Society of Actuaries and Prometric Renew Computer-Based Testing Partnership under New Multi-Year Agreement

Prometric logo

SCHAUMBURG, Ill., Nov. 21, 2013 (GLOBE NEWSWIRE) -- The Society of Actuaries (SOA), the largest professional organization dedicated to serving actuarial members, and Prometric, trusted provider of market-leading test development and delivery solutions, today announced a multi-year contract renewal for the delivery of more than 50,000 exams per year and associated test development for the SOA's three prestigious designations:

ASA: Associate of the Society of Actuaries–Requirements

CERA: Chartered Enterprise Risk Analyst–Requirements (delivered in partnership with the CERA Global Association)

FSA: Fellow of the Society of Actuaries–Requirements

"The SOA, with support from Prometric dating back to 2005, has administered more than 250,000 exams under our prior agreement, helping more actuaries every year gain knowledge and secure important roles in finance, healthcare, life insurance and regulatory support. We are also adding important new education in general, or property-casualty, insurance and offering our capabilities across all actuarial disciplines," said Greg Heidrich, executive director of the SOA. "Our renewed testing partnership ensures a continuation and enhancement of our mission to serve actuarial education, research and professional designation for years to come."

Under the new five year agreement and ongoing partnership, the SOA and Prometric will continue evolving the global computer-based testing program serving the ASA, CERA and FSA programs. Testing program advancements have provided cumulative improvements to shorten certification time for actuarial Fellows and Associates.

Examples of computer-based testing advantages include more frequent testing administration windows and faster time for providing reliable exam scoring.

"Actuaries serve vital roles in companies and governments across the globe, providing financial and risk assessment counsel to executives charged with risk mitigation and revenue growth. We are grateful for the continued trust the SOA has in our people and our testing solutions to insure the integrity and performance of the ASA, CERA and FSA testing programs into the future," said Michael Brannick, President and CEO for Prometric.

About the Society of Actuaries

The Society of Actuaries (SOA) is an educational, research and professional organization dedicated to serving the public, its members and its candidates. The SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk. Visit http://www.soa.org.

About Prometric

Prometric, a wholly-owned subsidiary of ETS, is a trusted and market-leading provider of technology-enabled testing and assessment. Committed to a set of values that get the right test to the right location at the right time and to the right test taker, Prometric supports candidates worldwide who take close to 10 million tests each year. Through innovation, workflow automation and standardization, Prometric advances test development and delivery solutions that are better, faster and at less expense.

Prometric delivers tests flexibly via the Web or by utilizing a robust network of more than 8,000 test centers in more than 160 countries and on behalf of more than 400 clients in the academic, financial, government, healthcare, professional, corporate and information technology markets.

For more information, please visit www.prometric.com.

CONTACT: Kevin Patrick Kane kevin.kane@prometric.com

Source: Prometric