Society Of Actuaries
What Does Society Of Actuaries Mean?
The Society of Actuaries (SOA) is a professional organization for actuaries, individuals who assess risks for insurers, boasting over 24,000 members from the United States, Canada, and around the world. The SOA’s mission is to advance actuarial knowledge through research and education. The credentials it offers help those who earn them stand out in their field. The risk evaluation that SOA members specialize in is the same process that shapes what you pay for a life insurance policy.
Insuranceopedia Explains Society Of Actuaries
Membership in the Society of Actuaries (SOA) can help actuaries stand out by enhancing their perceived professionalism. The SOA offers a range of exams, and passing these exams allows actuaries to earn various credentials that distinguish them in their field. Actuarial work done behind the scenes at SOA member firms is a big part of why pricing differs between the best life insurance companies. The SOA was formed in 1949 when the Actuarial Society of America merged with the American Institute of Actuaries.
