Actuary – Level 7
Standard Number
ST0502 – Version 1.0
Maximum Funding
£18,000
Pricing from: £2,250
(Discounts available based on volume).
Standard Overview
Actuaries work in a very niche industry with only approximately 450 qualifying each year. The actuarial profession however is still a diverse sector, working in the areas of insurance, pensions, healthcare, investment and the growing area of financial risk management.
The role, responsibilities and exams that are required as an Actuary require individuals to stretch their abilities to a very high level. Actuaries use mathematical skills to measure the probability and risk of future events, and the financial impact on a business and/or individuals.
Facilitation of Assessment
DSW has always had a ‘digital by default’ approach to end-point assessment; this allows us to provide greater flexibility for all stakeholders while reducing fees and our carbon footprint.
- Interviews and presentations are conducted using web conferencing platforms and we’re flexible enough to use a platform of the employer’s choosing when required.
- Written exams, MCQs and Case Studies are carried out online using an invigilated assessment platform
- Portfolios and Projects are submitted to DSW in digital format for assessment
- Our assessments are also administered using an online platform, epaPRO, which provides training providers with access to results, reports and dashboards.
This is all supported by named account managers and operations contacts who are here to support you at each step of the EPA journey.
Assessment Methods
Case Study
- Written scenario with questions and problems
- Includes 3 tasks to be completed
- Maximum of 2 weeks to complete
- Report word count of 1,500-2,000 words
- Learners must pass the Case Study before the Interview can be conducted
Portfolio-Based Interview
- Portfolio of Evidence developed during the on-programme period
- Portfolio of Evidence submitted with Referencing table submitted at Gateway
- Minimum of 12 questions asked (1 per KSB area)
- Typical duration: 60 minutes
- Maximum Duration: 75 minutes
For more details, visit the IfATE website.
Grading
There are 2 graded assessment methods:
- Case Study
- Portfolio-based Interview
To achieve an overall grade of pass, apprentices must achieve a pass (3) in both assessment methods.
To achieve an overall grade of distinction, the apprentice must achieve an overall score of 8 or more, as shown in the table below.
If an apprentice fails an assessment method and completes a resist or retake, the maximum overall grade they can achieve is a pass.
Resources
We provide a range of recourses to support the apprentice, training provider and employer prepare for end-point assessment:
- Toolkit
- Overview video
- Service overview
- Relevant webinars
Benefits and Support
DSW is a leading EPAO trusted by some of the UK’s largest employers and apprenticeship training providers to assess apprentices across a portfolio of more than 35 standards.
We combine first-class customer support, leading assessment technology and assessment expertise to deliver an EPA experience which our clients tell us is unequalled.
Our key benefits include:
- Assessor allocated ahead of gateway to guarantee availability and fast turnaround
- Planning meeting scheduled within 1 working day of Gateway
- Results issued within 5 working days
- Competitive pricing, reduced resit fees and no registration fees
- Dedicated account manager and operations contact
- Quality-assured assessors with extensive sector and assessment experience
- Truly collaborative, partnership approach and dedicated DSW human touch support team
- Delivery of a great learner experience with flexibility to accommodate varied learner environments
- Support materials – Guides, toolkits, webinars and use of digital platforms make EPA efficient and easy
- Engaged with other EPAOs and sector bodies to lead the standardisation of assessment methods and raise professional standards