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  1. Jammy
    Post

    SA3 Sept '21 Marking 3(x) - Mileage-based-pricing

    Thanks Edwin. Noted on the other points. I fail to see any rationale for awarding 1 out of 6 marks for your solution. It leads me to believe that...
    Post by: Jammy, Jan 12, 2022 in forum: SA3
  2. Jammy
    Post

    SA3 Sept '21 Marking 3(x) - Mileage-based-pricing

    Below are my thoughts: Advantages: - number of points is quite low - 2 & 3 seem more like fringe points, wouldn't make it to the most imp 10-15...
    Post by: Jammy, Jan 11, 2022 in forum: SA3
  3. Jammy
    Thread

    Study group for SA3 2022 - April & Sept

    Hello, Thought a study group on whatsapp may be most beneficial - to exchange tips & strategies. Please send a personal message with your...
    Thread by: Jammy, Jan 9, 2022, 0 replies, in forum: SA3
  4. Jammy
    Post

    Correlations

    To add on to the above thread, and I'm afraid this might be silly, could correlations be > 1? Say 2 risks are related in such a way that if 1...
    Post by: Jammy, Apr 16, 2021 in forum: SP7
  5. Jammy
    Thread

    Sept 2019 Q 4 ii)

    The solution to this question implies that: - Credit insurance will be undeveloped after 5 years Now, this may be true for an UWY cohort, as...
    Thread by: Jammy, Apr 16, 2021, 1 replies, in forum: SP7
  6. Jammy
    Post

    Question X6.6

    Thanks Ian, this gives me the required broad gauge of settlement values I need to answer exam questions
    Post by: Jammy, Apr 16, 2021 in forum: SP7
  7. Jammy
    Post

    Question X6.6

    Thanks for your response. Could I get a fair gauge of what is a large claim for motor BI in GBP terms? Should I infer anything above 150,000 GBP...
    Post by: Jammy, Apr 15, 2021 in forum: SP7
  8. Jammy
    Post

    Question X6.6

    To add to my earlier post, I would expect the below points to be important characteristics of the ri recoveries: 1. Nil claims Eg: Court...
    Post by: Jammy, Apr 14, 2021 in forum: SP7
  9. Jammy
    Thread

    Question X6.6

    Hello, Part i) Notification delays: My initial thoughts were that such delay would be high due to: 1. Claims only reported after reaching census...
    Thread by: Jammy, Apr 14, 2021, 5 replies, in forum: SP7
  10. Jammy
    Post

    ST3 Apr 2009 Q6 (ii)

    Hello RedCoat, It is indeed implying '0.5% of the SI in excess of 0.05% of the SI'. To be honest, my first interpretation of the Qn wording was...
    Post by: Jammy, Apr 12, 2021 in forum: SP7
  11. Jammy
    Post

    ST7 - April 2013, Q.5 (ii)

    Thanks for responding, Darren. The solution states that the 'Cumulative % developed' is 38.9% below dvpt period 3-4. If 2009 is 38.9% developed...
    Post by: Jammy, Apr 1, 2021 in forum: SP7
  12. Jammy
    Post

    ST7 - April 2013, Q.5 (ii)

    The above implies that the information given in the Qn (and soln) starts counting from 1. eg: 2012 is 0-1 dvpt year for UWY 2012. This helps me...
    Post by: Jammy, Mar 24, 2021 in forum: SP7
  13. Jammy
    Post

    Accident Year Reserving

    Hello RedCoat, Using the example you used: AY: If you're reserving in 2019Q2, you cannot possibly reserve for the entire 2019 AY. You may still...
    Post by: Jammy, Mar 13, 2021 in forum: SP7
  14. Jammy
    Profile Post Comment

    I have sent you a message on this

    I have sent you a message on this
    Profile Post Comment by Jammy, Feb 17, 2021
  15. Jammy
    Post

    SP7 September 2020 discussion

    Hello, The examiner report does indicate that there has been a change: "This was the second time when this exam was sat online. Due to the online...
    Post by: Jammy, Feb 12, 2021 in forum: SP7
  16. Jammy
    Profile Post

    Hello amcyp13, From your forum activity, it seems we are in the same boat - considering the FAP...

