CS1 Full Course

CS1-Actuarial Statistics

₹23,000.00

CS1: Actuarial Statistics – Regular Course.
Faculty: Praveen Patwari
Course Duration: 200+ hours

Category:

📘 Actuarial Statistics

Actuarial Statistics (CS1) is the paper you should opt for to build a strong foundation in statistical techniques essential to actuarial work. This paper develops a grounding in the statistical principles required for actuarial modelling, mainly focusing on understanding and applying statistical methods to analyse data and quantify uncertainty in financial and insurance contexts. Alongside this, the related and required understanding of probability distributions, statistical inference and regression models are also developed. It is available through both the institutes, the Institute of Actuaries of India (IAI) and the UK-based Institute and Faculty of Actuaries (IFoA).

🔍 Why is CS1 Important?

  • It is the base of your actuarial journey along with CM1.
  • CS1 helps you learn the different types of probability distribution, regression models, analyzing and interpreting the data.
  • The knowledge gained in CS1 are applied all over in data analysis, statistical modelling, and risk quantification every day.
  • You can also give CB2 (Business Economics) along with CS1 – a good combo for placements and knowledge.

🧠 Main Topics in CS1 (Subjective)

CS1 covers both theoretical and practical topics like:

  • Data and basic concepts.
  • Probability theory.
  • Random variables and distributions.
  • Statistical inferences.
  • Confidence Intervals & Hypothesis Testing.
  • Correlation and regression.
  • Bayesian statistics.
  • Credibility Models.
  • Statistical software – R. Programming.

💼 Where Can You Use CS1 Knowledge?

  • Insurance Pricing and Reserving – analyzing claims data to estimate frequency and severity.
  • Mortality and morbidity studies – estimating mortality or sickness rates from past experience.
  • Modelling survival probabilities & Simulating Risk scenarios
  • Data analytics in general insurance and health insurance

📝 How to Prepare for CS1?

  • Focus on building the understanding on the topics probabilities, common distributions, estimation, hypothesis testing and regression.
  • Start practicing Paper B and master the platform of R by learning functions like mean(), var(), rnorm(), for() and if().
  • After completing the syllabus two times with revision, start solving the PYPs and give Mock Tests.

📑 Structure of CS1

CS1 is divided into two parts:

Component Exam Format Duration
CS1A – Theory IAI: Computer-Based MCQ
IFoA: Written theory (MS Word) ( 5 minutes extra for downloading)		 3 hours 15 minutes
CS1B – Practical R-based application test using real actuarial problems (15 minutes extra for uploading) 1 hour 45 minutes

📚Topics Covered and their Weightings

Topic Weightage
Data Analysis 10%
Random variables and distribution 20%
Statistical inference 25%
Regression theory and applications 30%
Bayesian statistics 15%

📊 Passing Criteria

Institute Passing Marks
IAI (India) 50% (Fixed); 30% in both Paper A and Paper B
IFoA (UK) 56%–65% (Varies by term)
WHAT YOU WILL GET

Course Deliverables

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Recorded lectures (A + B )
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Soft copy of resources
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Access to Student dashboard
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100% Placement & Training Assistance
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Technical support
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Practice Paper
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Chapter wise MCQ Bank
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1:1 mentoring sessions
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Live Industry expert sessions
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Live Concept classes ( A + B )
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Mock Test with Detailed evaluation (2 Sets)
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Hard copy of AEI Personalized Compiler
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Doubt solving sessions
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Course extension (2 more terms)
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Interactive Q & A Forum

Mokshit KothariAIR 1
Shruti MishraAIR 1
Adarsh Agarwal97
Siddharth Sonthalia95
Manchite Chaudhary94
Nishtha Shah92
Sparsh Modi91
Chirag Gupta90
Aman Shah90
Juhi Goyal90

FACULTY

Meet The Instructor


Praveen Patwari is a Qualified Chartered Accountant who has cleared 14 out of 15 Actuarial Science papers. He began teaching in high school and has trained 5000+ students. Known for his captivating attitude and intelligence, he has produced top scorers in Actuarial Science across India with 8 times AIR 1 in CM1. His journey demonstrates persistence, discipline, and deep knowledge, making him a sought-after speaker. He has delivered sessions at prestigious institutions like SRCC, Miranda House, Hansraj College, Lady Shri Ram, St. Xavier’s College, BESC and Ramjas College.

Shivangee Agarwal is a Qualified Actuary with a Master’s in Data and Business Analytics from IIM Indore. She secured All India Rank 1 in CT7 – Business Economics and holds a B.Com (Hons in Finance) from St. Xavier’s College, Kolkata. Over 6+ years, she has taught 2500+ students in Actuarial and Data Analytics domain, becoming a favourite coach for CS2, CB2, CP2, and CP3 papers. She has expertise in Excel and R Programming. Her inspiring journey led her to conduct workshops and lectures at various colleges like Lady Shri Ram College, St. Xavier’s College, SRCC, Mithibai College, IIM Indore and IBS Hyderabad.

Siddharth Sonthalia, currently working as a Senior Actuarial Analyst at Swiss Re in Bangalore. He graduated in economics from St. Xavier’s College, Kolkata in 2022. He has core expertise in using Actuarial modelling softwares like AXIS, RAFM and Prophet. He has worked on IP, Life, LTC products across regions – ANZ, LA, CA, Asia, UK. He also briefly worked on IFRS17. With close to 2.5 years experience in the Life domain, he is an associate member of the IFoA abd has 12 actuarial papers under his hat – with one SA level paper remaining. He is also a faculty at the Christ University, Bangalore for their Masters in Actuarial Sciences Programme.

PLAYLIST

Demo Class Videos


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