All III Exam Modules
Practice question banks for every paper — written from the III prescribed study material. Try a free demo on any module before purchasing.
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25 modules found
One of eight actuarial papers — Fellowship candidates must choose at least one. Covers the mathematical and statistical foundations of actuarial science.
Based on the Casualty Actuarial Society text Foundations of Casualty Actuarial Science. Covers the foundations of casualty actuarial science — the role of the actuary, risk theory, ratemaking (pure premium and loss ratio methods, trending, loss development and increased limits), individual risk rating (experience and retrospective rating), loss reserving (chain ladder and Bornhuetter-Ferguson) and risk classification.
One of eight actuarial papers for Fellowship. Covers the mathematical principles underlying life assurance calculations.
Part II of the Casualty Actuarial Society text Foundations of Casualty Actuarial Science. Covers reinsurance (functions, forms, pricing, treaties, finite covers and loss reserving), credibility theory (classical full and partial credibility and least-squares/Buhlmann and Bayesian credibility), investment issues in property-liability insurance (investment income, tax strategies and rate-of-return measures) and special issues (valuing, operating and regulating an insurance company, including risk-based capital and solvency).
One of eight actuarial papers for Fellowship. Covers actuarial principles in insurance product design and development.
One of eight actuarial papers for Fellowship. Covers finance and economics principles applied to actuarial science.
One of eight actuarial papers for Fellowship. Covers investment principles and financial markets from an actuarial perspective.
One of eight actuarial papers for Fellowship. Covers risk management from an actuarial science perspective.
Covers the fundamentals of reinsurance — its purpose, forms (facultative and treaty) and methods (proportional quota share and surplus, and non-proportional excess of loss and stop loss); retentions and reinsurance programme design; placement, law and treaty clauses; reinsurance accounting; markets and financial security; alternative risk transfer; inward business; information processing; catastrophe modelling; Indian reinsurance regulations; and insurance pools.
Covers risk and probability theory, the scope and objectives of risk management, building an effective risk management programme, the risk management decision-making process, risk engineering, alternative risk transfer mechanisms, enterprise risk management, business continuity and disaster recovery, loss exposures for major classes and practical risk management checklists.
Covers the legal framework of life assurance in India — sources of law and administration of justice; the law of contract and the life insurance contract; policy conditions, lapse, revival and non-forfeiture; group and other schemes; the policy as property; assignment, nomination and MWP Act rights; claim settlement; tax laws; insurance intermediaries; the legal status of individuals and FEMA provisions; nationalisation and the LIC Act; consumer protection and the Ombudsman; insurance legislation abroad; and the IRDA Act 1999.
A 30 credit point elective available in both Associate and Fellowship pools.
A 30 credit point elective available in both Associate and Fellowship pools.
A 30 credit point elective available in both Associate and Fellowship pools.
A 30 credit point elective available in both Associate and Fellowship pools.
A 30 credit point elective available in both Associate and Fellowship pools.
A 30 credit point elective available in both Associate and Fellowship pools.
Practice MCQs for the III Associateship paper IC-76 Aviation Insurance: introduction to aviation and the aviation insurance market, aviation insurance covers (AVN clauses), underwriting of general aviation, airlines and aerospace risks, aviation law and international conventions, aviation claims, aviation finance and leasing, and drone (UAS) insurance.
A 30 credit point elective available in both Associate and Fellowship pools.
A 30 credit point elective available in both Associate and Fellowship pools.
Covers group insurance products and regulations, tax aspects of group and retirement benefits, accounting standards (AS-15 / Ind AS 19), investment patterns for retirement schemes, administration, claims, reinsurance, valuation of liabilities, retirement benefit schemes and social security schemes.
A 30 credit point elective available in both Associate and Fellowship pools.
Covers HR principles, recruitment, training, performance management, and labour law as applied to insurance organisations.
Covers asset and asset-liability management for insurers; investment alternatives; security market, fundamental, company and technical analysis; IRDAI investment and solvency regulations and SEBI/securities laws; bond valuation and interest-rate risk; time value of money; portfolio theory, modern portfolio theory and CAPM; portfolio management and equity investments; mutual funds; bonds and derivatives; the forex market; FDI/FII and international investment; and applied case studies.
Covers financial management and financial statements, ratio analysis, budgeting and budgetary control, fund flow and cash flow statements, insurance company investments and IRDA regulations, the Indian capital market, mutual funds and AIFs, capital budgeting (NPV/IRR), international financial management, MIS, disclosure norms, portfolio management, the foreign exchange market and financial risk management and derivatives.