CM2

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SKU: N/A Category: Actuaries

About Course

CM2 – LOSS RESERVING AND FINANCIAL ENGINEERING

Area	Description
Introduction	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.
Topics Covered	Theories of behaviour of financial markets, measures of risk, determining reserves for a non-life insurer and pricing options.
Theory & Practice	The subject includes theory and application of the ideas to real data sets using Excel.
What You Learn	This subject equips students with knowledge of financial markets, derivatives and reserving techniques using Excel.

Detail	Information
Number of Papers	2 Papers – CM2A and CM2B
CM2A Duration	3 hours and 20 minutes
CM2B Duration	1 hour and 50 minutes (tests Excel along with reserving and financial markets)
Exam Rule	Both papers must be taken at the same examination sitting. Failure to reach the overall pass mark will require both papers to be retaken.

Skill Type	Weightage
Knowledge	20%
Application	65%
Higher Order Skills	15%
In the CM subjects, the approximate split of assessment across the three skill types is 20% Knowledge, 65% Application and 15% Higher Order skills.

Why TAJ

#	Feature	Details
1	Experienced corporate faculties	With 13–14 exams cleared to make you understand the application of knowledge contained in the subject.
2	Classes available in all 3 modes	Classroom, Live Online and Videos.
3	Multiple small batches	To focus on personal interaction and development.
4	Regular assessments and feedback sharing	To discuss your improvement areas.
5	Detailed study plan and chapter-wise important topics	With detailed descriptions and main highlights.
6	Exclusive writing and discussion sessions	Oriented towards case studies and past paper discussions.
7	Regular doubt classes	To help you learn technical skills and clear your conceptual knowledge.
8	Regular contacts with companies and start-ups	To share your resume and prepare you accordingly for interviews.
9	In-depth training of Excel	To prepare you for the online exam.

Area	Coverage
Overview	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.
Topics	Theories of behaviour of financial markets, measures of risk, determining reserves for a non-life insurer and pricing options.
Application	The subject includes theory and application of the ideas to real data sets using Excel.

Detail	Information
CM2A	3 hours 20 minutes
CM2B	1 hour 50 minutes (Excel-based exam)
Calculator	A scientific calculator is allowed in the exam. However, you can use only one of the models from the list below. This can also be used for future exams.

#	Allowed Calculator Model	Note
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

#	Topic	Weightage
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%

Skill Type	Weightage
Knowledge	20%
Application	65%
Higher Order Skills	15%
In the CM subjects, the approximate split of assessment across the three skill types is 20% Knowledge, 65% Application and 15% Higher Order skills.

About Faculty

Faculty	Mr. Puneet Goyal
Aim	Comes with the sole aim of providing students with a plethora of information through his management skills and innovative teaching style.
Teaching Approach	Does not believe in books but in knowledge, and focuses on students learning and understanding concepts rather than mugging them up.
To know more about our faculty – Click on LinkedIn Profile