You are here

Research Route

You can undertake some original research as an alternative to taking one of the Institute and Faculty of Actuaries' (IFoA's) Specialist Applications exams.

Your research must involve an actuarial approach to problem solving, and make an original contribution to actuarial science. The dissertation must demonstrate how the work links to relevant actuarial knowledge.

The research is expected to be of the level of MPhil or research degree and is likely to require at least two years of part-time study.

How do I apply?

You must have achieved passes in the following subjects from the former curriculum: CT1-8, CA1, CA3 and 1 ST subject before you will be accepted for the SA0 route. In the new curriculum this corresponds to passes in: CS1, CS2, CM1, CM2, CB1, CB2, CP1, CP3 and 1 SP subject. 

You need to send in a project proposal and a plan of work for a piece of original research on an actuarial topic which meets the criteria for SA0 projects discussed on this page.

The fee for SA0 is £1,340.

How does the process work?

This type of alternative assessment is resource intensive so a Board of Examiners Sub-committee will decide how many projects of this nature they can allow at any one time.

Preference will be given to projects in areas where no alternative examination is available. If your project proposal is approved we will appoint supervisors to oversee your work.

Once you have completed your dissertation we will discuss it with you, your supervisors and an independent external examiner at a viva exam. The assessment will result in one of the following:

  • pass
  • pass with minor modifications
  • re-submit after further work
  • fail.

There are key differences between this type of research project and one used to gain exemption from the Specialist Technical Subjects

  • The IFoA must be involved from the start, and agree the objectives of the research.
  • The project will test higher order skills, and have a greater length and depth of work.

Your work should be of a standard to pass peer review. This standard is one suitable for publication in refereed journals, although it is understood that some projects will be commercially sensitive.

Communication of your results will be important as well as the actuarial study. Your dissertation must contain an abstract and is likely to contain most of the following elements:

  • statement of the problem
  • literature review
  • data collection
  • analysis
  • conclusions and recommendations
  • non-technical communication of conclusions.

Contact Details

Education Services Team

education.services@actuaries.org.uk

Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD

+44 01865 268207

We aim to respond to all enquiries within two working days.

Filter or search events

Start date
E.g., 14/04/2021
End date
E.g., 14/04/2021

Events calendar

  • Spaces available

    Climate-Related Risk - This free to view webinar on Climate-Related Risk is the first in a series focusing on some of the ‘Hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA and other Regulators

  • Spaces available

    Recent decades have seen institutions, such as employers and financial services, give people more choice and flexibility, but these freedoms have come with more responsibilities. Individuals are now responsible for managing more of their own financial risks, from ensuring they put enough money into their pension to securing affordable protection to be financially resilient.

  • Actuarial Innovation in the COVID-19 era

    This event is online. 
    26 April 2021 - 7 May 2021
    Spaces available

    Join us for this brand new IFoA webinar weries comprising of a fortnight of webinars, panel sessions and a hackathon, that showcase the range of ways in which the actuarial profession has added value, in the public interest, to the understanding and management of the current and future pandemics through insight and learning.

  • Spaces available

    This event is now temporarily closed on Monday 26 April, but the session will be repeated on Tuesday 27 April, 09.00-10.30. Please click here to register your place. 

    Actuaries have a lot to offer biodiversity management over the next decade as the world develops more depth to its response to this global challenge. This sessional offers an opportunity to learn about this emergent risk, to contribute to our thinking as a profession and help us develop the next steps forward.

  • Western Europe Town Hall

    28 April 2021

    Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Western Europe Town Hall, hosted by John Taylor with IFoA Council Members Alan Rae, Jennifer Hartley, Maribel Vasquez Flores and IFoA Chief Executive, Stephen Mann.

  • Spaces available

    Sessional Meeting - Free to viewMis-estimation risk is a key element of demographic risk, and past work has focused on mis-estimation risk on a run-off basis.  However, this does not meet the requirements of regulatory regimes like Solvency II, which demands that capital requirements are set through the prism of a finite horizon like one year.  This paper presents a value-at-risk approach to mis-estimation risk suitable for Solvency II work

  • Finance & Investment Virtual Conference 2021

    Available to watch globally in May.
    10-12 May 2021
    Spaces available

    This year's Finance and Investment Virtual Conference takes on the timely theme of ‘resilience’, something we have all learnt a lot more about in the last year! Our diverse range of talks will explore the theme of resilience in a variety of ways including in building robust investment portfolios, in the incorporation of ESG factors, in govern

  • Spaces available

    IFoA Immediate Past President John Taylor would like to invite you to the Institute and Faculty of Actuaries’ (IFoA) virtual Central and Eastern Europe Town Hall, hosted by John Taylor and IFoA Chief Executive, Stephen Mann. 

  • Spaces available

    This talk will explore the potential benefits that wearable tech can bring to health & protection insurers and their customers. The traditional approach of integrating wearables into insurance has largely focused on measuring steps and using rewards-based incentive programs to encourage more activity.

  • Spaces available

    Join us for this talk with Professor Sir Adrian Smith as part of the 'Dr Patrick Poon Presidential Speaker Series'. Professor Smith joined The Alan Turing Institute as Institute Director and Chief Executive in September 2018. In November 2020, he became President of the Royal Society, in addition to his leadership of the Turing. He is also a member of the government's AI Council, which helps boost AI growth in the UK and promote its adoption and ethical use in businesses and organisations across the country. He received a knighthood in the 2011 New Year Honours list.

     

  • CILA 2021

    Available to watch globally in May.
    19-21 May 2021
    Spaces available

    We continue to live in a world of global uncertainty. Survival depends on our ability to simultaneously navigate through the diverse root-causes, ranging from: the consequences of Climate Change; on-going financial consequences of the COVID pandemic; or self-imposed changes in regulatory requirements and accounting standards.