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Qualification Structure

Our qualifications are aimed at people who want a career within the actuarial profession. Our table below shows our range of qualifications, exams and roles that can be obtained on completion.

Qualification

Awarding body

Exams

Demonstrated work experience

Professionalism

Skill-set

Roles

Certified Actuarial Analyst (CAA)

CAA Global

Modules 0-5

Yes – 1 year

Yes – Stage 1 Online Professionalism Course (from 1 July 2020)

Financial business, analytical and modelling skills

Analyst, data scientist, data analyst etc.

 

Associate

IFoA in line with International Actuarial Associations (IAA)

Actuarial Statistics - CS1 

Risk Modelling and Survival Analysis - CS2 

Actuarial Mathematics - CM1

Financial Engineering and Loss Reserving - CM2 

Business Finance - CB1

Business Economics - CB2

Business Management - CB3 

Actuarial Practice - CP1

Modelling Practice - CP2 

Communication Practice - CP3 

Yes – 1 year* completion of PPD

*2 years if joined after 2 January 2019

 

 

Yes – Stage 1 Online Professionalism Course and Stage 2 Online Professionalism Course (from 1 July 2020)

Chartered Actuaries are generalist actuaries with a broad knowledge base across the span of practice areas

Actuary

Generalist actuarial roles . Increasingly there will also be opportunities in non-traditional actuarial roles

Once you have qualified, you may choose to continue your studies to specialise

Fellow

IFoA

The examinations required for Associate and additionally:

2 x Specialist Principles modules

1x Specialist Advanced module

Yes – 3 years completion of PPD

 

 

Yes– Stage 1 Online Professionalism Course and Stage 2 Online Professionalism Course (from 1 July 2020) and Professional Skills for Experienced Members

Specialist actuaries with a broad generalist base and a specialist skill-set in particular practice areas

General actuarial roles, but may also include specialist roles and non-traditional roles. Opportunities to advance to Chief Actuary, Chief Risk Officer, Financial Risk Officer, Financial Risk Controller,

Once you have qualified as an Associate or are pursuing Fellowship you can gain this specialist qualification by taking SP9 and the CERA seminar

Chartered Enterprise Risk Actuary (CERA)

CERA Global

Have completed SP9 and attended a CERA seminar

N/A

N/A

Strong ERM knowledge that drives better business decisions

Able to communicate effectively ideas with leadership and is qualified to play varying roles within an organisation, from risk manager to Chief Risk Officer and more.

Filter or search events

Start date
E.g., 23/09/2020
End date
E.g., 23/09/2020

Events calendar

  • Asia Conference Webinar Series

    Webinars
    7 September 2020 - 25 September 2020

    Spaces available

    There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia.  The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.

    This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.

     

  • Spaces available

    This free 90 minute webinar is designed to support the IFoA CPD Co-ordinators, and others, involved in supporting our members to achieve their CPD requirements. 

    The programme will include an overview of the new CPD Scheme; specifically sharing with you key messages to support you implement and embrace the new CPD Scheme for our members within your organisation and regional community; how to arrange a reflective practice discussion; and an interactive reflective practice discussion learning exercise.  In addition, delegates will gain information about accessing, and making the most of the IFoA event Toolkits which you can make use of to run your own in-house events and events for regional communities. 

  • Spaces available

    16.00-17.00 GMT+8

    Consumer expectations are changing Insurance. The Royal Commission in Australia, Design Obligations in the UK, the insurtech ecosystem, and digital-first consumers demanding personalised solutions will all revolutionise how insurance looks like in the future.

  • Spaces available

    12.00-13.00 GMT+8

    This presenter / panel workshop hybrid will be anchored by two presentations examining the socioeconomic, medical and technological factors that will have a significant impact on mortality and our pricing over the next 20 years and beyond. It will also discuss whether significant mortality improvement will continue in Asia or whether varying experience of low improvements or deterioration. 

  • Spaces available

    12.00-13.00 GMT+8

    This presentation aims to provides an overview of the reformation of current Chinese regulatory solvency regime, how industry coping with the new normal after pandemic time and how the reformation of the regulation could help the insurance industry gets back on its feet as well as coming back to the “protection” core value for the policyholders. The presentation would include:

  • Spaces available

    16.00-17.00 (GMT+8) | 09.00-10.00 (BST)

    The basic data of China’s 2nd Critical Illness Mortality Table covers 2000+ products in Chinese market, including about 340 million insurance policies and 5.1 million claimants. Presenter will give the audience a general understanding including but not limited to the following contents:

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.