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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.  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.

Actuarial Practice (CP1) core reading is available from the IFoA E-Shop or our tuition provider ActEd (BPP).

Past papers and examiners reports for CP1 

CP1 Specimen Exam Paper 1

CP1 Specimen Exam Solutions Paper 1

CP1 Specimen Case Study Paper 2

CP1 Specimen Exam Solutions Paper 2

Exam format:
2 x computer-based exams (Word), 3 hours and 15 minutes each
Recommended study hours: