From 1 January 2020, for applications via this route, your degree awarding date cannot be older than 5 years from the date of when you submit your exemption application.
From 1 January 2019, you can only apply via this route for CS1, CB1 and CB2. Please note we cannot grant exemptions from the following subjects: CM1, CM2, CS2 or CB3.
How do I apply?
You will need to demonstrate that your degree covered the IFoA subjects that you wish to apply for exemptions from.
To do this, you will need to provide the following information:
- A certified copy of your official full university transcript which should include marks for all modules taken in each academic year of the degree.
- A certified copy of your university degree certificate which is received after graduating.
- A copy of the official mapping syllabus of the Institute and Faculty of Actuaries for each subject applied for indicating where this has been covered in your university syllabus. We can only accept notes on a printout of our official mapping syllabus, which can be downloaded from our website. If your copy of our syllabus has been typed or written by the applicant, the exemption application will be returned.
- An official copy of your university syllabus from the time period of your study.
- Details of the assessment methods for your degree, including exam papers or confirmation of exam duration from your university.
- Documents (transcripts, degree certificate, exam papers, syllabus etc) in any other language than English must be accompanied by certified English translations.
You must include all the documents listed above to show that you have achieved the required standards in those parts of the degree course that cover the key objectives of the Institute and Faculty exams that you are applying for exemption from.
NOTE: Please provide certified copies of your documentation. We cannot accept responsibility for loss of your original documents.
What happens next?
We will review whether your degree covered enough of the IFoA syllabus(es) and check whether your marks were high enough.
We will then inform you in writing of the outcome of your exemption application.
- 29 June 2020
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Education Services Team
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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.
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.
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.
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.
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.
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.
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.
IFoA Webinar on Examination guidance for those candidates sitting Examinations in September, delivered by the Education Actuaries
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.