Conference of Consulting Actuaries


Conference of Consulting Actuaries
Conference of Consulting Actuaries

Logo of the CCA
Motto Advancing the Practice
Formation January 1950
Type Professional body
Headquarters Long Grove, Illinois
Location United States of America
Membership 1,200+
Official languages English
President Lance Weiss
Website http://www.ccactuaries.org/index.html

The Conference of Consulting Actuaries, also known as the Conference or the CCA, is a professional society of actuaries engaged in consulting in the United States and Canada, as opposed to those employed by insurance companies. CCA members assist their clients with respect to pension, health, and other employee benefit plans; life insurance; and property and casualty insurance.

Contents

Mission

The Conference's mission is to advance the quality of consulting practice, support the needs of consulting actuaries, and represent their interests. Some of the ways in which it does so include:

  • Developing and maintaining structure and programs to reinforce, enhance, or add to members' knowledge and skills; including continuing education, through diverse delivery methods, for all practice areas and for consulting and business skills.
  • Investing resources strategically to support services and educational opportunities for consulting actuaries.
  • Representing consulting actuaries throughout the global community.[1]

History

The CCA was founded in 1950 as the Conference of Actuaries in Public Practice by seven actuaries who felt the need for a professional association to set standards and share information among consulting actuaries. At the time, the major American actuarial organizations — the Society of Actuaries and the Casualty Actuarial Society — were dominated by actuaries who worked for insurance companies.

In October 1991, the Conference changed its name to the Conference of Consulting Actuaries.[2]

Membership

The Conference offers two designations, Associate of the Conference of Consulting Actuaries (ACA) and Fellow of the Conference of Consulting Actuaries (FCA).

Associate 
Has attained the designation of Associate of the Casualty Actuarial Society (ACAS), Associate of the Society of Actuaries (ASA), Enrolled Actuary (EA), Member of the American Academy of Actuaries (MAAA), Member of the American Society of Pension Professionals and Actuaries (MSPA), or the equivalent designation for any international actuarial organization accepted by the Conference.
Fellow 
Is substantially engaged in consulting actuarial practice, in work as an actuary of a governmental unit, in work as an Enrolled Actuary, in work at an insurance company, or in teaching actuarial science; and satisfies any one of the following three criteria:
  • Has completed six years of experience in responsible actuarial work, three of which are in actuarial consulting, and satisfied the requirements to become an Associate of the Conference.
  • Has been an Associate of the Conference (ACA) for three consecutive years and is practicing as a consultant; or
  • Has attained the designation of Fellow of the Casualty Actuarial Society (FCAS), Fellow of the Society of Actuaries (FSA), Fellow of the American Society of Pension Professionals and Actuaries (FSPA), or the equivalent designation for any international actuarial organization accepted by the Conference.[3]

As of March 2007, more than 1,200 actuaries belonged to the CCA.[4]

Continuing professional education

Many consulting actuaries attend continuing professional education meetings sponsored or co-sponsored by the Conference. Its three major annual meetings are the Enrolled Actuaries Meeting, co-sponsored with the American Academy of Actuaries; the Employee Benefits Spring Meeting, jointly sponsored with the Society of Actuaries; and the Conference's Annual Meeting.

In addition to those meetings, the CCA also sponsors or co-sponsors a variety of seminars and teleconferences. In contrast to its annual meetings, which offer sessions on variety of subjects, the Conference's seminars and teleconferences generally are limited to a single topic of current interest.[5]

External links

Home page of the Conference of Consulting Actuaries

References

  1. ^ "Mission". Conference of Consulting Actuaries. 2007. http://www.ccactuaries.org/about/mission.html. Retrieved 2007-02-01. 
  2. ^ "History". Conference of Consulting Actuaries. 2007. http://www.ccactuaries.org/about/history.html. Retrieved 2007-02-01. 
  3. ^ "Requirements". Conference of Consulting Actuaries. 2007. http://www.ccactuaries.org/about/requirements.html. Retrieved 2007-06-23. 
  4. ^ "Organizational Update". Conference of Consulting Actuaries. 2007. http://www.ccactuaries.org/about/orgupdate.html. Retrieved 2007-06-23. 
  5. ^ "Meetings". Conference of Consulting Actuaries. 2007. http://www.ccactuaries.org/events/calendar.html. Retrieved 2007-02-01. 

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