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Very useful. Thank you!!
Why does the Solvency II SF include 25% correlation between longevity and lapse risk and zero correlation between mortality and lapse risk?...
As discussed, I see your point now, and I agree. If we are taking PVST as calculated under Solvency II, then policyholder transfer value is [Own...
I don't think am following but you've given me some food for thought. In the context of Solvency II, surplus assets in the WP fund above TPs are...
Goh Ze Liang, I will wait for a tutor or someone else to answer. In the meantime, can you clarify what PVTS OR PVST is? Is that present value of...
Happy you've found this helpful. Goodwill in closed book: I agree that the new business item would not be part of the consideration. There may be...
Yes. That is my understanding. The buyer would want TPs to be valued as high as possible as this would mean the buyer is taking on larger...
Thanks Ekta. This makes sense.
I am trying to understand which one is more likely to be reduced first between reducing regular bonuses and reducing terminal bonuses eg after...
Thanks!
Correction for the last sentence: "- ie lower absolute value of negative BEL -"
Hi A few things I think I should clarify from my understanding first: - The M&A price could be based on a different approach. EV and Solvency II...
Hi The exam report says "Unit linked assets and unit liabilities are unaffected" by an increase in interest rates in the base position. a - Is...
Probably also worth thinking about whether you're dealing with a risk impact question or SCR impact question. So far, the discussion has been in...
Let me attempt to answer the first part. On term assurance later duration withdrawal, I think the issue to remember is that the profit margins...
Just noted your reference to non-EEA in this. As UK is now outside the EU (and EEA) following Brexit, an Asian country is no different to a...
On further reflection, it's worth adding an additional way equivalence can affect UK group supervision to complete the picture. If the UK is...
Here's my attempt as equivalence has come up in my work in the past. In the context of UK insurance, there are several aspects where equivalence...
Thank you! That's a good point. The company will continue to pay tax on the minimum profit.
If a with-profits fund becomes XSE in run-off, can it remain XSE and not pay BLAGAB tax for the rest of the fund's existence? I ask because for...
My advice would be the generic stuff: 1. Aim to finish bookwork long in advance of exams (more than a month before). Don't select topics to study...
Thank you, Simon.
In assessing the model risk of the bank, the model solution says "50% of the assets are held at market value and are thus subject to fluctuation....
Thanks a lot, Simon. The premium assumption argument makes sense. Some follow-up questions to help complete my understanding: 1. What about if...
Correction, this should read: ... does not result in a loss of any of the initial investment and therefore should NOT be reserved for.
The question asks for calculation of regulatory capital. I understand the theory of VaR but find it tricky in use. In the question, investment...
Market power at work. More demand than supply. The institute has upper hand. Sad reality.
Hey Pooja, John here. Let's see if we get better results this time around. Let's arrange on how to proceed.
Hi Jonathan, Sitting the exam in April as well. I'm up for the offer to Skype discuss questions and topics. John
CA1 is alright but I wouldn't say it taught me how to think. It taught me how to memorise in bulk. It's a hurdle exam and I think it's pretty much...
I feel you. I just found out I failed it too and for the life of me, I can't understand what I did that made me fail it when it was my best exam...
