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Actuarial and Insurance

How to become a qualified actuary

Graduates who want to train as an actuary must first register as a student member with the Institute and Faculty of Actuaries. To qualify as a member, you need a minimum of a B in maths at A-level and a second A-level at grade C or above in any other subject. If you don't have these qualifications, you can become a member if you sit and pass the CT1 exam.  

Many students find a trainee actuarial position with an employer before beginning their studies. To achieve the qualification, students must pass a series of core exams, complete practical modules and gain work-based skills. Training usually takes 3-6 years.

Qualifications for working in insurance

The Chartered Insurance Institute offers the CII Advanced Diploma in Insurance, which is a professional qualification that is respected within the industry and around the world. Some graduate schemes offer this qualification as part of the training.

Upon completing the qualification and gaining five years' experience, graduates will achieve chartered status. This enables them to hold the following titles:

  • Chartered insurer
  • Chartered insurance broker
  • Chartered insurance practitioner
  • Chartered insurance risk manager

Degrees suited to becoming an actuary

  • Mathematics
  • Chemistry
  • Economics
  • Physics
  • Engineering