Actuary Program
Expand your technical skills and learn what it takes to be a professional actuary. Graduating as an Associate (AIAA) means you’ll be a trusted business advisor, familiar with the actuarial control cycle, and an effective communicator.
Overview
You’ll study four Actuary Program subjects; two at an accredited university and two online with us. At the same time, you’ll also complete a year of practical experience. We offer two 16-week semesters annually, with all teaching and assessments online. You'll be taught by our dedicated educators, with tutorials and guest speaker presentations delivered live and on-demand.
It takes one year on average to complete the final two subjects of the Actuary Program [Communication, Modelling and Professionalism (CMP) and Asset Liability Management (ALM)].
You must have attempted the Foundation Program, the Actuarial Control Cycle (ACC) and the Data Science Principles (DSP) subject before studying the rest of the Actuary Program with us. However, you won’t be awarded the Actuary designation until you’ve passed your required subjects.
To enrol, you need to become a General Member and enrol directly with us. Enrolment for semester two is open from June each year.
After you complete the Foundation and Actuary Programs, and practical experience requirement, you're eligible for the Associate (AIAA) designation.
Newly qualified Associates hold roles like:
- Senior Data Analyst
- Senior Consultant
- Actuary, Climate Analytics
- Superannuation Product Analyst
Experienced Associates hold roles such as:
- Lead, Risk Intelligence Insights
- Executive Manager, Commercial Insurance
- Manager Product and Innovation
After achieving the Associate designation, you can continue your studies and practical experience with the Fellowship Program. This program adds depth and specialisation and provides you the Fellow designation.
Core subjects
Two subjects at university and two studied with us:
Actuarial Control Cycle (ACC)
Study at an accredited university
Data Science Principles (DSP)
Study at an accredited university
Communication, Modelling and Professionalism (CMP)
Study with us
Asset Liability Management (ALM)
Study with us
Subject syllabuses
Browse all Actuary Program subjects and syllabuses.
You will learn to:
- Apply the actuarial control cycle and actuarial principles to a range of commercial situations.
- Analyse features and risks of financial products.
- Apply risk assessment frameworks, valuation and pricing techniques.
- Monitor, assess and respond to emerging experience.
For information about Actuary Program subject exemptions and how to apply for them, visit the exemptions page.
You will learn to:
- Prepare and understand data.
- Select and apply predictive analytics techniques to solve regression and classification problems.
- Evaluate and compare performance of different models.
- Contribute to all stages of a data science project across multiple industries or domains.
For information about Actuary Program subject exemptions and how to apply for them, visit the exemptions page.
You will learn to:
- Communicate with a range of audiences.
- Deliver effective written reports and oral presentations.
- Design, check and communicate a well-constructed model.
- Apply professionalism and ethics in decision making processes.
Prerequisites: Actuarial Control Cycle (ACC) and Data Science Principles (DSP).
You will learn to:
- Discuss the characteristics of the principal investment classes and valuation assumptions.
- Explain the operation of capital and money markets.
- Critique theories of investment market behaviour.
- Apply the principles of the asset liability management framework.
It is recommended to attempt ACC before ALM.
Assessments
Past assessments for members
As a member, you can access past assignments and exam papers to practice and test your knowledge. Get ahead in your program with these helpful resources.
Program fees
Actuary Program feesIncludes subject fees and printed subject materials costs. Please note you must become a General Member before you enrol. | 2025 subject fees$3,500 AUD per subject Enquire now | Printed subject materialsOptional — $265 AUD | General Member feeFrom $180 AUD/year Become a member |
|---|---|---|---|
| Communication, Modelling and Professionalism (CMP) subject | $3,500 AUD | $265 AUD (GST exempt) | — |
| Asset and Liability Management (ALM) subject | $3,500 AUD | $265 AUD (GST exempt) | — |
| Actuarial Control Cycle (AAC) and Data Science Principles (DSP) subjects | Delivered while you’re studying at an accredited university. Contact the universities for the course fee. | — | — |
| Exemptions | $300 AUD per subject | — | — |
Please note: all fees need to be paid prior to the enrolment close date and we do not accept late enrolments. When you enrol, it’s assumed that you have agreed to, and understood, the enrolment terms and conditions . Please contact us if you have any questions.
Qualifying countries fee relief
The Actuaries Institute offers students in qualifying countries financial relief from Actuary Program enrolment fees for Actuaries Institute developed subjects. To qualify for fee relief students must:
- Be a current full-time resident of, and working in, a qualified country.
- Be personally paying for the course fees and not being reimbursed.
- Have their salary paid in the local currency.
Students who qualify for fee relief pay 50% of the scheduled enrolment fee for an Actuary Program subject. To apply for Actuary Program Fee Relief , students should submit an Application for Actuary Program Fee Relief prior to enrolling in Actuary Program subjects. Find out which countries qualify for fee relief here .
Actuary Program dates
Please note exam dates cannot be moved.
| Date | Action |
| 16 December 2024 – 20 January 2025 | Enrolment period |
| 20 January | Semester begins |
| 22 January | Orientation Session |
| 27 June | Results released |
| Date | Exam |
| 10 March | Assignment due |
| 14 April | Assignments Results |
| Date | Action |
| 22 April | Communications Modelling and Professionalism |
| 24 April | Communications Modelling and Professionalism |
| 24 April | Asset and Liability Management Exam |
| Date | Action |
| 10 June – 7 July | Enrolment period for Actuary and Fellowship programs |
| 7 July | Semester begins |
| 9 July | Orientation Session |
| 12 December | Results released |
| Date | Action |
| 25 August | Assignment Due – excluding Data Science Applications |
| 25 September | Assignments Results Released |
| 3 October | Data Science Applications Assignment Due |
| Date | Action |
| 7 October | Communications Modelling and Professionalism |
| 10 October | Communications Modelling and Professionalism |
| 10 October | Asset and Liability Management Exam |
| 13 October | General Insurance and Health Pricing and Portfolio Analytics Exam |
| 14 October | Life Insurance and Retirement Product Development Exam |
| 15 October | Data Science Applications Exam |
| 16 October | General Insurance Applications Exam |
| 16 October | Life Insurance Applications Exam |
| 17 October | Investment Exam |
Results and pass lists
Explore results and pass lists for all our qualification programs.
Key forms
Important forms you may need for the Actuary Program.
Further actuarial study and exemptions
If you’ve done any prior actuarial study before studying a qualification program with us, you may be eligible to claim exemptions. Exemptions show you’ve already completed certain parts of our programs.
After achieving the Associate designation, you can opt to continue your studies with the Fellowship Program . This program adds depth and specialisation and provides you the Fellow designation.
Are you a risk actuary? Add to your skillset by choosing Enterprise Risk Management (ERM) as your principles subject for the Fellowship Program to attain the CERA designation .
Ready for the next step in your qualification journey?
We are the professional education providers of actuarial qualification programs in Australia. Your journey to qualification, innovation and growth starts with us.
