IFPUG AFE Exam Overview:
| Certification Vendor: | IFPUG (International Function Point Users Group) / SOFE (Society of Financial Examiners) |
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| Exam Name: | Accredited Financial Examiner (AFE) |
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| Exam Number: | AFE |
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| Related Certifications: | Automated Examination Specialist (AES)
Certified Financial Examiner (CFE) |
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| Exam Duration: | Not publicly standardized (AFE is typically a designation-based credential; exam format is not formally published in detail) |
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| Exam Price: | Not consistently published publicly (varies by membership/region; typically around USD 150–250 per sitting depending on SOFE membership and attempt) |
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| Available Languages: | English |
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| Recommended Training: | SOFE Certification Overview |
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| Exam Registration: | SOFE AFE Certification Information |
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| Sample Questions: | IFPUG AFE Sample Questions |
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| Exam Way: | Not formally standardized in public documentation; SOFE examinations are typically administered under controlled/proctored conditions (often computer-based or structured designation exam process). |
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| Pre Condition: | Must generally be a SOFE General Member in good standing; prior experience in financial/insurance examination is typically expected. |
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| Official Syllabus URL: | https://www.sofe.org/education/accredited-financial-examiner.html |
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IFPUG AFE Exam Syllabus Topics:
| Topic | Details |
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| Topic 1 | - 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.
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| 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.
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| 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.
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| Topic 4 | - 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.
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Reference: https://www.sofe.org/certification/accredited-financial-examiner.html
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