IFoA Education Curriculum 2019

Qualification Structure
Qualification: Fellow
Alternative Health & Care Life Insurance Pensions and Investment and Investment and Enterprise Risk
General Insurance
Finance Finance

Pass one SA
other benefits Management
Advanced
Specialist

subject
Health and Care Life Insurance
SA0 Pensions and other Investment and General Insurance
Advanced Advanced
Research Masters benefits Finance Advanced
SA1 SA2
Level Thesis Advanced Advanced SA3
3hr paper-based 3hr paper-based
SA4 SA7 3hr paper-based
3hr paper-based 3hr paper-based
General Insurance:
Reserving and Capital

Pass two SP
Modelling Principles
Pensions and other Enterprise Risk

subjects
SP7
Principles
Specialist

Health and Care Investment and

Life Insurance benefits Financial Derivatives 3hr paper-based Management
SP0 Principles Finance
Principles Principles Principles Principles
Masters Level SP1 Principles
SP2 SP4 SP6 General Insurance Pricing SP9
Dissertation SP5

Personal and Professional Development (PPD)

3hr paper-based 3hr paper-based 3hr paper-based 3hr paper-based Principles 3hr paper-based
3hr paper-based SP8
3hr paper-based

Qualification: Associate

Actuarial Practice Modelling Practice Communication Practice

Core Practices

Pass all Core Principles and Core Practice exams

Actuarial Practice Actuarial Practice Modelling Practice Modelling Practice
(CP1) (CP1) (CP2) (CP2)
Paper 1 Paper 2 Paper 1 Paper 2 Communication Practice
3hr paper-based 3hr paper-based 3hr computer-based 3hr computer-based (CP3)
3hr computer-based

Must pass both papers together Must pass both papers together

Actuarial Statistics Actuarial Mathematics Business

Business Finance
Actuarial Statistics 1 Actuarial Statistics 2 Actuarial Mathematics 1 Actuarial Mathematics 2 (CB1)
Core Principles

(CS1A) (CS2A) (CM1A) (CM2A) 3hr - paper-based

Theoretical Exam Theoretical Exam Theoretical Exam Theoretical Exam
3hr paper-based 3hr paper-based 3hr paper-based 3hr paper-based
Business Economics
(CB2)
Actuarial Statistics 1 Actuarial Statistics 2 Actuarial Mathematics 1 Actuarial Mathematics 2 3hr paper-based
(CS1B) (CS2B) (CM1B) (CM2B)
Computer-based Computer-based Computer-based Computer-based Business Management
1.5hr R 1.5hr R 1.5hr Excel 1.5hr Excel (CB3)
3hr paper-based

Examinations can be taken independently of each other Examinations can be taken independently of each other Exams can be sat in any order

*NOTE: There are no restrictions on the order in which modules and examinations may be taken.

09 September 2016