CIA candidates pursuing the University Accreditation Program (UAP) or traditional examination have many options for international practice.
The CIA is a member of the International Actuarial Association (IAA), and as such, the international portability of the Associate (ACIA)/Fellow (FCIA) designations is an important priority for the CIA.
The FCIA designation is well-recognized and well-respected internationally, and the CIA, through its high standards for education, will ensure that CIA members continue to be held in high regard.
Casualty Actuarial Society
The Casualty Actuarial Society (CAS) recognizes CIA UAP credits towards the ACAS and FCAS designations.
American Academy of Actuaries
FCIA achieved partially through UAP credits meets the education requirement of the U.S. Qualification Standards (USQS) set by the American Academy of Actuaries (AAA). A candidate who meets the USQS actuarial experience and the continuing education requirements may qualify as a Member of the AAA (MAAA) and be fully qualified to practice in the U.S.
An FCIA, MAAA counting three years of actuarial experience including one year in the relevant area of U.S. actuarial practice is fully qualified to sign a statement of actuarial opinion in the U.S. Click U.S. qualification standards for more details.
To qualify as an MAAA and satisfy legal or regulatory requirements that may be applicable, an FCIA who is a resident of the U.S. for at least three years, or a non-resident or new resident, must certify their familiarity with U.S. laws and practices in their actuarial practice area.
Mutual Recognition Agreements
The following organizations recognize CIA UAP credits through mutual recognition:
- Actuarial Society of South Africa
- Actuaries Institute in Australia
- Institute and Faculty of Actuaries in the United Kingdom
The CIA does not guarantee that credits granted to candidates under the CIA UAP will be recognized by any other actuarial organizations towards their actuarial designations.