🇬🇧 United Kingdom · Finance
Institute and Faculty of Actuaries (IFoA) Exams Syllabus
The UK actuarial professional examinations leading to Fellowship (FIA) for actuaries in insurance, pensions and risk. The full Institute and Faculty of Actuaries (IFoA) Exams syllabus: 7 subjects, 27 chapters, 84 topics and 188 sub-topics, with 391 flashcards written against it.
Institute and Faculty of Actuaries (IFoA) Exams subjects
Institute and Faculty of Actuaries (IFoA) Exams has 7 subjects. Each one is listed below with its chapters in syllabus order; open a subject for every topic and sub-topic inside them.
Foundation Mathematics, Statistics and Data Science (CS1, CS2, CM1 foundations)
- Probability and Mathematical Statistics · 4 topics
- Regression and Statistical Modelling · 3 topics
- Stochastic Processes and Time Series · 4 topics
- Survival Models and Machine Learning · 3 topics
Financial Mathematics and Actuarial Valuation (CM1, CB1)
- Theory of Interest · 3 topics
- Life Contingencies · 3 topics
- Bonds, Equities and Term Structure · 3 topics
- Corporate Finance and Financial Reporting (CB1) · 3 topics
Economics, Business and Financial Engineering (CB2, CM2)
- Microeconomics · 3 topics
- Macroeconomics · 3 topics
- Financial Economics and Asset Pricing · 3 topics
- Stochastic Modelling of Financial Markets (CM2) · 4 topics
Actuarial Risk Management and Modelling (CP1, CP2, CP3)
- The Actuarial Control Cycle · 3 topics
- Risk Identification and Management · 3 topics
- Asset-Liability Management and Investment · 3 topics
- Modelling, Communication and Professionalism (CP2 and CP3) · 3 topics
Life Insurance Specialism (SP2 and SA2)
- Life Insurance Products and Pricing · 3 topics
- Reserving and Valuation · 3 topics
- Capital Management and Solvency II for Life (SA2) · 3 topics
General Insurance Specialism (SP7, SP8, SA3)
- General Insurance Products and the Market · 3 topics
- Reserving (SP7) · 3 topics
- Pricing (SP8) · 3 topics
- Capital and UK Regulation (SA3) · 3 topics
Pensions, Health and Investment Specialisms (SP4, SP1, SP5, SP6, SP9)
- Pensions and Other Benefits (SP4) · 3 topics
- Health and Care Insurance (SP1) · 3 topics
- Investment and Finance Specialism (SP5 and SP6) · 3 topics
- Enterprise Risk Management (SP9 / CERA) · 3 topics
Institute and Faculty of Actuaries (IFoA) Exams flashcards
391 question-and-answer cards across 7 subject decks, each shown in full on its subject page.
- Foundation Mathematics, Statistics and Data Science (CS1, CS2, CM1 foundations) — 50 cards
- Financial Mathematics and Actuarial Valuation (CM1, CB1) — 57 cards
- Economics, Business and Financial Engineering (CB2, CM2) — 51 cards
- Actuarial Risk Management and Modelling (CP1, CP2, CP3) — 51 cards
- Life Insurance Specialism (SP2 and SA2) — 68 cards
- General Insurance Specialism (SP7, SP8, SA3) — 63 cards
- Pensions, Health and Investment Specialisms (SP4, SP1, SP5, SP6, SP9) — 51 cards
Institute and Faculty of Actuaries (IFoA) Exams syllabus FAQ
What subjects are in the 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).
How many chapters and topics are in the Institute and Faculty of Actuaries (IFoA) Exams syllabus?
27 chapters and 84 topics, broken down further into 188 sub-topics, across 7 subjects. Foundation Mathematics, Statistics and Data Science (CS1, CS2, CM1 foundations) is the largest subject, with 14 topics in 4 chapters.
Are there Institute and Faculty of Actuaries (IFoA) Exams flashcards?
Yes — 391 question-and-answer flashcards in 7 subject decks. Each deck is printed in full on its subject page here, and the same cards are in the Examius app with spaced repetition. The free plan covers one exam of your choice, including its flashcards; Examius Pro, a one-time purchase, unlocks every other exam and deck.
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