2023 Exams

Details of the 2023 curriculum can be found on the Society’s website.

South African students should not order 2023 CM1 material, instead students should order A211 (Financial Mathematics) and/or A213 (Contingencies).

Combined Material Packs are now available to purchase for Subjects N211, F101-F105, A211, A213 and A311 on our online store.  Any corrections we have published for these products can be found on our Corrections Page.

If you are planning on sitting Subject F106 then please use the UK's Subject SP9 material.

All Actuarial Society of South Africa F200 Notes should be purchased through the local ASSA Web Shop which you can access through http://shop.actuarialsociety.org.za. If you have any queries, please contact the ASSA Administration Office at orders@actuarialsociety.org.za

Retaking F100 Series Subjects, N211, A211, A213 or A311

No changes have been made to the F101, F103 or F104 materials, please use your notes from 2022.

Some changes have been made to the F102 materials for 2023. If you have already purchased the 2022 materials please use the CMP Upgrade document to update your materials to make them suitable for 2023.

Some changes have been made to the F105 materials for 2023. If you have already purchased the 2022 materials please use the CMP Upgrade document to update your materials to make them suitable for 2023.

No significant changes have been made to the N211, A211 and A213 materials, please use your notes from 2022. The minor changes made to A211 and A213 are reflected in the UK Subject CM1 CMP Upgrade.

Some changes have been made to the A311 materials for 2023. If you have already purchased the 2022 materials please use the CMP Upgrade document to update your materials to make them suitable for 2023.

Revision materials for students studying the F100 series exams

Students who are studying for the F100 series may consider using the UK revision materials that are available for the equivalent UK SP series subjects. However, please read the following guidance, in conjunction with that given in the F100 series Study Guide.

F101

You can use Subject SP1 revision materials, however these include the Income Protection insurance product which is not covered in Subject F101. The revision materials for Subject SP1 are always based on the latest Core Reading from the UK Institute and Faculty of Actuaries. The material for Subject F101 is based on Core Reading for its predecessor, Subject ST1, that is now a few years old and so there will be some differences in the content of the courses.

There is also additional material in Subject F101 not covered in Subject SP1. In particular Chapter 10 (Risk adjustment), Chapter 18 (Generalised linear modelling) and Chapter 27 (Managed Care) are not covered in Subject SP1.

F102

Subject F102 contains largely the same material as the UK Subject SP2 (which covers insurance products contingent on human life). Subject F102 also contains some material covered by the UK Subject SP1 (which covers insurance products contingent on human health). The revision products for the UK Subject SP2 would give good coverage of the Subject F102 syllabus for insurance products contingent on human life.

F103

Subjects SP7 and SP8 in the UK are, when combined, broadly equivalent to Subject F103. Therefore you should find the revision products for Subjects SP7 and SP8 useful. Bear in mind however that while there is a close correspondence between the South African and UK course material, Subjects SP7 and SP8 tend to go into more depth than F103 particularly for the more technical content, and at times they also refer to UK-specific issues.

F104

Subject F104 is not based directly on Subject SP4 and so our Subject SP4 revision materials are unlikely to be suitable for Subject F104.

F105

You can use Subject SP5 revision materials to help you prepare for the Subject F105 exam, however there are some differences in the courses. In particular there is material in Subject F105 that is not in Subject SP5. For example, Subject F105 contains additional material on:

• corporate finance and mergers and acquisitions (in Chapter 7 of the Course Notes)
• trust law (in Chapter 9)
• the roles and responsibilities of directors (in Chapter 10)
• South African equity and bond indices (in Chapter 15)
• asset-liability modelling and risk-free returns (in Chapter 18).

In addition, the whole of the Subject F105 Course Notes (whether ActEd supplementary text or Core Reading) is examinable. Only Core Reading is examinable in the exams of the (UK) Institute and Faculty of Actuaries.

Study materials

2023 prices:

In the box below you may need to use the scrollbar (scroll thumb) to move the table to the appropriate location to view the information.

Notes

Please be aware that the above prices exclude despatch charges which may also apply.

Prices of printed CMPs/Course Notes and eBooks are the same except that VAT is added for orders of eBooks from within the EU and South Africa. If the eBook is ordered in addition to the paper product, the additional charge is £24 + VAT for each subject.