Craig M. Arnold, Managed Care Actuary

What is an Actuary?

  Actuaries are professionals trained in mathematics, statistics and economic techniques that allow them to put a financial value on future events.  (From the Society of Actuaries Web site)

  The role of an accountant is to record the past as accurately as possible.  In contrast, the role of an actuary is to predict the future as accurately as possible.

 SOA Credentials (exams): The Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) administer actuarial exams.  When a certain number of exams (or credits) are passed, the candidate will earn a professional designation, such as A.S.A. (Associate) or F.S.A. (Fellow).

 AAA Credentials (experience): The American Academy of Actuaries (AAA) bestows the designation of M.A.A.A. (Member of the AAA) when a candidate has their application accepted.  Acceptance requires three years of responsible actuarial work experience, plus references (which are normally given by other members of the Academy).

  

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