CP 312 Model Development and Governance
The Model Development and Governance course is a cross-practice course applicable to multiple practice areas.
Course Learning Objectives
Upon successful completion of CP 312 Model Development and Governance, you will understand the following learning objectives:
- Understand, develop, and evaluate cash flow models for various types of long-term insurance business. The candidate will demonstrate an understanding of underlying modeling methodologies: their strengths, limitations, and applications;
- Understand, apply, and evaluate non-cash flow and supplementary models for various types of financial business. The candidate will demonstrate an understanding of underlying methodologies: their strengths, limitations, and applications; and
- Understand and be able to apply appropriate model governance to assess and address issues common to the development and management of models.
How Should I Study?
As part of the evolution of the FSA pathway, the SOA is committed to improving your learning experience through better source materials. To study for CP 312 Model Development and Governance, start with the syllabus and continue with the other materials, including the course strategy guide.
Syllabus Materials
- Syllabus with Learning Objectives/Outcomes and Readings – Nov 2025/Mar 2026/Jul 2026
- Course Strategy Guide – Nov 2025/Mar 2026/Jul 2026
- Introductory Study Note – Nov 2025
- Case Study (Available July 2025)
Syllabus Updates
- Any updates to the current syllabus will be posted here
Books and Study Notes
Supplemental Study Materials
- CP 312 Relevant Past Exam Materials
- CP 312 Guided Examples with Solutions
- Past Exam Questions and Solutions
- Study Methods