CM2: Actuarial Mathematics
What is CM2?
Financial Engineering and Loss Reserving (CM2) provides a foundation in actuarial modelling principles, with a focus on stochastic asset-liability models and the valuation of financial derivatives. It provides the student with knowledge of financial market behaviour theories, risk measures, determining reserves for a non-life insurer, and price options. The course covers both theory and the application of concepts to real-world data sets using Excel.
Exam Format
IFoA
CM2A Theoretical Exam : 3 hours and 20 minutes computer-based exam (Word)
CM2B Practical Exam : 1 hour and 50 minutes computer-based exam (MS Excel).
IAI
CM2A Theoretical Exam : 3 hours and 15 minutes
CM2B Practical Exam : 1 hour and 45 minutes (MS Excel).
You must sit A + B papers in the same session.
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