    Hello amcyp13, From your forum activity, it seems we are in the same boat - considering the FAP alternative to CP1. Could we discuss this...
    Profile Post by Jammy for amcyp13, Feb 8, 2021
  17. Jammy
    Profile Post

    Hello MP3, I'm evaluating the FAP alternative to CA1 and it seems you have taken this route...

    Hello MP3, I'm evaluating the FAP alternative to CA1 and it seems you have taken this route successfully. Could I shoot you some quick...
    Profile Post by Jammy for MP3, Feb 8, 2021
  18. Jammy
    Post

    April 2020 Q6(ii)

    Having read this comment in the examiner report/ASET as well, I will take this opportunity to point out that the workings of this layer were not...
    Post by: Jammy, Oct 2, 2020 in forum: SP7
  19. Jammy
    Post

    April 2010, q5 part (ii)

    Hi All, I have the same query as the OP here. However, it is unresolved. The dividend payment given in the question (1.06 per share) is indeed...
    Post by: Jammy, Sep 20, 2020 in forum: SP7
  20. Jammy
    Post

    SP8 - April 2020 discussion

    Hello PeteC, I would interpret it this way: 1. Tariff: Likely scored as 1/1 by both examiners. Seems to cover 2 points sufficiently well. 2....
    Post by: Jammy, Sep 11, 2020 in forum: SP8
  21. Jammy
    Thread

    Benchmarking your speed

    Hi all, There seems to be a general consensus that online papers (Eg: April '20) are lengthier than the previous hand-written ones, and also...
    Thread by: Jammy, Sep 11, 2020, 0 replies, in forum: SP7
  22. Jammy
    Post

    Liability reinsurance

    That is surprising to me. I guess that might have to do the base cover for EL being LOD in UK? Mainly because it is a mandatory cover in UK and...
    Post by: Jammy, Sep 8, 2020 in forum: SP7
  23. Jammy
    Post

    April 2012 Question 4

    Hi Maria, I'm not clear what the numbers represent in your brackets i.e. (12+11+...1). These cannot be GWP in each month, as GWP is 10 per month...
    Post by: Jammy, Sep 8, 2020 in forum: SP7
  24. Jammy
    Thread

    Liability reinsurance

    Lines of business like Employers' liability, product liability, etc are likely to be protected by non-proportional reinsurance. I want to know...
    Thread by: Jammy, Sep 8, 2020, 3 replies, in forum: SP7
  25. Jammy
    Post

    Capital modelling

    Hi all. I follow the above conversation and understand how profit over the years will be higher when holding undiscounted reserves. The last...
    Post by: Jammy, May 30, 2020 in forum: SP7
  26. Jammy
    Post

    SP7 - Covid 19 - New Mock Exam in line with the Online Exam Version?

    Hi Qayanaat, Thanks for asking about the treatment of definitions and other types of answers that may be mis-identified as plagiarism. Do let us...
    Post by: Jammy, May 30, 2020 in forum: SP7
  27. Jammy
    Profile Post

    Hey Darshan. I'm studying for SP7 Sept attempt too. How is your prep progressing?

    Hey Darshan. I'm studying for SP7 Sept attempt too. How is your prep progressing?
    Profile Post by Jammy for Dar_Shan0209, May 30, 2020
  28. Jammy
    Thread

    April 2016 - Binders

    Referring to Q4 (iii) From the Qn, I interpret that for calendar year 2014, total premium is 15m, and hence 4.5m of it (i.e. 30%) is binder...
    Thread by: Jammy, Sep 5, 2019, 1 replies, in forum: SP7
  29. Jammy
    Post

    SP7 Practice Question 27.12

    Qn reg the unlabelled items in Revenue account: Under earned premiums for 2015: (66.5) -- what does it represent? I understand that 429.9 is the...
    Post by: Jammy, Aug 5, 2019 in forum: SP7
  30. Jammy
    Thread

