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About Exam CP1
The aim of Actuarial Practice (CP1) is to Gain the ability to apply core actuarial principles, along with mathematical, statistical, finance, and economics concepts, to analyze and solve a variety of problems in commercial and business settings. The focus is on challenges within financial services, with skills that can also be applied across broader sectors and industries.
This subject will be assessed via two timed and online written examination papers.
- CP1 Paper 1 - 3 hours and 20 minutes (including reading time): consists of a number of questions of varying marks where the candidate will need to construct and type answers in Word.
- CP1 Paper 2 - 3 hours and 20 minutes (including reading time): usually include scenarios and ask the candidate to answer questions relevant to each scenario and will include a number of questions of varying marks. The candidate will need to construct and type answers in Word
In order to pass this subject, candidates must sit both CP1 paper 1 and CP1 paper 2 within the same sitting, and achieve a combined mark of a pass.
