Subjects and Syllabus

The table below sets out the requirements for the existing Part III Program and the new Fellowship Program.

GROUP A

GROUP B

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PART III PROGRAM


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.

FELLOWSHIP PROGRAM


The new Fellowship Program comprises three half-year modules delivered in an online format. Students can choose from 11 subject options within three modules depending on their chosen area of specialisation.  

There are four options available for Module 1:
  • LIRV - Life Insurance and Retirement Valuation;
  • GHIV - General and Health Insurance Valuation;
  • INV - Investments; or
  • ERM - Enterprise Risk Management.
There are four options available for Module 2:
  • LIRPD - Life Insurance and Retirement Product Development;
  • GHIV - General and Health Insurance Product Development;
  • BANK - Banking; or
  • ERM - Enterprise Risk Management.
In Module 3, students can complete one of the following subjects after the completion of Module 1 and 2.
  • LIA - Life Insurance Applications;
  • GHIA - General and Health Insurance Applications;
  • RA - Retirement Applications
  • DAA - Data Analytics Applications; or
  • CAP - Commercial Actuarial Practice (until 2022).