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As per Gresham's reply (above), you will not need to submit diagrams in the exam. You may want to sketch a few to help with MCQs, but you can do...
Hi again, That was why I said "an appropriately stringent" claims management procedure (rather than an "equally stringent" claims management...
Hi Eleanor, Yes, I think that your interpretation is definitely part of what the Core Reading is saying. I wonder if it may also be a bit...
Hi, Mock Exams with marking are definitely a good option - thanks nyaman. Another tutor will also contact you to check in and consider further...
Hi, ActEd doesn't use many acronyms for Subject SP1, and there's no list like there is for CP1. The acronyms we do have are in the Revision...
Hi George, For part (ii), you need to calculate the level of disequilibrium unemployment (ie the difference between the aggregate supply of...
Hi Rajat, So the first thing I would say is that this isn't a huge issue for SP1 - it's probably more of a question for one of the earlier...
Yes, the chain ladder method is generally used for short-term business. And that's correct for the lack of existence of an outstanding claims...
Hi, I suspect that the Examiner's Report is suggesting that care homes might inflate the cost of care, which would result in higher claim costs...
Hi nyaman, I think it's a bit more complicated than saying A-C goes in decreasing severity. Option A means that mortality for impaired lives is...
Hi, Good question! You're right that the solution also includes short-term reserves because of the group IP policies (which are sold as annually...
Hi Dane, Headings are a great idea. A useful one that I use a lot is the items in the P&L account: Premiums (can subdivide into NB volumes and...
Hi Trevor, I'm struggling a bit to see what you're saying in each case. "A" must be a rate, or it doesn't make sense to do a weighted average,...
Hi N93, I think you could use a multi-state approach to model transitions between states for tiered CI. I hope this helps. Anna
Hi kze, Yes, this is tricky. I find it always helps to draw a timeline for this sort of thing. I think you have misread when we assume lives...
