INTRODUCTIONKurtosis refers to the degree of flatness or peakness in the region of the curve. It is generally used to measure the degree of outliers that occur in the data, i.e., the tailedness of the distribution. Outliers are the values...
New Exam PatternIFoA is aiming to launch a new exam system for all subjects in the upcoming September 2023 term. They will release it for all the papers apart from Actuarial Statistics (CS), Actuarial Mathematics (CM), Modelling Practice (CP2) and...
Read time: 7minsMasters in Actuarial Science has been a very interesting topic for actuarial aspirants.It is a multidisciplinary program where the course structure varies across universities. In this course, students are well-prepared with the fundamentals of actuarial science: mathematics, statistics,...
Read time: 5minsIFRS 17 is a new accounting standard issued by the International Accounting Standards Board (IASB), replacing IFRS 4. It establishes principles and modifies old principles(IFRS 4) that apply in all aspects of the accounting of insurance contracts. Why was...
Read time- 5 minsCERA is a global risk management credential or qualification, which equips actuaries with strong ERM knowledge and helps them to make better business-decisions. Is CERA worth it?Yes, CERA is worthy. The world is ever changing, evolving, technologically advanced,...
CB3, previously known as CT9, is a Business Awareness Online Module, which involves students taking part in a ten day online business game and submitting seven complete exercises taking the online examination. Students will be required to do an advance...
In November 2022, IFoA Fellow and Associate members will be asked to vote on adapting the designation of Chartered Actuary, rebranding the title of qualified actuaries.IFoA having a royal charter unlike any other actuarial body around the globe, to differentiate...
CPD stands for Continuing Professional Development. It is an attempt by the IFOA for its working professional students to ensure that they are doing something towards the profession outside of their work. The idea for CPD is to allow students...