Although the term to adapt the Master's Study Plan to the Basic Study Plan of the AAE is two to four years, the Master in Actuarial and Financial Sciences of UC3M, with the support of professors and students, has already revised and adapted its teaching content.

The Core Syllabus establishes a minimum framework for the academic training of a professionally recognized actuary.

The purpose of the AAE Core Syllabus is to define a common understanding and to achieve harmonization of actuarial education across Full Membership Associations. The Core Syllabus together with its detailed learning areas is intended to underpin the Mutual Recognition Agreement and the Statutes of the AAE.

The Actuarial Association of Europe (AAE) was established in 1978 under the name Groupe Consultatif to represent actuarial associations in Europe. Its purpose is to provide advice and opinions to the various organizations of the European Union – the Commission, the Council of Ministers, the European Parliament, EIOPA, and their various committees – on actuarial issues in European legislation. The AAE currently has 37 member associations in 36 European countries, representing over 27,000 actuaries. Advice and comments provided by the AAE on behalf of the European actuarial profession are totally independent of industry interests.