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Exam exemptions

Students of the Institute and Faculty of Actuaries can apply for examination exemptions based on recognised prior qualifications.

Current Curriculum Exemptions
The IFoA has agreements with a number of universities, professional bodies and other organisations. Holders of university awarded degrees that we do not have agreements with can also apply for exemptions from some subjects in the current curriculum. Details can be found on the webpages below.

Previous Curriculum Exemptions

If you are eligible for exemptions under the previous curriculum, you are still able to apply for exemptions against the new curriculum which came into effect from 1 January 2019. Students who are eligible for exemptions from our accredited Universities and Professional Bodies have until December 2023 to apply.

Students who hold existing passes with other Actuarial Associations have until December 2022 to submit their application. Please see webpages for more details. 

You need to be a student member of the Institute and Faculty of Actuaries (IFoA) before you can make an exemption application.

You may be eligible for an exemption if you have
Graduated from a university course that the IFoA has an accreditation or exemption agreement with See the list of universities and courses with exemptions
Exam passes/exemptions from some other international actuarial associations See the list of other actuarial associations
A qualification from another professional body that we have an agreement with See the list of other professional qualifications which may be eligible for exemptions
Non-accredited degree course: Graduated with an actuarial or numerate degree that covered the majority of IFoA syllabuses for CS1, CB1 or CB2. You can only apply for these subjects.

CS1 syllabus mapping
CB1 syllabus mapping
CB2 syllabus mapping
See how to apply for exemption via this route

Completed a postgraduate thesis or an MBA on an actuarial or financial subject See the SP0 Alternative Specialist Principle page
If you are interested in completing a piece of research as an alternative to a SA subject  See the SA0 Specialist Advanced page

We cannot tell you whether you may be eligible for exemption unless you submit an application

In each case exemption from the professional exams will depend on:

  • whether the qualification has an agreement with the IFoA
  • the scope and standard of the subjects covered by the particular exams
  • your achievement of a satisfactory level of performance. 

You can find out more in our Changes to Individual Examination Exemptions FAQs

Apply for an exemption

To apply you need to complete an exemption application form and provide supporting documentation. Visit the How to apply for an exemption page to find out more

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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.

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Events calendar

  • Spaces available

    A Trusted Profession

    This free 1 hour CPD webinar is designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020 and is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC. 

  • Fully booked.

    This event is now fully booked. To join the wait list, please register here.

    Get ready for the new CPD Scheme launching on 1 September. Join us for a discussion on what the new Scheme will look like in practice. There will be an opportunity to field questions to the IFoA Executive on how the Scheme’s requirements will affect you.

  • Asia Conference Webinar Series

    Webinars
    1 September 2020 - 24 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

    In this webinar we will provide an insight into enterprise-wide risk management in banking, showing similarities to the world of insurance as well as identifying differences. Just as insurance companies have to submit an ORSA, so bank’s have to submit their own equivalent, the Internal Capital Adequacy Assessment Process or ICAAP.

  • Examination Preparation

    Webinar
    10 September 2020

    Spaces available

    IFoA Webinar on Examination guidance for those candidates sitting Examinations in September, delivered by the Education Actuaries

  • 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.