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thanks!
Hi, I was going through the accounts question on 27.8 and I had a question on how the mid year cashflows are calculated. The Calculation for...
Hi @Busy_Bee4422 , Thanks for the clarity on point 1. But shouldn't the answer then convert the final numbers to the new cover? I agree with...
Hi, Sorry for the extremely long post (and maybe rant)... but this question has basically driven me up the wall. I've spent the better part of...
Hi @Busy_Bee4422 , thanks for the response. My thought process was basically: 1. The question has given an updated claim number for only UW 2000...
Hi, The examiners answer to this question was actually not very satisfactory to me and I wondered if the tutors and students on this forum can...
Any idea when March 2022 results will be online?
I totally forgot this was 2007 and we're in 2022 lol. Thanks a ton!
Hi, I know it's a little late to ask this question but here goes. This question is a boilerplate accounts question. However, I have questions...
yeah. At first i thought if this was like a third date (in the sense there'd be one exam in july and then another in sept)... but that just seems...
Just saw a timetable posted by the IAI about a session in July 2022. What's this about? i'm kind of confused!
Hi Ethan, yes it was incredibly incredibly frustrating. My heart sank a little every time the results were announced and it would break my heart...
I think i figured it out. it was a chrome extension issue! on another note, is it a good idea to study the detailed formulae on how the SCR for...
Hi, I am looking at the forumlae for the calculation of SCRs for each individual module. I referred to two sources listed below: (the EIOPA...
Hi, the question is a simple 2 mark question that asks the difference between using UK statutory reporting and companies act accounts for...
Are there any sources on any climate change cat models that are being developed by risk modellers? And incidentally, would climate change models...
Yes it was very helpful. thanks for the explanation.
So lets assume that we write $10 mil of business on 1st july. Assuming that the exposure of the risk is uniform, we'd expect to have half the...
The core reading material says UPR is not allowed for in S2. However, there's also a best estimate premium provision that is equal to the best...
yes it does and I saw it first hand. going into an exam with fear and going in with confidence are two very different things. the closest...
if there is no script review, the final mark is the average of marker1 and marker 2. if there is script review, the final mark is what the script...
Passed with 65.
hey, I cleared SP7 and SP8 from the UK and IAI. I'd like to thank all the help I received from this thread... what worked for me: For IAI: 1....
Any idea when sept 2021 results will be out?
I would expect that practical answers would score higher than bookwork in a SP/SA level paper :|
I did this for one past exam and I got credit. So i think you should be fine
Would we lose marks if we do not start the question on a separate page?
The most often used general explnation for the hard underwriting cycle is when insurance is profitable and the premiums are really high. Is the...
understood...thanks for the explanation!
@Darren Michaels my apologies. However, if we assume that the policies are written on average in the middle of the year, then does the...
Hi, When solving chapter 26.10, I was very confused with the time periods that are being used. The question asks us to build the revenue...
@Joe Hook would the settlement patterns change the answer? If the claims are short tail in nature, would this have an impact of lowering the NPV...
Hi All, i'd love to discuss this too. @John Lee do let me know your comments on my case....
Sorry for the longish post... but I really hope everyone reads through this. @Ian Senator would love your inputs on this. I received my SAR for...
I'll surely attempt the exams from 2010 onwards as well.
Generally 0.5 per point that matches with the answer script/ASET. 0.25 if I feel the answer I gave was fairly innovative but not in the script....
I think what gets me is that I keep failing by 2-3 mark every time. I never seem to be getting full marks in any of the application/higher order...
@Darren Past exam papers - 2014 - 2020 attempted under exam conditions mutliple times. Cross referenced with ASET. Mock exams - Attempted under...
I have given the paper 7 times. I have kept failing by 2 marks in 5 of those times. I would +1 this thread.
Hi Trevor, I will definitely take you up on the offer and reach out to you. I didn't mean to memorize the answers/bullet points... it's...
thanks for this. I'll definitely try it out. I am giving SP7 this time. Is it ok if I message you privately for some tips?
I have the SARs for 5 papers. I used to struggle with data and RI questions. This attempt was supposed to have fixed that. Also describe and...
I'm doing the tutorials for SP7. I purchased the offline tutorials for SP8. I see your point. I did dip into the older question papers for the...
I feel that writing older papers would not necessarily help. I have noticed the change in the type/content of questions that get asked. Im more...
Timed conditions. I have written 5 years' papers (2014-2018) papers total) at least 3 times. I've attempted the 2019 papers 2 additional times...
Hi All, I'd like to make public my ongoing failure. I've written the SP8 pricing a total of 7 times. The first two times, I wrote without any...
I prefer the online exams in all honesty. I have really crappy handwriting and typing it out helps enormously. I also feel that the open book...
Any idea when the IAI results are going to be published?
I thought it was very lengthy. I made a few extremely silly mistakes (perhaps due to time pressure) in the numerical questions... For instance, I...
Putting this thread because I didn't find any posts on this. How did everyone find the exam? What do you think the pass mark is going to be?
