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:

1 hour and 50 minute
Computer-based exam, software MS- Excel

1. Meant for students aspiring to do exceedingly well in paper CM1 Paper B
2. Subjects covered Financial Mathematics,Basic Statistics ,Life Insurance Prodeucts and MS Excel.
3. Curriculum designed by All India Toppers and professionals having experience of working in Life Insurance Sector covering all topics under IFOA/IAI Syllabus
4. Focus on understanding the basics by connecting theory with real-life applications followed by problem solving of different patterns using innovative tools and techniques