UK Actuarial Profession Accreditation UK Actuarial Profession Accreditation

Both the BSc Actuarial Sciences and BSc Actuarial Sciences (with a year in Industry) are fully accredited by the UK Actuarial Profession (Institute and Faculty of Actuaries).

Under our accreditation agreement with the Institute and Faculty of Actuaries, students who graduate from either of our Actuarial Sciences programmes can apply for a block of exemptions from the UK Actuarial examinations for subjects CT1 to CT8.  In order to be eligible students need to achieve the required accreditation mark (65%) for the programme and pass all modules taken.

The accreditation mark is calculated as the weighted average of all the actuarially related modules within the programme (see details below) weighted by UEA module Credits.

Year UEA Modules Module code
1

Maths for Actuaries - CMP-4003A

Calculus & Probability  MTHB4006Y(part*)

Economics for Business - NBS-4003Y

20

10

20

2

Financial Accounting  - NBS-5002Y

Financial Management  - CMP-5009A

Mathematical Statistics - CMP-5034A

Applied Statistics B -  CMP-5019B

Contingencies & Differential Equations - CMP-5035Y(part**)

Actuarial Methods -  CMP-5001B

20

20

20

20

10

20

3

Business Finance - NBS-5008Y

Actuarial Models - CMP-6001B

Advanced Statistics - CMP-6004A

Further Contingencies - CMP-6037B

Further Actuarial Topics - CMP-6033A

Financial Markets - CMP-6035A

Further Financial Mathematics - CMP-6032B

20

20

20

10

10

20

20

 

Individual exemptions are also available for students who fail to achieve the required accreditation mark (see mapping document below).

Actuarial Profession UEA modules Weighting
CT1 - Financial Mathematics

Maths for Actuaries (Year 1) - CMP-4003A

Financial Mathematics (Year 2) - CMP-5009A

50

50

CT2 - Finance & Financial Reporting

Financial Accounting (Year 2) - NBS-5002Y

Business Finance (Year 3) - NBS-5008Y

50

50

CT3 - Probability & Mathematical Statistics

Calculus and Probability (Year 1)-MTHB4006Y(part*)

Mathematical Statistics (Year 2) - CMP-5034A

Applied Statistics B (Year 2) - CMP-5019B

20

40

40

CT4 - Models

Actuarial Models (Year 3)-CMP-6001B

Advanced Statistics (Year 3)-CMP-6004A

50

50

CT5 - Contingencies

Contingencies & Differential Equations (Year 2)-CMP-5035Y(part**)

Further Contingencies (Year 3)- CMP-6037B

50

50

CT6 - Statistical Methods

Actuarial methods (Year 2)-CMP-5001B

Advanced Statistics (Year 3)-CMP-6004A

Further Actuarial Topics (Year 3)-CMP-6033A

40

40

20

CT7 - Business Economics Economics for Business (Year1)-NBS-4003Y 100
CT8 - Financial Economics

Financial Markets (Year 3)-CMP-6035A

Further Financial Mathematics (Year 3)-CMP-6032B

50

50

 

*Combined mark for probability coursework (20%) and the exam (80%)

**Combined mark for coursework (10% class test, 10% assessment) and exam (80%)for contingencies portion only

NOTE: Advanced statistics is only included once in the accreditation calculation but is considered for individual exemptions for both CT4 and 6