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Hi, Can someone help me in understanding if the smoothing cost is charged to asset share if company is paying either equal to or lower than asset...
Hi All, Can somebody please explain what are the drawbacks of using IFRS and US GAAP (Profit Reporting) as realistic measures of profitability...
Hi All, Can someone explain the meaning of impairment losses on loans and receivables under IFRS 9? Why IFRS 9 ask for earlier recognition?...
Hi Everyone, I have a question on shareholder's interest in bonus deferral under Addition to Benefits method. If a proprietary company aims to...
ok thanks Em Francis :)
Hi Everyone, Can somebody please explain why it is appropriate to use actual expenses for 90/10 business and product charges for 0/100 business...
Hi, Can somebody please explain if BLAGAB accounting profit is same as Non-BLAGAB Trading Profit? Are we saying here that the formula is same but...
Hi Guys, Can somebody please help me in SCR calculation for above mentioned question? I dont understand how 0.01 is used in the denominator of...
I came across a new acronym: RACING CAR for Trustees actions to improve security of the scheme Ratchets in Contributions Accrual (Cease or reduce)...
Thanks a lot Gresham :)
Hi All, Can somebody please help me in explaining "Investment target" section of solution to above mentioned part please? I am finding it...
Thanks a lot :)
Hi Guys, Can somebody please help me in knowing how deficit of current valuation is 15 m not 20 m? If it is 20 m then reconciliation total of...
Thanks Gresham :)
Hi Everyone! Can somebody help me in below question? "Which discount rate could be higher "Pre retirement" or "Post retirement" if Asset Based...
Hi All, I have a question on the solution to the above question. How can asset share become more negative (if initially negative), if we achieve...
Please help me calculating claim incurred in the question Exam paper link:-http://www.actuariesindia.org/downloads/exampapers/May2014/QP/ST7_QP.pdf
Hi All, Can somebody help me in explaining different market related methods, possibly with the help of some numerical example? Thanks in advance!...
Hi All, I have a question regarding the above topic from SP4? Ch6:- While discussing risks of income draw down approach, why is the case that...
Hi All, Can somebody please explain the above question. I am not getting the solution to this question from the revision notes. Any help will be...
okay got it! Thanks Mark :)
Hi Mark, In the equation mention above for PVFP ie:- Profit = Premiums - claims - expenses + investment - increase in reserves, "Increase in...
Thanks Mark :)
Hi All, I have a question on EV calculation. Considering a without profit term assurance product with some mortality basis. Now if I increase the...
Hi All, I am facing difficulty in understanding how different basis like:- 1. Realistic Prospective Value 2. Earned Asset Share 3. Old Premium...
Hi Phani, I think it is more to do with for which purpose it is calculated. If it is calculated for publishing in accounts, internal management &...
Hi Snehav, There will be no harm in doing chapter 11 if you have time and can understand it well. There are no such suggestions for Qbank. I think...
Thanks Muppet and Jian :)
Hi All, Can somebody help me in understanding what do we mean by "Movements Data" under Data reconciliation checks? Regards, Rajat
Hi Sneha, Although the time is really insufficient still you can follow some tips to prepare better for exam:- 1. Leave chapter 11 2. Have a...
Hi All, Can somebody tell if there is some past exam question on Big Data in recent examination diets? I think it is an important topic from the...
Hi All, What is the difference between Risk Basis Excess of Loss Reinsurance & Individual Surplus Reinsurance? I think both are serving the same...
ok thanks Muppet :)
Hi All, I have a query on using illiquidity premium in discount rates. Incorporating illiquidity premium in discount rates to value annuity...
Thanks Muppet :)
Hi All, Can somebody please help me on two points:- 1. Is it possible to have new business strain for single premium contract? Is yes, then how?...
Got it! Thanks Mark :)
Hi All, I have question on the following Surrender Value principle:- "take account of surrender value offered by competitors (and possibly also...
Hi All, I would like to know whether there will be any significant changes in SP2, in terms of study material, syllabus & exam structure, as...
ok thanks Mark for your prompt reply :)
Hi All, I would like to ask do the question " Explain the principles that are generally followed in setting supervisory reserves to demonstrate...
Thanks Radex :)
Hi All, Can somebody tell if there is any significant syllabus change between CA1 syllabus and CP1 syllabus?If some body have purchased CA1...
Hi All, I have two questions on expense analysis:- 1. Why Commission are excluded from expense investigation? 2. Why marketing expenses include...
Thanks Mark for the great explanation :)
Hi All, Can somebody please tell? In revalorisation (as used in Italy not France) or contribution method do we have scope to distribute profit...
Hi All, Can somebody explain if the fund is expanding then the new price (appropriation price) will be greater than/ less than or equal to the...
