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Hi, I was wondering if IFoA is still providing fellowship, on the basis of fellowship from other institutes, like SOA/IAI/CAS. The website did...

Hi all, Hope you are keeping safe. I wanted to ask about the new PPD requirements, where we would not be able to book exams if the PPD for...

Hi all, Hope you all are doing well. I wanted some guidance on how to start and make progress in the field of data analytics. I would like to...

Hi all, I am planning on starting SP2 now for September diet. I was hoping to get some tips and guidelines from those who have already cleared...

Hi, I wanted to ask if there is any hard and fast rule about the file creation time? In my paper 1, i created the file 4 minutes before the exam...

Hi, The file name of my Paper 1 has been named as ARN_Audit Trail_Session2, and ARN_Model_Session2, for my paper 1 files. The file name asked by...

Hi, In the question 4.5 of chapter 4, the part 1 is asking for generator matrix of different states. I understood that the expected waiting time...

Hi, in Question 2.2 part 2 given in the back of chapter 2, colin is having an increasing ARA and RRA, but is written that he is having a...

Hi all, I came across this, Global Student Consultative Forum, on IFoA's website recently. Anyone having any idea what this is all about?...

Hi, I wish to make a model in R, for a life insurance policy. The dataset which I have contains age, BMI, gender and annual premium charged. Can...

Hi, I came across this scheme of the institute. The link is: https://www.actuaries.org.uk/upholding-standards/practising-certificates It is...

Hi all, I have a few doubts regarding the two fields of job. 1) Is actuarial knowledge used in investment banking field? 2) If we are working in...

I was wondering why don't my posts show the time at which I post them. What's the time zone followed for this forum?

Hi, What is a credibility factor & what is it used for? A deep insight would be really helpful! Thanks & Regards, Shyam

Hi, In chapter 4 question 4.9, can someone tell me how did we arrive at the E(Y²) of treaty 2. Why did we use M0, M1 and M2, and why did we use...

Hi, In question 4.2, the first integral has some skipped steps between the second and third steps. Can anyone please show those skipped steps?...

Hi, In chapter 3 page 6, the paragraph under heading normal distribution states that loss distribution tends to be asymmetrical. Could someone...

Hi, in question 14 of sept 2010 paper, why has ultimate mortality been used for calculating the reserve while the mortality mentioned is select??...

Hi, in the last question of sept 2013 paper, how did the solution arrive with the closing reserve? thank you for the help! regards, shyam

Hi, In question number 13 part 1, I'm using the following equation to get the premium: P- annual premium 245150*A[35]:30 + 5000*(IA)[35]:30 +...

Hi, In exam style question 7.21, part 2, why have we used ultimate mortality instead of select mortality in calculating 10p50, even though the...

Hi, Can CT4 be cleared without having knowledge of CT6? Thanks! regards, shyam

hi, in chapter 14, there is an example of yougsville and oldsville. in the standardized mortality table for this example, how did we get 35000...

Hi, can anyone exlpian the solution of q13.10 part 1, as done. kindly explain end of year cashflow and cost of increase in reserves. thanks in...

hi, in question 3.26, part 3, can anyone explain to me the EPV of other expenses? why have we taken (1- 2pHD at age 57) instead of taking (1-...

hi, in question and answer bank part 3, question 3.15, can anyone explain to me the interpolation that has been done? thanks in advance! shyam

Hi, in q&a bank part 3 Q3.8, the expression is as follows: 30000* [s31.25/ s30.75] the logic i understood was: on 1 july 2004 he turns 30.75...

Hi, in the formula of past service and future service, when do we include [(sx/ s(x-1)] to formula and when do we not? and when do we convert...

Hi, In question 11.5, can the expression be as follows: 40000* [(.75*s59 + .25*s60) / (.75*s44 + .25*s45)] If not, then could you explain the...

Hi, I have a query in Q2.29 of the question bank. In part 1 of the question, for EPV of benefits, why have we not multiplied (square root)of 1.06...

This is a question that sometimes haunts me when people ask me who's an actuary, what does he do, what kind of work? What's the best explanation...

Hi, I have a general doubt here. What is the basic idea behind reversionary annuities? What do they mean and what are they paid? Thanks for your...

Hi, I have a query in Q 9.4 of chapter 9. How did we arrive to the following formula: (integrating from s to n) (tpx)*{mu(x+t)} dt =...

I would like to point out that there is an error in the example given under the topic 'Gross Premium Prospective Reserve', chapter 7. The example...

Hi, I have a query in Q 7.8 (old mat) or Q 7.9 (as in CMP Upgrade). What are we supposed to do in the question and how has it been done? Can...

Hi, I wanted to ask that how many past year papers would it be suggested to be practiced? I have the idea that at least 10 years is a must. Any...

Hi, I have a query in Q&A Bank part 1, question 1.2, part (iv) and part (v). In part (iv), what is that expression of 'e' with a '0' or 'o'...

Hi, I have a query in Q 2.8, in chapter 2, on page 22. Can anyone explain me me the derivation that follows the expression? Thanks for your...

Hi, Can anyone explain to me what is it that we are being asked to do in Q 14.22 of the chapter, and how did we arrive to the solution? Thanks...

