Actuarial mathematics (CM1) provides a grounding in the principles of actuarial modelling, focusing on deterministic models and their application to financial products. It equips the student with knowledge of the basic principles of actuarial modelling, theories of interest rates and the mathematical techniques used to model and value cash flows which are either certain or are contingent on mortality, morbidity and/or survival. The subject includes theory and application of the ideas to real data sets using Microsoft Excel.

CM1 comprises of CT1 and CT5 (as per previous curriculum.)

Exam format:

3 hours and 20 minutes computer-based exam (Word), plus 1 hour and 50 minute
Computer-based exam, software MS- Excel

Ekalavya