The pre-qualification courses can each be taken as a CPD Certificate.

The core technical level covers the basic building blocks, the specialist technical level covers the principles in each of the application areas and the specialist application level looks at the specific implementation in the UK.

Core Technical

CT1: Financial Mathematics - a grounding in financial mathematics and its simple applications.
CT5: Contingencies - a grounding in mathematical techniques used to model and value cashflows dependent on death, survival, or other uncertain risks.
CT2: Finance and Financial Reporting - a basic understanding of corporate finance, including the instruments used by companies to raise finance & manage financial risk, and the interpretation of accounts and financial statements.
CT6: Statistical Methods - a further grounding in mathematical and statistical techniques of particular relevance to financial work.
CT3: Probability and Mathematical Statistics - a grounding in the aspects of statistics and statistical modelling of relevance to actuarial work.
CT7: Economics - a grounding in the fundamental concepts of economics as they affect the operation of insurance and other financial systems.
CT4: Models - a grounding in stochastic processes and survival models, and their application.
CT8: Financial Economics - the skills needed to construct asset liability models, to value financial derivatives, to communicate with other financial professionals and to critically evaluate modern financial theories.

Specialist Technical

Specialist Application

ST1: Health and Care - the application, in simple situations, of the principles of actuarial planning and control needed in health and care matters.  
SA1: Health and Care - the application of knowledge of the United Kingdom health and care environment and the principles of actuarial practice to the provision of health and care benefits in the United Kingdom.
ST2: Life Insurance- the principles of actuarial planning and control, and mathematical and economic techniques, relevant to the operation on sound financial lines of life insurance companies.
SA2: Life Insurance - the application of knowledge of the United Kingdom life insurance environment and the principles of actuarial practice to a United Kingdom life insurance company.
ST3: General Insurance - the application, in simple situations, of the mathematical and economic techniques and the principles of actuarial planning and control needed for the operation on sound financial lines of general insurers.
SA3: General Insurance - the application of knowledge of the United Kingdom general insurance environment and the principles of actuarial practice to providers of general insurance in the United Kingdom.
ST4: Pensions and Other Benefits - the application, in simple situations, of the mathematical and economic techniques and the principles of actuarial planning and control needed for the operation on sound financial lines of providers of pensions or other employee benefits.
SA4: Pensions and Other Benefits - the application of knowledge of the United Kingdom pensions and employee benefit environment and the principles of actuarial practice to providers of pensions and employee benefits in the United Kingdom.
ST5: Finance & Investment A - the application, in simple situations, of the principles of actuarial planning and control to the appraisal of investments, and to the selection and management of investments appropriate to the needs of investors.
SA5: Finance- the application of knowledge of the United Kingdom financial environment and the principles of actuarial practice to the financial management of clients’ affairs
ST6: Finance & Investment B - the valuation of financial derivatives.
SA6: Investment - the application of knowledge of the United Kingdom investment environment and the principles of actuarial practice to the selection and management of investments appropriate to the needs of investors.

In addition, the Core Application subjects cover:

• CA1, assets, liabilities and asset-liability management
• CA2, computer modeling
• CA3, communications