Actuary certifications are an important part of your overall career development plan and a testament to your specialized expertise in the field. With globally recognized certifications, you can stand out to employers and clients, demonstrating your commitment to this profession. Knowing your options, understanding the requirements and pursuing the right certification can positively shape your career trajectory.
In this article, we discuss key actuary certifications and why they are important and answer frequently asked questions about this topic.

What are actuary certifications?
Actuary certifications validate your proficiency in actuarial science, a discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries. These certifications, offered by various professional bodies, equip you with the necessary skills to anticipate, manage and advise on potential future events and financial uncertainties.
List of actuary certifications
Various actuarial certifications can help you stand out in this field. Below are some of the top certifications for actuaries.
Certified Actuarial Analyst (CAA)

The CAA is a globally recognized accreditation from the Institute and Faculty of Actuaries (IFoA). This certification focuses primarily on mathematical, statistical and analytical skills. It could be an ideal choice for those who want professional recognition but aren’t yet looking to fully qualify as an actuary. The certification includes six modules encompassing a range of actuarial techniques and their applications.
Enrolled Actuary (EA)

EA status is granted by the Joint Board for the Enrollment of Actuaries in the United States. Enrolled Actuaries specialize in pension plans and their services and are subject to specific federal laws and regulations. The certification consists of several examinations, continuing education requirements and adherence to a professional code of conduct.
Chartered Enterprise Risk Analyst (CERA)

The CERA is a globally recognized risk management credential. It is aimed at enhancing the ability of professionals to identify, analyze and deal with the financial risks that businesses face. It’s a robust educational experience that goes beyond regular actuarial science to provide a deeper understanding of the risk management process.
Associate of the Casualty Actuarial Society (ACAS)

The ACAS focuses on property and casualty actuarial practice. To achieve this certification, candidates need to pass seven exams, including three that focus on the important aspects of property and casualty actuary work, such as rate making and hypothesis testing.
Associate of the Society of Actuaries (ASA)

This certification offers broad coverage of actuarial practices. To attain the ASA, you need to clear seven exams and complete the VEE (Validation by Educational Experience) requirements.
Fellow of the Society of Actuaries (FSA)

This enhanced certification requires you to choose a specialization, pass additional exams and complete modules and a fellowship admission course.
Fellow of the Casualty Actuarial Society (FCAS)

This certification is widely acknowledged in the property and casualty field. It involves passing nine exams, including two which are especially rigorous.