Hi, I have a query in the sum given in 2016-2017 CMP Upgrade, PDF Page 133. How did we arrive at the reserve at the end of year 1, as given in...

Hi, Why do we take (t-1)(ap)x in profit signature, and not t(ap)x? Why isn't the probability of the t-th period also multiplied? Thanks for...

Hi, I have a doubt in chapter 12's one example. In the example given under the topic 'Conventional Whole Life Assurance', chapter page 13, can...

Hi, In chapter 11, i have a query in question 11.22. Can anyone please explain me the part of future service liability? Why and how did we arrive...

Hi, I have a query in in the example on page 19 of chapter 9. Can anyone explain me the last part of it, the last equation, where we arrive at...

Hi, In chapter 2, topic 4 (temporary annuities) and sub topic 4.1 (present value random variable), why is X=a(n), when Kx is greater or equal to...

In the above question, why did MR of poor be p(1-1/3)? How was the solution arrived at? Thanks! Regards, Shyam

In the above mentioned question, why did balance of trade include the spending by tutors in foreign nation and the spending by foreign students in...

I have a query in this question: The fall in a firm’s SRAC with an increase in production would be due to which of the following? a. The greater...

Hi all, I am a bit unclear about the interest being used in the macroeconomics part. Are we using a single interest for all or are interest on...

Hi, I have a query in the October paper of 2015 of iai. In question 9 part iii), why is (i+i) taken there instead of taking (1+i) for finding...

Hi, In question 3A.19 part (v), why did we take -(8200+20) and then conclude it as a deficit when there was a surplus of 8200 in current account?...

Hi, In q5.14 in question Bank, the question states that the investment in the mills are done at the start of the next 5 years. So in this sense,...

Hi, I have this query in Q3.26 (ii) in question bank part 3. In the solution for the problem, we have taken January as the start of the the...

Hi, I have this general question regarding indexation of assets. Is indexation limited only to capital gain or can it be done on a capital loss as...

Hi, I have this doubt in the example given under MWRR, chapter 10 page 27. I think the point: 'a contribution of 50k paid by the company' should...

Hi, I need some help in understanding that when is the currency in demand and when is it in supply? Which situations are representing demand of a...

Hi I want some clarification on the topic "Reducing short term fluctuations" under the topic "exchange rate and balance of payments", Chapter 17,...

Hi, I am having a bit of difficulty in understanding payback period concept (chapter 10, page 17). What does it actually signify and when is it...

Hi all, I have a slight doubt over rounding off answers. Is it alright if we round off answers to 4 or 5 SF, or do we need to keep the decimals...

Hi all, I need some assistance in understanding the topic, "Valuing cashflows", in chapter 5. The point which I want to get across with is: The...

Hi guys, I need some help here in understanding that where did the 't' vanish while calculating in PV of the investment? Why did we do so? (Q7.12...

Hi guys, I need some help in the example on increasing annuities example given on page 9 of chapter 7. As we are making the payments on the...

Hi guys, I need some help in question 7.10 on page 10 of chapter 7. Why do we take 40 pounds as level annuity payment instead of using 50 pounds?...

I need some help in understanding the topic, "Valuing cashflows", in chapter 5. The area where I seek help is: The Core reading text given below...

Do I have an added advantage in actuarial profession if I have basic knowledge of Java ( Blue J) and C++? Is it an added advantage over others?...

Hi

What does "from 0" refer to, written in various parts of the Mat? Like, You may use the results from 0 Thank you Shyam

Need help in iai may 2012 paper, ques 3, part d. How to arrive at prediction intervals? Are they same as confidence intervals? Thanks for...

I need help in question 5 and 6 of iai paper. In ques. 5, how did we integrate from -∞ to ∞ ? In ques 6, why did we use lambda as 1/2 ? Hoping...

Can I find the exact confidence interval for a poisson distribution using Chi-Square method, where we take the degree of freedom as 2*x at...

In a general case, suppose if I take (alpha/2) = 2.5% and my null hypothesis is rejected in the solution done by me. While, the solution has...

I need help in question 4.15 of the question Bank. How did we get the null hypothesis? From where did the size of the test come? How did we...

Question 14 of iai paper, April 2008 , part b has solution of integrating the f(x.y) from 0 to 20, while the limit of x is from 10 to y, and the...

I ask for help in finding the confidence interval of binomial distribution. I would be very grateful for step wise help. Thanks Shyam

Can someone please explain me the interpolation part of question Bank question 2.12 part 4, how did we arrive at the standard deviation's...

How did we get the generating function of compound distribution? Step wise explanation would be of great help. Chapter 7, page 11. Thank you, Shyam

Is it really a great combination to do actuarial science with bachelor of commerce degree? (cause I'm doing so) Are there many job options with...

Can some one please explain me the steps of how did we arrive at the expected value of the the observed data in question 12.18 of chapter...

Can someone please explain to me how did we get the value of 1.96 in the confidence interval (x bar)±(standard deviation)/√n in PDF page 454. How...

Can anyone please explain me how did we get 2% as annual rate in question 12.17, PDF page 421. Also, what is the relation between the two, 6%...