on behalf of the Institute and Faculty of Actuaries

Student Brochure for the 2015 exams

The Actuarial Education Company

Core Technical Subjects

Core Application Subjects

Specialist Technical Subjects

Specialist Application Subjects

CT1 Financial Mathematics

CT2 Finance and Financial Reporting

CT3 Probability and Mathematical Statistics

CT4 Models

CT5 Contingencies

CT6 Statistical Methods

CT7 Business Economics

CT8 Financial Economics

CT9 Business Awareness Module (BAM)

CA1 Actuarial Risk Management

CA2 Model Documentation, Analysis and Reporting

CA3 Communications

ST1 Health and Care

ST2 Life Insurance

ST4 Pensions and Other Benefits

ST5 Finance and Investment A

ST6 Finance and Investment B

ST7 General Insurance - Reserving and Capital Modelling

ST8 General Insurance - Pricing

ST9 Enterprise Risk Management

SA1 Health and Care (UK)

SA2 Life Insurance (UK)

SA3 General Insurance (UK)

SA4 Pensions and Other Benefits (UK)

SA5 Finance (UK)

SA6 Investment (UK)

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.

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.

There is one paper in each of Subjects

ST1-ST9 and SA1-SA6.

Students are required to take two

subjects only from ST1–ST9.

Students are required to take one

subject only from SA1–SA6.

The IFoA recommends that every UK-

based 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.

Your journey through the Fellowship examinations

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Core Technical Subjects

Core Application Subjects

Specialist Technical Subjects

Specialist Application Subjects

CT1 Financial Mathematics CT2 Finance and Financial Reporting CT3 Probability and Mathematical Statistics CT4 Models CT5 Contingencies CT6 Statistical Methods CT7 Business Economics CT8 Financial Economics CT9 Business Awareness Module (BAM)

CA1 Actuarial Risk Management CA2 Model Documentation, Analysis and Reporting CA3 Communications

ST1 Health and Care ST2 Life Insurance ST4 Pensions and Other Benefits ST5 Finance and Investment A ST6 Finance and Investment B ST7 General Insurance - Reserving and Capital Modelling ST8 General Insurance - Pricing ST9 Enterprise Risk Management

SA1 Health and Care (UK) SA2 Life Insurance (UK) SA3 General Insurance (UK) SA4 Pensions and Other Benefits (UK) SA5 Finance (UK) SA6 Investment (UK)

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.

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.

There is one paper in each of Subjects ST1-ST9 and SA1-SA6.

Students are required to take two subjects only from ST1–ST9.

Students are required to take one subject only from SA1–SA6.

The IFoA recommends that every UK-based 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.

Your journey through the Fellowship examinations