Actuarial Science Syllabus
Table of Contents
Actuarial Science Syllabus & Subjects
For any student who wishes to be an actuary, it is important that they know the actuarial syllabus & subjects. There are several advantages to knowing the actuarial science syllabus beforehand. It will help you see if this field is what you wish to pursue. It will also give you clarity on the topics you are about to learn on the way.
But before we see the Actuarial Science Syllabus & Subjects let’s have a briefing about the course itself.
Detailed Actuarial Science Syllabus & Subjects
After checking out the important course details, it’s time you browse through the actuarial syllabus & subjects. It revolves around 5 major subjects: English, Mathematics, Statistics, Logic and Data Interpretation. The Actuarial Science Subjects are divided into 4 stages:Core Principles (7 subjects), Core Practices (3 subjects), Specialist Principles (7 optional subjects out of which any 2 compulsory), Specialist Advanced (5 optional subjects out of which 1 compulsory).
The Actuarial Science Syllabus that is certified by Institutes of Actuaries of India (IAI) is mentioned below:
| CORE PRINCIPLES | |
| CS1 | Actuarial Statistics |
| CS2 | Risk Modelling & Survival Analysis |
| CM1 | Actuarial Mathematics for Modelling |
| CM2 | Economic Modelling |
| CB1 | Business Finance |
| CB2 | Business Economics |
| CB3 | Business Management |
| CORE PRACTICES | |
| CP1 | Actuarial Practice |
| CP2 | Modelling Practice |
| CP3 | Communications Practice |
| SPECIALIST PRINCIPLES | |
| SP1 | Health & Care |
| SP2 | Life Insurance |
| SP4 | Pension and Other Benefits |
| SP5 | Investment & Finance |
| SP6 | Financial Derivatives |
| SP7 | General Insurance – Reserving & Capital Modelling |
| SP8 | General Insurance – Pricing |
| SP9 | Enterprise Risk Management |
| SPECIALIST ADVANCED | |
| SA1 | Health & Care |
| SA2 | Life Insurance |
| SA3 | General Insurance |
| SA4 | Pensions & Other Benefits |
| SA7 | Investment & Finance |
Actuarial Science Exam Pattern
Now that you are already familiar with the Actuarial Science Syllabus, let’s get a glimpse of the exam pattern. The below table will give you key details of the actuarial science exam pattern.
| Particulars | Details |
| Duration of Exam | 3 hours |
| Sections | 2 |
| Questions | 45 questions (1 marks)
20 questions (2 marks) 5 questions (3 marks) |
Conclusion
This article was written to guide you through the Actuarial Science Syllabus & Subjects. Hope you got all that you were looking for.
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FAQ's
What are the subjects of actuary?
Includes Mathematics, Statistics, Financial Economics, Insurance & Pensions, Risk Modelling, and Business Management.
Is actuary tough than CA?
Yes, actuarial exams are generally more challenging than CA because of their emphasis on high-level quantitative subjects.
Is actuarial science a difficult course?
Yes, it’s considered difficult due to rigorous mathematical, statistical training and demanding exam structure.
Who is eligible for actuarial science?
Anyone with Class 12 (with Math) or a graduate in relevant streams (BSc, BCom, Engineering, CA, etc.) is eligible.
What is the exam pattern for actuarial science?
The exam is 3 hours long with 45 one-mark, 20 two-mark, and 5 three-mark questions.