Loss Reserving and Financial Engineering (CM2) provides a grounding in the principles of actuarial modelling, focusing on stochastic asset-liability models and the valuation of financial derivatives. It equips the student with a knowledge of the theories of behaviour of financial markets, measures of risk, determining reserves for a non-life insurer and price options. The subject includes theory and application of the ideas to real data sets using excel.
This subject equips the students with knowledge of financial markets, derivatives and reserving techniques using excel.
This will be examined in a set of 2 papers. CM2A is 3 hours and 20 mins paper and CM2B is 1 hour 50 minutes exam and tests Excel programming along with reserving and financial markets. Both elements need to be taken at the same examination sitting. Failure to reach the overall pass mark will require both elements of assessment to be retaken.
In the CM subjects, the approximate split of assessment across the three skill
types is 20% Knowledge, 65% Application and 15% Higher Order skills.
CM2
₹22,000.00
Course: CM2
Faculty: Mr. Puneet Goyal
Why CM2 from The Academic Junction??
CM2 (Loss Reserving and Financial Engineering) Course Content
Loss Reserving and Financial Engineering (CM2) provides a grounding in the principles of actuarial modelling, focusing on stochastic asset-liability models and the valuation of financial derivatives. It equips the student with a knowledge of the theories of behaviour of financial markets, measures of risk, determining reserves for a non-life insurer and price options. The subject includes theory and application of the ideas to real data sets using excel.
Exam format:
CM2A is 3 hours and 20 minutes exam, CM2B is 1 hour and 50 minute excel
based exam.
Scientific Calculator is allowed in exam. However, you can use only one of the models from the list below. This can also be used for future exams.
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)
CM2 SYLLABUS
1 Theories of financial market behaviour (15%)
2 Measures of investment risk (15%)
3 Stochastic investment return models (10%)
4 Asset valuations (20%)
5 Liability valuations (20%)
6 Option theory (20%)
In the CM subjects, the approximate split of assessment across the three skill
types is 20% Knowledge, 65% Application and 15% Higher Order skills.
Mr. Puneet Goyal
He comes with a sole aim of providing students with plethora of information with his management skills and innovative teaching style. He does not believe in books but instead on knowledge and focuses students to go for learning and understanding concepts rather than mugging them.
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CM2A Content Lectures
| CM2 Orientation Session | 01a CM2 Planning Session April May 2024 | 02 CM2 Ch1 |
| 03 CM2 Ch 1 and 2 | 04 CM2 Ch 2 | 05 CM2 Ch 2 |
| 06 CM2 Ch 2 and 3 | 07 CM2 Ch 3 | 08 CM2 Ch 4 |
| 09 CM2 Ch 4 | 10 CM2 Ch 5 | 11 CM2 Ch 5 |
| 12 CM2 Ch 6-8 | 13 CM2 Ch 6-8 | 14 CM2 Ch 6-8 |
| 15 CM2 Ch 6-8 | 16 CM2 Ch 9 and 11 | 17 CM2 Ch 9 |
| 18 CM2 Ch 10 | 19 CM2 Ch 10 | 20 CM2 Ch 12 |
| 21 CM2 Ch 12 | 22 CM2 Ch 12 | 23 CM2 Ch 14 |
| 24 CM2 Ch 14 | 25 CM2 Ch 15 | 25a CM2 Ch 15 Extra Lecture |
| 26 CM2 Ch 14-15 | 27 CM2 Ch 16-17 | 28 CM2 Ch 16-17 |
| 29 CM2 Ch 16-17 | 30 CM2 Ch 21 | 31 CM2 Ch 21 |
| 32 CM2 Ch 19 | 33 CM2 Ch 18 | 34 CM2 Ch 18 |
| 35 CM2 Ch 18 and 20 | 36 CM2 Ch 20 | 37 CM2 Ch 20 |
| 38 CM2 April 2021 Exam Analysis Session | 39 CM2 Ch 15 Extra Video | 40 CM2 Ch18 pt1 (Updated 2024) | 41 CM2 Ch18 pt2 (Updated 2024) |
CM2 Part B Lectures
| 01 CM2B Basic Excel Class 1 | 02 CM2B Basic Excel Class 2 | 03 CM2B Class 3 |
| 04 CM2B Class 4 | 05 CM2B Class 5 | 06 CM2B Class 6 |
| 07 CM2B Class 7 | 08 CM2B Class 8 | 09 CM2B Class 9 |
| 10 CM2B Past Papers Class 10 |
Revision Lectures
| Chapter 9 Pt1 (2024) | Chapter 9 Pt2 (2024) | Chapter 20 Pt1 (2024) |
| Chapter 20 Pt2 (2024) | Chapter 20 Pt3 (2024) | Chapter 11 (2024) |
Summary Lists
| CM2_Summary List_1 | CM2_Summary List_2 | CM2_Summary List_3 | CM2_Summary List_4 |
Assignments
| CM2_Assignment_1 | CM2_Assignment_2 | CM2_Assignment_3 | CM2_Assignment_4 |
Unit Tests
| CM2 Unit Test 1 | CM2 Unit Test 2 | CM2 Unit Test 3 | CM2 Unit Test 4 |
Mock Tests
| CM2 Mock Test 1 | CM2 Mock Test 2 |
Mock Assignments
| CM2 Mock Assignment 1 | CM2 Mock Assignment 2 |
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