1. ABOUT ACTUARIES
Actuarial Science is one of the most demanding professional courses and the Demand for Actuaries in the near future is inevitable. An actuary is a business professional who deals with the measurement and management of risk and uncertainty. These risks can affect either side of the balance sheet and require asset and liability management, and valuation skills. The profession has been consistently been ranked as one of the most desirable.
Institutes
There are many Institutions which offer Actuarial Science Course such as:
Society of Actuaries- USA.
Indie of Actuaries- Australia.
Institute of Faculty of Actuaries- UK based.
Canadian institute of Actuaries.
New Zealand Society of Actuaries.
Institute of Actuaries of India- India based.
Actuarial Society of South Africa.
In India, however, the most notable Institutes are Institute of Faculty of Actuaries(IFoA), UK and Institute of Actuaries in India(IAI), India
Structure of Exams
The Actuarial Science is a 13 Examination rigorous course divided into the following series. There are two levels- Associateship and Fellowship.
CM series
- CM1- Actuarial Mathematics
- CM2- Financial Engineering and Loss Reserving.
The CM series has two exams – Written-based (3 hours 15 minutes) and Excel based (1 hour 45 minutes)
CS Series
- CS1- Actuarial Statistics
- CS2- Risk Modelling and Survival Analysis
The CS Series has two exams- Written-based(3 hours 15 minutes) and R based(1 hour 45 minutes)
CB Series
- CB1- Business Finance
- CB2- Business Economics
- CB3- Business Management
CP Series
- CP1- Actuarial Practice
- CP2- Modelling Practice
- CP3- Communications Practice.
SP Series– Specialist Principles is a series of 9 different streams.Two of these must be passed to obtain Fellowship.
SA Series– Specialist Advanced is a series of 6 advanced subjects. One of these is required to pass to obtain Fellowship.
Employers of Actuaries:
- Life Insurance companies
- Pension funds
- General Insurance companies
- Healthcare Providers
- The government’s Actuaries Department
- Actuarial consultancies
- Investment banks
- Accountancy firms
- Management consultancies
- Reinsurance companies
2. ACET : ACTUARIAL COMMON ENTRACE TEST
In order to get registered with IAI, one need to clear Actuarial Common Entrance Test commonly known as ACET. ACET examinations are held twice in a year, commonly in June December.
ACET, as the name suggests, is a MCQ based Common Entrance Test of 3 hours, which comprises of 100 marks distributed among 5 major sections:
1. Mathematics
2. Statistics
3. Data Interpretation
4. English
5. Logical Reasoning.
Like other Common Entrance Tests, ACET tests a candidate’s mathematical and reasoning skills and assess communication skills through English comprehension. In addition, it tests basic statistical knowledge and data-interpretation, qualities which will be required in the Course as one progresses through it.
One needs to visit the official website of IAI www.actuariesindia.org and get themselves registered for the exam.
3. CM1: ACTUARIAL MATHEMATICS
The course of CM1 helps students form a very strong base in the field of Finance, Banking and Insurance .
Why CM1 is one of the most important papers?
- It forms the concept base for all other Actuarial Papers.
- You will get a head start in the world of finance.
- You will learn about pricing and Reserving of Insurance policies.
- Most of the Job Interview questions are based on CM1 paper.
- It helps you capture the Financial Operations in the banking domain and have a good understanding of the banking products.
Actuators have an excellent track record of completing the vast syllabus well before time so that students have ample time for revision and mock examinations conducted by us. Our doubts sessions help students in their conceptual clarity of the subject. Regular classes are conducted for Paper A& B along with lots of assignments in class so that students get a very good grasp of the course.
Regular Group and Personal doubt sessions are held for both parts( A& B )which help students to learn from other’s doubts and enhance their knowledge.
Our consistency is our strength.
Find our videos on Actuarial Mathematics CM1 on our YouTube channel Actuators Educational Institute. Subscribe and Like for more videos.
Link for CM1 videos
https://www.youtube.com/playlist?list=PLU-wIEYSmVYF sGtl36oIWodQZnj28vhT
Actuators Fame Frame:
IAI CM1 toppers from our Institute:
Kunal Tibrewal – CM1 AIR 1 ( NOV 2019 TERM – IAI )
Meghna Agarwal – CT5 & CT4 AIR 1 ( APRIL 2018 – IAI )
Out of 8 students passing the CM1 from IAI June 2019 in Kolkata, 7 were from Actuators Educational Institute.
