Society of Actuaries (SOA) Releases Summer 2022 Diversity Report

Schaumburg, Oct. 3, 2022 – As part of the Society of Actuaries (SOA)’s Long-Term Growth Strategy, the need for a more diverse, equitable and inclusive environment is an identifiable goal to positively impact and maximize the influence of the actuarial profession. Through the disclosure of demographic data and long-term goals, the SOA remains transparent and accountable in its DEI efforts, releasing diversity reports since spring 2021.

The SOA believes all members and candidates should feel fully included and have equitable opportunities to enter, develop, grow and succeed. The Diversity, Equity, and Inclusion Committee (DEIC) works closely with the SOA leadership and staff to support this journey, focusing its efforts on cultivating equitable and inclusive experiences, growing the actuarial pipeline by supporting underrepresented groups, and championing diversity, equity and inclusion (DEI) to serve the public through research.

Member voluntary racial, gender and ethnic demographic data has been collected since 2015. The SOA used current data collected from aspiring actuaries to members with ASA or FSA designations. The SOA diversity demographic data provides an overview of:

• Overall membership as of June 2022 for both the United States and worldwide,
• New members from January 2012 through June 2022 in the United States,
• New entrants to the examination pathway as of June 2022 in the United States,
• Leadership participation from June 2018 through June 2022 worldwide; and
• Comparison Benchmark Demographic Data: United States population age 25 and up, insurance industry employees, and completed STEM bachelor’s degrees.

Find out more information by visiting the Diversity, Equity and Inclusion page. You can help the SOA improve the accuracy of its candidate and member data by updating the demographic information in your membership profile.