science applies mathematical and statistical methods to assess risk in insurance, finance, and other industries. It is described as a blend of math, finance, and economics focused on analyzing potential risks.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What does an actuary typically do?",{"text":118,"@type":114},"Actuaries traditionally work in insurance and consulting companies across areas such as life, health, property & casualty, and pensions. Common tasks include reserving, pricing, trend analysis, and reporting, and they earn professional designations through exams.",{"name":120,"@type":111,"acceptedAnswer":121},"How are CAS and SOA actuarial agencies different?",{"text":122,"@type":114},"CAS is the smaller US agency focused on property and casualty insurance and includes designations such as ACAS/FCAS, with one track and the document noting it as more involved/challenging. SOA is larger, focused on life and health insurance with ASA/FSA designations, 6 unique tracks, and is described as more straightforward.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},399223,1790527944,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":105,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},137455077381,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","Introduction to Actuarial Science  \nDerek England  \nOutline  \n• What is Actuarial Science?  \n• What does an Actuary do?  \n• CAS and SOA  \n• Actuarial Exams  \n• How you can prepare at IWU  \n• Resources  \nWhat is Actuarial Science?  \n• “Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions”(Wikipedia)  \n• Blend of math, finance, and economics  \n• The study of analyzing and dealing with potential risks  \n• People who study actuarial science are referred to as actuaries  \nWhat does an Actuary do?  \n• Traditionally work in Insurance and Consulting companies  \n• Several disciplines  \n• Life, health, property & casualty, pensions, etc.  \n• Several roles  \n• Reserving, pricing, trend analysis, reporting, etc.  \n• Earn professional designations through exams  \n• Sometimes serve in other capacities  \n• Consistently among highest rated jobs  \n• Fast growing field  \nAccrediting Agencies  \n• Two US accrediting agencies  \n• Casualty Actuarial Society  \n• Society of Actuaries  \n• Actuaries typically required to be accredited with one agency  \n• Each have own exams and disciplines  \nCasualty Actuarial Society  \n• Smaller of two agencies  \n• Property and Casualty Insurance  \n• Fire, auto, homeowners, liability, etc.  \n• ACAS/FCAS designations  \n• CERA  \n• One track  \n• Considered more involved/challenging  \nSociety of Actuaries  \n• Larger of two agencies  \n• Life and Health Insurance  \n• ASA/FSA designations  \n• CERA  \n• 6 unique tracks  \n• CFE, QFI, Individual Life and Annuities, Retirement Benefits, Group and Health, General Insurance  \n• Considered more straightforward  \nActuarial Exams  \n• Considered some of the most difficult exams in the world  \n• 100 study hours per exam hour  \n• Pass rates ~40%  \n• Each cover different topic  \n• Taken while in college and while working  \n• Company sponsored study programs  \n• Average of two passed exams by graduation  \nActuarial Exams  \n• Preliminary exams  \n• P/1, FM/2, MFE/3F, C/4  \n• Upper level exams  \n• Most exams 3-5 hours  \n• Can be taken in any order  \n• Offered every 2-6 months  \n• Prelims multiple choice, upper level written  \n• Scored 1-10, 6 is a pass  \n• $200-$1000+ each attempt  \nHow Do I Get Started?  \n• IWU does not have any formal actuarial program  \n• Good background of Math, Finance, Economics  \n• VEE Credits  \n• Economics (ECON 100 or 4/5 on AP Macro&Micro)  \n• Corporate Finance (FIS 303)  \n• Applied Statistical Methods (MATH 303)  \n• Recommend:  \n• Above classes  \n• MATH 324, 325  \n• FIS 200, 304, 307,309, 408","cbCaiaUmuTDe0XWQ","https://ap.wps.com/l/cbCaiaUmuTDe0XWQ","pdf",335091,"English","# Outline\n## What is Actuarial Science?\n## What does an Actuary do?\n## Accrediting Agencies\n## Casulty Actuarial Society\n## Society of Actuaries\n## Actuarial Exams\n## How you can prepare at IWU\n## Resources","[{\"question\":\"What is actuarial science, according to the document?\",\"answer\":\"Actuarial science applies mathematical and statistical methods to assess risk in insurance, finance, and other industries. It is described as a blend of math, finance, and economics focused on analyzing potential risks.\"},{\"question\":\"What does an actuary typically do?\",\"answer\":\"Actuaries traditionally work in insurance and consulting companies across areas such as life, health, property \\u0026 casualty, and pensions. Common tasks include reserving, pricing, trend analysis, and reporting, and they earn professional designations through exams.\"},{\"question\":\"How are CAS and SOA actuarial agencies different?\",\"answer\":\"CAS is the smaller US agency focused on property and casualty insurance and includes designations such as ACAS/FCAS, with one track and the document noting it as more involved/challenging. SOA is larger, focused on life and health insurance with ASA/FSA designations, 6 unique tracks, and is described as more straightforward.\"}]","Introduction to Actuarial Science - Derek England - Outline - Actuarial Science Basics | PDF",1790494957,33]