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Actuarial Mathematics (CM1)

Core Principles

Actuarial Mathematics (CM1) provides a grounding in the principles of actuarial modelling, focusing on deterministic models and their application to financial products. It equips the student with a knowledge of the basic principles of actuarial modelling, theories of interest rates and the mathematical techniques used to model and value cashflows which are either certain or are contingent on mortality, morbidity and/or survival. The subject includes theory and application of the ideas to real data sets using Microsoft Excel.

Actuarial Mathematics
CM1A
Theoretical Exam
Computer-based
3 hours and 15 minutes
Word
+
Actuarial Mathematics
CM1B
Computer-based
1 hour and 45 minutes
Excel

You must sit A + B papers in the same session.

Actuarial Mathematics (CM1) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).

Resources for CM1

Past papers and examiners reports for CM1 

Exam format:
3 hours and 15 minutes computer-based exam (Word), plus 1 hour and 45 minute computer-based exam, (Excel)
Recommended study hours: