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An Associate of the Society of Actuaries (ASA) has demonstrated knowledge of the fundamental concepts and techniques for modeling and managing risk. The ASA has also learned the basic methods of applying those concepts and techniques to common problems involving uncertain future events, especially those with financial implications. The ASA has also completed a professionalism course covering the professional code of conduct and the importance of adherence to recognized standards of practice.
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A Chartered Enterprise Risk Analyst (CERA) of the Society of Actuaries is an Associate member who has demonstrated knowledge in the identification, measurements and management of risk within risk–bearing enterprises. The CERA has also completed a professionalism course covering the professional code of conduct and the importance of adherence to recognized standards of practice.
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A Fellow of the Society of Actuaries (FSA) has demonstrated knowledge of the business environments within which financial decisions concerning retirement benefits, life insurance, annuities, health insurance, investments, finance, and enterprise risk management are made, including the application of advanced concepts and techniques for modeling and managing risk. The FSA has further demonstrated an in-depth knowledge of the application of appropriate concepts and techniques to a specific area of actuarial practice.
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