Life Insurance Principles (SP2) provides an introduction to the main principles and knowledge required in life insurance, and how these principles can be applied in simple scenarios.
Life Insurance Specialist Advanced (SA2) further develops the principles from SP2, providing a more
in depth understanding. In particular, it considers in much more detail the environment in which a life
insurance company operates which will include health and care markets, regulation, legislation,
taxation, financial management, monitoring and strategies.
PAPER PATTERN |
Health and Care Principles (SA2)IFoA
Health and Care Principles (SA2)IAI
|
Theoretical exam – (MS – WORD)
Theoretical exam – (MS – WORD)
|
3 hours 20 minutes
3 hours 15 minutes
|
Topics and Topic Weightings
1. Life insurance products and general business environment [20%]
2. Regulatory, legislative and taxation environment [25%]
3. Reporting and management of capital and profit [25%]
4. General business management [30%]
IAI: 50%
*Fixed rate
IFoA: 56% -65%