Czech Society of Actuaries
Encyclopedia
The Czech Society of Actuaries (CSA) is the association of actuaries
in Czechia. It aims to promote the education and research in actuarial science and to mediate social and professional contacts among actuaries.
The Society is a full member of the International Actuarial Association
and the Groupe Consultatif. As of 2010, it has about 200 members, 59 of them fully qualified. Current chairman of the Society is Petr Bohumský.
Insurance Technicians. The original society was founded in 1919, and it ceased to exist after the Communist Party
took over the power in 1948.
Since the very beginning, the Society closely co-operates with the Department of Financial and Insurance Mathematics of the Faculty of Mathematics and Physics, Charles University, Prague. The Society and the University jointly organise a regular Seminar in Actuarial Science . University examinations are also a common way to gain full membership of the association.
The Society represents Czech actuaries within international actuarial community. In 1998, it became a full member of the International Actuarial Association
, and after the country's accession to the European Union
in 2004, the Society has become also a full member of the Groupe Consultatif.
Certificate of qualification is normally awarded on the following basis:
As of 2010, the Society has 209 members. 59 of them are fully qualified.
The scope of the examinations complies with the Core Syllabus of the Groupe Consultatif.
Actuary
An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries provide expert assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms ....
in Czechia. It aims to promote the education and research in actuarial science and to mediate social and professional contacts among actuaries.
The Society is a full member of the International Actuarial Association
International Actuarial Association
The International Actuarial Association is a worldwide association of local professional actuarial associations and their 64,000-odd fellows.-History:...
and the Groupe Consultatif. As of 2010, it has about 200 members, 59 of them fully qualified. Current chairman of the Society is Petr Bohumský.
History
The Czech Society of Actuaries was established in 1992 to resume the activities of the Society of CzechoslovakCzechoslovakia
Czechoslovakia or Czecho-Slovakia was a sovereign state in Central Europe which existed from October 1918, when it declared its independence from the Austro-Hungarian Empire, until 1992...
Insurance Technicians. The original society was founded in 1919, and it ceased to exist after the Communist Party
Communist Party of Czechoslovakia
The Communist Party of Czechoslovakia, in Czech and in Slovak: Komunistická strana Československa was a Communist and Marxist-Leninist political party in Czechoslovakia that existed between 1921 and 1992....
took over the power in 1948.
Since the very beginning, the Society closely co-operates with the Department of Financial and Insurance Mathematics of the Faculty of Mathematics and Physics, Charles University, Prague. The Society and the University jointly organise a regular Seminar in Actuarial Science . University examinations are also a common way to gain full membership of the association.
The Society represents Czech actuaries within international actuarial community. In 1998, it became a full member of the International Actuarial Association
International Actuarial Association
The International Actuarial Association is a worldwide association of local professional actuarial associations and their 64,000-odd fellows.-History:...
, and after the country's accession to the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
in 2004, the Society has become also a full member of the Groupe Consultatif.
Membership
The Czech Society of Actuaries offers three types of membership:- Member
- Fully qualified (certified) member
- Honorary member
Certificate of qualification is normally awarded on the following basis:
- Passing of the examinations prescribed by the Society
- Three years of successful work experience
As of 2010, the Society has 209 members. 59 of them are fully qualified.
Examinations
The Society requires candidates to pass the following examinations at the Charles University, or equivalent:- Life Insurance
- Non-life Insurance
- Risk Theory
- Introduction to Finance
- Finance Management
- Stochastic Financial Modelling
- Accounting of Insurers
- Insurance Law
The scope of the examinations complies with the Core Syllabus of the Groupe Consultatif.
Past chairmen
- 1992-1995 Jaroslav Dostal
- 1995-2003 Petr Mandl
- 2003-2010 Jiří Fialka
- 2010-2013 Petr Bohumský