Specialist Advanced
Aim of this subject
The aim of Subject SA1 is to apply the main principles that are relevant to the provision of health and care benefits to complex scenarios concerning the management of health and care insurance companies, allowing for relevant regulatory, legislative and professional requirements, and the business environment in which the health and care business is sold.
Context within the wider curriculum
Fellowship Qualification - Subject SA1 builds on principles and knowledge which are introduced in Subject SP1, covering more complex scenarios than those considered in SP1.
Assessment
The Subject SA1 assessment is a timed online exam, which is 3 hours and 20 minutes.
How to study Subject SA1
ActEd's Combined Materials Pack (CMP) is our essential package for studying Subject SA1 efficiently and effectively. It includes the Course Notes, assignments, and a mock exam, as well as access to the 'Studying Subject SA1' course in our virtual learning environment, The Hub. The pack spans across all the main phases of exam preparation from preparing to learn, through learning and checking, to rehearsing and assessing.
There are six parts to the Subject SA1 Course Notes. The parts cover related topics and are broken down into chapters. At the end of every part there is an assignment testing the material from that part. The Mock Exam is a 100-mark paper, testing material across the whole course.
Other products and services to help you
The full range of products and services available for Subject SA1 is shown below. An overview of ActEd's products and services, and guidance on how to choose the best ones for you, can be found here.
Aim of this subject
The aim of Subject SA2 is to apply the main principles that are relevant to the provision of life insurance business to complex scenarios concerning the management of life insurance companies, allowing for relevant regulatory, legislative and professional requirements, and the business environment in which life insurance business is sold, whilst having an understanding of the current underlying market conditions.
Context within the wider curriculum
Fellowship Qualification - Subject SA2 builds on principles and knowledge which are introduced in Subject SP2, covering more complex scenarios than those considered in SP2.
Assessment
The Subject SA2 assessment is a timed online exam, which is 3 hours and 20 minutes.
How to study Subject SA2
ActEd's Combined Materials Pack (CMP) is our essential package for studying Subject SA2 efficiently and effectively. It includes the Course Notes, assignments, and a mock exam, as well as access to the 'Studying Subject SA2' course in our virtual learning environment, The Hub. The pack spans across all the main phases of exam preparation from preparing to learn, through learning and checking, to rehearsing and assessing.
There are six parts to the Subject SA2 Course Notes. The parts cover related topics and are broken down into chapters. At the end of every part there is an assignment testing the material from that part. The Mock Exam is a 100-mark paper, testing material across the whole course.
Other products and services to help you
The full range of products and services available for Subject SA2 is shown below. An overview of ActEd's products and services, and guidance on how to choose the best ones for you, can be found here.
Aim of this subject
The aim of Subject SA3 is to apply relevant actuarial principles and techniques to complex scenarios concerning the management of general insurance companies, allowing for relevant regulatory, legislative and professional requirements.
Context within the wider curriculum
Fellowship Qualification - Subject SP7, Subject SP8 and Subject SA3 are a trio of subjects for actuarial work specific to general insurance. Each subject develops a specific set of skills and knowledge needed by actuaries working in or who wish to work in general insurance. The subjects are related as follows:
Subject SP7 covers relevant actuarial principles and techniques for reserving and capital modelling within general insurance companies, and how these link to other business processes such as data, business planning, pricing, reinsurance and investment.
Subject SP8 covers relevant actuarial principles and techniques for pricing of general insurance and reinsurance products, and how these link to other business processes such as data, risk management, business planning, reserving, capital setting, reinsurance and catastrophe modelling.
Subject SA3 builds upon the skills and knowledge covered in Subject SP7 and Subject SP8, applied to more complex scenarios. It covers general insurance markets, regulation, legislation, taxation, financial management, monitoring and strategies.
Assessment
The Subject SA3 assessment is a timed online exam, which is 3 hours and 20 minutes.
