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Hi, there is a question on reverse mortgage insurance in the IAI past papers but I am not able to find anything on it in the core reading. Could...
Hi, I have read it somewhere,for a participating deferred annuity: "Given the participating nature of the contract during deferment period, any...
IAI Sept 2016 Q1 (ii) ii) Describe the key risk factors that would affect the change in net asset value over a one year period; and how would the...
Hi, Anyone interested to connect for SA2 study for IAI November 2023?
Hi, I am working in Life insurance for the past 4 years and specialised in SP2. I am considering SA7 as my fellowship exam but I haven't studied...
Hi, anyone interested in studying together for SA2 from IAI May 2023 attempt. Please DM. Thanks!
Hi all, Could anyone please guide on which chapters to study from the SA2 core reading for appearing from IAI? If anyone interested for group...
Hi all, Is there anyone appearing for CM2 for December 2022 exam diet of IAI want to connect for group study? Please feel free to DM(Only IAI...
There is a table in this section showing the effects of changing in the value of an American put option due to increase in the given five factors....
An investor wishes to allocate her capital between a service company S and a manufacturing company M. The returns on shares in S have mean 10% and...
IFoA, April 2020 - Chi Square test Method 1 Paper A - They have used a chi-square test to validate the random numbers fall into uniform...
Hi, I have a doubt in Sep21 paper of IAI. Here, we are given a data of policies - Start date, annual premium, term, current value etc. While...
Hi, when the contribution of a DC scheme is age related what does it actually mean? Higher contribution at higher age? How it differs from flat...
Hi, I have seen two questions which seem similar to me but their solutions are quite different. Ch6 - Q6.7 talks about factors to be taken into...
In X series 1, qus 1.4 (ii) asks about the restrictions on early retirement benefits. A part of the solution is: Minimum benefit relative to the...
Hi, In Paper B of Sept 2020 IFoA there is a something I am confused about. In the solution, a goal seek is used to calculate the revised policy...
While reading Q13.2 and Q13.3 it seems like both are asking the same thing i.e. investment considerations in a pension scheme, with Q13.3 more...
X3.3 (i) The question asks about the merits of the contribution rate being flat rate or age related. But in the solution, both merits and demerits...
On page9 of this chapter, there is a question: Explain why a scheme might invest the majority of its assets in equities? Ans. Equities may provide...
Hi all, I have few doubts in IAI March 2021 paper: 1. It is mentioned that if Ms. Bee chooses to buy annuity at retirement, she will get the...
Ch-24, summary: It is mentioned that all the below types of reinsurance contracts may be on quota share or individual surplus basis. Original...
Hi tutors, Could you please confirm do we have below concepts in current SP2 curriculum or they are removed? Related to calculating the cost of...
In chapter 21, under section 5.3 'Determining a basis for retrospective value', there is a question as below: Qus. The Core Reading suggests that...
I have read this in a past papers question that surrender value can be negative in prospective method. How? Also, can it be negative in...
Qus. 1 (i) Discuss the five key factors which would influence the amount of initial capital needed by the company to write a particular policy...
IAI - Nov 2019 - Qus.6(ii) Discuss the advantages and disadvantages for the insurer in moving towards using active valuation approach instead of...
Terminal bonuses: A percentage of total attaching reversionary bonus including any special reversionary bonus. A percentage of total claim...
Qus. 1 (iii) A proprietary life insurance company writing significant volumes of with profit business had recently undertaken an analysis of...
Q.3) i) Describe the impact of decrease in the level of prudence in the reserves on the embedded value of unit-linked contract. Ans. i) For unit...
Hi all, There is a question under section 1 of this chapter (Alterations) which says, Explain whether the mortality assumption used in...
Assuming there is no foreign sector, if the multiplier is 3, and the net income tax rate is 20%, the MPC is A. 3/4 B. 4/5 C. 5/6 D. 6/7 As...
Which of the following would not result in a rightward shift of the Production Possibility curve? A. An increase in investment in Capital Stock....
In a closed economy with no government sector, the marginal propensity to save is 0.1, investment is £500 million, and autonomous consumption is...
