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The Actuary The magazine of the Institute & Faculty of Actuaries

Course updates announced: CT9 / CA2

CT9 Business Awareness
If you joined the Profession after 30 June 2004, you will need to take the CT9 Business Awareness examination. If you are working full time, you are recommended to take this course within 15 to 18 months of joining the Faculty or Institute.

Details of the 2008/2009 courses were due to be announced on 23 June 2008. The courses will take place in October and November 2008 and January, May and June 2009. If you are a student based outside the UK, and unable to attend a local society-run event, then you are eligible to take part in the distance learning version of this examination. The pilot course will run from 21 July to 1 August 2008, and some places are still available on the pilot course. For more details, please visit www.actuaries.org.uk/students/qualifications/bam. The closing date for applications is 7 July 2008.

As part of ongoing work to develop the Profession’s website, the examination history section of the website has been updated and now includes the CT9 Business Awareness results. You can find copies of past papers at www.actuaries.org.uk/students/exams/preparing/exam_papers

CA2 Model Documentation, Analysis and Reporting
A number of changes, which are effective as of 1 May 2008, have been made to CA2. To reflect more accurately the content of the course it has been renamed Model Documentation, Analysis and Reporting. The course will cover:
>> Documentation of a spreadsheet
>> Analysis of the outputs
>> Reporting of the approach, results and conclusions.

Grading will be in line with other courses and ‘fail notes’ will no longer be issued for this course. The list of specific results days for each exam will be available on the Profession’s website. If you have to retake this course you can now take one of three options. You can:
>> Attend Day 2 only of a face-to-face course to take the exam
>> Take the distance learning version, either with or without the pre-course work (priority will be given to overseas candidates for these courses)
>> Attend a specific one-day Retaker Exam day.

Application forms for each option are available on the Profession’s website at www.actuaries.org.uk/students/qualifications/CA2_Module