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Exemptions for students of the Actuarial Society of South Africa

If you have passed some of the Actuarial Society of South Africa (ASSA) exams we can grant exemptions from some of our subjects

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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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.