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Table of Actuarial Society subjects and UK equivalents

1. Subjects required for completion of Associateship (AMASSA)

Students are required to complete all below components to be admitted as Associates

 

South African codes

United Kingdom codes                                           

Part A1 (Foundation Technical)

A101: Probability and Mathematical Statistics

A102: Economics

A103: Finance and Financial Reporting

CT3: Probability and Mathematical Statistics

CT7: Economics

CT2: Finance and Financial Reporting
Part A2 (Intermediate Technical)

A201: Financial Mathematics

A202: Models

A203: Contingencies

A204: Statistical Methods

A205: Financial Economics

CT1: Financial Mathematics

CT4: Models

CT5: Contingencies

CT6: Statistical Methods

CT8: Financial Economics
Part A3 (Core Principles)

A301: Actuarial Risk Management

A302: Communications

N/A

N/A

Normative Skills (New Structure):

 A400 : Core Actuarial Professional Practice**

 

N/A

Part A4 (Associateship Professionalism Skills: For Transitional Students)

A401: Business Awareness Module

A402: Model Documentation, Analysis and Reporting

A403: Associateship Work-based Skills

A404: Associateship Professionalism Course



N/A

N/A

N/A

N/A

**The Generic Practice Assessment forms part of the Normative Skills Core App.

2. Subjects required for completion of Fellowship (FASSA)

Students are required to complete all components in Parts A1, A2, A3 and two F1 and one F2.

* For Part F1, students must complete two subjects in the F101 - F106 range

  • Prerequisites for attempting the Part F1 subjects:
Knowledge and understanding of Actuarial Risk Management (A301) are fundamental for the successful completion of the F1 series subject.  The pre-requisite for the F1 series subjects is at least an FB for Actuarial Risk Management (A301), or a University pass for the equivalent subject, before a student can attempt an F1 series subject. 

* For Part F2, students must complete one subject in the F20x range and the Practice Module Assessment

Please refer to the following document for the full table structure including the Normative Skills: Curriculum structure

South African codes  United Kingdom codes 
Part A1 (Foundation Technical)

A101: Probability and Mathematical Statistics

A102: Economics

A103: Finance and Financial Reporting

CT3: Probability and Mathematical Statistics

CT7: Economics

CT2:Finance and Financial Reporting
Part A2 (Intermediate Technical)

A201: Financial Mathematics

A202: Models

A203: Contingencies

A204: Statistical Methods

A205: Financial Economics

CT1: Financial Mathematics

CT4: Models

CT5: Contingencies

CT6: Statistical Methods

CT8: Financial Economics
Part A3 (Core Principles)

A301: Actuarial Risk Management

A302: Communications

N/A

N/A
Part F1 (Fellowship Principles)

F101: Health and Care Principles

F102: Life Insurance Principles

F103: General Insurance Principles

F104: Pension and Other Benefits Principles

F105: Finance and Investment Principles

F106: Enterprise Risk Management

 

N/A

N/A

N/A

N/A

N/A

ST9: Enterprise Risk Management

Part F2 (Fellowship Applications)

F200: Research Option

F201: Health and Care Applications

F202: Life Insurance Applications

F203: General Insurance Applications

F204: Pension and Other Benefits Applications

F205: Investment Applications

F206: Banking



N/A

N/A

N/A

N/A

N/A

N/A

N/A

 Part A4 / F3 Normative Skills (New Structure)

A400 / F301: Core Actuarial Professional Practice **

 

 N/A
Part F3 (Fellowship Professionalism Skills)

A401: Business Awareness Module

A402: Model Documentation, Analysis and Reporting

F303: Fellowship Work-based Skills 

F304: Fellowship Professionalism Course


N/A

N/A

N/A

Professional Skills Course (PSC)
**The Generic Practice Assessment forms part of the Normative Skills Core App.

3. Requirements for completion of Chartered Enterprise Risk Actuary (CERA)


The CERA Enterprise Risk Management credential is the most comprehensive and rigorous globally-recognised Enterprise Risk Management (ERM) designation and is supported by 15 member associations in 14 countries worldwide, including many of the major economies.  In order to qualify with the CERA designation with the Actuarial Society of South Africa, you must meet the following requirements:


  • Complete all the requirements for either the Associateship or Fellowship of the Actuarial Society [including all the Professional Skills requirements]

  • Pass:  F106 (ST9) - Enterprise Risk Management
  • Completion of the 2 day ERM seminar (C100)


Once you have met all the above requirements, you will need to complete the Application for CERA Credential form and send it to the ASSA office, in order for the qualification to be awarded to you.

CERA - a global risk management qualification for the future, for more information refer to the global Cera website: http://www.ceraglobal.org/


Should you have any queries, please contact:

Head of Administration:  Mrs Michelle Abrahams

Email: assaadmin@actuarialsociety.org.za                           Tel:  021 509 7814