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Hi there! I'm preparing SA3, had past SP7, but haven't looked at SP8. Regarding the knowledge of pricing required for SA3, could I acquire...

The question paper clearly direct that "Explain how you used the structure of your paper to construct your argument from a starting point that...

Failed again, although thought this session was easier than the Sep. 2021 one, in terms of the background topic. But I was really confused about...

Would using common abbreviations in the answer for Q1 of CP3 be acceptable, such as "i.e.", "e.g."? or have to use their full version? thanks!

Hi there! Have to say, totally frustrated about the solution from the examiners' report for the Q7 (ii), Sep. 2017, ST7. Would you kindly advise...

hi there! would like to consult, for a report, if an executive summary would be appropriate, does it still need an introduction section between...

the Q&A of Chapter 27, Q27.5 (ii), regarding the increase in DAC, would like to consult, generally speaking, should it be allowed as a net item of...

always not so sure can accurately understand the nuance between the two concepts, that accumulation of risk, is well defined in the glossary...

in Q1, Mock Exam, re the expense ratio involved in the calculation, it's defined as the ratio of expense paid to written premium, and it's the...

aware that there are two places referred the concept of "line size", but seems refer to different meaning, - Page 5 of Chapter 23, "line size"...

concerning currently the form of online exam, and we conduct the answer sheet by computer, a few practical questions that 1) on the exam day, if...

regarding the words count rule, are the words, taking a letter for example, like "company header with address", the name, address, and the date,...

3.8 of Chapter 25, what it means by the referred "factor-based approach"? seems not introduced in any place of the course notes, thanks for...

as per the solutions of the examiners' report, i have a couple of thinking, to consult, as below. 1) the question is related to the range of...

Assuming the year required is 2015, then, i have a solution to derive the expected incurred loss in year 2015, different from the two approaches...

Have a few confuse points, (iii) the method "Incurred Claims", seems not covered by the study materials. so my question is, as a method of...

would you kindly advise the derivation from the UWY ULR loss % to the AY ULR loss %? and for the assumptions, concerning the content in the...

wondering do not so sure to master the distinction between parameters and variables of a capital model, so would like to consult that, if as the...

has a confusing point, especially in the questions in the Mock Exam paper purchased from ActEd, that, regarding area of cover / coverage of...

P7, section 3. Chapter 11, controlling inflation it's clear to understand the underlying rationale that reducing interest rates → increase demand...

Hi there, frankly to say, I'm always not clearly understand what's the meaning by "valuing options and guarantees" in part 3, Chapter 32. Does it...

refer to the solutions for the revised cumulative reported claims triangle excluding ALAE, would like to consult how the figures derived? no...

the policy type, investment bonds, introduced as a life insurance product, P22 of Chapter 6, but there seems too few introduction or example for...

in Chapter 25, page 21-23, the "factor-based approach" is mentioned a couple of times, but it seems not introduced in previous chapters or any...

how the information of "claims notified in accident year" should be utilised? in another word, how to understand the numbers settled is bigger...

Page 36, Chapter 15, when talking about the reasons why the reserves resulting may be different for paid claims or incurred claims basis applied,...

The 1st paragraph, in page 15, Chapter 14, refer to the discounting rate, it's said that "......it's important to consider the consistency between...

would like to consult that how about the relevance for passing the exam in terms of the referred supplementary materials, e.g. 1) the book,...

Chapter 3, 1.2, page 8 regarding the insured perils for motor third party liability and marine & aviation liability seem a little bit different...

from capital requirement point of view, there are two measures, i.e. solvency / regulatory capital and economic capital requirement, from the...

3 (1) the question is ......non-economic factors...... but referring to the solutions, ......expected return, investors income, a change in their...

Assignment 1 question 1 referring to the solution, it mainly focus on the data itself, i think the financial impact analysis for any change in the...

the question of X6.2 is "describe the actions ......", but refer to the solutions, it includes not only the actions but also the resulting issues...

just found a maybe typo in the solution for X4.10 in page 17, the last subheading, "Exposure risk", according to the content under that, it seems...

Assignment X2 X2.6 the question is "describe how the actuary will have used their asset-liability model to derive an investment strategy for the...

Assignment X1 X1.1 the question is to describe factors to be considered for carrying out a review of the external environment. initially, i think...

Chapter 36, point 12.1.2 in the Syllabus, discussion how regulatory capital requirements impact on a provider's profitability, from my...

Chpater 23 - pricing and financing strategies, refer to unfunded benefit scheme, may I understand it as no immediate premium payment requirement...

in Chapter 16 - investment management, part 3 - risk budgeting, and part 4 - portfolio construction, actually, the content seems highly similar,...

in Chapter 15 - Asset-liability management, page 12, Discretionary benefits There are two sentence in this paragraph, one is "if discretionary...

In Chapter 13 - relationships between returns on asset classes, page 8, paragraph 2.5, how to understand that "Returns on cash might be expected...

Dear tutors, 1. Syllabus objective 9.1.1, "describe the principles and aims of prudential and market conduct regulatory regimes" Only the latter...

Actually, I have to say that I have not grasp well the core meaning and application of Value at Risk and Tail VaR yet. I think the study material...

As taught by the CMP, all information included in the answer for CP3 exam should only be from the advance material and the question body. However,...

Thanks in advance for the friends who can share the pass rates of CA1 for the past 5 years' sessions!

Hi tutor, I study the past paper of 2012, downloaded from the website of IFoA, the day 2 assignment, i.e. the letter about the capital release...

Hi tutor, Have a confuse point about the restriction on MCR and SCR with tiers in Solvency Ⅱ, that, according to CMP on page 28, Chapter 4,...

per calculation of Solvency Capital Requirement (SCR) by standard formula under Solvency Ⅱscheme, about the component of market risk and...

Hi tutor, In Q7, (v) part, April 2011, refer to the understanding about the "15%", have confuse about the solution given in examiner's report,...

When make answer on the answer book in the exam hall, whether it's acceptable by the marker that answer as the order depending on personal feeling...

in Page 18, Chapter 23 of course notes, the method of broad brush, the applicaton towards proportional business have been stated well in detail,...

Dear Tutor, On studying the Chapter 24:Accounting methods, about the funded accounting, a problem encountered, would like to consult with you,...

Hi tutor, It seems there is a mistake in Q2.16 of Q&A Bank, that, in the solution part, (ii), about the basis to be used, for purchase or sale...

Page 12, Chapter 30, about the assertion for data used in modelling process, there are two points seems similar, could not catch the difference...

In chapter 14, the concept of running yield is used several times, but not defined clearly. Besides, it used and defined in chapter 16, for...