Members finding out in direction of the Fellowship and Actuary credentials proceed to avail themselves of the concepts and content material organised and taught by our industry-experienced Fellows.
College students are taught utilizing a variety of ever-evolving methods, explanatory stay and recorded movies, and schooling materials that ensures well-prepared college students can display desired outcomes. We all the time contain a broad vary of invited visitor audio system who present modern context.
The mix of sensible actuarial expertise and steady enchancment to our educating has helped many candidates grow to be sufficiently well-prepared to supply well-argued solutions to evaluation questions.
The Institute is happy to announce that our Semester 1, 2024 outcomes are according to earlier semesters. College students are placing within the onerous work essential to progress in direction of changing into a credentialled actuary. The in depth involvement of Fellows in marking, scrutineering, suggesting enhancements to the curriculum and offering contextualisation of {industry} points in tutorials, demonstrates the power of the occupation in educating the following technology of actuaries and ensures we maintain our necessary high quality benchmark.
Cross charges and the variety of candidates who sat every topic for the final three semesters are proven under. This semester 98 college students grew to become eligible for Fellowship.
View the Members eligible for Fellowship – Semester 1, 2024.
Semester 1, 2024 previous charges
Semester 1, 2024 prize winners
Congratulations to our Semester 1 prize winners who’ve demonstrated educational excellence, sound important considering and communication abilities.
View the Actuary Program outcomes for Semester 1, 2024.
View the Fellowship Topic outcomes for Semester 1, 2024.
Steady enchancment
About 25% of scholars full an end-of-semester survey that present us with important suggestions on our efficiency. College students are typically optimistic, with over 80% glad with their studying expertise. A barely greater share (85%) rated the educating as at the least good.
The important thing strengths of this system, in keeping with the suggestions, is distilled into three themes:
- Trade relevance and sensible functions are highlighted by way of the real-world situations within the course content material, together with insights, examples, and the applicability of abilities growth to varied domains.
- Instructing high quality is mirrored within the educators’ dedication in offering extra supplies and the power to attach theoretical data with sensible functions, in addition to the precious insights from the visitor audio system.
- Topic supplies and construction underscored the breadth and depth of content material, the thorough exploration of key element, and a mix of theoretical data with sensible assignments.
It’s pleasing that many respondents act professionally by offering sensible recommendations to enhance the expertise of future college students. Some examples from the earlier two semesters embrace:
- Convey ahead the ethics and professionalism elements inside Communication, Modelling and Professionalism (CMP) to permit a deeper understanding {of professional} obligations. This occurred this semester, and the mid-semester project had a deep examination of the Code of Conduct.
- ChatGPT is a ubiquitous device and college students, who’re conscious that this device will not be accessible in examinations, have requested for steering. Julia Lessing (CMP) and Georgina Hemmings (Life Insurance coverage Functions) included the device in assignments and college students had been requested to critique ChatGPT responses. Chris Dolman kindly tutored CMP college students on learn how to use these fashions. After all, our foremost recommendation is for college students to follow being clear, exact, and full when explaining concepts in no matter format is required.
- Information Science Functions (DSA) college students constantly report a excessive workload in a brief interval that can also be very near the examination date. While we’re not lowering the workload, the project can be launched earlier in Semester 2 and the due date can be introduced ahead.
- 76% of Fellowship candidates report a growth of their written communication abilities however unbiased markers recommended that extra educating is required on enhancing reviews. This semester, we can be making a set of movies overlaying report writing at Fellowship stage.
Asset Legal responsibility Administration topic
One of many questions on this semester’s examination was nearly equivalent to a earlier examination query. This was unintentional and arose by way of a failure in one in all our processes.
We wish to reassure you that in depth extra work was undertaken throughout the marking course of to think about the consequences on all candidates. Detailed discussions on mitigating actions occurred throughout the formal examination outcomes assembly.
The governing Schooling Technique Committee is glad that the decision to the difficulty has ensured fairness and honest remedy between the scholars of 2023 and 2024. These college students in 2024 who had been nicely ready and had reviewed the prior examination paper additionally scored extraordinarily extremely within the different examination questions.
We affirm the method has been amended for future semesters to forestall any recurrence.
CPD: Actuaries Institute Members can declare two CPD factors for each hour of studying articles on Actuaries Digital.