Any ideas what the pass mark for SP8 was?
looks like 56/57 (most likely 57)
Has anyone managed to get their results?
I anticipated that most questions would be application based or higher order based. Frankly i think this is the way it's going to be for future...
I started off with an exectuive summary that gave a summary of the whole thing along with the final impact on profits Next section went about...
i was able to complete the paper... but i felt i didnt do any justice to the 8 mark premium rate change questiona dn the 11 mark question on xol...
i included the executive summary I felt that including an overall impact would actually be better than plotting the individual impacts because of...
Felt the same way. I was also taken aback by the comment question... i felt it would have been easier had it been a describe question
thats rough
Basically the GLM's job is to provide relativities to the factors and explain the model based on the inputs that have been provided. In the GLM...
Your understanding is a little bit off from a practical standpoint. You are looking at if writing an extra dollar of business would be worth...
Hi, The question basically provides the expected aggreagate claims cost for different limits (with an excess of $1M). It then asks what the...
On a thorough analysis i've noticed that the describe questions are where i've ended up losing a ton of marks.
lol @ the circular reference This thread references a thread which in turn references back to this thread
Yes. I also found some of the questions where one marker has given me a lot of marks and another has given me very less marks, though overall,...
Aliasing and interaction are completely different concepts. Aliasing occurs when there is a correlation between the factors themselves. For...
I received a 55. I don't have the data to back this up... but i feel that the marking this time has been rather strict. Have asked for a SAR I...
I think they've disabled logins until they can sort out the issue... Too many login requests would also result in unnecessary 504/502 requests :D
> I have the LR data points and I can use fitdistr from MASS package to obtain the parameters and can fit a lognormal distribution in R and can...
Your question is a little ambiguous. The error structure effectively depends on the distribution of the underlying data and is often used to...
Factors are categorical variables (variables that are bucketed - Gender/make/model/etc) while covariates are ordinal variables aka continuous...
I was not able to attempt the question on data requirements for commercial and private motor fully. I had only 5 minutes left by which time i...
Posting one here because I didn't see it. Mods, I hope that's fine. So how did you find the exam? Lifting possible responses d from the sp7...
Hi, Can someone let me know what exactly the examiners look for in the following areas: 1. Audit approach - communication skills 2. Audit...
Hi, Would the FAP exemption to CA1 continue with CP1?
Hi, So a little bit of a background about me... I worked in a GI firm for 3 years and I've started my own company... I've completed CT1-CT8 and...
Hi, I was going through chapter 3 and had a question on some of the measures of exposures that have been provided for some lines. For instance,...
Hi, i have a question on the distributional assumption made. In chapter 13 (section 6), the main assumption that is made is that the rate of...
Hi John, Would the pass mark be significantly lower due to the difficulty of the paper? I do understand that they don't give out the pass...
find the absolute value of that complex root... square the two numbers, add them and take the root of that...
Since I haven't seen any posts on this... I thought I can ask the question... How difficult did you guys find this exam? I thought this was...
Hi, For question 11, why do we add the reserve at the end of 31st dec for the lapsed policy to the DSAR calculation?
Hi, I understand the difference between E(Z) and E(W)... but I do not understand when to use it (in what context, etc)... Would you be able...
Hi, Why don't we consider transfer of reserves when we are projecting the expected cashflows for unit linked end. assurance plan in example 2?...
Hi, I know this is a question that often gets asked. However, I feel obligated to ask once again :) In CT1 forums, 65 was generally...
Moderators, please tell me what is wrong in my logic: 1. Interest rates - When interest rates decrease, there is a cascading effect that happens...
Hi, When calculating method of moments, the IAI manual divides the var(X) by a factor of n. With regards to this, wont using 1/(n-1) be...
Do the certifications help actuaries? Is there some recognition for SAS certifications in the industry? For instance, there is an enormous...
Exactly the reason why I left an analytics firm and joined an insurance firm :) Also the work hours of the whole global delivery model... it...
if I may ask/guess your company... Mu sigma? Latentview?
I dont know how relevant this would be... but i wrote an article based on CT7 :) http://polyticsind.blogspot.in/ Hope you enjoy the read!
Ive heard that CT3 and CT6 are generally held on 2 consecutive days... while i do agree with suraj that CT6 assumes ct3....i feel that you...
Completely agree with you on the gamble :)...one thing which i contest with is: "What about income or wealth? I think most people will still...
Hi, I was hoping to get a query answered. The CMP does not seem to shed a lot of light on the marginal utility of income...my mom(an...
Come on john!! Iron Man 2 was good!! Anything that has sabbath or AC/DC covers are awesome :D
If you do a little bit of digging you will notice that in many of the iron man and the avengers scenes, Robert Downey would have been given a free...
Cant wait for it dude!! I initially did not like thor when i first saw it...but loved it when i watched it the second time....strange :P
Sorry for the late response...but yes!! die hard fan here went for the marathon on may 2nd... iron man 1 2, avengers and then iron man 3....
You could switch over to chewing bubble gum....apparently chewing the same brand during studying and examinations increases recall...havent tried...
