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Guide to applying for exemptions from IAI and IFoA: 1. IAI Exemptions against IFoA Papers cleared- IAI will allow exemptions paper-wise for all the Core Principles, Core Practices, and Specialist Principles subjects from IFoA retrospectively with effect from 01 Jan 2022. Exemption policy under IAI Education Curriculum 2019: for any CM, CS, CB, CP or …

According to the Institute of Actuaries of India (IAI), the demand for actuaries in India is growing rapidly, and the supply is limited. As per the IAI latest data (as on 31st March 2023), there are around 569 fellows and 231 associates in India. However, the requirement for actuaries is much higher, and the gap …

The correct order of giving Actuarial exams: If you know the correct order of appearing for the actuarial exams, you can clear many papers in an optimum span of time. You can appear for the actuarial exams from two institutes that are Institute of Actuaries of India (IAI) and Institute and Faculty of Actuaries (IFOA). …

VLOOKUP is an Excel function to look up data in a table organized vertically. VLOOKUP takes four arguments: lookup_value, table_array, column_index_num, and range_lookup. Lookup_value is the value to look for. Table_array is the range of vertical data to look inside. The first column of table_array must contain the lookup values to search. The column_index_num argument …

We know, all over the world, lives have been drastically affected since Covid hit us hard. Let’s see how the Actuarial examinations from April 2020 session, be it IAI or IFoA, have changed: Both the institutes shifted to online exams, though only IAI continued with proctoring, ie., IAI provides a separate browser specially for examining …

What to expect? This exam entirely online is designed to help you understand the business environment in which you will be working, your professional responsibilities and how to tackle business-related problems. It is a practically focused programme, which includes some background reading, a business simulation game, completion of a workbook, with some short exercises, and …

In November 2022, IFoA Fellow and Associate members will be asked to vote on adapting the designation of Chartered Actuary and rebranding the title of qualified actuaries. IFoA having a royal charter unlike any other actuarial body around the globe, to differentiate its qualified members from other Societies. The institute’s members proposed the title of …

CB3, previously known as CT9, is a Business Awareness Online Module, which involves students taking part in a ten-day online business game and submitting seven complete exercises taking the online examination. Students will be required to do an advance study involving online tutorials, and also an online exam following the ten-day business game. The Examination …

Chartered Enterprise Risk Actuary Chartered Enterprise Risk Analyst Certified Enterprise Risk Actuary Certified Enterprise Risk Analyst CERA is a global risk management credential or qualification, which equips actuaries with strong ERM knowledge and helps them to make better business decisions. Is CERA worth it? Yes, CERA is worthy. The world is ever-changing, evolving, technologically advanced, …

IFRS 17 is a new accounting standard issued by the International Accounting Standards Board (IASB), replacing IFRS 4. It establishes principles and modifies old principles(IFRS 4) that apply in all aspects of the accounting of insurance contracts. Why was IFRS 17 adapted? IFRS 4 consisted of accounting policies for insurance companies which allowed them to …

Masters in Actuarial Science has been a very interesting topic for actuarial aspirants. It is a multidisciplinary program where the course structure varies across universities. In this course, students are well-prepared with the fundamentals of actuarial science: mathematics, statistics, economics and finance. Students holding B.Sc./ B.Com graduation degree with 50% aggregate marks and mathematics/ statistics …

Kurtosis refers to the degree of flatness or peakness in the region of the curve. It is generally used to measure the degree of outliers that occur in the data, i.e., the tailedness of the distribution. Outliers are the values that lie at extreme distance from the other values of the sample. Tails refers to …