How concise can you be in your answers for SA/SP exam? For example, if the question is like "what should the insurer consider before launching product X", can you just write: - Target market is? - Its current size? - Its future size? - Expected sales volume sufficient to recover development cost and make some profit? Thanks in advance.
The command verbs are described on the IFoA website: https://actuaries.org.uk/qualify/pr...bs-used-in-the-associate-and-fellowship-exams 'what' isn't one of them. A good guide to the level of detail you would need can be found in the examiners' reports and ASET.
