Requirements For Obtaining The CFE Designation Financial / Rating Analyst
There are six types of requirements for obtaining the CFE designation. They are:
- CFE designation requirement
To qualify for the CFE designation, you must have obtained the AFE designation or be applying for the AFE designation concurrently with the application for the CFE designation. A CFE designation will not be granted will not be granted until the AFE designation is obtained. This may occur on the same day, but the AFE designation requirements must be met before the CFE can be obtained. - Membership requirements
Be an Accredited (AFE) member in good standing in the Society of Financial Examiners - Work-related experience requirements
Be an insurance department employee or self-employed with a contract for services directly with an insurance department and have three years of continuous, responsible insurance department experience as a financial examiner, financial analyst or rating analyst. - Education requirements
To qualify for the CFE designation, you must have:
Successfully completed three semester hours of a Management course from an accredited college or university or its demonstrable equivalent, and you must provide evidence of the successful completion of this course by either a certificate of completion or a college transcript.
Note that the Management courses offered by CPCU, LOMA, and CLU will satisfy this requirement. For more information about their courses in Management, visit their websites at www.aicpcu.org, www.loma.rg, and www.theamericancollege.edu. - Examination requirements
In addition, an applicant must receive a passing grade in the following examinations:
(CFE2) Analysis and Evaluation Procedures
(CFE3) Reinsurance
(CFE4) Financial Analysis - Application approval requirements
Be approved by the Admissions Committee and the Board of Governors or Executive Committee of the Society of Financial Examiners as meeting all the requirements to be eligible to hold the designation.