The Profession

The Profession

The Actuarial profession offers accreditation under two schemes. The Institute and Faculty of Actuaries of the UK and The Society of Actuaries & Casualty Actuarial Society of USA

The profession’s code of conduct demands the highest standards of personal integrity from its members

The subjects under the British scheme which a student must take in preparing for the actuarial examinations are:

101 Statistical Modelling 108 Finance and Financial Reporting

102 Financial Mathematics 109 Financial Economics

103 Stochastic Modelling 201 Communications

104 Survival Models 301 Investment and Asset Management

105 Actuarial Mathematics 1 302 Life Insurance

106 Actuarial Mathematics 2 303 General Insurance

107 Economics 304 Pensions and Other Benefits

305 Investment and Finance

* Students only take one 400 series subject.

click here for a copy of the British syllabus

Under the American system the subjects which a student must take in preparing for the actuarial examinations are:

Course 1 Mathematical Foundations of Actuarial Science

Course 2 Interest Theory, Economics and Finance

Course 3 Actuarial Models

Course 4 Actuarial Modeling

Course 5 Application of Basic Actuarial Principles

Course 6 Finance and Investments

Course 7 Applied Modeling

Course 8 Advanced Specialized Actuarial Practice*

* Candidates must choose one of the following:

click here for a copy of the syllabus.