Claim: Actuarial credentialing and exams are the same in both the United States and Australia.
Evidence: In some countries, such as Denmark, most study takes place in a university setting. In others, such as the U.S., most study takes place during employment through a series of examinations. In the UK, and countries based on its process, there is a hybrid university-exam structure. In the U.S., for life, health, and pension actuaries, exams are given by the Society of Actuaries, while for property-casualty actuaries the exams are administered by the Casualty Actuarial Society. The education system in Australia is divided into three components: an exam-based curriculum; a professionalism course; and work experience () harv error: no target: CITEREFIAA-Ed2013 (help).