The CIA's Professionalism Workshop is a one day workshop that provides an overview of professionalism issues and makes extensive use of the case study method. Topics covered include the following:
- What is a professional?
- The CIA structure
- The CIA's views on professionalism
- The CIA's discipline process
- Malpractice and legal liability.
- To learn the importance of professionalism for a career as an actuary;
- To earn credit towards the ACIA and ASA designations.
|8 a.m. – 9 a.m.||Registration and Buffet Breakfast|
|9 a.m. – Noon||Workshop|
|Noon – 1 p.m.||Buffet Lunch|
|1 p.m. – 4:15 p.m.||Workshop|
In preparation for the upcoming Professionalism Workshop, certain pre-reading of materials is required. You will not be tested on the materials, but knowledge of them will better prepare you for the workshop and the discussions that will take place:
- Rules of Professional Conduct
- General Standards of Practice
- Qualification Standard – Continuing Professional Development
- Policy on Monitoring Compliance – CPD
- Disciplinary Process
- Policy on the use of Membership Titles and Designations
Five-Year Expiry on Professionalism Education Credit for Membership
Candidates must complete the membership eligibility requirements and be confirmed as ACIA within five years of completing the CIA professionalism requirement. This also applies for former members who have let their membership lapse and who wish to be
reinstated, either as an ACIA or FCIA. Current members of the CIA who maintain their membership in good standing will not lose their professionalism education credit.
Non-members who obtained their professionalism credit on or before December 31, 2014 must become ACIA by January 1, 2020. Professionalism credit obtained after January 1, 2015 is valid for a period of five years from the date of successful completion;
therefore, the first expiries will occur early in 2020.
Recognition by the Society of Actuaries (SOA)
The Society of Actuaries' (SOA) Board of Directors has approved the workshop as an equivalent to its Associateship Professionalism Course (APC) for Canadian students. Therefore,
Canadian candidates who are pursuing Associateship in the SOA (ASA designation), can obtain credit for the APC by attending the CIA's Professionalism Workshop.
Transition Rules and Recognition by the Casualty Actuarial Society (CAS)
Starting in 2019, the CAS will accept successful completion of the CIA's Professionalism Workshop and the Practice Education Course as meeting the requirements for the CAS Course on Professionalism (COP).
The December 2018 CAS COP in Montréal is the last offering of the Canadian version of COP that the CIA will recognize and is the last offered by the CAS.
The Eligibility and Education Council (EEC) approved the following recognition and transition rules applicable to P&C candidates:
- The CAS COP completed in Canada by December 31, 2018 will provide credit for the CIA Professionalism Workshop and the CIA Practice Education Course until December 31, 2023 (a five-year recognition period for both PEC and PW); and
- The CAS COP completed in the US by December 31, 2019 and the CIA Professionalism Workshop completed by December 31, 2019 will provide credit for the CIA Practice Education Course until December 31, 2024 (a five-year recognition period for PEC only).
No recognition for the US CAS COP will be granted for courses completed after January 1, 2020.
If you have any questions, please contact Leslie Lenton, project manager, education and professional development.