CP2-Modelling Practice

14,000.00

CP2: Modelling Practice – Regular Course.
Faculty: Shivangee Agarwal
Course Duration: 100+ Hours

Category:

📘 Modelling Practice

CP2 Modelling Practice tests how well you can build, check, document, and communicate actuarial models. It brings together techniques from CM/CS papers and focuses on turning business problems into transparent, auditable Excel models and clear, decision-ready reports.. 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 CP2 Important?

  • Moves from “knowing” to doing: hands-on modelling, diagnostics, and communication.
  • Ensures models are robust, fit-for-purpose, and understandable to stakeholders.
  • Mirrors real actuarial work in life, general insurance, pensions, investments, and ERM.
  • Builds the modelling discipline needed before SP/SA papers and professional roles.
  • You should give CP3 (Communication Practice) along with CP2 – a good combo for knowledge.

🧠 Main Topics in CP2 (Subjective)

CP2 covers theoretical knowledge like:

  • Model design & build (structure, inputs/assumptions, calculations, outputs)
  • Quality control (reasonableness checks, reconciliation, error finding/fixing)
  • Sensitivity & scenario testing (deterministic and what-if analysis)
  • Audit trail & documentation (purpose, scope, data sources, limitations)
  • Professional communication (clear, concise reports for non-technical readers)
  • Application areas: pricing, reserving, cashflows, ALM, capital/risk scenarios

💼 Where Can You Use CP2 Knowledge?

  • Insurers (Life/GI): pricing/reserving models, new-product feasibility, experience analysis
  • Pensions: benefit projections, funding scenarios, longevity/sensitivity analysis
  • Investments/ALM: cashflow projections, stress tests, hedging strategy evaluation
  • Consulting & ERM: board-facing reports, scenario narratives, risk appetite translation

📝 How to Prepare for CP2?

  • Get fluent with Excel: formula auditing, named ranges, lookup/indexing, tables, data validation.
  • Practise end-to-end builds under time pressure (model → checks → sensitivities → report).
  • Create a repeatable documentation template (purpose, data, methods, assumptions, checks, limits).
  • Train for report writing: structure, headline insights, risks, caveats, actionable recommendations.

📑 Structure of CP2

Component Exam Format Duration
CP2 2 x computer-based exams using Excel & Word 3 hours 20 minutes each

📚Topics Covered and their Weightings

Topic Weightage
Preparation and analysis of data 10%
Development of a model 20%
Model testing 5%
Documentation 45%
Communication of results and conclusions 10%
Next steps 10%

📊 Passing Criteria

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

Course Deliverables

gold medal
Recorded lectures
gold medal
Soft copy of resources
gold medal
Access to Student dashboard
gold medal
100% Placement & Training Assistance
gold medal
Technical support
gold medal
Practice papers
gold medal
Weekend Live doubt classes
gold medal
Mock Test with Detailed evaluation (1 Sets)
gold medal
Doubt solving sessions
gold medal
Course extension (2 more terms)
gold medal
Interactive Q & A Forum

Devansh DhonaAIR 1
Adarsh Agarwal79
Vandita Sarda79
Neha Agarwal77
Nandini Aggarwal76
Sapan75
Anoushka Kothari75
Sneha Banerjee73
Manchite Chowdhury73
Tirth Shah71

FACULTY

Meet The Instructor


Shivangee Agarwal is a Qualified Actuary with a Master’s in Data and Business Analytics from IIM Indore. She secured All India Rank 1 in CT7 – Business Economics and holds a B.Com (Hons in Finance) from St. Xavier’s College, Kolkata. Over 6+ years, she has taught 2500+ students in Actuarial and Data Analytics domain, becoming a favourite coach for CS2, CB2, CP2, and CP3 papers. She has expertise in Excel and R Programming. Her inspiring journey led her to conduct workshops and lectures at various colleges like Lady Shri Ram College, St. Xavier’s College, SRCC, Mithibai College, IIM Indore and IBS Hyderabad.

PLAYLIST

Demo Class Videos


× Popup