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The answer for question part (ii) mentions that a decision will be made on how the charges for GAR will need to be split. In this case how would...
In the marking scheme it said "The penalty should reflect the resultant loss to the company, based on the difference between the future interest...
Perfect. Thanks for your time
Thanks, So is the marking scheme incorrect then when talking about the differences between SI MCEV and SII MCEV? In this case the economic...
Thanks, I just want to clarify. Looking at the marking scheme it said "For the MCEV under Solvency I, the actual earned investment return would...
Hello, I just want to clarify my own understanding. The question is asking how the approach would be different between using SI MCEV and SII...
I see sorry. I was treating them as seperate things.
Thanks Lindsey, Just to clarify. If we are moving from MCEV to EV under SII. The difference in illquidity premium and MA will be the VIF. The...
Hello, In the question it said that "If the impact of the matching / volatility adjustment under Solvency II is the same as the liquidity...
I have called the institute and they told me the report should be available at 5.00pm today. On a side does anyone know what the pass mark of SA2...
Does anyone know the exam results?? I got a 55 but I failed. I wonder if did other people get....
I though it was a "standard" paper. There was one part where I kinda messed up but I suspect the pass mark will be high...
Thanks for your response. My understanding is that Fundemental spread is effectively the retained credit risk...So if we were to widen the credit...
Hello, I am trying to get my head around (iv). My understanding is the following: 1. The credit spread will include both the fundamental(risk...
Ah .... I understand.. thanks a bunch.
Hello, Could someone help with the explanation of the answer for question (ii)? "If the interest rate charged to the policyholder is higher...
All you have explained really make sense and help me to consolidate my understanding. I just want to clarity one more thing. Bel <0 during...
Yes you are right apologies I should be more careful A big thank you for replying so quickly
Hello, I just want to clarify somethings 1. WP Bel can thought of as Smoothed asset share(RB + TB+SUM ASSURED) + cost of guarantee. The cost...
Just to add to this... as time progresses I would expect an unwind at risk free rate.. so wont profit emerge as well?
Hello, I am currently going through your online tutorials and I am reviewing the video "Profit recognition (11:11)". When the liabilities is...
I think it is absurd that the pass mark is soo high... historically the pass mark was what? high 55s?
This is insane... For this sitting, I passed SP2 and I only got 56. For SP5 got 55 so I thought i was pretty close (clearly not). Judging by the...
Hello, I moved house. For those of you who were accused of plagiarism. Did you only receive a physical letter or did you receive an email as well?
Thanks!!!!! I understand... Great minds think alike ^_^
Thanks, In that case would it be fair to say that BEL can be negative value in a lot of the policies where regular premiums are paid out? In...
In page 537 of the latest SA2 course note. We are given the formula: CSM = Initial premium – Initial expenses – BEL – RA I assume the "initial...
https://www.acted.co.uk/forums/index.php?threads/introducing-the-acted-acronym-app.10456/ You should be able to find the SP5 version through the link
Hello, I am currently reviewing the answers in the revision booklet and I was not sure about the answer in part (iii). I am not sure if I...
Could someone help me to understand why the interest rate assumptions are based on the pricing assumptions, which in turn is based on based on...
Hello, According April 2016 Paper 1, question 4 part (i). The answer implies that Surrender profits occur when more than expected policies...
Hello, I just want someone to confirm my understanding. Under terminal funding. The company will set up the fund at the last moment just before...
