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Hi Bharti, I'm keen. What's IAI?
Thank you. Does IFRS17 preclude the use of net premium reserves on the Statutory balance sheet?
Hi, Please I'm looking for some clarification on IFRS balance sheet, in particular: 1.) Is the entity's share of the surplus (UK terminology:...
Someone already answered the question, and quite politely too. https://www.actuaries.org.uk/studying/curriculum/life-insurance
Thanks, don't know why it still says paper-based on IFoA website
It's been a few months since I sat an exam. Is SA2 still a paper-based exam?
Hi Lindsay, I appreciate the prompt response. So this is expected movement only. The sequence I've used is: 1. Projected Liabilities a year ahead...
Hello, I'm working on Analysis of Change in Liabilities. I've 'turned' on deaths but I see that the policy liabilities have increased :(. I was...
Hi everyone, I hope this is the right forum to ask this sort of question (as against SA3). So I am new to the R statistical package and I am...
Please can someone explain how the index works. Also, paragraph 3 and the 1st bullet point :confused:
I thought that should be IBNR/Change in incurred just like OSCR/Claims paid? So reserve adequacy is measured by the inverse of the IBNR burn rate?:o
Please, I don't get you :(
Hey, You read my mind - chapter 15!:D Was just going to ask the exact same question
I don't get this please. Why was this not done in the second year as well?:(
Even in gambling e.g. at the casino, the casinos still lose money but that does not mean it is not gambling.
Hey, How I understand reinsurance to work is that your claim goes to the topmost layer first and then finally comes down to the first layer...
Hi everyone, I realise that the school fundraiser satisfies a good number of the requirements for a risk to be insurable. But this is still a...
In the first paragraph, "two elements of the solvency capital required" - what are the two elements? I thought solvency capital was just excess of...
Having read the following paragraph, I get it now :D
Please, in the subsection of "where does the RITC go", why is the RITC being paid to the 2015 trust fund as per Paragragh 1 in that subsection?...
Thanks!
Hi all, How can I get a guide of past exam questions linked to core reading chapters?:rolleyes:
Please how was 75% arrived at?
Yes, that is what the book says but there was no reference to end of investigation scenario. Please can one of the Acted tutors answer this. Thanks!:)
Thanks but study ended 31/12/2012
Hi everyone, A quick question: X was born 4/2/1990; joined study 1/3/2012; study commenced 1/1/2012. X dies 1/4/2012; study ends 31/12/2012....
Hi Helen, So are you saying apart from the issue of over-insurance, it is illegal to hold multiple life policies?
Hi everyone, Aside from the disadvantage that pension income cannot be predicted with certainty if one transfers out of a defined benefit...
Hi, As far as I know, life insurance policies are contracts of benefit. Hence, there is no restriction on the number of policies that an...
Thanks :)
Hi everyone, Please what is the difference between robust, rigorous and dynamic models?:rolleyes:
Help!!!!! Just when I thought I had understood this reinstatement stuff. Question 5.14 - why is there a reinstatement premium to be paid after...
Hi Everyone, A question just came to mind. What if Claim 5 was 2m (net of retained amount). What would the reinstatement premium be?
Eureka! So this is what I figured out. The cedant pays a reinstatement premium each time the coverage limit has been reduced, subject to two...
Hi everyone, I am not very clear on this issue of reinstatements. After the last reinstatement premium is paid for claim 5, why does the...
Hi, Has anyone come across any past question relating to variance adjustment? The end of chapter exam question does not test that bit. :(
Hi, Just wondering if anyone would share my line of reasoning on this question. Consider an individual born in the calendar year 1990. On...
Hi, A continuity correction was used in the cumulative deviation test. Any reason why? Even if we say that only intergral number of deaths can...
"This means that the probability (60) dies before (60.1) is LOWER than*the probability (60) dies between the ages of (60.9) and (70)." I guess...
Thanks John, But I meant intuitively. Like you explained that of Uniform Distribution of Deaths. And can you kindly help on the question on...
Can anyone please intuitively explain how Balducci assumption implies a decreasing force of mortality. Thanks!
For a constant force of mortality, I thought probability of death in a particular year of age is constant. So that the probability of dying in two...
Alright, thanks!
Okay say this taxpayer has an annual earning below £32'010 and so is a basic rate taxpayer. But s/he also has dividend income that pushes total...
Negative TVaR What if TVaR is negative? Does that mean zero since it is E(max L-t, 0)
I have just studied the material in Chapter 7 and have seen the error in my thinking. Thanks all for your many 'replies'. :rolleyes:
Please how was the Variance of S derived? I think it should be: Var(S)= E(N^2) Var(Z) - Var (N)[E(Z)^2]