Hi All, Can somebody explain difference between risk neutral and real world probability? What I have understand is that risk neutral probability...
Hi All, Can somebody please explain concept of certainty equivalent in layman terms? I found different interpretations in the course notes and...
Thanks Mark for the great explanation! :)
Hi All, Can somebody please explain the point 2 of When will negative non-unit reserves be held? " The future profits arising on the policy with...
Hi All, Can somebody please explain similarities and differences between Addition to Benefit Accumulating With Profit method and Contribution...
Hi All, Can somebody please explain why is this so that in individual asset share calculations we deduct death benefits in excess of the asset...
Hi Mark Is the above question part of syllabus objective on Mortality option?
Thanks Mark! It is a great help:)
Hi All, Can somebody please tell how much relevant are detail description on conventional and north american method in the exams of 2018? I...
okay Got it! thanks Mark :)
Hi Mark Now it make sense! Thanks Mark :)
Hi Mark Still not get the logic behind taking the ratio. Can you please explain more?:( In my understanding instead of (50/75) we should have...
Hi Mark, Thanks for your reply on it! Here what I understand is solution is divided into three parts: cash flows for year 1, for year 2 and for...
ok thanks Mark :)
Hi All, Can somebody please explain calculation of present value of future profit and calculation of release of reserves of the above question. I...
Hi All, Can somebody please explain working of solution to the above question? I am finding it difficult to understand Thanks in advance
I think important proofs include: Proof of Chapman Kolmogorov equation including backward and forward differential approaches, 2- state...
Hi All, Can somebody please explain how "realistic interest rate higher than interest rate assumed in premium rates" helps in avoiding surrender...
Thanks Mark, Got it :)
Ok, thanks Mark :)
Hi All, Can somebody please explain how can an asset share be negative or decreasing at later duration or near end of policy term in a term...
Hi All, I have a query on calculating of "Present value of future shareholder profits in case of With Profits business". Core reading says that...
Ok thanks Sir :)
Thanks Sir :)
Do every question at its merit. Try to complete 40 marks of correct paper in first 1 hour. Keep target of attempting 85 to 90 marks of paper not...
Is their some questions in Ifoa or IAI past years to show how a utility function can be constructed when there is a discrete set of outcomes and...
Sir, What do we mean by "systematic" in my 1st question of Shiller's Proposition? Does it have any relationship with Specific or Systematic Risk...
Que : What is the difference between Markov Property and a Martingale? Explanation by Sir John Potter:- Markov and Martingale are not really...
What do we mean by "systematic forecast errors" in Shiller'sproposition of Excessive Volatility? Explanation by Sir John:- Whilst a share price...
Thanks a lot John for the great explanation! :) How to post now questions of different topics as different post? Can I edit my original post....
Hello Everyone I have two questions from Ch1 and Ch8. Please somebody help What do we mean by "systematic forecast errors" in Shiller's...
Ok thanks Aditya:)
Hello Everyone I have doubt in the solution to part (i) & (iii) of the above question. If we have one snake yesterday, probability of no sale is...
Tha Thanks Sir for replying. Does the maximum limit stands today as well? Is it for only Ifoa or IAI as well? I just want to know for awareness.
Dear All I have heard that a candidate can fail maximum 4 attempts in CT series exam and if he fails further then he/ she is debarred from...
Thanks Aditya:)
Dear all Suppose there is a question in which we have non cumulative data for Claim Amount and Claim Numbers and we have to estimate outstanding...
Can you show your working of regression method in detail?
Ok thanks Aditya :)
Thanks Aditya but what about Var (m)? Shouldn't it be 0.260 % rather than 0.00260%. Please verify the figures of last column of the solution. Also...
Hello Guys I feel there is some error in calculating Var (m) and Market return rate in this que. Please check and correct me if I am wrong. Thanks...
I think this is because higher fixed cost curb flexibility for the company then the variable cost. They are a fixed burden and role is similar to...
Dear All I am stuck in a MCQ Que 6 IAI May 2009 on finding the theoretical effect of public disclosure of the purchase of new equipment on stock...
Dear All Can somebody please explain whether rate of return on total assets of the company is Cost of equity or WACC? Reference Que7 IAI May 2006...
Got it! Thank you so much Sir :)
Dear All I have a query on how to find discount factor in que 16 of IAI May 2013 examinations. Here Risk discount rate is 15% and Growth rate is...
Ok thank you Sir :)
Thanks Simon Sir for your kind reply. So basically the solution need to be corrected to show the loss.
Since the price increase to be 1150 countryparty will accept the call option for the strike price and we have to pay the variation margin of...
Dear All I have a problem on how to find Variation Margin on Short Position in Call Option. I feel that in this derivative contract loss is...