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Please help. Look forward to hear from anyone who has more clarity.

Thank you, very helpful!

Yes

Q3. part ii) The solution is interesting. Did not think about it when I attempted the questions. Any hint towards core reading? As we have to...

Yes, was referring to own funds. Also, after revising surplus distribution, I realized that own funds= free assets= assets-liabilities. Is this...

I need help with understanding part vi) The question implies that company is reporting sensitivities on SCR and own fund. The sensitivities are...

Continuation of the question- How is 'diversified capital' calculated in this question from 'undiversified SCR'? In core reading, it is only...

Q2. part iv) The formula quoted in Core Reading for xd adjustment is xdi,t = (Di,t * N i,t )/B(t-1) I could not follow the definition of...

Alright. Thank you for simplifying!

Sounds reasonable. Thank you, David!

Hello- to further clarify, if for example, a group company which has presence in UK but parent company is in Asia (outside EEA)-if the equivalence...

Hello- I am finding it difficult to understand the application of Customer Value in core reading in these two parts (2 vii and viii). Few...

Hello Gresham. Thank you. This was very helpful!

Thanks a lot, Em!

Alright. So I am concluding that even if the requirement is now to hold lower volume of assets to back liabilities, this shouldn't affect the...

I didn't specifically understand the calculation of estate distribution and maturity smoothing component for estate analysis. Please help.

How will high liquidity due to increase in yield lead to a higher matching adjustment?

Still not able to understand. Can you please elaborate?

Alright. Is this the same as Core Reading in page 245 of 2022 version? When the minimum profits test bites, 'the E of the following period is...

Thank you! This was immensely helpful. Only one follow up question related to part iv)- the question states that it is a longevity reinsurance...

Thank you. I wish I could read the whole PDF and even understand it entirely. The ABS format seems to be applied in reality as well. Technical...

Alright, thank you!

Thank you, this was very helpful. Just one clarification; what is unrelieved expense generally?

This is very helpful. Just one clarification- how does this difference in cost of funding lead to a liquidity risk? Is it because of the risk of...

Replied via a direct message.

Thank you

Tried it again as follows to get PUSA= 10654 vs 10658 in study material (close enough, I think) Formula to confirm now- Abar:x:<n>= TAbar:x:<n>+...

Hello, Thank you for identifying this issue. Revised calculation is below. It still doesn't tie with the study material's solution. Perhaps the...

I wanted to revise this topic before reverting but I still did not follow this logic/Core Reading. How is the release of margins in reserve same...

Thank you for taking out time to answer my questions! For the tax question, I understand the wording now. It was a generic statement talking...

Few more questions, related to taxation and behavioral finance. Need help. April 2012-Q5, ii) In the question, for Country B's allowances,...

Thank you for clarifying!

Sounds good now! Thank you

Ok thank you

Alright. Thank you!

Ok. If we were required to look at the profit aspect, what would it mean?

Ok. Thank you!

Thanks a lot for clarifying my doubts!!

Can you please elaborate? Does it mean that convenience yield is positive value currently but as futures are long term in nature, this convenience...

What about this one in April 2018, Q7 part iv)? Sorry, marked this as Q6 iv) originally.

Ok. We are also assuming that K1<St<K2 condition could be a profit or loss. If so, wouldn't this assumption suffice for no arbitrage principle?...

This example was very helpful! I plotted a graph which matched the graph in the question. However, while we are assuming the tail of first...

Thanks a lot for clarifying my doubts again, Mark!

Alright. Is this the same as Core Reading material- If these surrender value assumptions exactly represent future experience, then the total...

This trend is somewhat inconsistent because it increases @1% from 2007-2012 but decreases to 6% in 2013 followed by which the assumption in 7%,9%...

Questions related to April 2018 diet. 1. In Q6. i) What if we calculate ratios as the question asks for assessment of balance sheet and income...

No problem! Yes. Made a note of this, especially for EV.

Alright. Will keep this in mind. 10 marks for 4 types is reasonable, especially given that its not bookwork but application based and such...

This was very helpful,Joe. Sorry about taking a while to get back but I had difficulty in gauging the solution until I practiced it. The...

Ok. Will revise this topic to understand more about release of margins vs release of reserves. Thank you for guiding!

10 marks for this question made me think beyond technical aspects of each form of distribution. If we cover both technical aspects and operational...

Alright. Thank you for clarifying.

Was referring to this as a mistake by students. Ok so we are just applying the traditional definition of EV here. Somehow the word 'surplus' made...

Ok. Sounds good, thank you!

Thank you! This was helpful.

Ok. What I was really curious is to know 'where' to apply the bid offer spread in any question. Lets say we are calculating the offer price...

Ok. In Sept 2017 Q4 part iv), there is a bid offer spread of 2% and although bid price is 98% of offer price, we don't account for this spread...

Mark, can you also confirm if bid/offer spread is always applied to the offer price only (and not bid price)? I think so but the terminology...

For Q3 in the same diet, the solution says that Dow Jones Industrial Average is not an investible index. I understand that being unweighted, it is...

Hi Joe- This was very helpful! Understood everything clearly. Many thanks!

Ok got it. Probably too much of variety with both SP2 and SP5 coming up!! Thanks a lot!

Thank you, Mark! I have 2 follow up questions as follows- 1. The reason for rolling up expense for surplus calculation assuming they are incurred...

Thank you so much Joe. Will try solving again with your input but as it was questioned only once in 15 years, I hope this isn't repeated because...

Thank you for clarifying my doubts, Mark. It is very helpful!

For the same attempt, Q6 part iv) instead of pointing at issues in the model , cant we simply elaborate on how it is the auditor's responsibility...

Thanks a lot, Mark. This was helpful!

Thank you, Mark! Its been a while since I revised CM2 material and got a cue from your response. Will build on to it.

Hi Mark, Thank you so much! This was really helpful. Regards, Sanjoli