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Chart by Mark W. Scully
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Country |
#of Nonlife Actuaries |
Certification Requirements |
Degree of Actuarial Involvement |
|
U.K. |
> 300 |
10 Exams + 3 years’ work experience |
High; actuarial opinion required on Lloyd’s solvency reserves |
|
Australia |
80-100 |
10 Exams |
High (but no statutory role) |
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Japan |
250 |
8 Exams |
Low |
|
France |
200 |
University courses (3 years’ actuarial science) |
Moderate |
|
Italy |
70 |
University degree in actuarial science + 1 exam |
Moderate |
|
Germany |
350 |
University degree in mathematics + 6 exams + 3 years’ work experience |
Moderate; statutory role of responsible actuary |
|
Brazil |
1,000 (total, life & P/C) |
University degree in actuarial science |
Low but growing; new statutory requirement to hold IBNR reserves |
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Netherlands |
90 (10 in true P/C lines) |
Masters degree in actuarial science + 2 years’ part-time study, OR 8.5 years’ part-time study, PLUS work experience with mentor, written reports, and oral exam |
Low in P/C lines, high for disability (reserves must be authorized) and medical insurance |
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U.S. |
2,900 |
10 Exams |
High |