You are here

Actuarial Practice


The aim of Actuarial Practice is to use the technical and business skill learnt in the Actuarial Statistics, Actuarial Mathematics and Business subjects combining them with new material on how the skills are applied to solve real world problems. The material provides the essential knowledge of risk management techniques and processes required by all actuaries and is an essential introduction to Enterprise Risk Management, subject SP9 and the Chartered Enterprise Risk Actuary qualification. The course also underpins all the other SP and SA subjects.

CP1 Exam – Paper 2 Guidance

With Colin Thores. Filmed on 31 March 2020.

Actuarial Practice (CP1)

Core Practices

Actuarial Practice (CP1) builds on the technical material covered in all the earlier subjects and uses the techniques learnt to solve practical problems that might arise in any area in which actuaries practice. Additional material on risk management is introduced as an essential introduction to the Chartered Enterprise Risk Actuary qualification.

Please note - Students have three hours and 15 minutes to complete CP1 Paper 2.  Note there is no longer any specific planning time. You may make separate notes, write on the exam paper, and write in your answer booklet at any point within the time available to complete the exam. Students are expected to read the question in full, and they can look at the formulae and tables. Students are also advised that they should spend an appropriate amount of their time within the exam planning their answers.

Exam format:
2 x paper-based exams, 3 hours and 15 minutes each
Recommended study hours: