Tracks.

[Hacktuary85]

Hi everyone,

I am trying to find out which qualifying rutes are, and which exams are needed for each track.

For exemple, it seems logical that for a GI track, the exams would be:

Subject ST8 - General insurance: pricing
Subject ST7 - General insurance: reserving and capital modelling
Subject SA3 - General insurance

But, how would it be for a life insurance track?

Subject ST2 - Life insurance

(maybe a finance one)
Subject SA2 - Life insurance
??

And for Pensions?

In which track does Subject ST9 - Enterprise risk management fit in?


Is there any document that explains the different exam combinations?

Thnaks!!

 

[John Lee]

But, how would it be for a life insurance track?

Subject ST2 - Life insurance

(maybe a finance one)
Subject SA2 - Life insurance

Yes - many go for ST5.

And for Pensions?

ST4, SA4 and another ST.

In which track does Subject ST9 - Enterprise risk management fit in?

Probably fits with corporate stuff, eg ST5, SA5.

Is there any document that explains the different exam combinations?

Probably, but couldn't tell you where...

 

[Bodhisattva]

Tracks

I've seen work colleagues of mine take various combinations, including the following:

General insurance
ST7, ST8, SA3 (for 'old school' actuarial work, i.e. pricing and reserving)
ST7, ST9, SA3 (for actuarial work with more of a risk flavour, e.g. a capital modelling bias)

Life insurance
ST2, ST5, SA2 (for a life only specialist)
ST2, ST1, SA2 (life and health often go together)

Pensions
ST4, ST5, SA4 (ST5 to cover the asset side of pensions)

Investment/valuations
ST5, ST6, SA5 (I imagine you could do SA6 instead)

Non-specific
ST5, ST9, SA5 (as John mentioned)

You ask about where ST9 fits. It could be useful if you want to veer more towards risk management instead of the more traditional actuarial work. This seems to be one of the most common reasons that my colleagues have given for sitting this subject (along with getting more letters after your name!)

This list isn't exhaustive or authoritative, it's just what I have seen people take in practice. Other combinations are of course possible, although your employer may take a view on what they would prefer to see you take.

Hope this helps.