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It outlines the exam structure for CM1 (Actuarial Mathematics for Modelling) and CM2 (Economic Modelling), including Paper A and Paper B formats with Word and Excel requirements. It explains open-book exam rules, what candidates can and cannot use, and highlights IFoA assessment regulations and handbook resources. 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The document specifies Paper A and Paper B timings and that Paper A uses Word and Paper B uses Excel.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What reference materials are allowed in an open book exam?",{"text":118,"@type":114},"Candidates may use built-in Help functions, standard Word/Excel functions except macros, written or electronic reference materials provided in the exam, and their own personal notes and course materials.",{"name":120,"@type":111,"acceptedAnswer":121},"What is the recommended approach to exam technique and time management?",{"text":122,"@type":114},"The guidance advises spreading time evenly using minutes per mark, aiming to attempt all questions (including part questions), moving on when needed, and finishing on time while considering order without wasting excessive 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\nAlvin Kissoon Darrell Chainey  \nActuarial Education Company (ActEd)  \nContents  \nIntroduction to CM1 and CM2 exams Exam technique  \nExam resources Common mistakes Revision tips  \nThe Actuarial Education Company on behalf of the Institute and Faculty of Actuaries  \nActuarial  \nEducation Company (ActEd)  \n• Educating student actuaries for 35 years  \n• One of the largest, most experienced, actuarial educators in the world  \n• Over 40 qualified actuaries employed as tutors or coaches  \n• Find [us at ActEd.co.uk](us at ActEd.co.uk)  \nThe Actuarial Education Company on behalf of the Institute and Faculty of Actuaries  \nIntroduction to CM1  \nand CM2 exams  \nCM1: Actuarial Mathematics for Modelling  \nCM2: Economic Modelling  \n• (70%) Paper A: 3hrs 20mins Word   \n• (30%) Paper B: 1hr 50mins Excel  [actuaries.org.uk/qualify/curriculum/actuarial-mathematics/](actuaries.org.uk/qualify/curriculum/actuarial-mathematics/)  \nThe Actuarial Education Company on behalf of the Institute and Faculty of Actuaries  \nIFoA rules and guidance  \nBe familiar with the latest rules and guidance:  \n• Assessment Regulations  \n•  [actuaries.org.uk/qualify/prepare-for-your-exams/assessment-regulations/](actuaries.org.uk/qualify/prepare-for-your-exams/assessment-regulations/)  \n• Examinations Handbook  \n•  [actuaries.org.uk/qualify/examinations-handbook/](actuaries.org.uk/qualify/examinations-handbook/)  \n• IFoA exams information  \n•  [actuaries.org.uk/qualify/my-exams/ifoa-exams/](actuaries.org.uk/qualify/my-exams/ifoa-exams/)  \n• Mitigating circumstances policy  \n•  [actuaries.org.uk/qualify/after-exams/mitigating-circumstances](actuaries.org.uk/qualify/after-exams/mitigating-circumstances)  \nThe Actuarial Education Company  \non behalf of the Institute and Faculty of Actuaries  \nOpen book exams  \nUsing notes and reference materials  \nA poll for you …  \nThe Actuarial Education Company on behalf of the Institute and Faculty of Actuaries  \nOpen book exams  \nUsing notes and reference materials 􀂾 You can…  \n• use built-in Help functions  \n• use any standard function available in Word or Excel, except Macros  \n• refer to written/electronic reference material provided in exam  \n• refer to your own personal notes and course materials  \n• copy and paste data or formulae / workings from Excel into Word, or include screen shots provided the full workings out are visible to be marked  \n􀂾 You can’t…  \n• use pre-existing templates or calculations (unless provided in the exam materials)  \n• include links to any other documents in your script – all calculations should be present in the files submitted in full  \n• use handwritten answers – keyboard entry only permitted (unless agreed otherwise with IFoA)  \nThe Actuarial Education Company  \non behalf of the Institute and Faculty of Actuaries  \nExam technique  \n• Time management  \n• Ordering questions  \n• Reading and interpreting questions  \n• Using MS Word  \n• Using MS Excel  \nThe Actuarial Education Company on behalf of the Institute and Faculty of Actuaries  \nTime management & ordering questions  \n• Spread out time evenly  \n• Minutes per mark (1 .8 in Paper A, 0.9 in Paper B, plus 20 minutes spare)  \n• Aim to answer/attempt all questions (and part questions)  \n• Be prepared to move on  \n• All questions need doing –(start with something you like the look of, eg a loans question in CM1, or run-off triangle in CM2)  \n• Consider the order but don’t waste too much time  \n• Finish on time  \nThe Actuarial Education Company on behalf of the Institute and Faculty of Actuaries  \nUsing MS Word for equations  \nPractice to see which you feel most comfortable with. You can also use a combination of approaches,  \nwhatever feels best for the question.  \nThe Actuarial Education Company  \non behalf of the Institute and Faculty of Actuaries  \n|  | Keyboard entry | Equation Editor | Copy from","cbCail3WtzSORkgl","https://ap.wps.com/l/cbCail3WtzSORkgl","pdf",1743179,38,"English","# Introduction to CM1 and CM2 exams\n## Exam technique\n## Exam resources\n## Common mistakes\n## Revision tips\n## Introduction to CM1 and CM2 exams\n## IFoA rules and guidance\n## Open book exams\n## Exam technique: Time management & ordering questions\n## Using MS Word for equations","[{\"question\":\"What are CM1 and CM2, and how are the papers structured?\",\"answer\":\"CM1 focuses on Actuarial Mathematics for Modelling, while CM2 focuses on Economic Modelling. The document specifies Paper A and Paper B timings and that Paper A uses Word and Paper B uses Excel.\"},{\"question\":\"What reference materials are allowed in an open book exam?\",\"answer\":\"Candidates may use built-in Help functions, standard Word/Excel functions except macros, written or electronic reference materials provided in the exam, and their own personal notes and course materials.\"},{\"question\":\"What is the recommended approach to exam technique and time management?\",\"answer\":\"The guidance advises spreading time evenly using minutes per mark, aiming to attempt all questions (including part questions), moving on when needed, and finishing on time while considering order without wasting excessive time.\"}]","Mastering CM1 and CM2 exams - support and guidance from the experts | PDF",1790489440,96]