Learn everything you need to know about the SOA 2018 ASA Requirement Changes, all in one place.
The SOA will be changing most of their ASA requirements starting July 1, 2018. Here's a summary of the changes:
Below is a more detailed summary of the expected changes for each exam or requirement. You can read the SOA's official ASA and CERA curriculum changes fact sheet here, and get further clarification at their FAQ page. Click here to access the preliminary syllabi for the exams below.
This E-Learning module is similar to the structure of FAP modules, covering the modeling process and case studies.
Administered as a 5-hour project-based assessment. Will require using computer equipped with Microsoft Word, Microsoft Excel and RStudio to analyze data set in the context of a business problem and communicate findings in a report.
Knowledge of SRM will be assumed, even for candidates receiving transition credit for SRM via VEE Applied Statistics.
VEE Economics will not be changed.
VEE Accounting and Finance will replace the current VEE Corporate Finance. This new VEE course adds an accounting component and lightens the finance requirements.
Note: VEE Corporate Finance has a cutoff date of 7/1/2019, rather than the 7/1/2018 cutoff date that applies to all other SOA changes.
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.
The structure of APC will remain unchanged.
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.
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:
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.
We can help. See our recommendations for how to time your exam plan based on your current circumstances.