Financial Modeling Module

Welcome to the Financial Modeling FSA Module home page! Please review all of the information and links provided below.

The Financial Modeling FSA module is an e–Learning module where you acquire and use knowledge that is distributed and facilitated electronically. The electronic e–Learning facility will also provide information regarding required text readings and other non–computer–based activities.

The purpose of the Financial Modeling module is to provide you with extensive practice building and running the types of economic and capital market scenarios you may be required to create as an actuary. You will also gain familiarity with authoritative resources that will facilitate future reading, reference, and practice should that be needed for your work.

The Financial Modeling module requires the candidate to have existing basic skills in using R and RStudio. To learn more about R, you may wish to make use of the online learning tools at, particularly the “R Programming” and “R Markdown” topics. You may also wish to consult this optional reference book:

  • Introduction to R for Quantitative Finance,Doroczi, G., et. al., First Edition, 2013, Packt Publishing.

Candidates have flexibility in the order in which they complete the requirements. However, the SOA has established a recommended order for each fellowship track. These recommendations are effective for all exams and modules completed after July 1, 2011. Candidates should be aware that an examination/module may assume familiarity with material that is covered in any requirement that is recommended to come before

Learn more about changes coming to this track.

Recognized by the Canadian Institute of Actuaries.

Overview and Study Materials

Rules and Regulations