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Exam CS2

CS2 exam dates and fees, 2027

Two sessions a year. In 2027 CS2 is sat on 16 and 20 April, and on 13 and 15 September.

April 2027Paper A on 16 April, Paper B on 20 April 2027; entry 25 January to 5 February 2027; results 6 July 2027
September 2027Paper A on 13 September, Paper B on 15 September 2027; entry 12 to 23 July 2027; results 7 December 2027
Fee per subject£375 for members (£244 reduced), from 1 July 2026

Fees from 1 July 2026

CS2 is open to members only. All papers start at 09:00 UK time.

CandidateFull rateReduced rate
Member£375£244

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Pareto claims under excess of loss

Paper A style · Losses and reinsurance · Straightforward · 8 marks

Individual claim amounts on a household contents portfolio follow a Pareto distribution with parameters α=4\alpha=4 and λ=2,400\lambda=2{,}400, so that F(x)=1−(24002400+x)4F(x)=1-\left(\frac{2400}{2400+x}\right)^{4} for  . The insurer has an individual excess of loss reinsurance treaty with retention £2,000.

  1. (i)

    Calculate the probability that a claim involves the reinsurer, to 4 significant figures.

    1 mark
  2. (ii)

    Calculate the insurer's expected payment per claim, to the nearest penny.

    3 marks
  3. (iii)

    Calculate the reinsurer's expected payment on a claim that involves the reinsurer, to the nearest penny.

    2 marks
  4. (iv)

    Hence calculate the reinsurer's expected payment per claim (including claims that do not involve it), to the nearest penny, and check your answers against the mean claim amount.

    2 marks

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Key exam dates

Questions people ask

When are CS2 results released?

For the April 2027 session on 6 July 2027, and for September 2027 on 7 December 2027.

Is there a reduced fee?

Yes, if your income is low enough to qualify for the reduced subscription: £244 a subject.