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Actuarial Science Syllabus
For any student who wishes to be an actuary, it is important that they know the actuarial syllabus. 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 Syllabus let’s have a briefing about the course itself.
Detailed Actuarial Science Syllabus
After checking out the important course details, it’s time you browse through the actuarial syllabus. It revolves around 5 major subjects: English, Mathematics, Statistics, Logic and Data Interpretation. The Actuarial Science syllabus is divided into 4 stages: Core Technical, Core Application, Specialist Technical, and Specialist Application.
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 and Survival Analysis |
| CM1 | Actuarial Mathematics |
| CM2 | Financial Engineering and Loss Reserving |
| CB1 | Business Finance |
| CB2 | Business Economics |
| CB3 | Business Awareness |
| CORE PRACTICES | |
| CP1 | Actuarial Practice |
| CP2 | Modelling Practice |
| CP3 | Communications Practice |
| SPECIALIST PRINCIPLES | |
| SP1 | Health and Care |
| SP2 | Life Insurance |
| SP4 | Pension and Other Benefits |
| SP5 | Investment and Finance |
| SP6 | Financial Derivatives |
| SP7 | General Insurance Reserving and Capital Modelling |
| SP8 | General Insurance – Pricing |
| SPECIALIST ADVANCED | |
| SA1 | Health and Care |
| SA2 | Life Insurance |
| SA3 | General Insurance |
| SA4 | Pension and Other Benefits |
| SA7 | Investment and 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. Hope you got all that you were looking for.
In case of more doubts visit us at The Academic Junction.
