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General Insurance Reserving and Capital Modelling Principles (SP7)

Specialist Principles

The aim of General Insurance Reserving and Capital Modelling Principles (SP7) is to instil in successful candidates the ability to apply, in simple reserving and capital modelling situations, the mathematical and economic techniques and the principles of actuarial planning and control needed for the financially-sound operation of general insurers.

It builds on material covered in earlier subjects, particularly Financial Engineering and Loss Reserving CM2.

General Insurance Reserving and Capital Modelling Principles (SP7) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).

Resources for SP7

From September 2021, an additional 5 minutes has been added to each paper to allow for candidates to download or print, if required, their exam paper.

Past papers and examiners reports for SP7 

Exam format:
3 hours and 20 minutes computer-based exams (Word)
Recommended study hours: