Subjects and Syllabus

FELLOWSHIP PROGRAM


The Fellowship Program comprises three half-year modules delivered in an online format. Students complete three subjects, one from each Module. Under the Transition Arrangements some Part III subjects can count as modules for the new Fellowship Program.

 Module 1: There are four options available
  • LIRV - Life Insurance and Retirement Valuation;
  • GHIV - General and Health Insurance Valuation;
  • INV - Investments; or
  • ERM - Enterprise Risk Management.
Module 2: There are four options available
  • LIRPD - Life Insurance and Retirement Product Development;
  • GHIPD - General and Health Insurance Product Development;
  • BANK - Banking; or
  • ERM - Enterprise Risk Management.
Module 3: Students can complete one of the following subjects after they have completed or attempted Module 1 and 2. Note there may be prerequisites for some Module 3 subjects.

PART III PROGRAM

Some students will continue to study the Part III Program, which will be transitioned out by 1 January 2023. Under this program students were required to complete four Modules, as set out below.

Students should refer to the Transition Arrangements and to the Phased Introduction of New Fellowship Program Subjects.

There are eight options available for Module 1:

  • Course 7A - Enterprise Risk Management;
  • any Part A (Module 2) or Part B (Module 3) course;
  • a PhD in a relevant area;
  • accountancy qualifications recognised by CPA Australia or the Institute of Chartered Accounts (or overseas equivalents);
  • Certified Financial Analyst (CFA) Charter Holder qualifications;
  • the Institute and Faculty of Actuaries’ ST1 Health and Care Examination and the Actuaries Institute's online Private Health Insurance course;
  • the Actuarial Society of South Africa's F101 Health Fellowship Principles Examination and the Actuaries Institute's online Private Health Insurance course; or
  • Course 1 Investments.

In Module 2 and Module 3, students choose to complete their study in one specialist area of practice:

  • Life insurance;
  • General insurance;
  • Global retirement income systems; or
  • Investment management and finance.

In Module 4, Course 10 - Commercial Actuarial Practice is compulsory and comprises a four-day residential course and an eight-hour computer-based assessment.

Students should refer to the Transition Arrangements.

To help plan your study, refer to the Transition Arrangements and to Phased Introduction of New Fellowship Program Subjects.