CM1: Actuarial Mathematics
What is CM1?
CM1 involves the use of mathematical prediction, and statistics to determine the price, predict the need for reserve and liquidity for future obligations and make sure that an insurer is protected against various risks he or she is exposed to. In other words, the role of actuarial science is to make an accurate business prediction and balance financial success with an acceptable level of risk. The use of actuarial science and its principles blinds decisions in the business, especially in insurance and provides a reasonable financial outcome for both business and consumers as the decisions are taken on solid evidence-based on sound calculations and probable future scenarios.
CM1A Theoretical Exam : 3 hours and 20 minutes computer-based exam (Word)
CM1B Practical Exam : 1 hour and 50 minutes computer-based exam (MS Excel).
CM1A Theoretical Exam : 3 hours and 15 minutes
CM1B Practical Exam : 1 hour and 45 minutes computer-based exam (MS Excel).
You must sit A + B papers in the same session.