The VEE (Validation by Educational Experience) requirement is jointly sponsored by the Society of Actuaries (SOA), Casualty Actuarial Society (CAS) and Canadian Institute of Actuaries (CIA). Completion of VEE courses is a requirement for obtaining associateship.

The VEE courses are not prerequisites for the preliminary exams and may be fulfilled independently of the exam process. However, you must pass two SOA or CAS actuarial exams before applying to the SOA to have your VEE credit added to your record. The SOA has a detailed help section on VEE frequently asked questions here.

VEE Courses:

  • Economics
  • Mathematical Statistics
  • Corporate Finance (becomes Accounting & Finance July 2019)

VEE Corporate Finance becomes VEE Accounting and Finance

Corporate Finance is transitioning to Accounting and Finance. This will become a two-component requirement with the ability to separately earn Accounting and Finance credit. There will be two elements to this transition.

  • As with economics, course(s) currently approved for Corporate Finance will also fulfill the Finance requirement. However, starting July 1, 2019 (note the later date) course renewals and new submissions must meet the revised Finance (but not Accounting) requirements.
  • Candidates who earn Corporate Finance credit prior to July 1, 2019 will receive, upon claiming that credit, transition credit for the complete Accounting and Finance requirement. Note that it is not required that the credit be claimed by this date. Candidates who have not earned Corporate Finance credit by July 1, 2019 must earn and claim both the Accounting and Finance requirements of this topic. However, in line with the general principles of VEE, Accounting courses offered prior to July 1, 2019 can be submitted. If approved, candidates who earned Accounting credit prior to this date can claim it.

Obtaining VEE Credit

Some students are able to obtain VEE credit for coursework they completed in undergraduate or graduate school. Other actuarial candidates choose to obtain VEE credit after school through SOA/CAS approved online courses that include a proctored exam.

The SOA offers a tool, VEE Directory of Approved Courses and Alternate Options, that may be used to search for classes or online courses. Search for a school by state or select alternative options to find online courses. In addition, ACTEX Learning offers VEE Courses for SOA/CAS credit on all required topics. The ACTEX VEE courses are consistently well reviewed and provide instructor support

Claiming VEE Credit

Candidates can apply to receive credit for their VEE courses at any time after passing two SOA exams. There are two key dates to be aware of:

  1. Earned Date:  The earned date is the date on which the experience was completed and the qualifying grade received.
  2. Claimed Date:  The claimed date is when a candidate applies for credit. If the VEE Candidate Credit application is accepted by the SOA, the date of approval is the claimed date. At this point the VEE credit is on the candidate’s transcript and can be applied toward an SOA designation (or other association that accepts SOA VEE credits).

Keep up-to-date on changes to the SOA’s VEE requirements on the SOA’s Curriculum Changes web page.