Specialist Technical Exams of Actuarial Science

After the Core T echnical concepts and Core Applications exams along with a minimum of one year actuarial work experience, you become the Associate member of the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK or both. This change in designation comes with voting and other invaluable rights together with a bunch of professional responsibilities. This is also the stage at which one needs to ponder and decide where does his/her interests lie. Accordingly, they should choose the field of actuarial specialisation for them. Chiefly, there are the traditional choices of ST1 Health Insurance, ST2 Life Insurance, ST4 Employee benefits (read pensions), ST5 Finance and Investments A, ST6 Finance and Investments B, ST7 General Insurance (Reserving), ST8 General Insurance (Pricing), ST9 Enterprise Risk Management (ERM).

Health and Care
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for Health insurance. This subject covers all actuarial aspects of health insurance from income-protection to medical reimbursement. The actuarial techniques related to pricing, reserving etc. as applied to the domain of health insurance (much wider than mediclaim) are the focus of this specialist actuarial exam. You should consider picking it if you enjoyed preparing for the actuarial exams CT4 and CT5 Enroll Now

Life Insurance
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for Life insurance. This subject covers all actuarial aspects of life insurance from assurance to saving to annuities: from guaranteed benefits to discretionary benefits to unit-linked benefits. The actuarial techniques related to pricing, reserving etc. as applied to the domain of life insurance are the focus of this specialist actuarial exam.You should consider picking it if you enjoyed preparing for the actuarial exam CT5. Enroll Now

There is no ST3 now. The older ST3- General Insurance, has now been split into two papers ST7 and ST8. Enroll Now

Employee Benefits
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for Employee benefits schemes. This subject covers all actuarial aspects of Employee benefitsschemes from pensions to all new flexi-schemes. The actuarial techniques related to valuation, pricing, reserving etc as applied to the domain of Employee benefitsschemes are the focus of this specialist actuarial exam.You should consider picking it if you enjoyed preparing for the actuarial exam CT5. Enroll Now

Finance and Investments A
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for Finance and investments. This subject covers all actuarial aspects of finance and investments. The actuarial techniques related to valuation as applied to the domain of finance and investments are the focus of this specialist actuarial exam.You should consider picking it if you enjoyed preparing for the actuarial exam CT8. Enroll Now

Finance and Investments B
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for Finance and investments especially derivatives. This subject covers all actuarial aspects of a wide range of financial derivatives. The actuarial techniques related to valuation as applied to the domain of financial derivatives are the focus of this specialist actuarial exam. You should consider picking it if you enjoyed preparing for the actuarial exam CT8 and you have a knack for stochastic calculus. This is the most numerical of all ST level actuarial exams. Enroll Now

General Insurance (Reserving)
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for General Insurance. This subject covers all actuarial aspects of General Insurance reserving. The actuarial techniques related to valuation/reserving as applied to the domain of finance and investments are the focus of this specialist actuarial exam. You should consider picking it if you enjoyed preparing for the actuarial exam CT3 and CT6. Enroll Now

General Insurance (Pricing)
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for General Insurance. This subject covers all actuarial aspects of General Insurance pricing. The actuarial techniques related to modelling/pricing as applied to the domain of finance and investments are the focus of this specialist actuarial exam. You should consider picking it if you enjoyed preparing for the actuarial exam CT3 and CT6. Enroll Now

Enterprise Risk management (ERM)
This Actuarial exam should ideally be attempted by those budding actuaries who have a passion for ERM – a new and evolving field for actuarial applications. Enroll Now