More than 50,000 Exams Expected per Year for Global ASA, CERA and FSA Designations under New Multi-Year Agreement
SCHAUMBURG, ILLINOIS: The Society of Actuaries (SOA), the largest professional organization dedicated to serving actuarial members, and Prometric, trusted provider of market-leading test development and delivery solutions, have announced a multi-year contract renewal for the delivery of more than 50,000 exams per year and associated test development for the SOA’s three prestigious designations:
CERA: Chartered Enterprise Risk Analyst–Requirements (delivered in partnership with the CERA Global Association)
“The SOA, with support from Prometric dating back to 2005, has administered more than 250,000 exams under our prior agreement, helping more actuaries every year gain knowledge and secure important roles in finance, healthcare, life insurance and regulatory support. We are also adding important new education in general, or property-casualty, insurance and offering our capabilities across all actuarial disciplines,” said Greg Heidrich, executive director of the SOA. “Our renewed testing partnership ensures a continuation and enhancement of our mission to serve actuarial education, research and professional designation for years to come.”
Under the new five year agreement and ongoing partnership, the SOA and Prometric will continue evolving the global computer-based testing program serving the ASA, CERA and FSA programs. Testing program advancements have provided cumulative improvements to shorten certification time for actuarial Fellows and Associates. Examples of computer-based testing advantages include more frequent testing administration windows and faster time for providing reliable exam scoring.
“Actuaries serve vital roles in companies and governments across the globe, providing financial and risk assessment counsel to executives charged with risk mitigation and revenue growth. We are grateful for the continued trust the SOA has in our people and our testing solutions to insure the integrity and performance of the ASA, CERA and FSA testing programs into the future,” said Michael Brannick, President and CEO for Prometric.
About the Society of Actuaries
The Society of Actuaries (SOA) is an educational, research and professional organization dedicated to serving the public, its members and its candidates. The SOA’s mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems. The SOA’s vision is for actuaries to be the leading professionals in the measurement and management of risk. Visit the website.