CP1

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SKU: N/A Category: Actuaries

About Course

CP1 – ACTUARIAL PRACTICE

Area	Description
Introduction	Actuarial Practice (CP1) builds on the technical material covered in all the earlier subjects and uses the techniques learnt to solve practical problems that might arise in any area in which actuaries practice.
Approach	Uses the techniques from earlier subjects to solve actuarial problems and case studies.
Risk Management	Additional material on risk management is introduced as an essential introduction to the Chartered Enterprise Risk Actuary (CERA) qualification.
Exam Scope	Questions may be set on any area of work in which actuaries participate, including wider fields such as banking, environmental issues, management of natural resources, and other topics.
Knowledge Assumed	Questions will not require technical knowledge beyond the material covered in CP1 and the Actuarial Statistics, Actuarial Management and Business subjects, but a general understanding of the business, commercial, social and natural environment will be assumed.

Detail	Information
Number of Papers	2 Papers – CP1A (Paper 1) and CP1B (Paper 2)
Assessment Duration	3 Hours 20 Minutes (each paper)
Marking	Each paper is marked out of 100 and the scores of both papers are aggregated
Passing Rule	No requirement to pass or reach a minimum standard on either paper on a stand-alone basis

Skill Type	Overall	Paper 1	Paper 2
Knowledge	20%	30%	10%
Application	50%	55%	45%
Higher Order Skills	30%	15%	45%
Paper 1 primarily tests Knowledge and Application skills. Paper 2 primarily tests Application and 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 assignments 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	Writing & discussion sessions – our USP	It’s not only about writing, it’s about what to write and how much to write – taken by the All India ST4 Topper.
9	Handwritten notes	For each and every chapter.

Area	Coverage
Overview	Actuarial Practice (CP1) builds on the technical material covered in all the earlier subjects and uses the techniques learnt to solve practical problems that might arise in any area in which actuaries practice.
Risk Management	Additional material on risk management is introduced as an essential introduction to the Chartered Enterprise Risk Actuary qualification.

Detail	Information
CP1 Paper 1	3 hours 20 minutes
CP1 Paper 2	3 hours 20 minutes
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

Skill Type	Overall	Paper 1	Paper 2
Knowledge	20%	30%	10%
Application	50%	55%	45%
Higher Order Skills	30%	15%	45%
Paper 1 primarily tests Knowledge and Application skills. Paper 2 primarily tests Application and Higher Order skills. Each paper is marked out of 100 and the scores are aggregated. There is no requirement to pass either paper on a stand-alone basis.

About Faculty

Faculty	Mrs. Silky Goyal
Background	Coming straight from the industry and now at a place where her heart lies.
Founder	A visionary on the path of becoming an actuary, she laid the foundation of The Academic Junction.
Teaching Style	Corporate experience combined with on-job training helps her blend real-life experiences with theoretical concepts, making theory subjects practical and more interesting.
To know more about our faculty – Click on LinkedIn Profile