Hello, I saw a similar post somewhere and was wondering that same could apply for CP1: As a student studying, it is important to keep abreast of current developments in the insurance industry. Although we shouldn't be tested on factual knowledge outside of the Core Reading, it is possible that some exam questions may cover topical issues that are not covered explicitly bythe Course Notes. Anyone wants to add any topical issues that it's good to discuss the implications? For example what comes in my mind is IFRS 17 and implication of Brexit.
Hi - just wanted to clarify that the above quoted post appeared on the forum for an SA (Specialist Advanced) subject, where students are expected to demonstrate high levels of subject expertise and more challenging practical application of the principles learned. So it can be useful to keep on top of industry developments at that level. IFRS 17 is covered explicitly in the course materials for the relevant SA subjects, but that level of detail is definitely not required for CP1.
Hi Lindsay, Thanks for your prompt response. Can you please advise based on subject CP1, what topics should students need to keep on top of industry development and also the depth of understanding given all specialist topics are discussed in CP1 - pension/finance/GI/life/risk management.
It would seem to be sensible to focus your study on the course materials (which are significant enough already in quantity) rather than looking beyond that - making sure, of course, that you do plenty of question practice. As I indicated above, topical issues are most relevant for SA level subjects. That isn't saying that the CP1 questions wouldn't be on topical issues - they could be (eg infrastructure assets, implications of climate change). But you could end up spending a lot of time reading around topics that just don't come up. It's up to you to judge whether you think that is the best use of your limited study time; I'm personally not convinced that it is. So I don't think it would be beneficial (or even feasible) for me to attempt to provide a list here, although of course other students could make suggestions if they wish to do so. I think you need to be careful not to end up going too far into the Specialist (either SP or SA) levels of detail though.
