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.

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 Modules 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.

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.

These modules will be replaced by the new program over the period to 1/1/2023. 

To help plan your study, refer to the Transition Arrangements.