CP1-Actuarial Practice

CP1-Actuarial Practice

₹25,700.00

CP1: Actuarial Practice – Regular Course.
Faculty- Praveen Sancheti
Course Duration- 200+ Hours

Category:

📘 Actuarial Practice

CP1 Actuarial Practice is one of the most challenging and significant actuarial exams. It integrates the knowledge from all Core Principles papers (CM1, CM2, CS1, CS2, CB1, CB2) and applies them to real-world actuarial work. The paper tests not only technical knowledge but also the ability to apply actuarial concepts in practice, communicate findings clearly, and provide professional advice in a business context. It is available through both the institutes, the Institute of Actuaries of India (IAI) and the UK-based Institute and Faculty of Actuaries (IFoA).

🔍 Why is CP1 Important?

  • It is often regarded as the foundation of actuarial practice and one of the toughest exams to clear.
  • Covers all major practice areas – life insurance, general insurance, pensions, investments, and enterprise risk management.
  • Focuses on professional judgment and decision-making, not just formulas and calculations.
  • Teaches how to structure actuarial advice, write reports, and communicate to both technical and non-technical audiences.
  • Passing CP1 is a big milestone in an actuarial career and builds the base for Specialist Principles (SP) and Specialist Advanced (SA) exams.

🧠 Main Topics in CP1 (Subjective)

CP1 covers both theoretical and practical topics like:

  • Actuarial Control Cycle – framework for identifying problems, developing models, monitoring, and reviewing.
  • Professionalism & Ethics – principles actuaries must follow in practice.
  • Life Insurance: Product design, pricing, reserving, monitoring, and risk management.
  • General Insurance: Pricing, underwriting, claims reserving, reinsurance, and capital management.
  • Pensions & Employee Benefits: Valuation of schemes, risk factors, funding methods.
  • Investments: Asset classes, portfolio management, asset-liability matching, and investment strategy.
  • Risk Management: Types of risk (insurance, market, credit, operational), measurement, and control methods.
  • Communication: Structuring actuarial advice, reports, and stakeholder communication.

💼 Where Can You Use CP1 Knowledge?

  • Life & General Insurance: Designing and managing products, setting reserves, assessing profitability.
  • Pensions & Employee Benefits: Advising companies on funding pension schemes and benefit promises.
  • Investment & Asset Management: Matching assets and liabilities, developing investment strategies.
  • Enterprise Risk Management: Identifying, modeling, and mitigating business and financial risks.
  • Consulting & Advisory: Providing actuarial advice across industries, regulators, and government bodies.

📝 How to Prepare for CP1?

  • Revise all Core Principles (CM, CS, CB) to strengthen basics.
  • Focus on long-form answers – practice writing clear, structured, and concise responses.
  • Go through past papers and examiner’s reports to understand answer expectations.
  • After syllabus completion, do give the Full Mocks to test your preparation.

📑 Structure of CP1

CP1 is divided into two parts:

Component Exam Format Duration
CP1 – Paper 1 – Theory Theoretical exam – (MS Word) 3 hours 20 minutes
CP1 – Paper 2 – Theory Theoretical exam – (MS Word)3 hours 20 minutes 3 hours 20 minutes

📚Topics Covered and their Weightings

Topic Weightage
Actuarial advice and meeting the needs of stakeholders 5%
General business environment 20%
Specifying the problem 15%
Developing the solution 45%
Living with the solution 15%

📊 Passing Criteria

Institute Passing Marks
IAI (India) 50% (Fixed); 30% marks in each individual paper
IFoA (UK) 56%–65% (Varies by term)
WHAT YOU WILL GET

Course Deliverables

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Recorded Lectures
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Access to Student Dashboard
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Soft Copy of Resources
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Technical Support
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Weekend Live Classes
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Mock Test with Detailed Evaluation (1 Set)
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Hard Copy of AEI Own Compiler & PPT
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Course Extension (2 More Terms)
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Interactive Q & A Forum

Vandita SardaAIR 1
Surbhi Ginoria69
Ishita Saraogi67
Arshia Singha66
Kavya Khemka66
Akshita Kedia65
Sneha Banerjee64
Adarsh Agarwal63
Khyati Soni63
Manchite Chowdhary63
Soham Kupale63
Vanshika Gupta63

FACULTY

Meet The Instructor


Praveen Sancheti is a qualified Chartered Accountant (AIR 11 and AIR 15), CFA (All levels cleared) with a stellar record of academic success, having conquered Actuarial Science with AIR 1 in 4 sittings. Besides a rich background in Investment Banking and Investment Management spanning over 7 years, Praveen’s passion for teaching since childhood led him to co-found Actuators in 2015. Praveen spearheads the teaching of CP1, one of the lengthiest papers in the Actuarial curriculum, delivering complex concepts in a simple and effective manner that resonates with students, particularly those who are balancing work commitments.
Praveen also serves as a mentor to aspiring professionals. Determined to motivate and support the upcoming generation of Actuarial and Finance experts, Praveen aims to create a lasting impact through knowledge and mentorship.

PLAYLIST

Demo Class Videos


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