Module 1

There are eight options available for Module 1 for Part III:

Course C7A - Enterprise Risk Management

Provider Institute and Faculty of Actuaries and Actuaries Institute
Delivery Workshop, online discussion forum and study materials 
(No tutorials)
Learning Materials Textbook and course materials are available from ActEd (UK)
(Not included in enrolment fee)
Duration One semester (15 weeks)
Assessment UK SP9 Examination (100%)
ASIC RG146 Course C7A – Enterprise Risk Management is not registered for ASIC RG146
Syllabus Course C7A Enterprise Risk Management Syllabus

Any Part A (Module 2) or Part B (Module 3) Course

Any additional Part A (Module 2) or Part B (Module 3) subject can also be completed to satisfy the requirements of Module 1, including:

Course 2A – Life Insurance
Course 3A – General Insurance
Course 5A – Investment Management and Finance
Course 6A – Global Retirement Income Systems
Course 2B – Life Insurance
Course 3B – General Insurance
Course 5B – Investment Management and Finance
Course 6B – Global Retirement Income Systems

Relevant PhDs

Relevant PhDs by thesis from recognised universities may be considered for Module 1. Relevant areas include:

  • actuarial studies;
  • statistics;
  • economics; and
  • finance or other finance-related disciplines.

Students will need to complete an Application for Recognition of PhD and include evidence of the qualification gained, a contact for verification, and a synopsis of their thesis. Applications will be assessed by the Institute’s Education Council Committee (ECC). ECC meetings are usually held in February, May, August and October.

Accountancy Qualifications

Certified Practicing Accountants (CPAs), as determined by CPA Australia; or Chartered Accountants (CAs,) as determined by the Institute of Chartered Accountants; (or overseas equivalents) are recognised for Module 1. Students will need to complete an Application for Recognition of Accountancy Qualification and include evidence of the qualification gained and a contact from their professional association for verification.

CFA Charter Holder Qualification

Certified Financial Analyst (CFA) Charter Holder qualifications are recognised for Module 1. Students will need to complete an Application for Recognition of CFA Charter Holder Qualification and include evidence of their qualification and a contact for verification.

UK SP1 Health and Care Examination

Students must also complete the online Private Health Insurance Course to satisfy the requirements for Part III Module 1.

Provider Institute and Faculty of Actuaries and Actuaries Institute
Delivery Independent study
(No tutorials or online study)
Learning Materials Textbook and course materials are available from ActEd (UK)
(Not included in enrolment fee)
Duration One semester (15 weeks)
Assessment UK SP1 Examination (100%)
ASIC RG146 This course is not registered for ASIC RG146
Syllabus UK SP1 Health and Care Examination Syllabus

LIRV - Life Insurance and Retirement Valuation

Provider Institute and Faculty of Actuaries and Actuaries Institute
Delivery Online study + weekly tutorials/videos
Learning Materials A printed version of the textbook is available from the Bookshop
(Not included in enrolment fee)
Digital versions of textbook are available free for enrolled members in the Institute's Learning Management System
Duration One semester (15 weeks)
Assessment Assignment (20%) and a three-hour computer-based examination consisting of Long Answer Questions (80%)
Syllabus LIRV – Life Insurance and Retirement Valuation Syllabus

Course 1 Investments

This course is no longer offered but will continue to be recognised for Module 1.