    Chap 20 Reinsurance pricing

    Hi, Has anyone observed any application question relating to either: 1. swing rates or 2. Loss ratio caps These are sections 6.4 & 6.5 Past...
    Thread by: Jammy, Sep 12, 2018, 0 replies, in forum: SP8
  31. Jammy
    Post

    October 2015 Q9

    There isn't any solution in the Apr'18 report which answers a calculation question with an explanation. Can you tell me about the 2015 Qn?
    Post by: Jammy, Aug 28, 2018 in forum: SP8
  32. Jammy
    Thread

    October 2015 Q9

    In part (i) of this question, we are asked to calculate. If i i only perform the calculations and produce the required table, and if it is...
    Thread by: Jammy, Aug 23, 2018, 3 replies, in forum: SP8
  33. Jammy
    Post

    Chapter 14: Section 1.4 [2011]

    Hi, What do we mean by these 'benchmarks'? Are these benchmarks for absolute losses? Or development factors? Or anything else?
    Post by: Jammy, Aug 8, 2018 in forum: SP8
  34. Jammy
    Post

    ST 3 A2006 Q4 (i)

    From what I understand about part (i), We are concluding that a 96.5% loss ratio can be expected for the 2006 underwriting year. Thus, we are...
    Post by: Jammy, Jul 3, 2018 in forum: SP8
  35. Jammy
    Thread

    Credibility theory

    Hi, I'm unable to understand a statement on pg 44 of the chapter: 'As a last resort, the complement may be based on the prior year's analysis;...
    Thread by: Jammy, Jun 16, 2018, 1 replies, in forum: SP8
  36. Jammy
    Post

    Exposure measure and rating factors

    I am aware that vehicle-years is a commonly used exposure measure for personal motor lines. However, I read in the ST8 text that an exposure...
    Post by: Jammy, Dec 24, 2017 in forum: SP8
  37. Jammy
    Post

    CA1 changing in 2019

    Thanks Helen, appreciate your comments. No doubt that the aim of the changes is not to reduce/increase the difficulty level, but surely the...
    Post by: Jammy, Oct 14, 2017 in forum: CA1
  38. Jammy
    Thread

    CA1 changing in 2019

    Hi there, What are your thoughts on the proposed changes to the CA1 exam? Does it make it easier / harder? Which aspects would see significant...
    Thread by: Jammy, Oct 6, 2017, 3 replies, in forum: CA1
  39. Jammy
    Post

    April 2012 Q9

    How is 'relatively unimportant to lenders' not enough to write off option A?
    Post by: Jammy, Sep 28, 2017 in forum: CT2
  40. Jammy
    Post

    A2007 Q9

    So why should the answer be A? D seems correct, doesn't it?
    Post by: Jammy, Sep 27, 2017 in forum: CT2
  41. Jammy
    Post

    Is it worth buying the study material?

    Any such checklists that I can access? Thanks!
    Post by: Jammy, Aug 7, 2017 in forum: CA2
  42. Jammy
    Post

    Cameron-Martin-Girsanov Theorem

    Hi Mark, thanks for replying. I was under the impression that the gamma_t in the corollary to the CMG in the core material was just meant to...
    Post by: Jammy, Mar 30, 2017 in forum: CT8
  43. Jammy
    Post

    One factor interest rate models

    I have the same doubt. Could someone clear up how we arrive at the given conclusions for properties 1 and 7?
    Post by: Jammy, Mar 30, 2017 in forum: CT8
  44. Jammy
    Post

    Cameron-Martin-Girsanov Theorem

    Hi John, Can you draw out how the corollary implies this? Thank you :)
    Post by: Jammy, Mar 17, 2017 in forum: CT8
  45. Jammy
    Thread

    Esstimating delta

    Referring to chap 13 & Q8, Apr' 2003, Subject 109 (part iv ) How do we estimate delta? One of the threads say that delta is just the amount of...
    Thread by: Jammy, Feb 26, 2017, 1 replies, in forum: CT8
  46. Jammy
    Post

