• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Eligibility to take CA2

I

indexo

Member
Hi,

I am planning to take CA2 but unfortunately I don’t have any work experience in the insurance field yet. Will I be able to do the paper?

Also are we required to know on our own what formulas will be needed to formulate the models? Will the course notes help in terms of refreshing our knowledge on the formulas such as annuity calculations etc.?

Thanks.
Sheri
 
The paper doesn't rely on work experience, but it helps. (Just as it's recommended that you pass all the CTs before trying - it's not required, but it helps.)
Generally, you can get by with rudimentary Excel skills (IF, SUM, AVERAGE, MAX, MIN, VLOOKUP, RANK, etc). If there's anything out of the ordinary (LOGINV, NORM.DIST, etc) then these are generally explained in the notes. Things like annuity formulas and recursive assurance factors will also be explained.
I'd suggest that you try a few past papers to get a feel for the level of knowledge required. However, the focus of the exam is communication of what you're modelling, rather than the model itself, and so while it obviously helps a lot to get the model right, it's not essential.
 
You must log in or register to reply here.
Back
Top