Modelling Practice

The Modelling Practice (CP2) subject provides actuaries with more ‘rounded’ skills with regards to communicating and presenting spreadsheet work in a business context. The subject builds on the technical material covered in all the earlier subjects.

The aim of Modelling Practice (CP2) is to develop a student’s ability to model data, document the work (including maintaining an audit trail for a fellow student and senior actuary), analyse the methods used and outputs generated and communicate to a senior actuary the approach, results and conclusions.

Core Practices

Modelling Practice (CP2) builds on material covered in earlier subjects and seeks to equip a student with more ‘rounded’ business skills and the prime emphasis is on good communication when using and presenting spreadsheet work.

From September 2021, an additional 5 minutes has been added to each paper to allow for candidates to download or print, if required, their exam papers.

Resources for CP2

Guide to CP2 Modelling Practice (PDF, 243 KB)

Past papers and examiners reports for CP2 

CP2 Syllabus for 2024 Exams (PDF, 126 KB)

Exam format: 2 x computer-based exams (Word), 3 hours and 20 minutes each

Recommended study hours: 120