CP1-Actuarial Practice - All English

CP1-Actuarial Practice – All English

₹25,700.00

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

Category:

CP1 – Actuarial Practice

Develop Expertise in Actuarial Applications, Risk Management and Professional Decision-Making

CP1 – Actuarial Practice is a Core Practices subject in the actuarial qualification pathway offered by the Institute and Faculty of Actuaries (IFoA), UK, and the Institute of Actuaries of India (IAI).

The subject integrates the mathematical, statistical, financial and economic concepts developed in the Core Principles subjects (CM1, CM2, CS1, CS2, CB1 and CB2) and applies them to real-world actuarial problems.

CP1 focuses on actuarial risk management, product development, pricing, reserving, capital management, investment strategies and professional judgement. It develops the ability to evaluate complex business situations, recommend appropriate solutions and communicate actuarial advice effectively.

Course Structure & Syllabus

CP1 combines actuarial principles with practical applications across insurance, pensions, investments and financial risk management.

Key Topics Covered:

  1. Actuarial Control Cycle & Professional Advice:
    Identifying business problems, developing actuarial solutions, monitoring outcomes, understanding stakeholder requirements and providing professional advice.
  2. Business Environment & Risk Governance:
    Regulatory frameworks, corporate governance, professionalism, ethical considerations, risk identification, risk classification and enterprise risk management.
  3. Product Design & Pricing:
    Designing financial and insurance products, understanding customer needs, setting assumptions, pricing methodologies and assessing product profitability.
  4. Valuation, Reserving & Capital Management:
    Valuation of assets and liabilities, actuarial reserves, capital requirements, solvency assessment and financial risk evaluation.
  5. Life Insurance, General Insurance & Pensions:
    Insurance product management, underwriting, claims management, reinsurance, pension funding, employee benefits and actuarial valuation.
  6. Investment & Asset-Liability Management:
    Investment strategies, asset allocation, matching assets and liabilities, investment risk assessment and financial management.
  7. Monitoring, Experience Analysis & Risk Control:
    Monitoring financial performance, analysing actual versus expected experience, reviewing assumptions, managing surplus and evaluating actuarial solutions.

The CP1 syllabus focuses on practical actuarial applications, professional judgement, financial risk management and business decision-making, developing essential competencies for actuarial practice.

Syllabus Topics & Weightages

The CP1 syllabus comprises five principal areas, with the following indicative weightages under the IFoA curriculum:

Topic Weightage
Actuarial Advice and Meeting Stakeholder Needs 5%
General Business Environment 20%
Specifying the Problem 15%
Developing the Solution 45%
Living with the Solution 15%
Total 100%

These weightages indicate approximate syllabus coverage. Actual question distribution may vary between examination sittings.

Examination Structure

CP1 consists of two compulsory written examination papers: CP1 Paper 1 (Theory) and CP1 Paper 2 (Case Studies).

Both papers must be attempted during the same examination sitting.

Particulars IAI (India) IFoA (UK)
Paper 1 – Theory Descriptive Descriptive
Paper 1 Duration 3 Hours 15 Minutes 3 Hours 20 Minutes
Paper 1 Weightage 50% 50%
Paper 2 – Case Studies Descriptive / Case-Based Descriptive / Case-Based
Paper 2 Duration 3 Hours 15 Minutes 3 Hours 20 Minutes
Paper 2 Weightage 50% 50%
Examination Mode Centre-Based Online In-Person at Exam Centres or Remotely Invigilated Online

Important Examination Guidelines

  • Paper 1 – Theory: Evaluates conceptual understanding, actuarial principles, business applications, risk management and professional judgement through written questions.
  • Paper 2 – Case Studies: Assesses the application of actuarial knowledge to practical business scenarios, requiring structured analysis, recommendations and professional reasoning.
  • Combined Assessment: Paper 1 and Paper 2 contribute equally, with a 50:50 weightage towards the final examination score.
  • IFoA Examination Mode: Students can indicate their preference to appear at an authorised examination centre or through remote online invigilation. Final allocation is subject to availability and IFoA examination guidelines.
  • IAI Examination Mode: Examinations are conducted online at designated examination centres in accordance with IAI’s examination arrangements.
  • Examination Requirements: Students must comply with their respective institute’s rules regarding permitted materials, examination software, answer presentation and examination conduct.

