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Could you please kindly explain the difference between: Only extract the part of the large individual claims that are in excess of the threshold...
This answer I am putting down here is from Examiner's report: Under Mix assumptions How do you know that the driving history will even out over...
Can someone let me know what Captalisation horizon means? Regards Adithyan
Hi! I want to know why in Paper 1 of Nov 2015, they look for an upper bound of 5%? I don't understand the intent behind this. Can someone help?...
I dont understand why in col 2 the formula if(rand()<p,payout,0) is used. I am unable to understand what is being done there. Why should rand() be...
Isn't V1 = S1*PHI(d1)-Ke^-r(T-t)*PHI(d2)? In this qn we dont have S1 and how can we substitute value of S0 in S1? Then why in revision notes it...
Can someone help me understand the how the differentiation is done?
I have a question with respect to (iii) part of the question. I would like to know as to why we aren't interpolating for this and instead only...
The booklet states that claim volatility for insurer decreases if retention increases. Wouldn't claim volatility increase with increase in...
Could you please help me understand as to why the price of portfolio B is S0? There is an income of c at t. Price of portfolio is the present...
Hi! I am unable to understand why increase in dividends increases the value of put option. Pg13 Also with respect to the attached, I dont...
It follows by the independent increments property of Brownian motion that the log-returns, and hence the returns themselves, are independent over...
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There's a question on page 23 of chapter 2 on utilitlity theory where they want us to say if A or B is more risk averse. I didn't understand as...
It would be helpful if ActEd tutors could provide an idea on the past papers that are relevant to the current CP2 paper. Past papers from which...
Hi! I have passed CA1,CA3,ST7, and ST8 from a UK univrsity accredited by IFOA. I am now applying for exemption from IAI. When I checked IAI...
I would like to know what we would get when we subtract the last diagonal entries from ultimate when the we have Accident years cohorts and...
I remember seeing in ActEd video that assets backing global provisions are for credit, operational and market risk. And then it goes ahead to say...
Is attempting questions for 80 to 82 marks a safe enough bet for CT exam?
Are outwards Reinsurance reserve and net of reinsurance reserve different?
What is meant by inconsistencies in the treatment of gross and net claims estimates? (In page 11 of the chapter) Below is the answer for 16.3...
I want to know the logic behind this equation EARNED PREM = WRITTEN PREM - (CARRIED FORWARD UPR - BROUGHT FORWARD UPR)
I have the following questions pertaining to F-S approach: We don't take in to account the IBNR claim amounts in the severities (These are...
This paragraph is from the page 12 of the chapter. PDF page number : 960 Firstly the model can report on each individual risk and subsets of...
I had been through chapter 21 (Capital modelling and allowance for diversification) in ST7. I have put the page no. and the paragraph from the...
We can use the following simple approaches to derive a reserve distribution net of reinsurance under non-proportional covers: • Derive a gross...
Developing individual losses and applying the reinsurance programmes to them We develop each individual loss to ultimate settled value. We run...
Hi, This is related to page 18 of the chapter 26 in ST7. I would like to know how the following ratios have been calculated in the page. It...
Why is reinsurance commission only provided in proportional reinsurance? Solution 20.1 Commission will only apply if commission is payable to the...
Redesign rating tariffs – we estimate and recalculate premium rates on behalf of markets where the regulator decides the rates for certain...
Hi, [ATTACH] I want to know if the denominator in right hand side of the 2nd equation gives the premium at time to in terms of premium rate time...
The resultant insurance capital (based on undiscounted reserves) could therefore be too high and the free capital too low. When the excess...
Could you please explain the following for me? In some cases, the data being projected may develop with a negative tail. In these situations, we...
Dear Sir/Ma'am, I don't get a hang of the answer for Q8 in ST7 (April 2017). I am unable to understand the distinction between (Have picked these...
Hi, I am quite confused about this topic. I want to know if URR is a notional reserve or is it actually a reserve that is held in real for...
I want to know as to what would happen if non-proportional reinsurance is written on underwriting year basis. Also are all reinsurance for...
Hi, I want to know the difference between stop-loss reinsurance and aggregate XL
I am unable to understand the solution given for 14.30. I feel they have missed certain steps due to which I dont understand it.
1. I didn't understand this in page no. 68 of triangulation methods Whichever method is used there must be consistency between: • the assumption...
I want to know why claim numbers would develop faster than claim amount?
The success of the strategy is monitored by means of regular valuations. The valuation results will be compared with the projections from the...
I don't understand the meaning of bold words here: There may be difficulties here both with defining the markets involved and then obtaining...
I understand what interaction is. But I dont get what correlation is in GLM. Can someone clarify this for me. Thanks
I dont understand the meaning of mach assumptions. Would be helpful if you could help me understand using an example or put the same thing in more...
In pg 7 of valuation of individual investments: The counter argument is that using another valuation method in an attempt to identify the...
Hi! Kindly help me with these questions as they hinder my understanding. Thanks in advance for your time and efforts. What is the difference...
This is in Pg 9 of Acted notes (Economic influences on investment markets) As well as affecting particular maturities, the choice of which bonds...
I want to understand why we keep generating values from U(0,1) distribution to obtain values of y until we obtain Y m. We don't use these random...
September 2007, Q9 In a game of tennis, when the score is at “Deuce” the player winning the next point holds “Advantage”. If a player holding...
