MODULES

CM1 

CM1 is the module of Actuarial Mathematics for Modelling. Lectures for CM1 start Mid-November 2024. As outlined by IFoA, "CM1 provides a grounding in the principles of actuarial modelling, focusing on deterministic models and their application to financial products. It equips the student with a knowledge of the basic principles of actuarial modelling, theories of interest rates and the mathematical techniques used to model and value cashflows which are either certain or are contingent on mortality, morbidity and/or survival. The subject includes theory and application of the ideas to real data sets using Microsoft Excel".

CS1

CS1 is the module of Actuarial Statistics. Lectures for CS1 start in January 2025. As outlined by IFoA, "CS1 provides a grounding in mathematical and statistical methods that are of relevance for actuarial work. It equips the student with knowledge of statistical distributions, methods to summarise data, the principles of statistical inference, regression models (including generalised linear models) and the fundamental concepts of Bayesian statistics.  The subject includes both theory and application of the ideas using R".

CB1

CB1 is the module of Business Finance. Lectures for CB1 start in January 2025. As outlines by IFoA, "CB1 provides the theory and application of corporate finance as well as the main elements of companies’ financial statements. Candidates will gain knowledge of corporate governance, different types of company structure, management goals and maximising shareholder wealth, traditional and new methods of raising short and long-term finance, use of leverage, growth and profitability, and mergers and acquisitions. In financial statements analysis, regulation and regulatory bodies for financial reporting, the company’s balance sheet, income, and cash flow statements, and elements of management accounting are considered".

CM2

CM2 is the module of Economic Modelling. Lectures for CM2 start Mid-November 2024. As outlined by IFoA, "CM2 provides a grounding in the principles of actuarial modelling, focusing on stochastic asset-liability models and the valuation of financial derivatives. It equips the student with a knowledge of the theories of behaviour of financial markets, measures of risk, determining reserves for a non-life insurer and price options. The subject includes theory and application of the ideas to real data sets using Excel".

CS2 is the module of Risk Modelling and Survival Analysis. It builds on CS1. Lectures for CS2 start in May 2025. As outlined by IFoA, "CS2 develops knowledge of and the ability to apply statistical methods for risk modelling, time series analysis methods, stochastic processes (especially Markov chains and Markov jump processes), survival analysis (including regression methods applied to duration data), and graduation methods  It also includes a high-level introduction to machine learning. The subject includes both theory and application of the ideas to real data sets using R".

CB2

CB2 is the module of /Business Economics. Lectures for CB2 start in January 2025. As outlined by IFoA, "CB2 introduces the main principles of economics and their application in a business context. In micro economics it covers the operation of single markets, market price and output determination, decisions made by consumers on allocating their budget and by producers on price and output, and different types of market structures and the implication of each for social welfare. In macroeconomics candidates will gain knowledge of the working of the economic system, governments’ macroeconomic objectives, unemployment, inflation, economic growth, international trade and financial systems and financial crises".

CP2

CP2 is the module of Modelling Practice. Lectures for CP2 start in Januaray 2025. As outlined by IFoA, "the core principle of CP2 is to build on material covered in earlier subjects and seeks to equip a student with more ‘rounded’ business skills and the prime emphasis is on good communication when using and presenting spreadsheet work".

SP2

SP2 is the module of Life Insurance Principles. Lectures for SP2 start in January 2025. As outlined by IFoA, "the aim of SP2 is to develop a student’s ability to apply, in simple situations, the main principles of actuarial planning and control that are relevant to the provision of life insurance business. It builds on material covered in earlier subjects and seeks to equip a student with the skills and broad working understanding of life insurance business to the level that may be required of a qualified actuary in a life insurance company".

SP7

SP7 is the module of General Insurance Reserving and Capital Modelling Principles. Lectures for SP7 start in January 2025. As outlined by IFoA, "the aim of SP7 is to instil in successful candidates the ability to apply, in simple reserving and capital modelling situations, the mathematical and economic techniques and the principles of actuarial planning and control needed for the financially-sound operation of general insurers. It builds on material covered in earlier subjects, particularly Financial Engineering and Loss Reserving CM2".

SP1

SP1 is the module of Health and Care Principles. Lectures for SP1 start in January 2025. As outlined by IFoA, "The aim of Health and Care Principles (SP1) is to develop a student’s ability to apply, in simple situations, the main principles of actuarial planning and control that are relevant to the provision of health and care business. It builds on material covered in earlier subjects and seeks to equip a student with the skills and broad working understanding of health and care business to the level that may be required of a qualified actuary in a health and care insurance company".

SP4

SP4 is the module of Pensions and Other Benefits Specialist Principles. Lectures for SP4 start in January 2025. As outlines by IFoA, "the aim of SP4 is to develop a student’s ability to apply, in simple situations, the main principles of actuarial planning and control needed for the financial management of pensions and other benefits. It builds on material covered in earlier subjects and seeks to equip a student with the skills and broad working understanding of pensions to the level that may be required of a qualified actuary working in a consultancy, insurance company, public sector body or other comparable financial institution".

SA2

SA2 is the module of Life Insurance Advanced. Lectures for SA2 start in January 2025. As outlined by IFoA, "the aim of SA2 is to develop a student’s expertise to a level that allows the successful application of knowledge of the life insurance environment and the principles of actuarial practice for life insurance business. It builds on material covered in Subject SP2 and earlier subjects and seeks to equip a student with the skills and broad working understanding of life insurance business to the level that may be required of a senior manager of a life insurance company".

SA3

SA3 is the module of General Insurance. Lectures for SA3 start in January 2025. As outlined by IFoA, "the aim of SA3 is to apply relevant actuarial principles and techniques to complex scenarios concerning the management of general insurance companies, taking into account relevant regulatory, legislative and professional requirements.Replace this text with information about you and your business or add information that will be useful for your customers.