This practical exam provides actuaries with more ‘rounded’ business skills and the prime emphasis is
on good communication when using and presenting spreadsheet work.
The focus of CP2 is about making clear what you have done, so that it can be followed by others.
You are required to use judgment and state your assumptions.
The solutions to past exams show approaches that would qualify as a
good pass standard over the two papers. However, it should be noted that these include more detail
than would ordinarily be possible within the time allowed for the examination.
This subject test knowledge of excel and documentation.
CP2 consists of 2 papers. CP2 Paper 1 and Paper 2 are both to be assessed in 3 hours and 20 mins exams each.