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Hi all The Core Reading (SA3 chapter 3 end of page 10 in CMP) mentions the "loss absorbency capacity for deferred tax" - what is it and how is it...
Hi all One of the exit strategies is selling the entire insurance company (Chapter 12 section 6). I am quite confused about this: How does this...
Hi all 1) The GLMs chapter mentions prior weights (e.g. 1 for claim numbers, exposure for claim frequency). What is the meaning of prior weights...
Hi all I have seen mention of various types of deductibles: Aggregate deductible, Ranking deductible, Non-ranking deductible, Trailing deductible...
Hi all I have some questions about the ST8 paper of September 2012: 1) Question 4 iii - how did the solutions find the SI of 2012 as £35.0m? 2)...
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Hi all In CT4-05 page 41 at the end it says that the above is not within the scope of the syllabus. From where does that apply? I.e. from where on...
Hi all, What is Type I Censoring (CT4-04 page 7)? What other types of censoring are there? Thanks
Hi all Several queries on CT6 1. In CT6-03 at the end of page 14, how does the skew tell us whether the median will be greater than or less than...
Hi all Just a couple of queries on CT3-13: 1) In the middle of p22 - how does result (*) follow from the fact that beta-hat and sigma-hat^2 are...
Hi all In CT3-12 we test H0, and if it fails at a certain level we say that H0 is rejected with (for example) 95% confidence and H1 is accepted....
Hi all Two queries about CT3-10: 1) In Example 10.7 (top of page 18), a constant is added because of the combinatorial factor. Why is this...
Hi all Several questions on CT3-12: 1) In CT3-12 page 8, where does the second formula on the page come from (i.e. the formula starting P[Z <...
Hi all I am struggling with CT3-11 page 14. In the middle of the page, in the Core Reading part (i.e. bold writing), it says: "Therefore the...
Hi all In Question 10.13 of CT3-10, what is meant by 'from 0'? Thank you
Hi all I am unclear about where the pivotal values are used in the calculations. For example, in the example in CT3-11 page 5, where is the...
Hi all In CT3-10 page 23, the penultimate line reads "= var[g] + 0 + bias^2 ..." Why is the middle term 0 ? Thanks
Hi all, Why is the first Redington condition (that the value of assets and of liabilities must be equal) necessary for immunisation? Why do we not...
Hi all Can any formula given in the Core Reading and/or ActEd notes be quoted in an exam without further justification? Thanks
Hi all, In the CT2-10 page 4, what basis is used to decide whether figures should be assigned to the credit column or the debit column? Thank you
Hi all In CT2-08 page 25, why is trade and other payables deducted from the operating profit for the purpose of the cash flow statement, rather...
Hi all, In the box in CT2-07 section 5.1 page 20 the example given for the cost concept seems to give an example of an asset being recorded as...
Hi all, Just a couple of queries about CT2-04: 1) In CT2-04 page 16 fifth paragraph the notes state, “A 25p par value share issued at a price of...
Hi all Just a few queries on chapter 6 (CT3-06): 1) Is convolution only for independent variables? (CT3-06 Section 3) 2) On pages 30-31,...
What is meant when a distribution or probability is said to be “from 0”? This phrase is used numerous times in CT3-06, namely in Question 6.1,...
Hi all Two queries about the E[] operator: 1) In CT3-04 solution 4.8, how is E[X(X-1)] calculated? 2) The notes elsewhere refer to arithmetic...
In CT3-03 page 22 example 3.11 the notes state, “Since T can take values in the range 0<T<∞, U can take values in the range 0<U<1.” Why is this...
Hi all Just a query about futures: In CT1-11 page 24 fourth paragraph the notes read, “For example, if you agree to buy a future and then the...
