Actuarial Society of South Africa students

Have you passed a qualification in South Africa?

We have reciprocal arrangements for those who have passed exams in South Africa.

CT subjects

If you have completed a South African university course since 31 December 2009, and join the Institute and Faculty of Actuaries instead of ASSA, exemptions will only be recognised if we have a direct exemption recognition agreement with the university.

You can apply for exemptions to ASSA and if they have an agreement with the university and your exemptions are granted, you can then apply for exemptions to the UK with your exemption letter from ASSA.

If you have passed an ASSA exam then you need to submit a results letter from ASSA to obtain an exemption from the UK.

If you have passed the CT9 Business awareness exam with ASSA directly, you can apply for an exemption from CT9 with the Institute and Faculty, with a correctly certified result pass letter from ASSA. If you have not received your result pass letter, you must provide a letter from ASSA confirming you have passed the CT9 exam directly with them.

If you are eligible for exemptions from any of the CT subjects, you could also use these to claim exemption from relevant Certified Actuarial Analyst modules.

CA subjects

CA1 Actuarial risk management
If you have passed CA1 Actuarial risk management with ASSA directly, you can apply for an exemption from CA1 with a correctly certified result pass letter from ASSA. If you have not received your result pass letter, you must provide a letter from ASSA confirming you have passed the CA1 exam directly with them.

CA2 Model documentation, analysis and reporting
Following the changes to the structure of the Institute and Faculty of Actuaries’ CA2 exam in March 2015 exemptions are not available for students who passed this exam with ASSA after 1 March 2015.

If you passed CA2 Model documentation, analysis and reporting with ASSA directly before 1 March 2015, you can apply for an exemption from CA2 with a correctly certified result pass letter from ASSA. If you have not received your result pass letter, you must provide a letter from ASSA confirming you have passed the CA2 course directly with them.

If you are eligible for exemption from CA2 based on a pass before 1 March 2015, you could also use this to claim exemption from Module 5 of the Certified Actuarial Analyst qualification.

CA3 Communications
After the April 2010 exams CA3 Communications became a 2-day practical exam in the UK (with no option to take a written examination).

There is currently no exemption arrangement for CA3 taken with ASSA.

ST and SA subjects

Subject by subject recognition does not apply at ST and SA level. You will need to pass all of the ST and SA level examinations with one body only. If you have exam passes or exemptions from one body at ST and SA level but wish to qualify as a Fellow with the other body, those passes will not be recognised and you will need to retake the appropriate exams or apply under Mutual Recognition if appropriate.