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Hiya, The point that speaks to NP business being written into the WP fund, is it possible to transfer the existing NP business to the WP fund or...
Good day, I just wanted to verify if my reasoning is correct regarding the impact of the error. The ER states that premiums would have purchased...
Hi Em, In the first part of the solution, one of the points state that profit or loss can result if the basis for the estate investigation is done...
Morning, In the 5th paragraph, the notes say that "if a contract is partially invested in unit linked funds and partially invested in UWP...
Hi All, Regarding changes to operating assumptions (projection basis and supervisory reporting), since both bases are best estimate under SII or...
Hi Everyone, I could use some help with the soln for part 2. The part that speaks about the calculation of the expected loss of the guarantee...
Hi All, I've done a lot of reading on the forum as well as externally trying to bog down this concept. (Special thanks to Mark and Mugono's...
Hi Tutors, So the answer to this question includes a point about how with higher sales volumes, the insurer is able to negotiate lower fees with...
Hi Tutors! So this question asks for a comparison of the products from a customer perspective. As such, I thought to add things like peace of...
Hi All, I was just wondering about the examiner's answer to the question that talks about the deferred period. So it says that Basis 1 would be...
Hi All, I know generally PMI doesn't cover chronic conditions like hypertension/arthritis, etc. So does this mean that the drug costs are covered...
Hi All, I've been having quite a bit of trouble with this exam. It's been 4 sittings so far. I've bought the ASET, went to a tutorial & online...
Hi All, Why does the examiner's report increasing house prices as a risk? I thought the risk was a fall in house prices -> unable to pay back the...
I'm just seeing that the regs say that we shouldn't save to Google Docs/Office 365 during or after the exam? Chromebooks can only use Office 365...
Hi All, Regarding Chapter 2 EOC question, I had 2 questions: 1. The text says that the guarantee charges would be at their lowest when the...
The notes say that for eg you have a policy that has a premium review every 6 months and is renewed annually, the last claim will occur within 18...
Hello, In chapter 7 under risk characteristics, the example stated that to reduce the risk associated with a new CI launch, you could use the CI...
Hi, The chapter 5 solution states that parents who join at the first opportunity of the scheme can forego underwriting. Is this because even...
Hello again, In chapter 2, it states that for occupations where it is easy to become disabled with minor injuries, it is best to use the second...
Hi Mark, I had a question regarding one-off expenses. I know generally they should be excluded but I noticed that the purchase of software...
Hello, In the Core Reading for Alterations, it states that if the term for an endowment is increased, the premium would decrease which would...
Hello, In Chapter 30, it says that expense inflation would be projected to the midpoint of the premium paying period. Is this because we expect...
Hello, In the notes, it states that if the actual reserves are set up more prudently than the reserves used for pricing, then there will be a...
Hi All, On page 29 of Chapter 9, the answer states that the risk of withdrawals/paid up rates may be lighter than expected if the Co. changes to...
Hey All, I had two questions about the solution for 16.4. 1) Why would cases that show a reduced NPV (with all the new cfs) be undercharging for...
Pass rate fell again ~ 45%. Didn't make it. This paper is something else! :(
Hi All, I know that this question or a variation of this question has been asked a few times but I really need to clarify the death benefits for...
Good Day everyone, I was looking through the September 2017 paper and I noticed that in the solution, they stated that YOUTHSHARE removed...
Hi All, I feel like I continuously have issues understanding when and how to apply decrements uniformly. For eg. the February 2016 past paper...
Hi All, I'm really very worried about passing this exam as it is stalling my progress! I've failed it twice so far. For people who have passed......
Hi All, Pretty sure I've just failed CA2 for the second time and I think my main issue is modelling. For the models that require knowledge of the...
Hi All, Has anyone taken a crack at this yet? I find that I have issues with modelling, but once I get my model ok, I think I can do an "ok"...
Hey All, I've been hiding from CA1 for about a year now, and I've decided it's time to (wo)man up and do it. I bought materials last year and...
How's everyone feeling about not being required to do CA2 and CA3 for Associateship (necessary for Fellowship though)? Instead you'll be required...
Hi All, Anyone out there using a Nexus 7 for the eBooks version of ActEd notes? Thanks.
Hey All, I'm pretty confused by this question Sept 2010, #11. Some help please. In an economy, economic agents have a marginal propensity to...
Hello All, I just wanted to clarify something. When the Gov't conducts an OMO in order to control money supply, the sale of securities will...
Hi All, I was just reviewing the diagram associated with protection with the use of a tariff. I'm a little unsure of why the area labelled 'd' is...
Hi Mike, I was just wondering where the second part of the Examiners' answer comes from, ie, the part about the 200,000 nominal in the risk...
Good Day, I'm not understanding the logic used to calculate the max. double default rate. The Examiners report stated that double default...
Hiya, I was wondering if anyone could explain to me where the examiners got the initial conditions of k(0) and h(0), as well as how it all fits...
Hello again :), I'm trying to understand the third part of this question. I'm not sure what the examiners mean when they say the critical value...
Hello, I'm a bit lost on this forward contract question. I think I've figured out some bits of it but I'm not sure. The income stream is added to...
Hi All, I just wanted to verify the answer for the last part of this question. Since the investor has decided to write a call and buy a put,...
Hi All, I've been trying to understand this question, and I just wanted to know why the building society would need to sell the call option...
Hi All, I was just looking at the solution to this question (it is the exam style ques at the end of Chapter 10). I know that we have to sell a...
