Actuarial Mathematics
Actuarial Mathematics is the foundation of actuarial modeling and preparing financial modeling. Actuarial Mathematics gives the student important knowledge about basic principles of actuarial modeling, theories of interest rates, the mathematical techniques required to model and value cash flow, and how to price different products. This involves using Excel to prepare data sets.
Actuarial Mathematics (CM1) provides a grounding in the principles of actuarial modelling, focusing on deterministic models and their application to financial products. It equips the student with knowledge of the 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. The subject includes theory and application of the ideas to real data sets using Microsoft Excel.
CM1A is 3 hours and 20 minutes exam, CM1B is 1 hour and 50-minutes Excel based exam. Scientific Calculator is allowed in exam.
In the CM subjects, the approximate split of assessment across the three skill types is 20% Knowledge, 65% Application and 15% Higher Order skills.
CM1
Price range: ₹23,000.00 through ₹27,500.00
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Watch the latest CM1 orientation session| Features | Full | EVP |
|---|---|---|
| Exclusive Video Lectures | ✓ | ✓ |
| Chapter Wise Summary Lists | ✓ | ✓ |
| Assignment/Tests/Mocks | ✓ | ✓ |
| Placement Assistance | ✓ | ✓ |
| Live Classes (Online/Offline) | ✓ | ✗ |
| Weekly Targets | ✓ | ✓ |
| Video Tracking | ✓ | ✓ |
| Marking on Test & Mocks | ✓ | ✓ |
| Q&A Portal | ✓ | ✓ |
| Validity | 1 Year | 1 Year |
CM1 – ACTUARIAL MATHEMATICS
About 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. |
Exam Format
| 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 |
Assessment Skill Split
| 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 CM1 from The Academic Junction?
| # | 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. |
CM1 Course Content
| 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. |
Exam Format
| 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 |
CM1 Syllabus
| # | 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% |
Assessment Skill Split
| 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 | |
Our Content
| Detail | Information |
|---|---|
| CM1 Detailed Content | For detailed content of CM1, please click on the attached file – CM1 Detailed Content File |
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