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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

Member Services Team

memberservices@actuaries.org.uk

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

+44 1865 268207

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

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E.g., 24/10/2021
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Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Spaces available

    This is a free webinar with an expert panel providing their views on the ongoing IFoA consultation for proposals regarding changes to the regulatory framework on climate change and sustainability.

    The regulatory consultation sets out, for feedback some proposed approaches that the IFoA are considering in relation to charter commitments under the UK’s Green Finance Education Charter (GFEC) and the regulatory framework, including the Actuaries’ Code.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.