Why VEE?
Validation by educational experience (VEE) was added to the Associateship requirements beginning in 2005. The topics of economics, corporate finance, and applied statistics are not tested on the preliminary exams. These topics are validated through the VEE process. Validation through the VEE process is appropriate for topics that are either best learned in a classroom environment (applied statistics) or are considered important, but not core to actuarial work (economics and corporate finance).