Modelling Practice

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.

Core Practices

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.

Resources for CP2

Guide to CP2 Modelling Practice (PDF, 1 MB)

Past papers and examiners reports for CP2

CP2 Syllabus for 2025 Exams (PDF, 80 KB)

Exam format: 2 x computer-based exams (Word), 3 hours and 20 minutes each

Recommended study hours: 120