Iran Official Insurance Actuary Exam

It targets candidates seeking professional actuarial recognition in Iran, typically graduates in actuarial science, mathematics, statistics or finance who plan to work in insurers, reinsurers, the Central Insurance of Iran or social security institutions. A strong quantitative background and familiarity with Iranian insurance regulation are assumed.

The exam combines multiple-choice questions with written calculation problems. Calculation items generally require you to set out formulas and intermediate steps, so practice writing full solutions by hand rather than only selecting answers. The official body publishes the current detailed format and any changes.

It is demanding because it spans nine domains, from probability to regulation and ethics, and expects numerical fluency under time pressure. Candidates who only memorise formulas tend to struggle on multi-step problems. Depth in life contingencies and non-life credibility usually separates strong candidates from marginal ones.

The number of questions, duration and sitting schedule are set by the official examining body and can change between sessions. Check the current announcement on the official body's website before planning your study timetable; do not rely on figures from older candidate forums.

The passing threshold and retake rules are determined by the official body and published with each exam cycle. Candidates who do not pass should review their weak domains and the official syllabus before re-registering. Confirm retake conditions and any waiting period directly with the examining body.

Start with probability and mathematical statistics, then financial mathematics, because life contingencies and non-life credibility build on both. Add risk theory next, then insurance economics and Iranian regulation. Leave accounting/ALM and professional ethics for the final phase, since they are lighter but easy to neglect.

Common causes are weak command of life-contingency notation, inability to set up credibility and ruin-probability problems from scratch, ignoring Iranian regulatory specifics, and poor time allocation on written calculations. Candidates also lose marks by skipping intermediate steps that carry method marks.

Use the official syllabus as your map, standard actuarial textbooks for the mathematical domains, and the current Iranian insurance law and Central Insurance of Iran regulations for the regulatory domain. Practice with calculation problems written in Persian, since the exam is delivered in Persian and terminology matters.

No. This is independent study material for candidates preparing for the exam. It is not affiliated with, endorsed by, or connected to the official examining body or any insurer. Always verify exam dates, fees, format and rules with the official body.