2019 changes to SA3

The following gives a brief summary of the main changes to the Subject SA3 course for 2019. There will not be a CMP Upgrade for 2019 as the changes are far too numerous to document effectively. We are not expecting the 'style' of the Subject SA3 exam to change.

1) References to UK-specific legislation and taxation have been cut back in many places, although new generic legislation has been added covering, for example, consumer protection.
2) Coverage of catastrophe models has been expanded.
3) Coverage of latent claims has been expanded to include other emerging risks such as cyber risk and terrorism.
4) Coverage of certain types of accounts has been cut back, although there is now extensive coverage of IFRS 17.
5) Schemes of arrangement have been removed.
6) 'Problem solving' has been re-written, although the underlying principles are unchanged. The further reading list has been changed.