Coaching Actuaries

2018 SOA Changes

SOA Changes


Learn everything you need to know about the 2018 ASA and ACAS Requirement Changes.

The SOA will be changing most of their ASA requirements starting July 1st, 2018. Other than the previous-announced FM syllabus that began in summer 2017, P and FM will remain mostly unchanged. Below is a detailed summary of the expected changes for each exam or requirement.

How Do These Changes Affect Me?

You’ve already gotten your ASA.

  • These changes won't affect you. If you're planning to get your FSA designation afterwards, however, you will need to complete the FSA requirements before 7/1/2022.
  • If you can't meet the 2022 deadline, you will be required to complete the new ASA requirements (such as the new Predictive Analytics exam) before you can earn your FSA designation.

If you're not sure when you'll get your ASA designation.

Don't worry, keep focusing on your exams. As per the table outlining the SOA transition rules, passing current exams now will give you transition credit for their replacement exams after 7/1/2018. For example, passing MFE will give you credit for IFM. Some exceptions or special outliers include:

  • Completing VEE Corporate Finance before 7/1/2019 (not 7/1/2018) will give you credit for VEE Accounting and Finance.
  • Completing VEE Applied Statistics before 7/1/2018 will give you credit for both SRM and VEE Mathematical Statistics.
  • Passing C before 7/1/2018 will give you credit for both STAM and VEE Mathematical Statistics.

Timing your exam plan.

If you take any of the current exams before 7/1/2018 and get your pass/fail results after the transition deadline, you will not be able to earn your ASA designation with the credit you have, but you will earn transition credit for the new replacement exams, as outlined in the SOA's transition rules.

We've got some recommendations based on where you are on your ASA journey.


Updated and New Exams

Exam P

  • Minor learning objective changes.
  • Probability generating functions added.

Same sittings as currently offered

CBT Exam Format, Instant Results Available

Learning Module and Vee Updates

VEE Economics

SOA-Approved Course

  • VEE Economics will not be changed
  • Made up of Microeconomics and Macroeconomics

FAP Modules

E-Learning Modules

The structure of FAP Modules will remain unchanged. However, there is a possibility that a small number of topics will be adjusted as the curriculum is developed.