IFOA CM1 toppers from our Institute:
Vandita Sarda- 93
Siddharth Sonthalia- 91
Manchite Chaudhary-91
Sejal Nathany – 84
Shresth Poddar – 84
Anoushka Kothari-82
Chirag Agarwal – 80
CT 1: Financial Mathematics
Mrigank Agarwal-95
Ankit Singhania-93
Yash Marda- 93
Shivangee Agarwal- 92
Simran Choudhary- 91
Surbhi Ginoria- 90
Archit Agarwal-90
CT5: Contingencies
Honey Agarwal- 96
Shivangee Agarwal- 94
Adarsh Agarwal 93
Muskaan Agarwalla-92
Abhishek Mittal- 91
Shashank Jaiswal- 89
4. CS1: ACTUARIAL STATISTICS
CS1 forms the foundation for almost all the other papers that you will have to appear in your Actuarial career.
And shouldn’t your base be strong before proceeding?
Generally, statistics is a boring subject, but have you ever attended Praveen Sir’s class? Because then you would not find it boring!
And hey, can you solve a big sum in just a few minutes using R programming? Oh, it’s a very interesting programming tool. Almost all the corporates use this for data analysis. We start with the basics of R programming so that students get a head start. We have several assignments prepared for students to get a grasp over this new programming language.
Studying the theoretical concepts is one thing and applying it in the real world is another. We at our institute teach everything from scratch so that students feel comfortable in having a good grasp of the content.
Actuators Educational Institute has an excellent track record of completing the vast syllabus well before time so that students have ample time for revision & take the mock examinations conducted by us. Our doubts classes help students in their conceptual clarity of the subject.
Regular classes are conducted for papers A& B along with lots of assignments in class so that students get a very good grasp of the course.
Regular Group and Personal doubt sessions are held for both parts( A & B )which help students to learn from other’s doubts and enhance their knowledge& have no doubts left in mind.
Find our videos on Actuarial Statistics CS1 on our YouTube channel Actuators Educational Institute. Subscribe and Like for more videos.
Link for CS1 videos-
https://www.youtube.com/playlist?list=PLU wIEYSmVYHuEM5HhxwZBO1Tm9ucaT5D
Our Wall Of Fame :
CS1:Actuarial Statistics Abhishek Agarwal – 84 Jayshree Agarwal – 81 Ayan Goenka – 79
Tanya Jajodia – 79
MahimaAgarwal – 79 Chahat Sharma – 78
November 2019 IAI
CT3:Actuarial Statistics Adarsh Agarwal – 97 Arushi Modi – 91
Adarsh Agarwal – 90 Cherry Agarwal – 89 Shubham Bhimrajka – 88 Shivangee Agarwal – 87 Kriti Kumari– 83
The only student to clear CS1 from Kolkata was from Actuators Educational Institute – Harsh Jajodia.
5. CM2 : FINANCIAL ENGINEERING & LOSS RESERVING
This Paper gives an insight into the world of Finance, stock markets & stochastic calculus. It is one of the most interesting and difficult papers of Actuarial science. Praveen sir who specializes in this field, has taught 300+ students of CT8 and CM2.
Actuators Educational Institute has an excellent track record of completing the vast syllabus well before time so that students have ample time for revision & take the mock examinations conducted by us. Our doubts classes help students in their conceptual clarity of the subject.
Regular classes are conducted for papers A & B along with lots of assignments in class so that students get a very good grasp of the course.
Regular Group and Personal doubt sessions are held for both parts( A& B )which help students to learn from other’s doubts and enhance their knowledge& have no doubts left in mind.
Find our videos on Financial Engineering and Loss Reserving CM2 on our YouTube channel Actuators Educational Institute. Subscribe and Like for more videos.
Link for CM2 videos
https://www.youtube.com/playlist?list=PLU wIEYSmVYEQpNZKFSFIKckgKSpyakpT
Our accomplishments:
CM2:Finacial Engineering and Loss Reserving
Meghna Agarwal 85
Abhishek Agarwal 83
Anoushka Kothari 80
Yash Chowdhary 80
Tanya Khetan 76
Adarsh Agarwal 74
June 2019 IAI
CT8:Finacial Engineering and Loss Reserving
Shivangee Agarwal – 81
Yashmarda – 76
Simran Chaudhary – 74
Shagun Gupta – 73
Arushi Modi– 71
The only student to clear CM2 from Kolkata was from Actuators Educational Institute – Sakshi Gupta
6. CS2 : RISK MODELLING & SURVIVAL ANALYSIS
It is a combination of CT4 and CT6 along with R programming language. CS2 is one of the most difficult papers of the Core Principle series.
We at Actuators Educational Institute, make this subject amazingly simple for students by explaining everything in detail.
We believe in making the concepts crystal clear. A lot of revision classes and mocks are also conducted.
R is one of the most important programming languages which is used in today’s world. We start with the basics of R programming so that students get a head start. We have several assignments prepared for students to get a grasp over this new programming language.
