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.
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.