    Sept 2011 Q.7 (ii)

    Hi, I still have the same doubt as madhuri, can someone please elaborate and clear this up?
    Post by: Jammy, Mar 24, 2016 in forum: CT6
  47. Jammy
    Post

    Expected return for equites (again)

    I'll take a guess... Could this have anything to do with the 2 stage model, wherein the 1st stage is a period for which growth rates are...
    Post by: Jammy, Jan 22, 2016 in forum: CA1
  48. Jammy
    Post

    IAI Ct1 Oct 2015

    Hi John, is such an error overlooked? If a student started the Q, but did not do it since he/she couldn't spot the error in the Q, he/she won't be...
    Post by: Jammy, Dec 24, 2015 in forum: CT1
  49. Jammy
    Post

    Exam results

    Does IFOA declare toppers for each subject? When and where?
    Post by: Jammy, Dec 3, 2015 in forum: General study / exams
  50. Jammy
    Post

    Part 3 - Question 3.23

    If you've accumulated till 8 yrs and then shift back 2 months, you reach 8 yrs 2 months. Since we want a period of 7 yrs 10 months, we move...
    Post by: Jammy, Nov 2, 2015 in forum: CT1
  51. Jammy
    Post

    October 2015

    Hi there, All in all I thought this was a very good paper, not very time consuming and almost all questions were similar to the ones tested in...
    Post by: Jammy, Oct 15, 2015 in forum: CT5
  52. Jammy
    Post

    share buyback

    Let X be no. Of shares bought back As stated in question, X no of shares were first bought back @ Rs.3 per share Later, a dividend of Rs.2 per...
    Post by: Jammy, Oct 5, 2015 in forum: CT2
  53. Jammy
    Thread

    Acceptable time saving technique?

    Hi, I want to know how it will impact my marks if I do this: We are to find the gross annual premium, I'd set out the functions of EPV...
    Thread by: Jammy, Sep 25, 2015, 2 replies, in forum: CT5
  54. Jammy
    Post

    QA Bank 4 - Q4.17

    This is how I interpreted it initially : Other cashflows accumulate @ 6%, Reserves accumulate @ 4%.
    Post by: Jammy, Sep 23, 2015 in forum: CT5
  55. Jammy
    Post

    QA Bank 4 - Q4.17

    What tells you so? Except that it is given in the answers of course... When it is stated reserves are "calculated" at x%, x% is the rate only...
    Post by: Jammy, Sep 23, 2015 in forum: CT5
  56. Jammy
    Thread

    Why is ISMR an approximation?

    indirectly standardised mortality rate is said to be an approximation of the directly standardised mortality rate. I understand that this is...
    Thread by: Jammy, Sep 23, 2015, 1 replies, in forum: CT5
  57. Jammy
    Post

    use of net premium reserve formulae

    Thanks John
    Post by: Jammy, Sep 22, 2015 in forum: CT5
  58. Jammy
    Thread

    QA Bank 4 - Q4.17

    the question reads "The rate of accumulation is 6%. Reserves are calculated using an interest rate of 4%." How much interest do we earn on...
    Thread by: Jammy, Sep 22, 2015, 4 replies, in forum: CT5
  59. Jammy
    Post

    use of net premium reserve formulae

    Does it matter whether it's a with it without profits policy? Which basis need to be same, if any?
    Post by: Jammy, Sep 22, 2015 in forum: CT5
  60. Jammy
    Post

    Super compunding bonuses

    Great! Couldn't find any reason why they'd differ, but the ASETs insisted that I wonder what would be the difference :p Are you giving ct5...
    Post by: Jammy, Sep 17, 2015 in forum: CT5
  61. Jammy
    Post

    Relevance of past exam papers

    Yes, the ASETs are updated with only the relevant questions For questions beyond the ASETs, check this thread :...
    Post by: Jammy, Sep 16, 2015 in forum: CT5
  62. Jammy
    Thread

    Super compunding bonuses

    Hi all, In Q10, Oct 2011, we're asked to calculate the reserve at time 5 given that bonuses (super compounding) vest at the beginning of each...
    Thread by: Jammy, Sep 16, 2015, 3 replies, in forum: CT5
  63. Jammy
    Post

    Please Solve

    Because it's from "time" 5 to 25 and not from 5th year to 25th year or otherwise. Note that 5th year denotes time 4yrs 1day to 4 years 365...
    Post by: Jammy, May 6, 2015 in forum: CT1
  64. Jammy
    Post

    IAI CT3 May 2015 question out of syllabus?

