ActEd brochure cover 2015 with 3mm bleed v3_ActEd brochure cover 2012 with 3mm bleed.qxd 07/07/2014 14:29 Page 1
Your journey through the Fellowship examinations
Core Technical Subjects
CT1
CT2
CT3
CT4
CT5
CT6
CT7
CT8
CT9
Financial Mathematics
Finance and Financial Reporting
Probability and Mathematical Statistics
Models
Contingencies
Statistical Methods
Business Economics
Financial Economics
Business Awareness Module (BAM)
There is one paper in each of Subjects
CT1–CT8. Subject CT9 consists of
internet-based study, attendance at a
two-day course and internet-based
assessment. Please refer to the IFoA
website for more details.
All CT and CA subjects are
compulsory although you may be
exempt from one or more subjects
depending on your previous studies.
Core Application Subjects
CA1
CA2
CA3
Actuarial Risk Management
Model Documentation, Analysis and Reporting
Communications
There are two papers in Subject CA1.
Assessment in Subjects CA2 and CA3
takes place via a face-to-face or online
Practical Exam. Please refer to the IFoA
website for more details.
Specialist Technical Subjects
ST1
ST2
ST4
ST5
ST6
ST7
ST8
ST9
Health and Care
Life Insurance
Pensions and Other Benefits
Finance and Investment A
Finance and Investment B
General Insurance - Reserving and Capital Modelling
General Insurance - Pricing
Enterprise Risk Management
Students are required to take two
subjects only from ST1–ST9.
There is one paper in each of Subjects
ST1-ST9 and SA1-SA6.
Specialist Application Subjects
SA1
SA2
SA3
SA4
SA5
SA6
Health and Care (UK)
Life Insurance (UK)
General Insurance (UK)
Pensions and Other Benefits (UK)
Finance (UK)
Investment (UK)
Students are required to take one
subject only from SA1–SA6.
The IFoA recommends that every UKbased student taking a Specialist
Applications paper takes the relevant
UK Practice Module at the same time.
Please refer to the IFoA website for
more details.
The Actuarial Education Company
on behalf of the Institute and Faculty of Actuaries
Student Brochure for the 2015 exams
All aspects of the examination process are the direct responsibility of the Institute and Faculty of Actuaries. You are advised to read the
Student Handbook issued by the IFoA for further information on the examinations or visit its website at www.actuaries.org.uk.
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Your journey through the Fellowship examinations
Core Technical Subjects
CT1
CT2
CT3
CT4
CT5
CT6
CT7
CT8
CT9
Financial Mathematics
Finance and Financial Reporting
Probability and Mathematical Statistics
Models
Contingencies
Statistical Methods
Business Economics
Financial Economics
Business Awareness Module (BAM)
There is one paper in each of Subjects
CT1–CT8. Subject CT9 consists of
internet-based study, attendance at a
two-day course and internet-based
assessment. Please refer to the IFoA
website for more details.
All CT and CA subjects are
compulsory although you may be
exempt from one or more subjects
depending on your previous studies.
Core Application Subjects
CA1
CA2
CA3
Actuarial Risk Management
Model Documentation, Analysis and Reporting
Communications
There are two papers in Subject CA1.
Assessment in Subjects CA2 and CA3
takes place via a face-to-face or online
Practical Exam. Please refer to the IFoA
website for more details.
Specialist Technical Subjects
ST1
ST2
ST4
ST5
ST6
ST7
ST8
ST9
Health and Care
Life Insurance
Pensions and Other Benefits
Finance and Investment A
Finance and Investment B
General Insurance - Reserving and Capital Modelling
General Insurance - Pricing
Enterprise Risk Management
Students are required to take two
subjects only from ST1–ST9.
There is one paper in each of Subjects
ST1-ST9 and SA1-SA6.
Specialist Application Subjects
SA1
SA2
SA3
SA4
SA5
SA6
Health and Care (UK)
Life Insurance (UK)
General Insurance (UK)
Pensions and Other Benefits (UK)
Finance (UK)
Investment (UK)
Students are required to take one
subject only from SA1–SA6.
The IFoA recommends that every UKbased student taking a Specialist
Applications paper takes the relevant
UK Practice Module at the same time.
Please refer to the IFoA website for
more details.
All aspects of the examination process are the direct responsibility of the Institute and Faculty of Actuaries. You are advised to read the
Student Handbook issued by the IFoA for further information on the examinations or visit its website at www.actuaries.org.uk.