Gamma Iota Sigma, Sigma Chapter

2009 - 2010 Exam Passers

Scholarship Awardees

2009-2010 Professional Exam Passers
For students in the Risk Management and Actuarial Science fields, passing exams given by professional societies is of critical importance to their professional development. The Sigma Chapter of Gamma Iota Sigma encourages our members to take these professional exams while still in college. These rigorous exams are given by various educational organizations in the Risk Management and Actuarial Science fields, and the Sigma Chapter is proud of our members who have completed this difficult task. These include exams for the CEBS, CPCU and ARM designations, as well as actuarial exams sponsored by the Society of Actuaries. The following is a list of the recent exams passed by our members, as well as a brief overview of what that exam entails. For lists of Professional Exam Passers from previous academic years, click below.
2008-2009

CEBS	CPCU	ARM	SOA
Certified Employee Benefits Specialist	Chartered Property/Casualty Underwriter	Associate in Risk Management	Society of Actuaries


Certified Employee Benefits Specialist (CEBS) In the employee benefits and compensation field, the oldest and most respected professional credential is CEBS - the Certified Employee Benefit Specialist. CEBS was established in 1977 through a partnership of the International Foundation of Employee Benefit Plans and the Wharton School of the University of Pennsylvania. The CEBS designation carries an eight-course requirement and is highly respected in the employee benefits field.
CEBS 1 (Employee Benefits: Concepts and Health Care Benefits) introduces employee benefits, examining the employee benefit environment, the functional approach to benefit planning, and risk management and insurance techniques in employee benefits. The following students have completed this examination:

Thomas Baltrushunas (Class of 2010)	Dante DiGiamberardino (Class of 2011)	Scott Riegel (Class of 2010)
CEBS 2 (Employee Benefits: Group Benefits Management) examines a variety of welfare benefits including dependent care and family leave benefits, and work/life benefits such as financial planning, legal services, education assistance; and vacation and other time-off benefits. This course addresses various functions associated with welfare plans such as administration, funding, communication and taxation, multi-employer welfare benefit plans, benefits technology, and information management. The following students have completed this examination:

Rothanak Sor (Class of 2010)		Michelle Volz (Class of 2009)
CEBS 4 (Employee Benefits: Retirement Plan Management) examines approaches to enhancing retiree financial security and explores investment principles in accumulating retirement wealth. The points of discussion include IRAs, Keoghs, executive retirement arrangements, defined benefit structures and other types of retirement savings plans. The following students have completed this examination:

Scott Riegel (Class of 2010)
CEBS 9 (Employee Benefits: Health Care Financing Economics) provides a theoretical basis for understanding the practical issues in health plan design, management and administration. It uses microeconomic tools to examine health economic issues. The following students have completed this examination:

Michelle Volz (Class of 2009)
Chartered Property/Casualty Underwriter (CPCU) The Chartered Property Casualty Underwriter designation is the most respected professional designation in the property and casualty insurance industry. The American Institute of Chartered Property Casualty Underwriters grants the CPCU designation to individuals who have completed eight courses in risk management and insurance and have complete three years of service in the insurance industry.
CPCU 540 (Finance for Risk Management and Insurance Professionals) concentrates on commercial insurance aspects rigorously focusing on financial principles; particularly financial relations to Risk Management. The following students have completed this examination:

Serg Moyseyenko (Class of 2010)
CPCU 551 (Commercial Property Risk Management and Insurance) concentrates on commercial insurance aspects rigorously focusing on property loss exposures; building and personal property coverage and causes of loss forms. The following students have completed this examination:

Benjamin Mayer (Class of 2011)
CPCU 552 (Commercial Liability Risk Management and Insurance) concentrates on commercial insurance aspects rigorously focusing on liability loss exposures. The following students have completed this examination:

Patrick Redner (Class of 2010)
Associate in Risk Management (ARM) The Associate in Risk Management designation is based on possessing in-depth knowledge in both the practical skills necessary for risk management as well as adapting those skills to changing circumstances. The requirements for attaining the ARM designation consist of passing three courses.
ARM 54 (Risk Assessment) discusses basic concepts in risk management. Establishing risk management programs, the risk management progress, legal foundations, property assessment, liability, cost forecasting, and cash flow analysis are many of the topics covered. The following students have completed this examination:

Hao Ke (Class of 2010)		Adam Knepp (Class of 2010)
Society of Actuaries (SOA) The Society of Actuaries is dedicated to promoting high standards of professionalism, education, and research in the actuarial field. Actuaries in the United States achieve professional status by passing a set of examinations administered by the Society of Actuaries. Exams include Probability (P/1), Financial Mathematics (FM/2), and Actuarial Models (MLC/3). These exams are quite rigorous and have low pass rates nationally. Gamma Iota Sigma would like to congratulate those that have passed these exams in the spring and summer of 2008. Below is a list of graduate students and undergraduate students, the exam they have passed, and the month in which they passed the exam.
Exam P (Probability) has as its goal the development of knowledge with regard to probability. Practical application of this knowledge towards problems in actuarial science is emphasized. The following students have completed this examination:

Ann Cerruti (Class of 2010)	Wing Fung (Class of 2010)	Priyanka Gulati (Class of 2011)	Stoio Kachev (Class of 2010)
Michael Kurinsky (Class of 2010)	Sekeran Chandra Kumar (Class of 2011)	Ajay Nayak (Class of 2011)	Sergey Peters (Class of 2010)
Usamah Rashid (Class of 2011)	Julia Zvenigorodsky (Class of 2011)	Lidjia Xie (Class of 2011)
Exam FM (Financial Mathematics) covers discrete and continuous interest theory, applying fundamental concepts of financial mathematics to calculating the present and future values of various cash flows. In addition, the course also provides an introduction to financial instruments, such as derivatives and arbitrage. The following students have completed this examination:

Andrew Bux (Class of 2010)	Brendan Kissam (Class of 2011)	Yong Bok Lee (Class of 2011)	Stoio Kachev (Class of 2011)
Chris Chirico (Class of 2010)	Sekeran Chandra Kumar (Class of 2011)	Ajay Nayak (Class of 2011)	Sergey Peters (Class of 2010)
Yuriy Nestor (Class of 2010)		Huizhe Teng (Class of 2009)
Exam MLC (Models - Life Contingencies) The following students have completed this examination:

Gyu Dong Kim (Class of 2010)	Jie Shi (Class of 2010)	Christine Tan (Class of 2010)