Actuarial Core Principles (IAI) · exam guide
Actuarial Core Principles (IAI) Career Scope
Checked against IAI's official pages, as of 12 October 2026. Rules and fees change; confirm on the official site before you act.
IAI describes actuaries as experts in assessing the financial impact of uncertain future events. They work mainly in insurance, and increasingly in risk management and data analytics. The Core Principles stage is the first of four stages towards Associate and Fellow membership.
Typical roles
- Insurance product design and pricing
- Valuation of liabilities and reserves
- Asset liability management
- Valuation of pensions, annuities, employee benefits and health benefits
- Risk management, including in banking
- Data science and analytics applied to financial risk
Where you can work
- Life, general and health insurance
- Pensions, employee benefits and social security
- Government schemes
- Banking and investments
- Actuarial consultancies
What it leads to: Passing or being exempted from all 7 Core Principles subjects plus the 3 Core Practices subjects (CP1 to CP3) makes a student eligible, on application, to become an Associate (AIAI). To become a Fellow (FIAI), you also need at least 2 Specialist Principles subjects and 1 Specialist Advanced subject (13 subjects in all), 3 years of relevant actuarial work experience, and attendance at the India Fellowship Seminar. After the seminar, you must be admitted as a Fellow within 24 months.