Applications from individuals from other actuarial associations that we have agreements with, for subjects passed before December 2018 will be considered. Individuals will have until December 2023 to claim their exemption. Examinations sat after December 2018 will be subject to further discussions with those associations. Further details will be released shortly, but in the first instance you should make contact with your own actuarial association.
If you have passed an ASSA A1, A2, A3 or A4 exam then you can apply for exemptions from some of our exams:
| South African exams | IFoA Fellowship exemptions | |
|---|---|---|
| Part A1 (Foundation Technical) | A101: Probability and Mathematical Statistics A102: Economics A103: Finance and Financial Reporting |
CT3: Probability and Mathematical Statistics CT7: Business Economics CT2: Finance and Financial Reporting |
| Part A2 (Intermediate Technical) | A201: Financial Mathematics A202: Models A203: Contingencies A204: Statistical Methods A205: Financial Economics |
CT1: Financial Mathematics CT4: Models CT5: Contingencies CT6: Statistical Methods CT8: Financial Economics |
| Part A3 (Core Principles) | A301: Actuarial Risk Management (passed before 1 April 2016) |
CA1: Actuarial Risk Management |
| Part A4 (Associateship Professionalism Skills) | A401: Business Awareness Module | CT9: Business Awareness |
If you have completed a degree course with a South African university that is accredited by the Actuarial Society of South Africa (ASSA), and have had exemptions confirmed by ASSA you can apply for exemptions from our CT1-8 and CA1 exams. Any CA1 university pass awarded after 1 April 2016 will not be considered for an exemption.
CA2 Model Documentation, Analysis and Reporting
If you passed A402 Model Documentation, Analysis and Reporting with ASSA before 1 March 2015, you can apply for exemption from our CA2 exam.
We cannot grant an exemption from CA2 if you passed the A402 Model Documentation, Analysis and Reporting exam after 1 March 2015. This is because the structure of our CA2 exam changed significantly in March 2015.
CA3 Communications
We cannot grant an exemption from CA3 Communications if you have passed the A302 Communications exam. This is because the structure of our CA3 exam changed significantly in April 2010.
ST Subjects
ASSA and IFoA students need to pass the ST and SA exams with one of the 2 organisations. If you have exam passes or exemptions from one body at ST and SA level but wish to qualify as a Fellow with the other body, those passes will not be recognised and you will need to retake the appropriate exams or apply under Mutual Recognition if appropriate.
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General information and practical advice that will be useful in your studies
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
We aim to respond to all enquiries within two working days.
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Events calendar
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Implications of 2019 IFRS 17 Exposure Draft
Staple Inn Hall, High Holborn, London, WC1V 7QJ24 July 2019The International Accounting Standards Board (IASB) recently published an Exposure Draft (ED) of limited changes to its insurance contracts standard IFRS 17, effective date 2022.
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Insurance Investment Roundtable with the IFoA & PRA - 25 July 2019
EY Offices 1 More London Place London, SE1 2AF25 July 2019The IFoA hosts regular roundtable meetings with the PRA on best practice in insurance investment and the application of the Prudent Person Principle, which governs insurance investment under Solvency II.
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NOCA event - IFRS17 methodology selection, consistency and impacts
N/A26 July 2019Presenter: Rahul Verma
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NoCA Event - Periodic Payment Orders (PPOs): the most extreme life risks are in non-life companies
N/A30 August 2019Presenter Matt Modisett
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SIAS Event: Climate Zero to Climate Hero
Staple Inn Hall, High Holborn, London, WC1V 7QJ3 September 2019 - 4 September 2019An introductory session to help you get ahead with climate change.
- Science, terminology and initiatives: handy facts to keep in your back pocket
- Getting your point across: how to influence people and avoid common traps and pitfalls
- Taking action: what are actuaries expected to do...and what are we actually doing?
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KSS event – The Regulatory Perspective
Deloitte Saltire Court 20 Castle Terrace Edinburgh EH1 2EG5 September 2019This KSS talk, presented by the FCA Head of Department in Scotland, will focus on the following 3 main areas:
- FCA business plan priorities
- The future of regulation
- FCA Engagement in Scotland
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Sessional Research Event - Risk Margin Working Party
Staple Inn Hall, High Holborn London, WC1V 7QJ9 September 2019For life insurers in the UK, the risk margin is one of the most controversial aspects of the Solvency II regime. Following its implementation, the risk margin came under considerable criticism for being too large and too sensitive to interest rate movements. These criticisms are particularly valid for annuity business – such business is of great significance to the national system for retirement provision. This criticism has led to political interest, and the risk margin was a major element of the Treasury Committee inquiry into Solvency II.
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GIRO Conference 2019
EICC, The Exchange, 150 Morrison St, Edinburgh EH3 8EE24-26 September 2019
GIRO is attended annually by over 800 delegates and speakers who are keen to discuss key topics such as Pricing, Reserving, Modelling and the future of the insurance industry. GIRO 2018 was a huge success and we have opened bookings early for what we hope will be another brilliant conference at the EICC in Edinburgh this year. -
NOCA event - Discount Process Is The Problem
N/A27 September 2019Presenter Jon Spain
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The Future of the Actuarial Profession
Staple Inn Hall, High Holborn London WC1V 7QJ3 October 2019Three actuaries – and CEOs – discuss their views on how the business world is changing and what that might mean for actuaries in the future.
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Sessional: Applying Actuarial Theory and Techniques in Non-Traditional Areas - A ‘Green’ Case Study
9 Queen St, Edinburgh EH2 1JQ7 October 2019Have you ever thought about working in wider fields? Would you like to play a role in the fight against climate change to make the planet better?
It can be difficult to do this - but seeing an example you can follow can make it more realistic. In this ‘green’ case study a template is outlined to show how actuaries can apply their skills more broadly - and in doing so, to make a difference.
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Sessional Meeting - Autonomous Vehicles and impacts on the wider insurance industry
Staple Inn, High Holborn, London WC1V 7QJ28 October 2019The Institute and Faculty of Actuaries is running a sessional meeting on autonomous vehicles on 28th October. The session will showcase the work of the IFoA “Autonomous Vehicles” working party alongside a number of expert external presenters.
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Life Conference 2019
The Convention Centre Dublin, Spencer Dock, North Wall Quay, Dublin 120-22 November 2019The Life Conference is the premier event for professionals interested in life insurance. Offering a wide range of workshops and plenary sessions it’s the perfect opportunity to discover what’s hot and current in life insurance ensuring you get up to date on the latest thinking and innovation whilst meeting and exchanging ideas with a broad range of professionals. -
Autumn Lecture 2019, London - Rt Hon Nicky Morgan MP
Lincoln's Inn The Treasury Office, London WC2A 3TL2 December 2019The IFoA is pleased to announce that this year’s Autumn Lecture will feature the Rt Hon Nicky Morgan MP as its guest speaker. Nicky has previously served as Financial Secretary to the Treasury and Minister for Women. She now chairs the Treasury Select Committee whose remit is to examine the expenditure, administration and policy of HM Treasury, along with all of its agencies and associated bodies. -
Autumn Lecture 2019: Live Streaming
Webinar2 December 2019Watch the live stream of this year's Autumn Lecture with guest speaker Rt Hon Nicky Morgan MP.