difficult than the later ones due to the mathematical theory content. Topics covered include annuities, stochastic modelling, time series, and economics. The Core Applications section consisted of two exams and a modeling course, CA2, that focus on the application of concepts learned, especially to insurance companies. This included the communications model, CA3, which tested the candidate on their ability to communicate complex actuarial concepts to others. Specialist Examinations The Specialist Technical section represented the first time the candidate had a choice of which exams to take. The candidate chose two from the various actuarial specialist subjects i.e. Health and Care, Life Insurance, General Insurance, Pensions, Finance or Investments and further technical knowledge on said subjects is attained. The Specialist Applications section allowed the candidate to choose one area for which they take the SA paper and attain full Fellowship; leading to many referring to this as the “Fellowship paper.” However, as the rules on the ordering of examinations were relaxed, this examination may be taken before taking some earlier examinations resulting in candidates qualifying on other papers. List of Examinations The following list will be replaced by a new curriculum structure from 31 December 2018. Core Technical Stage CT1 – Financial Mathematics CT2 – Finance and Financial Reporting CT3 – Probability and Mathematical Statistics CT4 – Models CT5 – Life Contingencies CT6 – Statistical Models CT7 – Business Economics CT8 – Financial Economics CT9 – Business Awareness Core Applications Stage CA1 – Actuarial Risk Management CA2 – Model Documentation, Analysis and Reporting CP3 – Communication Practice Specialist Technical Stage ST1 – Health and Care Specialist Technical ST2 – Life Insurance Specialist Technical ST3 – General Insurance Specialist Technical ST4 – Pensions and other Benefits Specialist Technical ST5 – Finance and Investment Specialist Technical A ST6 – Finance and Investment Specialist Technical B ST7 – General Insurance – Reserving and Capital Modelling Specialist Technical ST8 – General Insurance – Pricing Specialist Technical ST9 – Enterprise Risk Management Specialist Technical Specialist Applications Stage SA0 – Research Dissertation Specialist Applications SA1 – Health and Care Specialist Applications SA2 – Life Insurance Specialist Applications SA3 – General Insurance Specialist Applications SA4 – Pensions and other Benefits Specialist Applications SA5 – Finance Specialist Applications SA6 – Investment Specialist Applications UK Practice Modules For students working in the UK only P0 – Generic UK Practice Half Module P1 – Health and Care P2 – Life Insurance