Definitive Guide to CP3 (Communication Practice)

Candidates are introduced to the ability to effectively write technical content for a non-technical audience in this subject. It is based on the notion that actuaries frequently have to write to non-specialists while working in technical and specialized situations. These communications must deliver the necessary information, yet without adding complexity.

The audiences for such communications could include:

• pension scheme trustees and insurance company non-executive directors. 
• CEOs, CFOs and other senior managers. 
• business managers across business functions such as customer services and marketing. 
• insurance brokers and financial advisors.

You can use this Study Guide to aid you as you progress through Subject CP3. You can use it as a resource at any time during your studies because it provides all the knowledge you will need before beginning to study Subject CP3 for the 2023 tests.

The guide is split into two parts: · 

Part 1 contains specific information about Subject CP3 ·

Part 2 contains general information.

1. Identify relevant information and appropriate content 
2. Use an effective structure
3. Adopt appropriate language
4. Include appropriate explanation 
5. Incorporate effective communication tools

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 In Subject CP3, the approximate split of assessment across these skill types is 85% Application and 15% Higher Order.

 Assessment consists of a 3-hour* examination. * The online exams provide an additional 5 minutes (i.e. 3 hours 5 minutes in total) for students to download and print the question paper.

The following skills are to be developed by applicants as a result of the CP3 subject: 

• Recognize acceptable written communication formats.
• Use language that is appropriate for a general readership.
• Identify the most important issues that need to be addressed and effectively communicate these.

A successful candidate will be able to do the following after completing the module:

•  1 create a suitable message in accordance with instructions to the caliber expected of a newly qualified actuary without the need for extensive redrafting

• 2 employ a sensible framework.

• 3 Choose language that the intended recipient(s) will comprehend, then utilize it.

• 4. Clearly and appropriately explain technical ideas.

• 5: Use appropriate communication tools (such as graphs, tables, and charts) to help express meaning.

• 6 properly reflect on how they handled a particular piece of communication.

The examination will be conducted in an actuarial setting and will include, but not be limited to, material from the core modules.

People are not required to finish their core courses before taking the CP3, but they may choose to do so.

The use of a particular command verb in a syllabus objective does not mean that this is the only way to pose a question about the subject matter of that objective. Any of the accepted command verbs listed in the document “Command verbs used in the Associate and Fellowship written examinations” may be used by examiners to pose a question on any subject covered by the syllabus

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Note : CS1, CS2, CM1, CM2 and CP2 Examinations will be conducted at Indian centres only.

Result Declaration Date: 30th January 2024, Tuesday

You will have taken numerous examinations and learned the study methods that work best for you. However, it is crucial to note that you cannot leave all of your revision to the last minute due to the skills development necessary in Subject CP3. Students who study thoroughly beforehand stand a better chance of passing the exam the first time around.

We advise you to practice a lot of exam-style questions as you get ready for the test.

queries with a time limit. You can use this to practice the precise abilities you’ll need to pass the test.

The sources for exam-style questions are numerous. Past exam papers, assignments, practice tests, and ASET are all options.

Your capacity for clear written communication with a non-actuarial/non-technical audience will be evaluated on the CP3 exam. A single written exam will make up the CP3 computer-based exam.

CP3 stands for Communications. Module summaries. Candidates are introduced to the ability to effectively write technical content for a non-technical audience in this subject.

Your capacity for clear written communication with a non-actuarial/non-technical audience will be evaluated on the CP3 exam. A single written exam will make up the CP3 computer-based exam.

Communication Techniques, or CP3. Your ability to effectively communicate with both technical and non-technical audiences will be evaluated in the CP3 subject.