Passing Criteria

The passing requirements differ between IAI and IFoA.

Institute Passing Requirements
IAI (India) Minimum 30% in each paper and 50% aggregate
IFoA (UK) Combined marks must meet the pass mark determined for the examination sitting

Important Information:

  • Both Paper 1 and Paper 2 must be attempted in the same examination session.
  • IAI requires candidates to achieve at least 30% in each paper and 50% overall, with equal weightage assigned to both papers.
  • IFoA determines the passing mark for each examination sitting rather than applying a fixed passing percentage.
  • Candidates who do not clear CP1 must attempt both components again in a subsequent examination sitting.

Eligibility Criteria

CP1 is a Core Practices examination designed for students progressing towards advanced actuarial studies.

  • Students can pursue CP1 through the IAI or IFoA examination pathway, subject to the respective institute’s registration and eligibility requirements.
  • A strong understanding of the Core Principles subjects (CM1, CM2, CS1, CS2, CB1 and CB2) is recommended.
  • Prior completion of Core Principles examinations is beneficial, although IFoA does not require candidates to pass all of them before attempting CP1.
  • Students must fulfil the applicable membership, registration and examination entry requirements of their selected actuarial institute.

Learning Objectives

Studying CP1 develops the ability to:

  • Apply actuarial principles to practical business problems.
  • Understand and use the Actuarial Control Cycle.
  • Identify, measure and manage financial and insurance risks.
  • Evaluate product design, pricing, reserving and capital requirements.
  • Develop actuarial solutions for insurance and pension products.
  • Analyse investment strategies and asset-liability risks.
  • Apply professional judgement and ethical considerations.
  • Communicate actuarial recommendations clearly and effectively.

Practical Applications of CP1

The knowledge gained in CP1 is applicable across several actuarial and financial disciplines:

  1. Life & General Insurance: Product design, pricing, reserving, reinsurance, profitability analysis and capital management.
  2. Pensions & Employee Benefits: Pension funding, valuation of retirement benefits and management of long-term liabilities.
  3. Investment Management: Asset allocation, investment strategies, asset-liability matching and financial risk assessment.
  4. Enterprise Risk Management: Identifying, quantifying, monitoring and mitigating business and financial risks.
  5. Actuarial Consulting & Advisory: Providing actuarial advice, evaluating business decisions and communicating recommendations to management and stakeholders.

CP1 integrates the knowledge developed in the Core Principles subjects and establishes a strong foundation for advanced actuarial studies, particularly Specialist Principles (SP) and Specialist Advanced (SA) examinations.

Technical Requirements – AEI Learning Application

To access online classes, recorded lectures and digital study resources, students must ensure their devices meet the following minimum technical requirements of the Actuators Educational Institute (AEI) Learning Application.

Device / Platform Minimum Requirement
Android Android 9.0 or above
Windows PC / Laptop Windows 10 or above
iPhone / iPad (iOS) iOS 12.0 or above
MacBook / iMac (macOS) Apple M1 chip or above with macOS 14 or later
WHAT YOU WILL GET

Course Deliverables

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Recorded Lectures
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Softcopy of AEI Own Study Materials
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Access to Student Dashboard
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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
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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 Patwari is a Chartered Accountant (CA), Financial Risk Manager (FRM) and Associate of the Institute of Actuaries of India (AIAI), with additional professional credentials including CIRA, CCRA, CIDT, CIIB and NISM Series VIII (Equity Derivatives). With over 15 years of experience in finance, actuarial education, mentoring and professional training, he has built a strong reputation for simplifying complex concepts and guiding students across multiple professional pathways.

As the Founder and Lead Mentor at Actuators Educational Institute (AEI), Praveen has taught and mentored 50,000+ students across Actuarial Science, FRM, CFA, finance and related professional programmes. He has mentored numerous rankers and top-performing students and is a regular speaker at leading institutions including SRCC, Miranda House, Hansraj College, Lady Shri Ram College, St. Xavier’s College, NMIMS, Ramjas College, NM College and HR College of Commerce.

PLAYLIST

Demo Class Videos


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