CIA (e)Bulletin/(e)Bulletin de l'ICA
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March 2017
 
 

The Practice Education Course is Changing in 2018

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Since 2000, the Practice Education Course (PEC) has helped prepare candidates for their responsibilities as a Fellow of the Canadian Institute of Actuaries (FCIA) by providing valuable practice-oriented workshops and discussions, supplemented by a three-hour, open-book examination.

Starting in 2018, the new PEC (PEC 2.0) will feature communications, business acumen, and Fellowship professionalism content, a new property and casualty (P&C) track, and no examinations for any track. PEC 2.0 will still have practice-oriented sessions for all tracks. It will also retain the current workshop format and will continue to be a requirement for Fellowship in the CIA.

These changes may affect a candidate’s decision about which year to attend the PEC. FCIA candidates should plan to take the 2017 PEC if
  • They meet the criteria; and
  • They have written a U.S.-specific version of a Society of Actuaries (SOA) exam rather than the Canadian one.

In 2018 and beyond, FCIA candidates will be required to write the Canadian versions of SOA exams. Exam-6 Canada of the Casualty Actuarial Society (CAS) will remain a requirement for P&C candidates who will also be required to attend PEC beginning in 2018.

Candidates currently in the Group and Health track of the SOA will be required to write a CIA Group examination to be eligible to attend PEC in 2018 and until further notice. The CIA Group examination will be held in fall 2017.

For more details on the changes to PEC 2018 and how they may affect you, please visit the PEC 2018 web page. The page includes links to the CIA’s February 22 webcast and PowerPoint presentation on the topic.  

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