Actuators Educational Institute has an excellent track record of completing the vast syllabus well before time so that students have ample time for revision & take the mock examinations conducted by us. Our doubts classes help students in their conceptual clarity of the subject.
Regular classes are conducted for papers A& B along with lots of assignments in class so that students get a very good grasp of the course.
Regular Group and Personal doubt sessions are held for both parts( A& B )which help students to learn from other’s doubts and enhance their knowledge& have no doubts left in mind.
Find our videos on Risk Modelling and Survival Analysis CS2 on our YouTube channel Actuators Educational Institute. Subscribe and Like for more videos.
Link for CS2 videos
https://www.youtube.com/playlist?list=PLesroV1rdu8ynn8GVvgW61NV19Vu5NTON
Our accomplishments
IAI June 2019-
Out of 12 students who cleared the paper in India, 3 were from our institute.
Our Top Scorers
Prachi Thakkar- 82
Harshita Kedia- 80
Simran Chaudhary- 77
Adarsh Agarwal- 70
Get an Opportunity to learn from one of the best Faculty for Subject CS2 7. CB1: BUSINESS FINANCE
Earlier known as CT2 is a good blend of Accounts, Financial Reporting, Finance, Budgets, Taxation, Project appraisal and Financial Statements. We at AEI try to make it very easy as we have 2 Qualified Chartered Accountants taking up charge of CB1 to ensure students not only just study the paper but understand the depth of it!
Actuators Educational Institute has an excellent track record of completing the vast syllabus well before time so that students have ample time for revision & take the mock examinations conducted by us. Our doubts classes help students in their conceptual clarity of the subject.
Regular classes are conducted along with lots of assignments in class so that students get a very good grasp of the course.
Regular Group and Personal doubt sessions are held which help students to learn from other’s doubts and enhance their knowledge& have no doubts left in mind.
Find our videos on Business FinanceCB1 on our YouTube channel Actuators Educational Institute. Subscribe and Like for more videos.
Link for CB1 videos- https://www.youtube.com/playlist?list=PLU-wIEYSmVYEyTLtdUTTME10- -nPazSVQ
8. CB2 : BUSINESS ECONOMICS
It is an extension of an earlier CT7 paper, with many new topics and chapters. It covers the Micro and Macro portions of economics in depth with a lot of case studies and graphical analysis.
The faculty for CB2- Ms. Shivangee Agarwal is herself AIR 1 in CT7, March 2018 (IAI). With complete and simplified notes and hand-drawn diagrams, the study becomes simple. The classes are regular & extensive with almost all questions solved in class.
Actuators Educational Institute has an excellent track record of completing the vast syllabus well before time so that students have ample time for revision & take the mock examinations conducted by us. Our doubts classes help students in their conceptual clarity of the subject.
Regular classes are conducted along with lots of assignments in class so that students get a very good grasp of the course.
Regular Group and Personal doubt sessions are held which help students to learn from other’s doubts and enhance their knowledge& have no doubts left in mind.
Find our videos on Business EconomicsCB2 on our YouTube channel Actuators Educational Institute. Subscribe and Like for more videos.
Link for CB2 videos
https://www.youtube.com/playlist?list=PLUwIEYSmVYFHSv1VcebtjXXAEnkeIm5k
9. LIFE INSURANCE WORKSHOP
Life Insurance Workshop is an Industry based Professional Upgradation Programme Initiative, for students in their Final Year of Graduation or with CT1 and CT5 cleared, taken by Actuators Educational Institute by Mentor Praveen Patwari and Ms. Priyanka Mittal with 2.5+ years of experience in the life insurance domain.
- Ever wondered how an Actuary works in the Professional world?
- Do you the risk faced by a Life Insurance Company and how these affect the profitability of its products?
- Know how to calculate Mortality rates, Interest rates and Persistency Ratios actually used in real life Cashflow Projections?
The Workshop is divided into 4 modules, each module focusing on specific areas of the Actuarial Insights:
- Understanding the basis of Life Insurance – analysing risk factors, movement of the in-force policy, Assumptions, Cashflows and Sources of Profit, Data Analysis using Model points.
- Reserving– why hold reserves, how to create reserves, Modelling reserves in Excel, Solvency Margin
- Profitability– Reinsurance, Profit projection on Excel, New Business Margin on Market Consistent Basis.
- Pricing– Pricing Process, Pricing model of a Non-Participating Traditional Product on Excel, Finding Premium Rates by running various scenarios on VBA
This workshop will answer all your queries related to real-life scenarios and give you exposure into the Corporate world.
It is a Bridge Course to link
WHAT YOU LEARN IN ACTUARIES ======= WHAT YOU DO IN ACTUARIES.
In the growing competitive Actuarial Domain, this will help you in giving a cutting edge and convert your opportunities into jobs.
