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Hi I'm struggling to understand the relationship between interest rates and annuity rates. In the online classroom, a question on why new...
I am revising the flashcards and I can't quite put my head around the following if bond yields fall, causing annuity rates to reduce, then this...
As part of a reasonable check to make sure that the calculations for the accumulated savings make sense under the fixed rate option the following...
Hi all I was about to book for the CP2 exam but then one of the requirements for the exam is that I should have completed PSC stage 2 within 6...
I was wondering if I should continue with exams. I have already completed all the written CTs and would like to get advice if it is wise to write...
Why is wrong to use the second formula for non annual annuities in the orange book (tables and formula) page 36 to solve this question
Can someone confirm if Death Strain at Risk for a pure endowment is only equal to the year end reserve?
Hi guys, for some reason I can't wrap my head around this solution. Any help would be appreciated What is the reasoning behind calculating ¯a...
How did they find the bonus value of 20 721[ATTACH]
as the title
Most of the questions on the forum have been answered by students. Where are the official tutors? This is a crucial time as we only have this...
why are we subtracting N bar 62?[ATTACH]
I'm having trouble with the following question. Two lives aged x and y take out a policy that will pay out £15 000 on death of (x) provided that...
Can someone explain how we get the following relationship. [ATTACH]
Is there a list with the proofs that might be examinable for the the CT5 exam?
Are the following results true In a real world we have: \(ln\frac{S_t}{S_s} \sim N( \mu(t-s), \sigma^2(t-s))\) In a real neutral world :...
Can you kindly explain how the population on 1 Jan 2014 was derived. I thought you would use linear interpolation but I get the wrong answer using...
I know how to derive the formula but I have no idea what it means or how it is useful for this course. Q&A doesn't seem to test it as well. Can...
[ATTACH] What is the purpose of Z_t (tilde)? Shouldn't it be Z_t (bar)
Does an IID sequence imply that it statisfies the Markov property?
Why is the VaR at 10% equal to 5? Shouldn't it be equal to 4 apples
In the exam should my solution include the table of workings?
For a goodness of fitness test can I use the following Null Hypothesis used in the summary notes: H0: The graduated rates are representative of...
Why does the sketch of the integrated hazard have closed intervals[ATTACH]
From the course notes tail var is defined as \(\mathbb{E}[max(Var - X,0)]\) From the calculations they seem to use \(\mathbb{E}[max(-Var -...
I thought we could calculate the solution using the following path \( F \to F \to F \to F \to P \) and \( F \to F \to F \to P \to P \). With...
How do you derive the following distribution \[ ln S_u - ln S_t \sim N\big( \mu (u-t), \sigma^2(u-t)\big) \]
Why does Pele get an initial exposed to risk of 365 days when the central exposed for risk at age 34 was 48 days? Alternative solution is 48 +...
I cannot calculate delta. Do we equate delta to phi d1. plugginging in the data in the equation for d1 for call options (Garman-Kohlagen formula)...
How do you interpolate Black-Scholes? Solution doesnt show how you do it
How do you get the average duration of each visit Solution implies that it's equal to the total number of transitions out of a state i divided...
Hi, Can anyone please brief me how to adjust the definition of census data (Px,t to P'x,t) when it is different from the definition of death...
Greetings fellow students Does anyone know the complete list of proofs we have to know in the exam and formula not in the tables
Is it realistically possible to write all 3 tough exams Ct4,5 and 8 at the same time
Has the syllabus changed since 2008?
I do not understand model 5.3 Simple Random Walk $$P[X_n=j|X_1=i_1,...,X_{m-1}=i_{m-1},X_m=i_m]$$...
Taking on CT4 and CT5 vs CT4,CT8. which combination is better
Question 1.6 part (ii) Q&A bank Part 1. I'm struggling to understand how they got the risk functions
How do you find the CDF of a double exponential distribution, I'm having problems with removing the absolute x
