Skip to main content

The virtual PEC is staying!

Due to the COVID-19 pandemic, the 2022 Practice Education Course (PEC) will be delivered virtually.

Gain practical education on industry practices, professional standards, legislation, and taxation within the Canadian context.

What to expect:

  • Hands-on, practical knowledge of practice-specific course content through interactive online group workshops and seminars.
  • Guidance on how Canadian professional standards affect actuarial work.
  • Networking with experts and peers in your field of practice.

Don’t miss out on fulfilling an essential FCIA requirement while earning valuable CPD.

The PEC is offered virtually twice a year.

  • May 31–June 2, 2022
  • November 29–December 1, 2022: The application period is now closed.

Please note, the course takes place over three days, with sessions taking approximately three to five hours in length per day. An e-learning module must be completed prior to the beginning of the course, and attestation of course completion is required at the end of the course before a certificate is issued.

French sessions will be offered based on sufficient demand. You will be able to select your language preference during the application process. Course materials are accessible in English and French.

Eligibility Requirements – PEC 2022

Exam route Experience route 
Credit for all ACIA-level requirements except for professionalism. Credit for all ACIA-level requirements or equivalent, except for professionalism.
Credit for one track-specific Fellowship exam:

ERM  ERM (GC or other extension)
FIN  QFIQF or QFIPM
GB  GHFVCC and
i. GHDPC, or
ii. GHFVACIA GB Exam also required if credit for GHFVCC was achieved with GHCORC passed before September 2017.
ILA  ILALFMC
P&C  CAS 6C
RET  RETFRC

All candidates must have at least two years of experience*.

Demonstrated Canadian experience** relevant to the chosen PEC track in a specialty or sub-specialty where the candidate has spent at least 36 months within the last four years of their time working on a full-time basis.
In lieu of the above-mentioned Fellow-level exams, a candidate can attend any PEC track provided they have accrued and can demonstrate Canadian experience** relative to the chosen PEC track in a specialty or sub-specialty where they have spent at least 36 months within the last four years of their time working on a full-time basis.

For FIN PEC track only: No exam required if any recognized Fellowship track is complete (including Canadian exams) and two years of relevant experience to the FIN track.

In lieu of the above-mentioned primary route, a candidate can opt to successfully complete the associated examinations for the chosen PEC track as set out below, in addition to demonstrating at least two years of experience*. The experience may be gained in Canada or elsewhere.

PEC track

 

Exam credit

 

ERM ERM (GC or other extension)
FIN QFIQF or QFIPM
GB GHFVCC and
i. GHDPC, or
ii. GHFVACIA GB Exam also required if credit for GHFVCC was achieved with GHCORC passed before September 2017.
ILA ILALFMC
P&C CAS 6C
RET RETFRC

* The experience must be detailed using the relevant CIA form and certified by a recognized Fellow. Recognized Fellow designations are FCIA, FCAS, FSA, FIA (IFoA), FASSA (South Africa), and FIAA (Australia). The certifying Fellow must have had their designation for the entire work experience period. The minimum working experience requirement must be met at the time of application for PEC.

** The experience must be relevant to the chosen PEC track and must be detailed using the relevant CIA form, certified by an FCIA. The certifying Fellow must have had their designation for the entire work experience period. The minimum working experience requirement must be met at the time of application for PEC.

Practice Education Course – FAQ

Does the Casualty Actuarial Society (CAS) recognize the CIA Professionalism Workshop (PW) and the PEC?
Yes. The CAS will accept successful completion of the CIA PW and the PEC as meeting the requirements for the CAS COP.

Do all P&C candidates have to attend the PEC now?
No. To assist P&C candidates to transition to the new requirements, the Education and Qualification Council (EQC) approved the following transition rules:

  1. Candidates who completed the CAS COP in Canada by December 31, 2018, will receive credit for the PW and PEC until December 31, 2023.

Note: If you are eligible under this transition rule, please apply for ACIA as soon as you meet the requirements to avoid a lapse of your PW credit.

  1. Candidates who complete the CAS COP in the US by December 31, 2019, AND complete the CIA PW by December 31, 2019, will receive credit for the PEC until December 31, 2024. No recognition for the US COP will be granted for courses completed after January 1, 2020.

I have a designation from a recognized actuarial organization. How can I get into the PEC?
Review the eligibility requirements for details. Specifically, if you wish to attend the PEC in the P&C track, you must do the following:

  1. Provide proof of membership in good standing from your recognized actuarial organization.
  2. Demonstrate that you have at least 36 months of Canadian P&C experience accrued within the last four years working on a full-time basis.

In lieu of step 2, you can demonstrate credit for CAS Exam 6-C combined with at least two years of professional experience.

You must meet all requirements at the time of PEC registration.

Can I apply for the PEC before I meet the work experience requirement providing I will have the experience at the time the PEC starts?
No. In order to apply for the PEC, you must meet the minimum experience requirement at the time of application.

If I am currently missing a qualification but am sitting the exam before the PEC, can I still apply?
This may be possible. Please contact Leslie Lenton for more information.

How do I apply for the PEC?
Applications for the December offering are now being accepted in your member account. Once logged in to the CIA website, click on My Profile, Applications, PEC, and follow the steps outlined on the page.

Who can I contact if I have questions?
Please contact education@cia-ica.ca.

Return to top