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The audit trail approach (marks): Communication skills (4) Student can review and check methods (7) Senior Actuary can understand and scrutinise...
"The best estimate liability (BEL) is the present value of expected future cashflows, discounted using a ‘risk-free’ yield curve (ie...
Original terms and risk premium reinsurance can both be written on individual surplus or quota share basis. How? Original terms - involves...
I'm trying to understand the SII balance sheet. Technical provisions should represent the amount that the insurance company would have to pay in...
How do you derive the result for classical credibility Z =(n/n_s)^0.5 I have done this for n_N and n_x but can't derive it for n_s.
My understanding is that: Shortfall probability is P(x<L) and VaR at k%=-L where P(x<L)=k% Am I right in thinking that: Tail VaR at...
See the 2nd sticky post above titled "The Greeks" Page 4 of the pdf shows the derivation. The terms cancel out.
The solution says that it is possible to calculate P(S1>320) using ths distribution of ln(S1/S0). Could someone please demonstrate how to so this.
The first part of the solution calculates the mean as 4.08 V=E[(x-mu)^2] The variance is calculated using 3.36. How did they get this? Is...
