A Fellow of the Canadian Institute of Actuaries (FCIA) applies Canadian legislation and the practice-specific standards, concepts and techniques of actuarial science. Our internationally recognized FCIA designation will advance your career and open new opportunities in traditional and emerging areas of actuarial science.
FCIA Exam 3 is designed for those pursuing qualification pathways 1 and 2 (and some Pathway 3 candidates). This 4-hour, track-specific exam is open book and assesses your technical expertise and professional knowledge.
Participants will complete the exam through the CIA learning management system, with secure online proctoring. Strict adherence to the exam rules and regulations is mandatory. Please consult the FCIA Exam – Participant Guidelines for rules and regulations, exam and technical guidelines, and grading and grade release.
During the exam, participants are responsible for reference material; a secure, reliable internet connection; access to Microsoft Excel; and will be required to open a PDF file.
Resources
We want you to be successful with your exam. Review the FCIA syllabus of your chosen track for an exam overview and reading lists. Supplemental reading references, if applicable, will be provided following registration in the CIA’s learning management system.
Upon registration, you will have access to preparatory materials, like practice questions and past exams. You will find these on the FCIA exam resource page in the learning management system.
FCIA Exam 3 dates
- May 11: F3GB – Group Benefits Reserving
- May 13: F3RET – Pension Risk Management
- May 18: F3PC – ERM, Economic Capital Modelling, and Stress and Scenario Testing
- May 20: F3FIE – Risk Management
- May 20: F3BNK – Banking Applications
- May 20: F3ILA – Risk Management
FCIA exams are four hours in length, administered 11:00-15:00 ET.
Although we recommend taking the exams in order, it is not mandatory.
Registration deadlines
- March 30: F3GB – Group Benefits Reserving
- April 1: F3RET – Pension Risk Management
- April 6: F3PC – ERM, Economic Capital Modelling, and Stress and Scenario Testing
- April 8: F3FIE – Risk Management
- April 8: F3BNK – Banking Applications
- April 8: F3ILA – Risk Management
Transition rules
CIA transition rules ended on December 31, 2025. To learn if you qualify for an exemption or if a transition provision applies to your situation, consult the transition rules. If you are unsure of your requirements, contact education@cia-ica.ca prior to registration.
CIA courses and exams
View all courses and exams currently open for registration.
Cancellation and refund policy
Cancellation and refund requests must be submitted in writing to education@cia-ica.ca by the exam-specific registration deadline (see Registration deadlines). Refunds are subject to a $200 administration fee.