CM1 – Actuarial mathematics
CM1 – This will be examined in a set of 2 papers. CM1A is 3 hours paper based assessment and CM1B is 1 hour 45 minutes’ online exam which Excel programming along with Actuarial Modelling and mathematical techniques. Syllabus topics covers – Syllabus topics covers- Principles of actuarial Modelling, Cashflow models, The…
5Modules
28Chapters
247Classes
CM1
Actuarial mathematics
Curriculum
5 modules, 28 chapters, 247 classes
Open a chapter to see every class, or search for a topic.
- Class 11Data analysis
- Class 21Modelling process – benefits and imitations
- Class 22Suitability of model and sensitivity analysis
- Class 31Introduction of Cash flow models
- Class 32Index linked bond
- Class 33Annuity certain and contingent annuity
- Class 34Pure endowment and term assurance
- Class 41Simple interest and compound interest
- Class 42Accumulation factor
- Class 43Principle of consistency
- Class 44Present value
- Class 45Discount rates
- Class 46Discount factor
- Class 47Effective rate of interest
- Class 48Equivalent rates
- Class 51Nominal rate of interest and effective rate of interest introduction
- Class 511Nominal rate of interest and effective rate of interest formula
- Class 512Accumulating and discounting using nominal rate of interest
- Class 52Nominal rate of discount and effective rate of discount
- Class 521Nominal rate of discount and effective rate of interest
- Class 522Accumulating and discounting using nominal rate of discount
- Class 53Problem solving Nominal rate of interest and discount
- Class 54Force of interest introduction
- Class 541Force of interest and nominal discount
- Class 55Force of interest as a function of time and accumulation factor
- Class 551Problem solving 2 force of interest - accumulation factor
- Class 56Force of interest and present values
- Class 561Problem solving 3 force of interest - present value
- Class 61Real and money rate of interest
- Class 62Deflationary conditions
- Class 71Present value of cashflows
- Class 72Continuously payable cash flows or payment streams
- Class 73Present value of continuously payable cashflows
- Class 74Valuing cash flows
- Class 75Constant interest rate
- Class 76Payment streams
- Class 761Problem solving1 payment streams
- Class 762Problem solving2 present value of payment streams
- Class 77Accumulated value of continuous payment streams
- Class 771Problem solving3 accumulated value of payment streams
- Class 78Sudden changes of interest rate
Module 1 exam-type questions and solutions
- Class 81Annuities # Present value of payment made in arrears
- Class 82Present value of payment made in advance
- Class 83Accumulations
- Class 84Continuously payable annuities
- Class 85Annuities payable pthly – arrears
- Class 851Annuities payable pthly – advance
- Class 852Accumulation - annuities payable pthly
- Class 86Non integer value of n
- Class 87Perpetuities
- Class 88Deferred annuities
- Class 881Deferred annuities – continuously payable annuities
- Class 882Deferred annuities – sudden change in interest rate
- Class 91Increasing annuities – payment made in arrears
- Class 92Increasing annuities – annuity due payable
- Class 93Increasing annuities – continuously payable annuities – end of the year
- Class 931Increasing annuities – continuously payable annuities
- Class 94Increasing annuities – decreasing payments
- Class 95Increasing annuities – irregular payments
- Class 96Increasing annuities – sudden change in interest rate
- Class 97Compound increasing annuities
- Class 971Compound increasing annuities – problem solving 1
- Class 972Compound increasing annuities – problem solving 2
- Class 973Compound increasing annuities – problem solving 3
- Class 101Introduction of equations of value
- Class 102Equations of value - solving for an unknown quantity
- Class 103Equations of value - unknown quantity time and interest rate
- Class 104Estimating the unknown interest rate using linear interpolation
- Class 105Problem solving - linear interpolation
- Class 106Uncertain payment or receipt - probability of cash flow
- Class 107Uncertain payment or receipt - Higher discount rate
- Class 111Introduction of loan schedule
- Class 112Capital outstanding – retrospective method
- Class 113Capital outstanding – prospective method
- Class 1131Problem solving 1 – calculating loan outstanding
- Class 114Loan schedule – calculating interest and capital elements
- Class 115Loan schedule calculating monthly instalments
- Class 116Loan schedule monthly instalments – calculating capital repaid
- Class 117Annual percentage rate APR
- Class 118Problem solving 2
- Class 1181Problem solving 3
- Class 1182Problem solving 4
- Class 121Project appraisal – Fixed interest rates
- Class 122Project appraisal – Net Present Value (NPV)
