ASU recognized as a Center of Actuarial Excellence
Arizona State University’s actuarial science program is now recognized by the Society of Actuaries as a Center of Actuarial Excellence (CAE).
There are currently 242 actuarial science programs across the nation, only 22 of which are recognized as centers of excellence, and ASU is the only one in the state to earn this title.
The CAE review committee was pleased to see the impressive community of students, faculty, local employers and alumni at ASU all working together to provide outstanding education and training for students and career-ready employees for the local industry. They were impressed with the high job placement numbers and exam passing rates of the students. They were inspired by the Actuarial Research Lab and the valuable experience students obtain alongside faculty research mentors.
ASU Achieves Gold Level in 2023 CAS University Recognition Program
Arizona State University has received the highest honor through the CAS University Recognition Program, achieving the Gold Tier. The program recognizes academic institutions with a demonstrated commitment to preparing property and casualty actuaries through their educational offerings. The Casualty Actuarial Society (CAS) is the world’s only actuarial organization focused exclusively on property and casualty (P&C) risks, serving over 10,000 members worldwide. CAS members work for insurance companies, educational institutions, state insurance departments, federal government agencies, independent consulting firms, and many other organizations that require management of risk.
Universities in the Gold Tier have achieved highest level of recognition offered by meeting part or all of the following criteria:
- offering dedicated property and casualty insurance courses
- placing P&C actuaries on their faculty and/or department advisory boards
- graduating actuarial students with jobs in the P&C field and who have obtained credit for CAS credentialing requirements
The CAS University Recognition Program builds upon the former CAS University Award Program introduced in 2016. As a past CAS University Award winner in 2021 and 2018, Arizona State University was granted early access and priority consideration for the program. ASU will receive a monetary award and a visit from a CAS leader among a variety of other benefits. The full list of recognized academic institutions is posted on the CAS website.
Turn Risk Into Reward – with a bachelor's degree in actuarial science from ASU
Actuaries are mathematicians who manage risk by:
- Evaluating the likelihood of future events using numbers, not crystal balls
- Designing creative ways to reduce the likelihood of undesirable events
- Decreasing the impact of undesirable events that do occur
Actuaries are the analytical backbone of our society’s financial security programs. They are also certified professionals who have gone through a series of examinations to obtain a professional designation. As a career, it is consistently ranked among the top professions in terms of work environment, employment outlook, job security, and salary. A great deal of useful information about the profession and the examinations can be found at BeAnActuary.com.
The School of Mathematical and Statistical Sciences is committed to identifying and nurturing talents of future actuarial science scholars. The school has been an important source of actuarial employees for Arizona insurance companies since 1994, and as of fall 2014 has a fully recognized bachelor of science degree. In fall 2018, a master of science in actuarial science degree was introduced. This program provides possibilities for the school to collaborate with the local actuarial industry on research in areas such as trend forecasting, predictive analytics, reserving, and pricing.
The School of Mathematical and Statistical Sciences has actuarial advisors who work closely with students who wish to take actuarial examinations. For additional information on being an actuary or on actuary exams, contact: [email protected].