The goods can be produced by two countries with given resources are as follows: Wine Bread A 10 20 B 4 16...
24 Country A exports Good X and imports Good Y from Country B. The price of Good X rises by 20 per cent and the price of Good Y falls by 40 per...
Country A takes 20 hrs to produce one unit of good X and 5 hrs for good Y. Country B takes 30 hrs to produce one unit of good X and 15 hrs for...
Which of the following is best suited for reducing the level of structural unemployment? A. lowering the rate of interest B. raising the rate of...
Consumer A has higher income than consumer B but they have identical preferences and pay same prices for goods. It is mentioned that marginal...
Good X has a cross price elasticity of demand with respect to Good Y which is equal to minus unity (-1). Good X is which of the following? A....
Hi All, I didn't clearly understand why there will be lighter withdrawals and lighter mortality than expected if the company changes from paying...
Hi All, In qus. 4.4, part (I) asks the risks avoided by the investor in opting for product a. So, I am assuming we need to compare it with...
Hi All, On pg3 of ch20, there are different approaches of reserving basis. 1. First is calculating premiums on prudent basis and the same basis...
Hi All, There is a question on pg4 of ch5, which discusses that the cost of cover lie between 0 and SA. I didn't understand much the wording of...
Hi everyone, Hope you are all safe and happy! I am struggling with ch18 of SP2. Could anyone please explain the example given on pg7 of this...
Page 3, Qus (a) - If the expected cost for policyholder is higher for without profit contracts than a unit-linked contract, does it mean that the...
In chapter 2, question under section 1.1 :- For a group of recently recruited actuarial students, it is given that they will have some basic level...
Hello Could anyone please provide me the list of chapters name in CM1? If anyone having the core reading, please send the index page of it where...
Hello everyone! Can you provide me a list of Excel Functions to be used in CM1B Exam? I don't have the material yet. If anyone have it or know...
Please anyone help me with this qus asap. I am having the exam tomorrow. My doubt is why the additional 1m of investment is not considered in NPV...
Any tips for CT2 (IAI) exam? Thank you!
Suppose a company take a loan to invest in a project where the project involves purchasing of a fixed asset. We need to calculate the NPV. Why we...
Is the preparation of financial statements for insurance companies also included in the syllabus of CT2?
In this qus, tax rate is not given and we need to prepare financial statements. In the solution, they haven't calculated tax expense. And hence,...
How much proportion of the share capital should the parent company hold to make a co. its subsidiary? And if the shareholding is less than 50%,...
Please anyone help me with the following MCQs. 1. The ans. is B. I am agree with it. But why not D? Right issue also results in increase in no....
A quoted company is planning to make a right issue on the basis of one new share for every seven shares currently held. The present share price is...
Grove is a quoted company that has a dividend yield of 7%. The present share price is £1.40. The directors has announced a one for ten scrip issue...
Hi everyone. Could anyone please provide me the list of Proofs required for CT4 exam from IAI? Thank you.
Hi all I am having the revision notes for 2018 exams of CT4. In booklet 2(chap-3,4) of these, I have a doubt in practice question 1. Part (iii) of...
Hi all I am having a doubt in part(i) of this question from Revision Notes. Here, we need to write down the transition matrix in part(i). I just...
In this chapter, on page 6, a note is given explaining the difference between left truncation and left censoring. I got what left censoring is,...
Hi all Chapter-7, page5 Can someone please explain why it is written that qx and tqx are the rates of mortality ? As far as I know, these are...
Hii all I am struggling with the deferred annuity part of this qus. It is not clearly mentioned whether the annuity of £10,000 pa is payable until...
Hi all Could anyone please tell me do Run-off triangles are also used in Life Insurance ? If yes, then how? and if No, then why? Any help would...
Hello everyone Just 3 days to go for CT5 exam from IAI. As the exam is usually lengthy and a lot of calculation mistakes can occur. Any tips to...
Hii all Could anyone please provide the expressions for EPV and variance of all assurance and annuities benefits @0% ? Since some of them are not...
Hi all Could anyone please help me with this question? My doubt is: Here, it is written that the person aged 45 on 1 Oct, 2003 and he has earned...
