Actuarial Exams
T/F: UIUC offers UEC credit for exam P (ASRM 401)
FALSE: P is not available for UEC
T/F: UIUC has a top 10 ranked Actuarial Science program in the country.
TRUE! We are ranked #2 according to CollegeTransitions (2025) and #5 according to Niche (2026)
T/F: ASC is only active during recruitment season (Aug-Oct)
FALSE: We are active the whole year! We slow down from Nov-Feb but we have a symposium, monthly meetings, and company presentations in Spring!
T/F: The exam tracks are the same for both consulting and traditional insurance
TRUE: The only thing that differentiates the exam track is whether you are CAS or SOA.
What is the only letter NOT used in any U.S. state name?
Q
These are the first two exams that are shared by BOTH CAS and SOA
P and FM
Which college within UIUC has the most students?
Who is the president of the club?
Jenni
What are the names of the organizations that give credentials to actuaries? (FULL NAME)
SOA: Society of Actuaries
CAS: Casualty Actuarial Society
Who had the most monthly listeners (Spotify) in October?
The Weeknd (Chartmasters)
How many UEC exam credits does UIUC offer for SOA?
4 (FM, SRM, FAM, ASTAM/ALTAM)
1876
Name an example of a traditional insurance company and an example of a consulting company
Answers will vary, examples:
Traditional: State Farm, Zurich, CVS Aetna
Consulting: Deloitte, PwC, EY
This actuarial career ensures that insurance companies have enough money to cover losses (and projected losses)
Reserving Actuary
What is the most popular sport in the world (statistically)?
Soccer
How many TOTAL exams must you take to reach FCAS status? (CAS route)
9 (P, FM, MAS-1, MAS-2, Exam 5-9)
Which NFL team played at Memorial Stadium while their stadium was being renovated?
Chicago Bears (2002)
Who is the social director?
Parth
What are some things a life/health actuary might work on?
Answers will vary, some examples:
Life: Assessing solvency, investment advice
Health: Designing new health plans, calculating premiums
What is the largest organ in the human body?
The skin
How many FSA exam tracks are there?
6 (Corporate Finance and ERM, Quant, Life, Retirement, Group and Health, General)
What was the former name of the State Farm Center?
Assembly Hall
Who is the MTF Director?
James
This career serves as a broker between insurance companies, called "insurance for insurance companies"
Which mathematician is considered the father of actuarial science?
Edmond Halley (Halley's Comet!) (William Morgan is also acceptable)