You are required to pass all 3 subjects at this stage and these are as follows: CP1 and CP3 are written examinations of three hours and fifteen minutes each. CP2 is an online examination consisting of two papers of duration three hours fifteen minutes each conducted on the same day.
CP1- Actuarial Practice
In the Core practices stage actuarial concepts are covered. Actuarial Practice (CP1) is assessed by 2 papers each of three hours duration 15 minutes time. The marks of the two papers are added together to give a single mark for CP1 Actuarial Practice.
CP2 Modelling Practice
This online exam aims to ensure that you understand how to model data, document the work which also includes maintaining an audit trail, analyse the methods used and results generated, and communicate these along with your conclusions to an actuarial audience. You will need a working knowledge of spreadsheets and word.
The Format of CP2
- The online exam will comprise of two papers of duration three hours fifteen minutes each conducted on the same day. Both the papers will be computer based using Microsoft Office 2007.
- In Paper 1, students will be given a problem to model, including data to analyse and audit trail. In Paper 2, students will be presenting summary outlining: description, approach, results and conclusions.
- This will not be presented to an audience.
- The relevant core reading will be available as soft copy on your computers.
- CP2 examination will be conducted in a classroom environment under the supervision of an invigilator.
- CP2 examination will be conducted twice a year along with the Regular Examination at Indian centres only. These will be visible to students while registering for the exam. There is no batch size limit for registration.
- Study material will have to be purchased separately.
- Students will need to sit and clear both parts of the examination to gain a pass, and if a student is absent from one part they will receive an overall absent grade.
- There will be no pre-requisite of passing other papers in order to register for CP2.
CP3- Communication Practices
CP3 subject aims to test your skills at effective communication to both technical and non-technical audiences. It is based on the concepts in the Core principle subjects and in CP1 - Actuarial Practice and questions are set within a financial framework. The examination will be conducted as a single written examination along with the regular exams twice in a year. There will be no pre-requisite of passing other papers in order to register for CP3. There is no batch size limit for registration. Study material will have to be purchased separately.
