FCIA (Fellow of the Casualty Actuarial Society)

FCIA (Fellow of the Casualty Actuarial Society) is a professional designation awarded to experienced actuaries specializing in property and casualty insurance, including areas like auto, home, and liability coverage. Achieving FCIA signifies advanced knowledge in evaluating risk, setting insurance prices, and reserving funds for claims. It reflects a high level of expertise, rigorous testing, and adherence to industry standards. Essentially, FCIA actuaries help insurance companies assess potential losses and ensure financial stability, supporting informed decision-making in a core area of the insurance industry.