Joint Mathematics Colloquium

University of Idaho

Washington State University

Fall 2013

Thursday,  November 7, 3:30-4:20 pm, room TLC 145

Refreshments in Brink 305 at 3:00 p.m.

An Overview of the Actuarial Profession and the  Society of Actuaries' "Center of Actuarial Excellence"  Designation


Faith Hollingshead

Senior Actuarial Assistant  in the Individual Annuities line of business

The Standard, insurance and financial company, headquartered in Portland, Oregon


Actuaries can be commonly described as ``insurance mathematicians" or as ``risk managers" and, while they often contend with future financial uncertainties, there is much more involved in both traditional and non-traditional roles.  The actuarial profession is one of many careers that offers a technically-minded student the opportunity to use their skills and to develop business judgment in the context of serving and protecting the public.  The examination process for actuarial credentials is rigorous but the rewards are commensurate.  Many universities around the country and the globe have begun to develop programs to not only prepare students for the exams, but to also educate students in the basic business and communication skills necessary for success in the field.  Institutions with an outstanding record for developing actuarial professionals can apply for the Society of Actuaries' ``Center of Actuarial Excellence (CAE)" designation.  CAE institutions are eligible for research and education grants from the Society and can use the CAE designation in promoting their actuarial program.  Prospective students, their future employers, and alumni can be assured that the institution maintains high standards in the preparation of the actuaries of the future.