    It was given as an unknown distribution. The Q could be solved without prior knowledge of the Pareto distribution. Eg: the mean And variance...
    Post by: Jammy, May 5, 2015 in forum: CT3
  65. Jammy
    Post

    Q&A Bank 1.23

    The part I couldn't figure was the 3rd term in the formula. How is it 0? How do differentiate that exponential term?:confused:
    Post by: Jammy, Apr 30, 2015 in forum: CT3
  66. Jammy
    Post

    Q&A Bank 1.23

    Hi, could someone break down the use of Leibnitz's formula here for differentiating the integrating (pg3 Tables)
    Post by: Jammy, Apr 27, 2015 in forum: CT3
  67. Jammy
    Post

    Q10 IAI May 2009

    Perfect:D The example helped
    Post by: Jammy, Apr 25, 2015 in forum: CT3
  68. Jammy
    Thread

    Q10 IAI May 2009

    X1,X2,...,Xn is a random sample from a U(-theta,theta), theta>0 Q. Find MLE of theta A. Likelihood fn = 1/(2xtheta)^n -theta =<X1 =< Xn =<...
    Thread by: Jammy, Apr 16, 2015, 2 replies, in forum: CT3
  69. Jammy
    Post

    Degrees of freedom

    Here
    Post by: Jammy, Apr 10, 2015 in forum: CT3
  70. Jammy
    Post

    Degrees of freedom

    Why the difference in the 2 cases discussed? In the former case, dof did not change when we took average of 2 columns and made it 1 column In...
    Post by: Jammy, Apr 10, 2015 in forum: CT3
  71. Jammy
    Post

    Degrees of freedom

    In one of the questions, there 5 columns (Monday - Friday) and 4 rows (excellent, good, fair poor) Normally, dof is 4*3= 12 We're asked to...
    Post by: Jammy, Apr 9, 2015 in forum: CT3
  72. Jammy
    Post

    Degrees of freedom

    So whenever we combine rows or columns, the degrees of freedom remains as per the original table? We are essentially not putting any...
    Post by: Jammy, Apr 9, 2015 in forum: CT3
  73. Jammy
    Thread

    Conditional probabilities

    Q5, IAI Nov 2008 Q. The blood type distribution in India is: Type A: 41%; Type B: 9%; Type AB: 4%; and Type O: 46%. It is estimated during a...
    Thread by: Jammy, Apr 9, 2015, 1 replies, in forum: CT3
  74. Jammy
    Thread

    Sept 2008 Q5 - Conditional Moments

    Q - "The number of claims, X, arising on each policy in a certain portfolio depends on another random variable Y. X is considered to follow a...
    Thread by: Jammy, Apr 5, 2015, 1 replies, in forum: CT3
  75. Jammy
    Post

    IAI difficulty level

    This is Urgent! Could someone help out?
    Post by: Jammy, Apr 5, 2015 in forum: CT3
  76. Jammy
    Post

    mean and variance

    Lol, shouldn't they be specifying it is a geometric distribution if we're supposed to use the mean & variance which cannot be worked out from...
    Post by: Jammy, Apr 4, 2015 in forum: CT3
  77. Jammy
    Post

    mean and variance

    From first principles?
    Post by: Jammy, Apr 4, 2015 in forum: CT3
  78. Jammy
    Thread

    mean and variance

    P(X = k) = 1 / 2^k k=1,2,... What will be E(X) and Var(X) ?
    Thread by: Jammy, Apr 3, 2015, 5 replies, in forum: CT3
  79. Jammy
    Thread