- Class 123Project appraisal – Internal rate of return (IRR)
- Class 124Comparison of two investment projects
- Class 125Different interest rate for lending and borrowings
- Class 126Discounted Pay Back period (DPP)
- Class 1261Problem solving 1 – Discounted Pay Back period
- Class 127Project appraisal - Other considerations
- Class 128Problem solving 2
- Class 1281Problem solving 3
Module 2 exam-type questions and solutions
- Class 131Fixed interest security# price and gross redemption yield
- Class 132Fixed interest security # income tax liable investor
- Class 133Fixed interest security – capital gain test
- Class 1331Problem solving 1 - capital gain test
- Class 134Fixed interest security – optional redemption dates
- Class 1341Optional redemption dates – worst case scenario
- Class 135Equities – uncertain income securities
- Class 1351Properties – uncertain income securities
- Class 136Real rate of interest – inflation adjusted return
- Class 1361Relationship between real yield, rate of inflation and money yield
- Class 1362Calculating real yield using inflation index
- Class 137Index linked bond – real yield
- Class 1371Index linked bond – zero coupon bond
- Class 1372Problem solving 2 index linked bond
- Class 138Exam type problem solving 1
- Class 1381Exam type problem solving 2
- Class 1401Discrete time spot rate
- Class 1402Discrete time forward rate
- Class 14021Continuous time forward rate
- Class 1403Theories of term structure of interest rate
- Class 1404Yield to maturity
- Class 14041Gross redemption yield - problem solving
- Class 1405Par yield
- Class 1406Effective duration or Volatility
- Class 14061Macaulay duration or Discounted mean term (DMT)
- Class 14062Macaulay duration - force of interest
- Class 1407Convexity
- Class 1408Redington’s Immunisation
- Class 1409Redington’s Immunisation - exam type Problem solving 1
- Class 14091Redington’s Immunisation - exam type Problem solving 2
- Class 1501The Life Table
- Class 1502Force of Mortality
- Class 1503Complete expected future life time
- Class 1504Deferred probabilities of death
- Class 1505Curtate future life time
- Class 1506Uniform distribution of Death (UDD)
- Class 15061Constant force of Mortality (CFM)
- Class 1507Select mortality
- Class 15071Constructing select and ultimate life tables
- Class 15072Using tabulated select life table functions
- Class 1601Whole life assurance contract - expected present value
- Class 16011Whole life assurance contract - Variance
- Class 1602Term assurance contract - expected present value
- Class 16021Term assurance contract - Variance
- Class 1603Pure endowment contract - expected present value and Variance
- Class 1604Endowment assurance Contract - expected present value and Variance
- Class 1605Deferred assurance - whole life assurance contract - EPV
- Class 16051Deferred assurance - whole life assurance contract -Variance
- Class 1606Benefit payable immediately on death - whole life assurance
- Class 1607Benefit payable immediately on death - Term assurance and endowment assurance
- Class 1608Problem solving - Benefit payable immediately on death -endowment assurance
Module 3 exam-type questions and solutions
- Class 1701Whole life annuities payable annually in arrears – EPV
- Class 17011Whole life annuities payable annually in arrears – variance
- Class 1702Whole life annuities payable annually in advance
- Class 1703Temporary annuities payable annually in arrears
- Class 17031Temporary annuities payable annually in advance
- Class 1704Deferred annuities payable annually in arrears
- Class 17041Deferred annuities payable annually in advance
- Class 1705Guaranteed annuities payable annually in advance
- Class 17051Guaranteed annuities payable annually in arrears
- Class 1706Continuous annuities
- Class 17061Temporary and Deferred continuous annuities
- Class 1801Evaluating assurance benefits
- Class 1802Evaluating annuity benefits
- Class 1803Evaluating annuity benefits - commutation function Dx
- Class 1804Premium conversion formula
- Class 1805Annuities payable m times in each year
- Class 1806Constant force of mortality
- Class 1807Problem solving - constant force of mortality
- Class 1901Payment varying by a constant monetary amount - whole life and term assurance
- Class 1902Payment varying by a constant monetary amount - endowment assurance
- Class 1903Payment varying by a constant monetary amount- immediately on death
- Class 1904Payment varying by a constant monetary amount- temporary annuity
- Class 1905Payment varying by a constant monetary amount - continuous annuity
- Class 1906Conventional profit contracts - reversionary bonus
- Class 1907Problem 1 bonus paid start and bonus paid end of the year
- Class 1908Problem solving 2 bonus and benefits paid immediately on death
