Actuarial Science

Definitive Guide to CP3 (Communication Practice)

cp3 actuarial science

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.

Subject CP3 - Communication Practice

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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Exam Skills & Assessment

Exam skills

 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.

Aims & Competences


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.

Links to other subjects & Skill level

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

Actuarial Science CP3 Demo Lectures



Exam Details :

Exam Fees

Core Principles
1 CS1 – Actuarial Statistics 5000 Not Applicable
2 CS2 – Risk Modelling and Survival Analysis 5000 Not Applicable
3 CM1 – Actuarial Mathematics 5000 Not Applicable
4 CM2 – Financial Engineering and Loss Reserving 5000 Not Applicable
5 CB1 – Business Finance 3000 7500
6 CB2 – Business Economics 3000 7500
7 CB3 – Business Management 10000 10000
Core Practices
8 CP1 – Actuarial Practice 8000 20000
9 CP2 – Modelling Practice 10000 Not Applicable
10 CP3 – Communications Practice 8000 20000
Specialist Principles Stage (SP)
11 SP1 – Health and Care 6000 15000
12 SP2 – Life Insurance 6000 15000
13 SP4 – Pension and Other Benefits 6000 15000
14 SP5 – Investment and Finance  6000 15000
15 SP6 – Financial Derivatives 6000 15000
16 SP7 – General Insurance Reserving and Capital Modelling 6000 15000
17 SP8 – General Insurance – Pricing 6000 15000
Specialist Advanced Stage (SA)
18 SA1 – Health and Care 7500 18750
19 SA2 – Life Insurance 7500 18750
20 SA3 – General Insurance 7500 18750
21 SA4 – Pension and Other Benefits  7500 18750
22 SA7 – Investment and Finance 7500 18750


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

Exam Dates

    Day and Date Forenoon Afternoon
    Subject   From to   Subject     From to


CB1 Business Finance

   SP1 Health and Care

1   0.15 – 13.30 Hrs.


   10.15 – 13.30 Hrs.

  CP1A Actuarial      PPractice   14.45 – 18.00 Hrs.


    CB2 Business         EEconomics

    SP2 Life Insurance

10.15 – 13.30 Hrs.

10.15 – 13.30 Hrs.

CP1B Actuarial Practice   14.45 – 18.00 Hrs.  


  SP5 Investment and    F finance 10.15 – 13.30 Hrs. SA1 Health and Care

SA2 Life Insurance

SA3 General Insurance

SA4 Pensions and Other Benefits

   SA7 Investment and     Ffinance

1  4.45 – 18.00 Hrs.


CS1A Actuarial Statistics

   SP4 Pensions and     Other


10.15 – 13.30 Hrs.

10.15 – 13.30 Hrs.

  CS2A Risk Modelling and  Survival


   SP7 General Insurance

   Reserving and Capital       M Modelling

1 4.45 – 18.00    Hrs.

   14.45 – 18.00 Hrs.



    CM1A Actuarial    mMathematics



    SP6 Financial            Derivatives

    10.15 – 13.30 Hrs.

    10.15 – 13.30 Hrs.

  CM2A Financial       Engineering and Loss


   SP8 General Insurance :         P Pricing

14.45 – 18.00 Hrs.

14.45 – 18.00 Hrs.



  CS1B Actuarial Statistics

(   Computer based-R)


10.15 – 12.00 Hrs. CS2B Risk Modelling and Survival

Analysis (Computer based-R)

14.45 – 16.30 Hrs.


CM1B Actuarial Mathematics

(Computer based-Excel)

CP3 Communication Practice

(Computer Based- Word)  

10.15 – 12.00 Hrs.

10.15 – 13.30 Hrs

CM2B Financial Engineering and Loss Reserving (Computer based-Excel) 14.45 – 16.30 Hrs.
3   30 -11-2023


    CP2A Actuarial      Modelling

(Computer based-Excel)

    10.15 – 13.30 Hrs.   CP2B Actuarial Modelling

(Computer based-Excel)

1 4.45 – 18.00 Hrs.


9.30  Room Preparation 14.00  Room Preparations
10.00  Students enter room 14.30 Students enter room
10.15 – 13.30  Exam Duration 14.45 – 18.00  Exam Duration


Result Declaration Date: 30th January 2024, Tuesday

Exam Center

Code Center Name Code Center Name
1 Mumbai 9 Jaipur
2 Delhi 10 Ahmedabad
3 Kolkata 11 Lucknow
4 Bangalore 12 Chandigarh
5 Gurgaon 13 Indore
6 Chennai 14 Kochi
7 Pune 15 Coimbatore
8 Hyderabad 16 Guwahati

Revision & Exam Skills

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.

Frequently Asked Questions

1. What is CP3 in actuarial science ?

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.

2. What is CP3 IFoA?

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.

3. How long is the CP3 exam?

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.

4. What is CP3 Actuary?

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