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General Insurance

There are 3 General Insurance modules: Reserving and Capital Modelling Specialist Principles (SP7), Pricing Specialist Principles (SP8) and Specialist Advanced (SA3), and these comprise key assessments for candidates working in the field of general insurance.

The new curriculum builds upon material covered in the predecessor modules, with enhancements including covering changes applicable to the general insurance environment, the legislative and regulatory environment, the products sold, risks and risk management, pricing (SP7), and reserving and capital modelling (SP8). Key developments for SA3 include capturing a broad spectrum of examples of how general insurance business is conducted in different territories, in particular considering differences in regulation, solvency and capital requirements, and products sold in different markets.

General Insurance Reserving and Capital Modelling Principles (SP7)

Specialist Principles

The aim of General Insurance Reserving and Capital Modelling Principles (SP7) is to instil in successful candidates the ability to apply, in simple reserving and capital modelling situations, the mathematical and economic techniques and the principles of actuarial planning and control needed for the financially-sound operation of general insurers.

It builds on material covered in earlier subjects, particularly Financial Engineering and Loss Reserving CM2.

Exam format:
3 hours and 15 minutes paper-based exams
Recommended study hours:

General Insurance Pricing Principles (SP8)

Specialist Principles

The aim of General Insurance Pricing Principles (SP8) is to instil in successful candidates the ability to apply, in simple pricing analysis situations, the mathematical and economic techniques and the principles of actuarial planning and control needed for the financially-sound operation of general insurers.

It builds on material covered in earlier subjects, particularly Actuarial Statistics 2 (CS2) Financial Engineering and Loss Reserving CM2.

Core reading coming soon

Exam format:
3 hours and 15 minutes paper-based exam
Recommended study hours:

General Insurance Advanced (SA3)

Specialist Advanced

The aim of General Insurance Advanced (SA3) is to instil in successful candidates the ability to apply knowledge of the general insurance environment (in the United Kingdom and other jurisdictions) and the principles of actuarial practice to the management of general insurance business in complex situations.

 

Exam format:
3 hours and 15 minutes paper-based exam