Hi Tutors, I just wanted to verify something. On the Acted website, it stated the MiniASET will be for the April 2012 paper. Will there be any...
Hi All, I just wanted to verify something. For the call option used to calculate the value of the junior debt, I see where the Examiners used...
Hi Everyone. I had a ques re state prices and state price deflators. I've noticed that when calculating state prices, when we have the up and...
Hi All, From the Core Reading, I thought that the formula for the state price deflator consisted of both q from the risk neutral measure and p...
I'm just sending out my thoughts to all the people who are being affected by the riots in the UK. Hope you and yours (including your property) are...
Hi, I had my CT8 Core Materials since late last year. I wanted to add the corrections, but when I went to the page, it said that there was a...
Hi All, My Chapt 9. only has 66 pages... while in the contents, it states that there should be 80 pages. Is this an error? Thanks.
This question is generally about ruin and the prob. of ruin at first claim. For the Sept. 2007 question, the second part asked for the prob. of...
In the past paper solution for this question, it seemed like the examiners used N as a negative binomial distribution, and the probability of an...
Hi All, I just wanted to make sure I am understanding this correctly but generally when we are asked to find the scaled deviance, for the...
Hi All, Simple question. I know the question states that B = a+bZ so that B = a, a+b, a=2b, etc... but I was just wondering why Z is taking the...
Hi guys, I was just wondering how we got the value of +-2 for the max. value over the range. Thanks much.
Hi All, Just had a query re: the covariates and factors. The practice question has covariates of the size of a house (4 categories), the area...
The variability in claim numbers and claim amounts and parameter uncertainty...The example that was given, I'm really not too sure how the values...
Hiya, I have a friend that is doing CA1 in April 2010. He also wants to do CT9 in Feb. 2010. Do you guys think its wise to do both or should he...
"A company issues a block of 5-year single premium investment policies to lives each aged 60 exact at commencement of a policy. It guarantees...
Hi, I've seen in the revision booklets 2 different ways for calculating (ap)x. For eg, decrs. s and r., I've seen (1-Qs)(1-Qr), ie the use of the...
"A pension scheme provides a pension of 1/60 of career average salary in respect of each full year of service, on age retirement between the ages...
Didn't get through here.. as expected... 51% pass rate.
Wow... didn't get through..as expected.. The pass mark was horrible..about 37%
Hi All, I had a ques. In the revision booklet, when finding the prob. of A to D, there is Paa(s) x alpha ds X 1. I was just wondering if the 1...
Hi everyone, I was wondering if someone could tell me why the premium is discounted in the expected PV of the benefits for this question. I get...
Hi everyone, I was wondering why for this question, the reserve for the people that have died during 2005 is added (and not subtracted) from...
Hi, I was going through the 2nd revision booklet, and I'm a little confused about the questions that ask for the mean duration in a state or the...
Hey guys... So I've failed CT4 twice now and I'm getting really concerned. First I failed while taking CT2 which I passed and recently I failed...
Failed... again...
Failed... I've never in my life felt as low as I feel right now. Destruction complete. See you in April.
Hi guys, I'm a little confused and anyone is free to answer this one. Bn is supposed to be the largest num. rolled in n outcomes. The trans. prob....
Hi, guys, a little issue here with the cost of increasing reserves for this question. How come all the "cost of increasing reserve" values aren't...
Hi guys, stuck again with one of the past paper solutions. In the answer, for the calculation of the Premium, it has 12P(0.95 * the annuity). My...
Hi I was looking at the soln. to this question and i got a little confused over the reversing of the integral. I would have thought that the...
I know that this part of the question was only worth 2 marks but I feel like I'm still missing somthing. Here it is. In a certain small country...
Just as predicted, I failed... but I passed CT2 :) How's everyone else? And can you guys see that the pass rate flew up to like 61% this year...
How was it for everyone.... I was a little shocked that there was barely anything to do with ratios or doing financial statements... A lot to...
I've been hearing that some people think that the CFA is a harder and more valuable qualification than Actuarial.... What are your thoughts?
Hope for the best!
An airline has N adjacent check-in desks at a particular airport, each of which can handle any customer from that airline. Arrivals of passengers...
For anyone that's done this past paper before, can i have an explanation to how this ques is answered by the examiners really not sure what's...
I have been hard at work reseaching finance leases and hire purchase agreements... I saw a multiple-choice ques. that stated that the ownership of...
I have been trying to figure out this question for some time and I just can't get the answer. Help! A trade creditor is owed £6,000 by a...
Sorry, wrong forum
April 06, ques B4 A company is interested in estimating policy lapse rates by age. It conducts an investigation into this, which lasts for the...
Hi guys, as u can see, I'm a little behind with CT4 but neways I have a ques. about the exposed to risk defn for calendar rate intervals... On...
Hi guys I just wanted to know for this question why is the transition rate for the members of the scheme who die (mu)n? Also, why does the...
:confused: Hi tutors, please bear with me as I ask as many questions as I can... Sorry for the inconvenience. I was just wondering about...
Hi guys, another question....page 14 of Chapter 3 talks about the distribution of time n to be (1,0,0). I was just wondering where this comes...
Can someone tell me why Cov(X(t), X(t+S) - X(t)) = 0? (pg. 31 - Course notes). I figure it has something to do with independence but I'm not...
Hi guys, I was hoping to do CT4 and CT2 in April, and start studying now (December). I saw that the pass rate for CT4 was sort of low in...