CM1

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SKU: N/A Category: Actuaries

About Course

CM1 – ACTUARIAL MATHEMATICS

Area	Description
Introduction	Actuarial Mathematics is the foundation of actuarial modelling and preparing financial models.
What You Learn	Basic principles of actuarial modelling, theories of interest rates, the mathematical techniques required to model and value cash flows, and how to price different products.
Focus	Provides a grounding in the principles of actuarial modelling, focusing on deterministic models and their application to financial products.
Cash Flow Valuation	Techniques to model and value cash flows which are either certain or are contingent on mortality, morbidity and/or survival.
Theory & Practice	Includes theory and application of the ideas to real data sets using Microsoft Excel.

Detail	Information
Number of Papers	2 Papers – CM1A and CM1B
CM1A Duration	3 Hours 20 Minutes
CM1B Duration	1 Hour 50 Minutes (Excel-based exam)
Scientific Calculator	Allowed

Skill Type	Weightage
Knowledge	20%
Application	65%
Higher Order Skills	15%
In the CM subjects, the approximate split of assessment across the three skill types is 20% Knowledge, 65% Application and 15% Higher Order Skills.

Why TAJ

#	Feature	Details
1	Experienced corporate faculties	With 13–14 exams cleared to make you understand the application of knowledge contained in the subject.
2	Classes available in all 3 modes	Classroom, Live Online and Videos.
3	Multiple small batches	To focus on personal interaction and development.
4	Regular assessments and feedback sharing	To discuss your improvement areas.
5	Detailed study plan and chapter-wise important topics	With detailed descriptions and main highlights.
6	Exclusive writing and discussion sessions	Oriented towards past paper discussions.
7	Regular doubt classes	To help you learn technical skills and clear your conceptual knowledge.
8	Regular contacts with companies and start-ups	To share your resume and prepare you accordingly for interviews.
9	In-depth training of Excel	To prepare you for the online exam.

Area	Coverage
Overview	Actuarial Mathematics (CM1) provides a grounding in the principles of actuarial modelling, focusing on deterministic models and their application to financial products.
Topics	Basic principles of actuarial modelling, theories of interest rates and the mathematical techniques used to model and value cash flows which are either certain or are contingent on mortality, morbidity and/or survival.
Application	The subject includes theory and application of the ideas to real data sets using Microsoft Excel.

Detail	Information
CM1A	3 hours 20 minutes
CM1B	1 hour 50 minutes (Excel-based exam)
Calculator	A scientific calculator is allowed in the exam. However, you can use only one of the models from the list below. This can also be used for future exams.

#	Allowed Calculator Model	Note
1	Casio FX82 (ES/MS)	With or without any suffix
2	Casio FX83 (ES/MS)	With or without any suffix
3	Casio FX85 (ES/MS)	With or without any suffix
4	Sharp EL531	With or without any prefix or suffix
5	Texas Instruments BA II Plus	With or without any suffix
6	Texas Instruments TI-30	With or without any suffix
7	Hewlett Packard HP12c	With or without any suffix

#	Topic	Weightage
1	The Basics of Modelling	10%
2	Theory of Interest Rates	20%
3	Equation of Value and its Applications	15%
4	Single Decrement Models	10%
5	Multiple Decrement and Multiple Life Models	10%
6	Pricing and Reserving	35%

Skill Type	Weightage
Knowledge	20%
Application	65%
Higher Order Skills	15%
In the CM subjects, the approximate split of assessment across the three skill types is 20% Knowledge, 65% Application and 15% Higher Order skills.

About Faculty

Faculty	Mr. Puneet Goyal
Aim	Comes with the sole aim of providing students with a plethora of information through his management skills and innovative teaching style.
Teaching Approach	Does not believe in books but in knowledge, and focuses on students learning and understanding concepts rather than mugging them up.
To know more about our faculty – Click on LinkedIn Profile