How to study Subject SA3
ActEd's Combined Materials Pack (CMP) is our essential package for studying Subject SA3 efficiently and effectively. It includes the Course Notes, assignments, and a mock exam, as well as access to the 'Studying Subject SA3' course in our virtual learning environment, The Hub. The pack spans across all the main phases of exam preparation from preparing to learn, through learning and checking, to rehearsing and assessing.
There are six parts to the Subject SA3 Course Notes. The parts cover related topics and are broken down into chapters. At the end of every part there is an assignment testing the material from that part. The Mock Exam is a 100-mark paper, testing material across the whole course.
Other products and services to help you
The full range of products and services available for Subject SA3 is shown below. An overview of ActEd's products and services, and guidance on how to choose the best ones for you, can be found here.
Aim of this subject
The aims of Subject SA4 are as follows:
- Apply the main principles relevant to the provision of pensions and other benefits, to the management of benefit arrangements, allowing for the regulatory, legislative and business environment, as well as professional requirements.
- Provide solutions and give appropriate recommendations to business problems relating to benefit arrangements and the management of risk.
Context within the wider curriculum
Fellowship Qualification - Subject SP4 introduces the main principles and knowledge required for pensions and other benefits, and how these principles can be applied in simple scenarios. These concepts are built on in Subject SA4 and applied in more complex scenarios.
Assessment
The Subject SA4 assessment is a timed online exam, which is 3 hours and 20 minutes.
How to study Subject SA4
ActEd's Combined Materials Pack (CMP) is our essential package for studying Subject SA4 efficiently and effectively. It includes the Course Notes, assignments, and a mock exam, as well as access to the 'Studying Subject SA4' course in our virtual learning environment, The Hub. The pack spans across all the main phases of exam preparation from preparing to learn, through learning and checking, to rehearsing and assessing.
There are six parts to the Subject SA4 Course Notes. The parts cover related topics and are broken down into chapters. At the end of every part there is an assignment testing the material from that part. The Mock Exam is a 100-mark paper, testing material across the whole course.
Other products and services to help you
The full range of products and services available for Subject SA4 is shown below. An overview of ActEd's products and services, and guidance on how to choose the best ones for you, can be found here.
Aim of this subject
The aim of Subject SA7 is to apply knowledge of the financial environment in the UK and other jurisdictions and the principles of actuarial practice to the selection and management of investments in complex situations and appropriate to the needs of a range of investors, together with relevant aspects of corporate finance.
Context within the wider curriculum
Associate Qualification - Subject SA7 builds on the principles of corporate finance developed in Subject CB1 and develops further understanding of Macroeconomics introduced in Subject CB2.
Fellowship Qualification - Subject SP5, Subject SP6 and Subject SA7 are considered a trio of subjects for the actuarial work specific to Investment and Finance. Concepts introduced in Subject SP5 are developed in Subject SA7 via more complex 'real world' problems. Subject SP6 focusses in detail on the technical aspects of derivatives and their use - a working knowledge of derivatives is useful to solve some 'real world' problems in Subject SA7.
Assessment
The Subject SA7 assessment is a timed online exam, which is 3 hours and 20 minutes.
How to study Subject SA7
ActEd's Combined Materials Pack (CMP) is our essential package for studying Subject SA7 efficiently and effectively. It includes the Course Notes, assignments, and a mock exam, as well as access to the 'Studying Subject SA7' course in our virtual learning environment, The Hub. The pack spans across all the main phases of exam preparation from preparing to learn, through learning and checking, to rehearsing and assessing.
There are six parts to the Subject SA7 Course Notes. The parts cover related topics and are broken down into chapters. At the end of every part there is an assignment testing the material from that part. The Mock Exam is a 100-mark paper, testing material across the whole course.
Other products and services to help you
The full range of products and services available for Subject SA7 is shown below. An overview of ActEd's products and services, and guidance on how to choose the best ones for you, can be found here.