• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Recent content by Sarah Byrne

  1. Sarah Byrne

    Chapter 7 Deductible and Coinsurance

    Hi Thanks for your message. The first paragraph of the example should say there is a coinsurance arrangement of 20% (not 10%). The hopefully the figures all make sense. Apologies for this error. We've amended this for our 2026 materials and will produce a corrections document for the 2025...
  2. Sarah Byrne

    SA1 ASET

    This is due to the low numbers of students sitting SA1 each session (we estimate a maximum of 30 new students each sitting, and often less). We are constantly looking to see if we can offer more products. As a result we launched an SA1 mini-ASET going through the 2022 papers (which are still...
  3. Sarah Byrne

    Past paper questions (post-2019)

    Hi Z.Vr This has now been updated - please see the first post in this thread for the latest file. Thanks :) Sarah
  4. Sarah Byrne

    SA1 topical issues (updated 11 Feb 2025)

    Here is the most recent topical issues for the 2025 exams. The intention of this document is to encourage you to read around the subject and spend time considering the impact of various issues on the health and care insurance market. It is not intended to cover all possible areas and you are...
  5. Sarah Byrne

    CP2 PAPER 2 sensible comments

    Hi There are marks available for other ideas in all the sections you mentioned. You absolutely need to explain your next steps clearly so the examiner sees why they are relevant, it doesn't matter how many sentences that is. Giving an idea, explaining why it is relevant and giving examples...
  6. Sarah Byrne

    Difference between surplus reinsurance and risk XL

    Hi Naman For many health and care policies with a fixed sum assured, surplus and risk XL work in a similar way. For our products, it helps to think about a tiered critical illness insurance policy, for example with a sum assured of 100k. Let's have a surplus treaty with a 50k retention (50k /...
  7. Sarah Byrne

    Past paper questions (post-2019)

    Apologies Emma - I've updated the file in the first post to include the latest questions :) Good luck with the exam. Sarah
  8. Sarah Byrne

    Past paper questions (post-2019)

    Hi Emma The first post in this thread (on page 1) has the latest file which has all the 2023 exam questions included. Thanks Sarah
  9. Sarah Byrne

    Chapter 12 - assets vs capital quality

    Hi Eleanor Assets are indeed whatever investments the company holds, and as you say they will be from a variety of sources including premiums, investment income, equity capital etc. As far as the Solvency II balance sheet is concerned (and that is what we are concerned about in SA1), the...
  10. Sarah Byrne

    ASET Paper 1 model spreadsheet

    Hi Joseph The ASET solutions are available in The Hub. You should be able to log in (using details provided by ActEd) and have access to a course with all the information available (you get access to the courses based on the materials you purchase). If you have any issues drop our customer...
  11. Sarah Byrne

    What is cross subsidies?

    Hi Naman Cross subsidies are where an insurer charges a different amount for policies than that determined in the pricing basis alone. It does this to spread the costs in a different way between policies, for example perhaps allocating small policies a lower expense contribution and cross...
  12. Sarah Byrne

    Products

    Please see responses below: Definitions: Q1) Claim Incidence is date at which single benefit is paid out? Yes, we usually use for a single claim Q2) Claim inception is date at which regular benefit starts? Yes, we usually use this for a claim with multiple payments Q3) Claim duration is...
  13. Sarah Byrne

    CP2 X-series assigments

    Not a stupid question at all :) No audit trail is required for X1, 50 marks is the full length of this assignment.
  14. Sarah Byrne

    SA1 topical issues (updated 11 Feb 2025)

    Here is the latest SA1 topical issues document for the 2024 exams. The intention of this document is to encourage you to read around the subject and spend time considering the impact of various issues on the health and care insurance market. It is not intended to cover all possible areas and...
  15. Sarah Byrne

    Pivot Charts in CP2

    Hi Elliott I'd avoid pivot tables / charts in CP2 - they are tricky to document to another user. They add complexity to the spreadsheet that isn't necessary. If calculations are required to produce a particular chart there are often marks for correctly completing these steps. Sarah
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