Institute and Faculty of Actuaries (IFoA) Exams Syllabus

Institute and Faculty of Actuaries (IFoA) Exams covers 7 subjects: Foundation Mathematics, Statistics and Data Science (CS1, CS2, CM1 foundations), Financial Mathematics and Actuarial Valuation (CM1, CB1), Economics, Business and Financial Engineering (CB2, CM2), Actuarial Risk Management and Modelling (CP1, CP2, CP3), Life Insurance Specialism (SP2 and SA2), General Insurance Specialism (SP7, SP8, SA3) and Pensions, Health and Investment Specialisms (SP4, SP1, SP5, SP6, SP9). Together they contain 27 chapters and 84 named topics.

The full Institute and Faculty of Actuaries (IFoA) Exams outline breaks down into 27 chapters, 84 topics and 188 sub-topics. Foundation Mathematics, Statistics and Data Science (CS1, CS2, CM1 foundations) is the largest single subject with 14 topics across 4 chapters.

Roughly 100 hours for one full pass. That estimate allows about 45 minutes per topic plus 12 minutes per sub-topic, so it is first-pass coverage — revision, past papers and mock tests sit on top of it. At 3 hours a day that is about 5 weeks.

Yes — 391 question-and-answer flashcards across 7 decks, one per subject, written against this syllabus. A sample of every deck is readable on this site for free, and the complete decks are in the Examius app.

Yes. Every page here is free to read, and importing the Institute and Faculty of Actuaries (IFoA) Exams syllabus into the Examius app to tick off topics as you finish them is free too, in United Kingdom and everywhere else. No account is needed to start.