- Class 2001Gross future loss random variable (FLRV)
- Class 2002Gross future loss random variable (FLRV) - with profit policy
- Class 2003Determining gross premium using principle of equivalence
- Class 2004Problem solving 1 - determining gross premium
- Class 2005Determining gross premium - with profit policy
- Class 2006Determining gross premium - premium payable m times per year
- Class 2007Determining gross premium including profit loading
- Class 2008Problem solving 2 - determining gross premium
- Class 2009Percentile premium using FLRV
- Class 2101Gross premium - Prospective reserves
- Class 2102Gross premium - Prospective reserves – Single premium
- Class 21021Gross premium- Prospective reserves - with profit policies
- Class 21022Gross premium Prospective reserves - satisfying probabilities
- Class 2103Retrospective Accumulations
- Class 21031Retrospective Accumulations - theory and problem solving
- Class 2104Gross premium Retrospective reserves
- Class 2105Equality of Prospective and Retrospective reserves
- Class 21051Problem solving Equality of Prospective and Retrospective reserves
- Class 2106Recursive relationship
- Class 2107Profit over the year using Recursive relationship
- Class 21071Problem solving - Profit over the year
- Class 2108Net premium reserves
- Class 2201Joint life functions
- Class 2202Last survivor life time random variables
- Class 2203Evaluating probability of death or survival
- Class 2204Present value of joint life and last survivor assurance
- Class 2205Present value of joint life and last survivor annuity
- Class 2206Problem solving present value of last survivor - continuous annuity
- Class 2207Calculation of premium and reserves - joint life last survivor
Module 4 exam-type questions and solutions
- Class 2301Contingent probabilities of death
- Class 23011Contingent probabilities of death - identical mortality
- Class 2302Contingent Assurance
- Class 23021Contingent Assurance - derivation of formulas
- Class 2303Reversionary annuities
- Class 23031Reversionary annuities - integral expression
- Class 2304EPV of joint life assurance and annuities depend on term
- Class 23041EPV of joint life assurance depend on term-complex conditions
- Class 2305EPV of joint life annuities depend on term - Type 1 and Type 2
- Class 23051EPV of joint life annuities depend on term - Type 3
- Class 23052EPV of joint life annuities depend on term - Type 4
- Class 23053EPV of joint life annuities depend on term - Type 5
- Class 23054EPV of joint life annuities depend on term - Type 6
- Class 23055EPV of joint life annuities depend on term- problem solving
- Class 2306EPV of joint life annuities payable m times a year
- Class 2307EPV of joint life - premium conversion relationship
- Class 2401Mortality profit - death strain at risk (DSAR)
- Class 2402Mortality profit on a portfolio of policies
- Class 2403Mortality profit - death benefit payable immediately
- Class 2404Mortality profit allowing survival benefits
- Class 2405Mortality profit - annuities
- Class 2406Mortality profit - policies involving two lives
- Class 2407Mortality profit - last survival - joint life assurance
- Class 2501Multiple state model - healthy - sick -dead model
- Class 2502Multiple state model - valuing cash flow
- Class 25021Multiple state model- valuing cash flow -problem solving
- Class 2503Multiple decrement model
- Class 2504Multiple decrement model - transition intensities
- Class 2505Multiple decrement table
- Class 25051Multiple decrement table - obtaining depending probabilities
- Class 2506Multiple decrement table- from existing decrement table
- Class 25061Multiple decrement table - from existing single decrement table
- Class 2507Multiple decrement table - EPV of cashflows
- Class 2508Multiple decrement table - problem solving 2
- Class 2601Unit linked contracts
- Class 2602Accumulating with profit contracts (AWP)
- Class 2603Accumulating with profit contracts (AWP) - problem solving
- Class 2701Profit testing - expected cash flows
- Class 2702Profit testing - conventional endowment assurance
- Class 2703Profit testing - Unit linked endowment assurance
- Class 2704Profit testing - single premium unitised profit contract
- Class 2705Profit testing for annual premium contract -profit signature
- Class 2706Profit testing - Net present value (NPV) and IRR
- Class 2707Profit testing using the present value random variable
- Class 2801Calculating reserve from non-unit cash flow (NUCF)
- Class 2802Calculating reserve for unit linked contracts
- Class 2803Calculating reserve for conventional contracts
- Class 2804Effect of pricing and reserving bases on a profit test
- Class 2805Problem solving unit linked contracts
Module 5 exam-type questions and solutions
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