If in a qus., we are asked to calculate profit/loss separately for mortality, interest and expense. We will compare both sides of the recursive...
Hii all Please anyone tell me, Is the formula attached below correct? If yes, can we use this for increasing endowment assurance, like this :...
Hi all I have a doubt regarding two different approaches for calculating the EPV of term assurance contracts.These are : Term assurance =...
Hi all Please anyone help me to understand how can I calculate dependent probabilities of death and surrender from the independent ones ? I know...
Hi all In chapter-10, section-3 (Multiple decrement models) On page15, a comparison betweem some dependent and independent probabilities is given....
Hi all Here's a qus. in revision notes, Ifoa April 2009,qus.7 In this qus., the annuity payments are given payable in advance monthly. But in the...
Hi all Here's the screenshot of solution to qus. 1.13 of Q&A part1. I am not getting properly what they have written here. Could anyone please...
Hi all.. Are both these formulae correct ? Āx:y(last survivor) = 1-delta äx:y(last survivor) Āx:y(last survivor) = (1+i)½ [1-däx:y] where äx:y is...
Could anyone please help me with this qus.? Qus. A whole life increasing annuity-due is issued to a life aged 65. The first annual annuity...
Hi all The formula for temporary annuity due payable mthly is given in tables. But I need to confirm it for temporary annuity in arrear. Could...
Hello everyone Please help me to understand the concept of bonus in with-profits policies. At first, I got the reason of how bonuses arise under...
Hello everyone! Was just looking at the derivation of standard deviation formula. It has been derived very wisely; as the sum of all deviations...
Hi all In this qus., part(i) is saying to show that the AV of the fund at the time of retirement is £7,240. But it comes out to be £7266 in the...
In this qus., nothing is mentioned about which table to use and we need to calculate the prob. 0.5|q75 on the basis of given info- q75= 0.05 and...
Hi all I have come acrossed a question in which the benefits are payable as an annuity in arrear. But nothing is mentioned about premium part. In...
Hi all I am unable attach pics in the thread. I have attached many times previously. But now, an error is occurring saying the file size is large....
Hi all Please anyone help me with this query: I am really not getting what is mux ? Is it a probability or a rate? In ch1, page 6, it is written...
Hi all Please see the pics attached below. They have used same notation for premium for both the cases. One case is of benefits payable at the end...
Hi all In ch5, section 5 talks about restrospective accumulations. The expected AV of benefits is derived here. I got the formuale derived in sec...
Hi all Could anyone please explain why it is written here that it is not the definition of ax ? If we wish to see the expected benefit we have...
Hi tutors I need a confirmation. Please clarify this query. Ch8- page12- at the bottom of this page, it is mentioned that the following section...
Hello everyone Just need to confirm one thing in the qus. attached below. It's written here that : The dividends will be paid annually in...
Hii all Here's a qus. of flat rate. I tried this qus. differently with the logic that the initial loan amount is 15000 but we are paying the...
Hii all If it's not clear from a qus. of continuous payment stream that at what time they are asking to calculate the PV, should we always assume...
Hii all Chapter-3, Loss distributions While using method of percentiles to estimate the parameters, the core reading (referring qus 5, Sept....
Hello everyone Please explain the example attached below. I'm not really getting whats going on here. How the density of y is calculated? What's...
Hii all Chapter-9 page29 Section-3.3 A lower bound for R I didn't get where this equation has come from. Could anyone explain?
Hii all Anyone please check the qus. attached below. In my knowledge we should always dominate strategy if any before applying any creterion like-...
Hii Could anyone please provide a list of proofs required for CT1 exam? Thanks
Hii all I'm sharing two qus. here, one if of Q&A part1 , qus.1.25 and second it IAI, May 2015 qus 5. My query is: Qus1.25 - Here we have XOL...
Hii all Here, it is given that the reinsurer assumes that X has a weibull distribution where X is the gross claim amt. before reinsurer. In part...
Hii all Please anyone explain the part(ii) of the qus. attached below. It is written that the term of the stock is 15 years and the investor buy...
Please anyone explain the qus. attached below. I didn't get (ii) part. How the individual claim size dist. of U is derived? I read in the chapter...