Each module in the LRA certification program consists of 7 study sessions (6 academic hours each) + one practical session in a computer class + an exam session. Transition between the modules is contingent upon compliance with the requirements of the module. One can participate in any of the modules and gradually accumulate them until earning the LRA certification, in a period not exceeding 3 years. After earning the LRA designation, one can register only to one specialization module (MRA, CRA, ORA, IRA and PRA) in order to earn an additional financial actuarial science (MRA, CRA, ORA, IRA and PRA).
One can participate in the 5 modules of the LRA certification program also under the continuing education programs and not in order to obtain the LRA designation. In this case one is not required to complete previous modules as a prerequisite and those modules will not include passing exam and/or submiting a report.
In order to earn the LRA designation the candidate will have to complete the exams of all the modules, in which he or she was not tested.
At the end of the LRA certification program in order to earn the LRA designation, one is required to prepare a LRA report, such as the reports prepared by leading professionals in Israel and abroad in the field of life risk actuarial science.
The LRA report will accompany the certified LRA in meetings with potential employers or in his or her activitiy as a owner of a financial advisory office and will constitute as a entary ticket and a signal that he or she is familiar with the world's best practices in the field of the LRA certification.
The cost of each module in the certification programs which includes 48 academic hours over eight weekly sessions is 5,000 NIS (VAT & registration fee included).
Opening date: October 8, 2015.
The studies will take place on Sundaysat Levinsky College Campus, Tel Aviv, beween 16:30 to 21:30.
The parking is free and one can easily arrived by public transport.
Life Risk Actuary (LRA) Certification Program
The LRA certification program includes 240 academic hours divided into 5 modules (courses), 48 academic hours each. The first four modules are common to all the financial actuarial science certifications (MRA, CRA, ORA, IRA, LRA and PRA) and module 5 is the LRA module.