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.
Related products
Testimonials
Our Students love us
