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Qualification Pathway United Kingdom — Core Principles

Risk Modelling and Survival Analysis (CS2) Exam

Learn the statistical models used for losses, time series, stochastic processes and survival, with an introduction to machine learning.

Risk Modelling and Survival Analysis (CS2) Exam

Learning Objectives

5 objectives
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Model losses using loss distributions, compound distributions, copulas and extreme value theory.

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Understand and apply time series models.

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Understand and apply stochastic processes, including Markov chains and Markov processes.

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Build and use survival models

estimate lifetime distributions and transition intensities, graduate mortality data and project mortality.

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Explain the elementary principles of machine learning.

Programme Outline

5 topics
1

Random Variables and Distributions for Risk Modelling

Loss distributions with and without risk sharing, compound distributions, and an introduction to copulas and extreme value theory.

2

Time Series

The core concepts of time series models and their applications.

3

Stochastic Processes

Stochastic processes, Markov chains and Markov processes.

4

Survival Models

Survival model concepts, estimating lifetime distributions and transition intensities, graduation and graduation tests, and mortality projection.

5

Machine Learning

Elementary principles of machine learning.

Hands-On Resources

Missed a live session? Catch up here.

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Recorded Lectures Every live session is recorded and available within 24 hours.
Watch → Coming soon
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Case Study Library Real-world actuarial science case studies used throughout the course.
Download → Coming soon
quiz
Practice Question Bank Exam-style questions with full worked solutions.
Access → Coming soon

Qualification Pathway

26 examinations
1
United Kingdom — Core Principles Actuarial Statistics (CS1) Exam
£2,100.00 View →
2
United Kingdom — Core Principles Risk Modelling and Survival Analysis (CS2) Exam
£2,100.00 This page
3
United Kingdom — Core Principles Actuarial Mathematics for Modelling (CM1) Exam
£2,100.00 View →
4
United Kingdom — Core Principles Economic Modelling (CM2) Exam
£2,100.00 View →
5
United Kingdom — Core Principles Business Finance (CB1) Exam
£2,100.00 View →
6
United Kingdom — Core Principles Business Economics (CB2) Exam
£2,100.00 View →
7
United Kingdom — Core Principles Business Management (CB3) Assessment
£2,100.00 View →
8
United Kingdom — Core Practices Actuarial Practice (CP1) Exam
£2,500.00 View →
9
United Kingdom — Core Practices Modelling Practice (CP2) Exam
£2,500.00 View →
10
United Kingdom — Core Practices Communications Practice (CP3) Exam
£2,500.00 View →
11
United Kingdom — Fellowship: Specialist Principles Health and Care Principles (SP1) Exam
£2,900.00 View →
12
United Kingdom — Fellowship: Specialist Principles Life Insurance Principles (SP2) Exam
£2,900.00 View →
13
United Kingdom — Fellowship: Specialist Principles Pensions and Other Benefits Principles (SP4) Exam
£2,900.00 View →
14
United Kingdom — Fellowship: Specialist Principles Investment and Finance Principles (SP5) Exam
£2,900.00 View →
15
United Kingdom — Fellowship: Specialist Principles Financial Derivatives Principles (SP6) Exam
£2,900.00 View →
16
United Kingdom — Fellowship: Specialist Principles General Insurance Reserving and Capital Modelling Principles (SP7) Exam
£2,900.00 View →
17
United Kingdom — Fellowship: Specialist Principles General Insurance Pricing Principles (SP8) Exam
£2,900.00 View →
18
United Kingdom — Fellowship: Specialist Principles Enterprise Risk Management Specialist Principles (SP9) Exam
£2,900.00 View →
19
United Kingdom — Fellowship: Specialist Principles Banking Principles (SP10)
£2,900.00 View →
20
United Kingdom — Fellowship: Specialist Advanced Health and Care Advanced (SA1) Exam
£3,400.00 View →
21
United Kingdom — Fellowship: Specialist Advanced Life Insurance Advanced (SA2) Exam
£3,400.00 View →
22
United Kingdom — Fellowship: Specialist Advanced General Insurance Advanced (SA3) Exam
£3,400.00 View →
23
United Kingdom — Fellowship: Specialist Advanced Pensions and Other Benefits Advanced (SA4) Exam
£3,400.00 View →
24
United Kingdom — Fellowship: Specialist Advanced Investment and Finance Advanced (SA7) Exam
£3,400.00 View →
25
United Kingdom — Fellowship: Specialist Advanced Banking Advanced (SA10)
£3,400.00 View →
26
United Kingdom — Fellowship: Specialist Advanced Research Route Dissertation (SA0)
£3,400.00 View →
Accounting ◆ Finance & Investment ◆ Actuarial Science ◆ Risk Management ◆ Executive Education ◆ Accounting ◆ Finance & Investment ◆ Actuarial Science ◆ Risk Management ◆ Executive Education ◆