    Degrees of freedom

    This is in reference to Q 11 of May 2009 paper of IAI We're given 3 treatments and 5 values each We're asked to combine treatments 1 & 3, and...
    Thread by: Jammy, Apr 3, 2015, 9 replies, in forum: CT3
  80. Jammy
    Thread

    IAI difficulty level

    Hi all, From what I've heard and read, in recent years, IAI has put out some nasty CT3 papers, possibly in reaction to the increase in...
    Thread by: Jammy, Apr 3, 2015, 5 replies, in forum: CT3
  81. Jammy
    Post

    Coefficient of skewness

    Hi, Could we have further clarity on this topic? If we're given data (not stated that it's a sample) and have been asked to calculate...
    Post by: Jammy, Apr 3, 2015 in forum: CT3
  82. Jammy
    Thread

    MLE - April 2008 Q11

    April 2008 Q11 In an investigation about the duration of insurance policies of a certain type, a sample of n policies is studied. All n policies...
    Thread by: Jammy, Mar 22, 2015, 3 replies, in forum: CT3
  83. Jammy
    Post

    Assuming normal distribution

    Thanks Hemant and John, that helped :)
    Post by: Jammy, Mar 20, 2015 in forum: CT3
  84. Jammy
    Thread

    QA bank vs X assignment vs Revision notes

    Hi everyone, I'm giving the IAI ct3 on May 5th. I plan to complete revision notes and approx 10 past papers. Is it okay to completely skip...
    Thread by: Jammy, Mar 20, 2015, 2 replies, in forum: CT3
  85. Jammy
    Thread

    Goodness of fit test

    Hi, can anyone explain why we square the difference between observed value and expected value ? This is how the formula looks: summation of...
    Thread by: Jammy, Mar 16, 2015, 2 replies, in forum: CT3
  86. Jammy
    Thread

    Assuming normal distribution

    Hey, I've been solving chapter 11. Could i gain a better understanding of when normal distribution is assumed for the population and when it is...
    Thread by: Jammy, Mar 9, 2015, 5 replies, in forum: CT3
  87. Jammy
    Thread

    list of formulae

    Hi there, Is an exhaustive list of all CT1 formulae put up anywhere? Forum? Website? Will be helpful for revision purposes.
    Thread by: Jammy, Nov 2, 2014, 7 replies, in forum: CT1
  88. Jammy
    Thread

    working of linear interpolation

    Hi, I'm comfortable interpolating linearly with the help of the calculator. Is it mandatory to show it's working in the sum when it is 1 of...
    Thread by: Jammy, Nov 1, 2014, 1 replies, in forum: CT1
  89. Jammy
    Post

    Real yields given constant inflation assumptions

    Thanks prashanth :D
    Post by: Jammy, Nov 1, 2014 in forum: CT1
  90. Jammy
    Thread

    Real yields given constant inflation assumptions

    Q 12.17 (chap 12) on page 31 has been solved by finding PV of annuity and accumulating @ 8% for 15 yes If I want to arrive at the answer...
    Thread by: Jammy, Oct 17, 2014, 2 replies, in forum: CT1
  91. Jammy
    Thread

    chapter 12 - income tax - example 12.4

    In this example on page 8, while deducting the tax annuity to arrive at the price given, we multiply the tax annuity by v^4/12. I understand that...
    Thread by: Jammy, Oct 17, 2014, 1 replies, in forum: CT1
  92. Jammy
    Thread

    s bar n

    Could someone explain how we arrived at the first line on page 11 of chapter 6?
    Thread by: Jammy, Oct 5, 2014, 1 replies, in forum: CT1
  93. Jammy
    Post

    Chapter 6 Q6.6

    6.6 Hi, the effective interest does come up to 0.001476 However, in the solution, they've uses 0.076961 Am I missing something?
    Post by: Jammy, Oct 3, 2014 in forum: CT1
  94. Jammy
    Post

    s bar n

    clarity of concept Could someone explain how we arrived at the first line on page 11 of chapter 6?
    Post by: Jammy, Oct 3, 2014 in forum: CT1
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