The University of Iowa Department of Statistics and Actuarial Science within the College of Liberal Arts & Sciences was once again designated a Society of Actuaries’ Center of Actuarial Excellence (CAE) in January.
This is the Department’s fifth year of CAE designation—originally awarded in 2009. In addition to meeting the CAE criteria, the Centers Excellence Committee recognized Iowa’s accomplishments in strong, steady stream of actuarial research that easily meets the research criterion of CAE, and their willingness to explore innovative teaching methods, according to the Society of Actuarial Excellence award letter.
Centers of Actuarial Excellence are university/college actuarial programs that have met the eight specific requirements of curriculum, graduate count, faculty composition, graduate quality, appropriate integration, connection to industry, and research/scholarship.
Earning this status helps the UI compete for grants in education and research, assures prospective students that they will be well prepared for actuarial practice, and assures employers that graduates have successfully completely a rigorous educational program.