You are here

Financial Engineering and Loss Reserving (CM2)

Core Principles

Financial Engineering and Loss Reserving (CM2) provides a grounding in the principles of actuarial modelling, focusing on stochastic asset-liability models and the valuation of financial derivatives. It equips the student with a knowledge of the theories of behaviour of financial markets, measures of risk, determining reserves for a non-life insurer and price options. The subject includes theory and application of the ideas to real data sets using Excel.

Loss Reserving and
Financial Engineering
CM2A
Theoretical Exam
3 hours and 15 minutes
Computer-based
Word
+
Loss Reserving and
Financial Engineering
CM2B
Computer-based
1 hour and 45 minutes
Excel

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

Financial Engineering and Loss Reserving (CM2) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).

Resources for CM2

Past papers and examiners reports for CM2 

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