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Thank you so much for the explanation Andy!
Hi, From the Examiner's report, why does gamma0 not include a variance term? And how is the conclusion of rk = 0 unless k is divisible by 4...
Hi, In the ASET for Q7(iii), it's stated that for a hedging portfolio, opposite positions to the delta and initial value of the options should be...
Thank you so much Andy for the detailed explanation! :)
Hi, For this compound Poisson process, why can't we use the expected value of tolls collected per minute (19.5) as the new Poisson parameter to...
Hi, For this type of question, how do we count the degrees of freedom? (ie. Why is the degrees of freedom 12 for the null model?)
Hi, For the same paper Q11(ii), why are we not dividing the pure endowment term by (1+b)? Isn't the final maturity benefit = sum assured * (1+b)^9?
Hi, For constant force of mortality assumption, is it necessary to work out the force of mortality from px instead of directly using (px)^(t-s)?...
Also could I ask for Question 14 (v) of the same paper, why is the central limit theorem not applicable here when calculating the variance? i.e....
Hi, Why are the future simple reversionary bonuses not taken into account when calculating premiums and reserves for policy B? Thanks a lot in...
Hi, Would like to ask why are we not using the death strain at risk formula to find the death claims and surrender claims for conventional...
Hi, Could i ask how is the CRLB in Q12 (i) (c) derived? I don't really understand why the expectation of M is n/theta. Thanks a lot in advance!
Yes thank you so much!
Hi, How are the dependent mortality rates calculated in the exam report? Why are they different from the independent mortality rates? Thanks a...
Hi, How is the variance of the total claim amount in this question obtained? Thanks a lot in advance!
Thank you so much Colin!
Hi, From the ASET, one of the disadvantages of swap-based strategy is that if it is 'cash settled', the counterparty may need to deal in physical...
Hi, Would like to ask how is the return calculated for 2(iii)(a) period 4, where one player valued at 4 was removed and one valued at 6 was...
Hi, The examiner report stated that the yield on UK equity portfolio has a high yield ratio (120%~). Could someone help to explain on this, what...
Hi, From the examiner's answer on the gilts plus repo approach from Q3 (iii) for SA6 Sept 2016, it is stated that 'At expiry of the repos, any...
I see, thank you so much for your reply! I was just confused because correct me if I'm wrong, setting investment income aside, these two...
Hi, On question 6 about calculating the investment income if the fund had been invested in the index, the answers shown are to use the market...
Hi, In Chapter 5 Page 28 of the Course Notes, under infrastructure investments, why is initial reduction in value caused by rising interest rates...
Hi, For the answers to Question 5(ii), seems like the question is seeking for issues in designing the protection scheme to protect policyholders...
Hello, Would like to ask regarding Question 9, why would there be liquidity problems if the interest is accrued? Thanks a lot in advance again!
Hi, Regarding the answers for question 6(iii) from Paper 1 April 2013, would like to ask what are the differences in the approaches to apply...
Hi, For Question 6 (ii), the answer stated that married employees may want a higher contribution rate since otherwise they will end up with a...
Hi, From the answers for this question, would like to ask why is it expected to see a higher than average price fall for defensive shares with...
Hi, The answer states that 'Risks that are outside of the risk tolerance of an individual subsidiary could be reinsured within the group'. Would...
Hi, In Page 32 of Chapter 10, what does 'Property unit trusts may have to hold cash to guarantee marketability, and this may dilute the expected...
Hi Mark, Would like to ask what are the key factors affecting whether a life insurer will use quota share reinsurance or individual surplus...
Hi Mark, Thank you so much for the explanation. On this, I have a question regarding Question 1.8 (ii) from Chapter 30, which is regarding...
Hi Mark, Thank you for the reply. I still have a question. How does reducing the shareholders' return in this case provide for margins against...
Hi Mark, Why do negative non-unit reserves represent a loan from other contracts and need to be repaid from future emerging profits? If positive...
Hi, From Chapter 17 Page 22, regarding the margin in the discount rate, "The company will now make less profit than it requires if i is...
Hello, There is this statement in Page 13 of Chapter 15: "For without-profits business, the present value of shareholder transfers is effectively...
Thank you so much for clarifying!
Hello In Chapter 37 Page 5, it is stated that 'choice of valuation basis will not affect the total amount of surplus arising over the life of a...
