Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. There are two different major association in actuaries: Society of Actuaries (SOA) and Casualty Actuarial Society (CAS). Each association has different examinations after two preliminary exams.
SOA is for actuaries who work in life, health, pensions and retirements.
Throughout the exam process, there are two levels of designations you can get: Associate of the Society of Actuaries (ASA) and Fellow of the Society of Actuaries (FSA)
CAS is for actuaries who mainly work in property and casualty insurance.
Throughout the exam process, there are two levels of designations you can get: Associate of the Casualty Actuarial Society (ACAS) and Fellow of the Casualty Actuarial Society (FCAS)
This really depends on your personal preference. Both tracks have same preliminary exams: P and FM. Therefore, if you are relatively early in this field, you should focus on passing those exams first before deciding. It also usually depends on first internship you get.
