Actuarial Statistics (CS1) is designed to give students a foundation in mathematical and statistical methods that are relevant to actuarial work. It teaches students about statistical distributions, data summarization methods, statistical inference principles, regression models (including generalised linear models), and Bayesian statistics fundamentals. The course covers both theory and application of concepts in R.

Subject CS2 builds directly on this subject's content. In subjects CM1 and CM2, the material in this subject is applied to actuarial modelling.

Exam format:


IFoA
CS1A Theoretical Exam : 3 hours and 20 minutes computer-based exam (Word) CS1B Practical Exam : 1 hour and 50 minutes computer-based exam (Word and R).

IAI
CS1A Theoretical Exam : 3 hours and 15 minutes computer-based exam (Word) CS1B Practical Exam : 1 hour and 45 minutes computer-based exam (Word and R).

You must sit A + B papers in the same session.
CS1 Syllabus : https://www.actuaries.org.uk/system/files/field/document/CS1-Syllabus-2022.pdf
IFoA Past Exam Papers - https://www.actuaries.org.uk/studying/prepare-your-exams/past-exam-papers-and-examiners-reports

IAI Past Exam Papers - http://www.actuariesindia.org/subMenu.aspx?id=225&val=Subject_Wise

Demo videos - https://www.sankhyiki.in/demo-classes.php

CS1 Faculty
Akshay Chauhan

FOUNDER & DIRECTOR
Faculty for CS1, CS2, Data Science with R and Bimankik


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Sachi Shah Actuarial Science Student, DTH

It was really a nice experience working with this prestigious institution. I am really thankful to AKSHAY sir for helping me throughout the whole year with full dedication & bringing the best in me. It was never possible without such a great & knowledgeable teachers. Thankyou sir, for showing me a suitable and best career path.

Esha Gupta Actuarial Science Student, North Campus Centre

I took DTH classes from Sankhyiki for CS1 and I had a great experience. All the possible doubts that a student can come up with while studying this was cleared in the video lectures itself. Also the mock papers provided were very helpful. Akshay sir is the best in statistics. He is just amazing when it comes to understanding fundamental concepts. Though the course is very professional and tough but with Akshay sir it is just so smooth and easy to understand. His explanation for every concept and numericals is so very understandable. Honestly i have developed so much interest in statistics because of the simplicity with which sir has taught. Also I am looking forward to extend my knowledge with sankhyiki.

Aishwarya Kulkarni Actuarial Science Student, DTH

I have been a student of this institute since last year and I must say that this is one of the best coaching centres as it has given remarkable results consistently . Teachers here have an exceptional and in-depth knowledge on the arena of Actuarial subjects and probably the best teachers in Delhi, who always motivate students to achieve greater heights and bring out the best in them.

Trishala Malik Actuarial Science Student, Satya Niketan Centre

Who is an Actuary?

The Actuarial Profession is a niche one with many not even knowing a whole lot about it. This makes the circle of Actuaries an exclusive group of curious, highly skilled and greatly respected people. Actuaries “sit in the control room of an insurance company” in some sense. They price policies, predict the need for reserves and liquidity to meet future obligations and ensure that insurers are protected against the various risks that they are exposed to. This means they are very well compensated and highly regarded for their work.

Actuaries tend to be people who get their daily dose of excitement from problem-solving. Whether they are working as consultants to insurance firms or working on the carrier side (with the insurer itself), they always take it upon themselves to study the market, the risks it exposes their client/firm to and try to strategize accordingly. The work is challenging and exciting, with there being loads to learn.

Whether you are a "specialist" who likes to delve deep into topics, or possess the temperament of a “polymath” who likes to know a little about everything, this profession is for you. You can on one hand, use your mathematical and statistical skills to find better ways to price policies to respond to market conditions better, or instead, apply your skills to offering risk management advice to your various clients offering you various challenging problems to solve.

Long story short, Actuaries are unique individuals for a penchant in finding sustainable ways out of problems and making educated guesses and technically backed forecasts of what’s going to happen next. Whether it is to do with forecasting the development of future claims on their firm’s policies or computing the probability of someone winning a game of poker! Numbers and they are the best of pals and with a sprinkling of their sane judgment, an actuary aims to interpret the world around them and make it better for the people who are a part of it.