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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 …