CAS and SOA Exploring Adjustments to Diversity Exam Reimbursement Program

The Casualty Actuarial Society (CAS) and Society of Actuaries (SOA) are working together to explore modifications to their jointly-sponsored Diversity Exam Reimbursement Program. A revised program is expected to be announced in 2024 as soon as the review can be completed; in the interim, the current program has been sunset. The Needs-Based Exam Reimbursement Program will remain available to actuarial candidates who demonstrate financial need.

Candidates who sat for CAS or SOA credentialing requirements through December 31, 2023, will still be eligible to apply for a reimbursement through the Diversity Exam Reimbursement Program, with applications due by March 31, 2024.

The CAS and SOA remain jointly committed to enhancing diversity, equity, and inclusion in the actuarial profession. The two organizations are considering statistics on the Diversity Exam Reimbursement Program’s usage, existing barriers to entry into the actuarial profession, and the current legal environment to determine a revised program that can best facilitate this enhancement.