₹25,700.00
CM2 – Economic Modelling – Regular Course.
Faculty: Praveen Patwari
Course Duration: 200+ hours
CM2 Economic Modelling focuses on the application of mathematical and statistical techniques. It combines financial engineering, derivatives, and loss reserving methods to prepare actuaries for investment, risk, and insurance roles.These are required for valuing financial derivatives and modelling insurance liabilities, mainly focusing on understanding and applying models for option pricing, asset valuation, and reserving techniques. Alongside this, the related and required understanding of stochastic processes, risk-neutral valuation, and simulation methods to assess financial and insurance risks is also developed. It is available through both the institutes, the Institute of Actuaries of India (IAI) and the UK-based Institute and Faculty of Actuaries (IFoA).
CM2 covers both theoretical and practical topics like:
CM2 is divided into two parts:
| Component | Exam Format | Duration |
|---|---|---|
| CM2A – Theory | IAI: Computer-Based Objective + Subjective IFoA: Written theory (MS Word) |
3 hours 15 minutes |
| CM2B – Practical | Excel-based application test using real actuarial problems | 1 hour 45 minutes |
| Topic | Weightage |
|---|---|
| Rational economic theory | 10% |
| Measures of investment risk | 10% |
| Asset valuations | 30% |
| Liability valuations | 20% |
| Option theory | 30% |
| Institute | Passing Marks |
|---|---|
| IAI (India) | 50% (Fixed); 30% in both Paper A and Paper B |
| IFoA (UK) | 56%–65% (Varies by term) |
| Aditya Chaudhary | AIR 1 |
| Harsh Agarwal | AIR 1 |
| Mokshit Kothari | AIR 1 |
| Praveen Sancheti | AIR 1 |
| Sourav Sandhu | AIR 1 |
| Yash Agarwal | 90 |
| Girdhari Lal | 89 |
| Khyati Soni | 88 |
| Mrigank Agarwal | 86 |
| Nikhilesh Poddar | 86 |
| Juhi Goyal | 85 |
| Meghna Agarwal | 85 |
| Siddharth Sonthalia | 85 |
| Vandita Sarda | 85 |
Praveen Patwari is a Qualified Chartered Accountant and a FRM who has cleared 14 out of 15 Actuarial Science papers. He began teaching in high school and has trained 5000+ students. Known for his captivating attitude and intelligence, he has produced top scorers in Actuarial Science and other programs as well. His journey demonstrates persistence, discipline, and deep knowledge, making him a sought-after speaker. He has delivered sessions at prestigious institutions like SRCC, Miranda House, Hansraj College, Lady Shri Ram, St. Xavier’s College, BESC, Ramjas College, NM, NMIMS and HR College of Commerce.
