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IFPUG AFE Practice Q&A's

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IFPUG AFE Exam Syllabus Topics:

TopicDetails
Topic 1
  • AFE 3: Life and Health Insurance Accounting: This section of the exam measures the skills of Financial Examiners and Specialists and addresses the accounting principles specific to life and health insurance. Candidates will gain insights into financial reporting, premium accounting, reserves, and claims handling within the context of life and health insurance operations. Emphasis is placed on understanding how to analyze financial statements relevant to these sectors.
Topic 2
  • AFE 1: Life and Health Insurance Fundamentals: This portion of the exam measures the skills of Insurance Professionals and covers the foundational principles of life and health insurance. Candidates will learn about the various types of life and health insurance products, including their features, benefits, and applications. Key topics include policy structures, underwriting processes, and the regulatory environment governing life and health insurance.
Topic 3
  • AFE 2: Property and Liability Insurance Fundamentals: This section of the exam measures the skills of Property and Casualty Insurance Specialists and focuses on the essential concepts of property and liability insurance. Candidates will explore different types of property insurance, liability coverage options, and how these products protect individuals and businesses. The curriculum includes an overview of policy provisions, risk management strategies, and the legal aspects of property and liability insurance.
Topic 4
  • AFE 4: Property and Liability Insurance Accounting: This section of the exam measures the skills of Insurance Financial Specialists and Analysts and covers accounting practices related to property and liability insurance. Candidates will learn about the financial management aspects of property and casualty insurance companies, including premium recognition, loss reserving, and investment income reporting. The focus is on ensuring compliance with regulatory requirements while maintaining accurate financial records for property and liability insurance operations.

Reference: https://www.sofe.org/certification/accredited-financial-examiner.html

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