How COVID-19 is Affecting Aspiring Actuaries
How COVID-19 is Affecting Aspiring Actuaries It’s no surprise that the advent of COVID-19 has affected our daily lives in numerous ways. Of those affected, aspiring and future actuaries are included as well. Actuaries are people who compile and analyze statistics to calculate risks in an insurance company and with the disease spreading throughout the world, it has now become more difficult than ever before to enter or advance in the actuarial science industry. The reason for this difficulty? Actuarial exams. What Are Actuarial Exams? There are two major actuary organizations that host actuarial examinations, the Society of Actuaries (SOA), and the Casualty Actuarial Society (CAS). The SOA deals with life and health insurance, while the CAS handles property and casualty insurance. For both organizations, there are a total of ten exams available. However, the first three exams count for credit in both organizations, so you only have to determine a career path after succes...