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A great analogy to successfully completing a subject in the Actuary and Fellowship program is to run a marathon.
Pace yourself: Work through the materials steadily. Don't burn yourself out too earlier and don't rely on cramming just before exams.
Practice, practice, practice: You don't prepare for a marathon by watching others run nor do you prepare by reading about people running. The only way to prepare is to practice. This means reflecting on the material you've been given, developing your writing skills and fine-tuning your articulation abilities to demonstrate your reasoning, completing the exercises and as many past exam questions (under exam conditions) as you can.
Ensuring that you're race fit: Take care of your mental and physical health by taking breaks, exercising and eating right.
Be race ready: Complete ALL registration requirements and ensure your notes and equipment is ready for the exam.
One of the key principles for Actuary and Fellowship professional education is that the formal assessments must provide an expectation that a well-prepared student will reach the pass standard.
This means a student that has read and understood the subject materials engages with the discussion forums and tutorials and sufficiently practiced past exams will be able to communicate their understanding and pass the subject.
To support student success, the Institute has structured the delivery of the Actuary and Fellowship subjects through a mixture of online readings, video resources (topical deep-dives and industry-relevant talks), weekly in-depth tutorials with invited industry specialists, and discussion forums to share further questions and insights.
As the Education Team works to improve content and delivery continuously, one of the aspects we monitor is student engagement. Analysis of the General Insurance & Health Pricing and Portfolio Analytics (GIHPPA) Fellowship subject over 2022 Semester 2 has revealed the value of active student participation.
This subject has one of the largest student cohorts amongst the Actuary and Fellowship programs, with 170 students enrolled in the most recent semester. Analysis has shown:
The Institute Team is working to continuously improve the education program to meet the changing needs of our clients and our communities while placing an emphasis on the student's learning journey.
If you have any questions or feedback, please reach out to the Education Team .