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What's the difference between the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA)?
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So.... after taking Exams FM and P, or even if you're a freshman wanting to figure out your passions,
you now want to make a decision on pursuing the CAS Track, or the SOA Track.
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The Main Difference between these two American Actuarial Societies is their education and credential requirements: The CAS has one, specific fellowship journey for Property and Casualty (P&C), while the SOA has fellowship tracks for Enterprise Risk Management, Finance and Investments, Life Insurance and Annuities, Retirement Benefits, Health Insurance, and general insurance.
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Usually, an Actuary's job and employer determine which society they are to get their credentials with.
- Both societies educate Property and Casualty Actuaries, but currently most P&C Actuaries in the United States get their fellowship with the CAS.
There are many different types of actuaries, with the most popular being Property & Casualty actuaries and Life & Health actuaries. Property & Casualty actuaries deal with risks related to property and businesses, while Life & Health actuaries deal with risks related to people’s health and well-being. Yes, CAS Actuaries will be working with house, vehicle, and personal belonging insurance.
P.S -- The CAS Exams are a tad bit harder than the SOA Exams.
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