FSA Module Transition Rules
FSA modules were introduced in 2007. Through spring 2025, fellowship requires completion of three non-DMAC modules from the same track as the exams taken.
FSA 2025 Updates
For the July 2025 transition, candidates may apply three non-DMAC modules from the same track to earn credit for one course from the catalog. The track for the modules need not match the exams passed in transition, however, the modules must all be from the same track. The course earned may not be used to meet the requirement to complete a 101-201 sequence from a single practice area.
To earn fellowship under the current pathway or to receive transition credit for a course, all three modules in the “Current Module” column must be passed. Learn more about FSA 2025 module updates and deadlines.
Note that while the Enterprise Risk Management module will continue to be offered, if completed in 2026 or later it can only be used to earn the CERA credential. It cannot be applied to earn transition credit for a course.
Transition Tables
The following tables provide a track-by-track listing of prior and current modules.
If a module only appears in the “Current Module” column it has been offered continuously under that name since 2007.
Questions about module transitions can be sent to customerservice@soa.org.
See module transitions by track:
- Corporate Finance and ERM
- Quantitative Finance and Investment
- Individual Life and Annuities
- Retirement Benefits
- Group and Health
- General Insurance
Corporate Finance and ERM
|
Prior Module |
Current Module |
|
Operational Risk |
|
|
Financial Reporting |
Introduction to CFE |
|
Financial and Health Economics |
Advanced Topics in CFE |
|
Financial Economics (Before July 1, 2010) |
Advanced Topics in CFE |
Quantitative Finance and Investment
|
Prior Module |
Current Module |
|
Operational Risk |
|
|
Financial and Health Economics |
Financial Modeling |
|
Investment Strategy |
Financial Modeling |
|
Financial Reporting |
Scenario Modeling |
Individual Life and Annuities
|
Prior Module |
Current Module |
|
Operational Risk |
|
|
Financial Reporting (Before July 1, 2013) |
|
|
Financial reporting/Operational Risk |
|
|
Enterprise Risk Management (ERM) |
|
|
Financial Economics |
Introduction to ILA |
|
Financial and Health Economics |
Introduction to ILA |
|
Regulation and Taxation |
Regulation and Taxation |
Retirement Benefits
|
Prior Module |
Current Module |
|
Operational Risk |
|
|
Investment Strategy |
|
|
Social Insurance |
|
|
Financial and Health Economics (before July 1, 2013) |
Pension Projections |
|
Financial Economics |
Pension Projections |
Group and Health
|
Prior Module |
Current Module |
|
Operational Risk |
|
|
Pricing, Reserving, and Forecasting |
|
|
Financial and Health Economics |
Health Economics |
|
Financial Economics |
Health Economics |
|
Health Systems Overview |
Health Foundations |
General Insurance
|
Prior Module |
Current Module |
|
Operational Risk |
|
|
Financial Economics |
Financial Economics, Regulation & Law |
|
Financial and Health Economics (Before July 1, 2013) |
Financial Economics, Regulation & Law |
|
Applications of Statistical Techniques |
General Insurance Applications |