Actuarial Society of South Africa - 2020 Exams

2020 Exams

Details of the 2020 curriculum can be found on the Society’s website.

South African students should not order 2020 CM1 material, instead students should order A211 (Financial Mathematics) and/or A213 (Contingencies). Students with 2019 material can continue to use it for 2020, but should ignore Chapter 1 of A211, Data analysis.

Students should not use their A311 2019 materials, instead students should order the new A311 2020 materials, these materials can be ordered at a reduced price if you have previously purchased A311.

If you are studying other Part A1 or Part A2 exams then you should use the material for the equivalent UK subject. The subject mapping can be found on the Society’s website.

Combined Material Packs are now available to purchase for Subjects N211, F101-F105, A211, A213 and A311 on our online store.

If you are planning on sitting Subject F106 then please use the UK's Subject SP9 material.

All Actuarial Society of South Africa F200 Notes should be purchased through the local ASSA Web Shop which you can access through http://shop.actuarialsociety.org.za. If you have any queries, please contact the ASSA Administration Office at : orders@actuarialsociety.org.za


2020 prices are:

Study materials

In the box below you may need to use the scrollbar (scroll thumb) to move the table to the appropriate location to view the information.
Prices are quoted per individual subject and exclude VAT, which will be added where indicated. Prices shown are in GBP.
A211
A213
A311
F101
F102
F103
F105
F104
N211
Combined Materials Pack
105
157
420
241
180
73
Course Notes
60
90
-
-
-
-
Paper B Online Resources (VAT will be added to orders from within the EU and South Africa)
-
53
-
-
-
-
Retaker prices
Retaker price Combined Materials Pack
50
103
65
65
49
33
Retaker price Course Notes
30
30
-
-
-
-
Retaker prices - eBooks
Retaker price Combined Materials Pack eBook
23
76
23
23
23
23
Retaker price Course Notes eBook
23
23
-
-
-
-

Notes

Please be aware that the above prices exclude despatch charges which may also apply.

Prices of printed CMPs/Course Notes and eBooks are the same except that VAT is added for orders of eBooks from within the EU and South Africa. If the eBook is ordered in addition to the paper product, the additional charge is £23 + VAT for each subject.


Study Guides

Study Guides contain all the information that you will need before starting to study. We recommend that you download the Study Guide before reading the Course Notes, even if you have studied for some actuarial exams before.

Study Guides - 2020 exams


Retaking F100 Series Subjects or N211

F101, F104 and N211 have not changed so students can use their 2019 materials.
CMP Upgrades are available for subjects F102, F103 and F105 to convert 2019 material to make it suitable for 2020.


Corrections

Download A311 Corrections Document updated 27 February 2020


Revision materials for students studying the F100 series exams

Students who are studying for the F100 series may consider using the UK revision materials that are available for the equivalent UK SP series subjects. However, please read the following guidance, in conjunction with that given in the F100 series Study Guide.

F101

You can use Subject SP1 revision materials, however these include the Income Protection insurance product which is not covered in Subject F101. The revision materials for Subject SP1 are always based on the latest Core Reading from the UK Institute and Faculty of Actuaries. The material for Subject F101 is based on Core Reading for its predecessor, Subject ST1, that is now a few years old and so there will be some differences in the content of the courses.

There is also additional material in Subject F101 not covered in Subject SP1. In particular Chapter 10 (Risk adjustment), Chapter 18 (Generalised linear modelling) and Chapter 27 (Managed Care) are not covered in Subject SP1.

F102

Subject F102 contains largely the same material as the UK Subject SP2 (which covers insurance products contingent on human life). Subject F102 also contains some material covered by the UK Subject SP1 (which covers insurance products contingent on human health). The revision products for the UK Subject SP2 would give good coverage of the Subject F102 syllabus for insurance products contingent on human life.

F103

Subjects SP7 and SP8 in the UK are, when combined, broadly equivalent to Subject F103. Therefore you should find the revision products for Subjects SP7 and SP8 useful. Bear in mind however that while there is a close correspondence between the South African and UK course material, Subjects SP7 and SP8 tend to go into more depth than F103 particularly for the more technical content, and at times they also refer to UK-specific issues.

F104

Subject F104 is not based directly on Subject SP4 and so our Subject SP4 revision materials are unlikely to be suitable for Subject F104.

F105

You can use Subject SP5 revision materials to help you prepare for the Subject F105 exam, however there are some differences in the courses.

Subject SP5 includes some material which is not in Subject F105. For example, Subject SP5 goes into more detail on behavioural finance than Subject F105 and also contains material on European Union legislation and portfolio theory.

There is also material in Subject F105 that is not in Subject SP5. For example, Subject F105 contains material on risk-free returns, asset-liability modelling, corporate finance, agency theory, mergers and acquisitions and South African equity and bond indices. In addition, the whole of the Subject F105 Course Notes (whether ActEd text or Core Reading) is examinable. Only Core Reading is examinable in the exams of the (UK) Institute and Faculty of Actuaries.


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