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Hi everyone I seem to understand the difference that the other one is independent when there is only one decrement and the other when there are...
My thoughts are the insurer has control on the charges they levy policyholders. So if experience worsens they can review the charges upwards to...
Hi All, Looking for a study buddy for SA2 September 2023. Anyone interested kindly dm. Kind regards,
This is because commission is always expressed as a percentage of premium so the cost is known. Unlike other expenses where it's not clear cut.
I get I will be calculating the daily return now but why in the solution are they calculating it as (Share price now/share price previous...
Hi Tutors, In calculating the rebased values to 100 am calculating it as 100* (share price now/by one day before) is this approach okay. Am seeing...
Hi Tutors, In the question am failing to understand how they come to the conclusion under sense checks of lower annuity rates since greater...
Hi. Have you tried mock exam marking? I highly recommend it and the feedback from the marker is really helpful. I failed too with 5 marks below...
Hello, I am looking for a study buddy for the SA2 exam. If anyone is interested kindly inbox me. Kind regards,
Hi Tutors, I am not quite understanding the solution below; "The expected claims under the new ‘7xs3’ policy is $23.0m (undiscounted) so the...
Hi Tutors This question was really difficult for me and I failed to understand the solution. Initially, I had thought that the A to C will be in...
I did past papers from 2010 up to date including the ones I did before. The difference is for each question where I did not get the solution I...
I have finally cleared this exam. :) I am really happy I guess heavy question practice was the differentiating point from my other attempts.
Hi I am looking for a study buddy. Anyone interested kindly DM me.
Thanks for the clarification Lindsay. Indeed I am using an old version of ASET. I will look up the corrections document you mentioned.
From the solution in ASET under the heading "supply and demand", it is indicated that the yield of bonds will be affected by supply and demand....
When I wrote the exam I really thought I failed cause it was really technical. I was really surprised with the mark I got also given it was my...
I am interested very much. Let's connect.
I feel for you. It is really painful. At this point, I really don't know what to do, was 2 marks shy from the pass mark. On all papers, I got a...
Hi, Any idea on the pass mark for CP1? I failed again:(
Thanks so much Lindsay. I will keep practising these types of questions cause I realised that is where my weakness is and the pointers really help.
This last part of the question was really challenging for me. I also saw the Examiner's comments mentioned that this question worried many...
Noted. Thanks.
Thanks for the explanation. So the annuity rate being referred to here is the annuity payment X. I thought the annuity rate being referred to in...
This question was particularly challenging for me in terms of generating sufficient points and structuring them in a way that is logical and earns...
Thank you for the explanation.
Thanks so much for the explanation. I now get it.:)
In the solution, I understand that business objectives might influence the price charged to be different from the modelled price. I however do not...
I included in my solution that the reduction in expected business volumes is likely to be higher because the annuity sold by the company does not...
Thank you for the explanation I now get it.
The solution says that the amount and timing of contributions may be volatile and in addition, if the member contributes a set percentage there...
I just got my SAR for the Sept 2020 exam as I expected my downfall was paper 2. Paper 1 my mark was 65% which was okay but as for paper 2 I had an...
For me its still the same nothing is showing in the exam letter section.
Thanks Darshan for your response. I guess I will have to wait until Friday its just that it has taken longer than I expected and it is kind of...
I have not received any email to that effect. I have also checked my member account on the web and that section for breakdown of result is not...
I requested my SAR before exam results were out early November 2020 and I have not yet received it. I really do not know whats causing the delay....
Hi All! I am a bit thrown off by my CP1 mark got 48 I expected to fail because I did panic a bit in Paper 2 but did not expect such a mark. I am...
Thanks will also try this. In my answers in planning it seems am being a bit too detailed and this also takes too much of my time.
Thanks for the advice. It seems I am writing unnecessary information to score marks by including the words you mentioned. Will practice questions...
I am generally struggling with typing my answers faster and I have not completed a paper properly when practicing. I am leaving some significant...
Thank you for your response much appreciated.
Hi Ian. Thank you for your response. Let me illustrate what am asking probably by a way of an example. An individual has a monthly renewable...
I understand that if an insurer for example writes monthly renewable products, at the end of the month the UPR for that particular product will be...
Thank you for the explanation. I guess if the company is anticipating rate increases it makes sense given that the economic environment its...
I wanted to ask if it is possible that a firm which has calculated AURR as the sum of projected claims plus expenses compared to UPR net deferred...
I attempted again the SP2 exam in September 2020 and I finally passed. I am beyond excited. I really think what made a difference this time was...
I was looking at the solution in aset and my solution that I produced, some answers were the same but some were not. I made points about how both...
Thanks for the very detailed explanation it really helped me understand better the concepts. They can be a bit confusing sometimes.
a) solution says in future years, the profit from the existing business will be higher than before which will increase the profitability measure...
The point in the solution in ASET I don't quite understand it about how as this is a without profit contract, the terms offered to surrending...
Thank you. At our company there is no qualified actuary unfortunately but might ask others not at our company I know personally.
Thank you for the advice and words of encouragement. I have not tried assignment marking and online tutorials might consider doing one of them. As...
I am disappointed with my mark this time around as I was very close to the pass mark missing with only 2 marks. I was devastated when I saw my...
There is a statement in the solution that I do not quite understand. It says that the small effect of smoothing on the total asset shares should...
Hi all. I wanted to ask if there is a difference between risk based supervision vs risk based regulation, if so what are they.
Thank you all for your reponses. I was thinking along the lines of mugono that will it not cause for there to be low reserves overall and lead to...
I came across a statement in a reserve estimation report for a general insurance company saying " We have been advised that all short tail...
In chapter 19 on features of the gross premium method. It says reserves may initially be negative for non linked business partly due to initial...
Am not quite understanding why the reserves start negative. Can someone explain.
It says if an appraisal value is being prepared as a sale value then it is likely to be based on realistic assumptions without margins. A purchase...
Am not quite understanding the solution of this question. Particularly when it is said in their example that the capital now required to write...
The acronym is below; RISK A LIFE DROWN CATS Reinsurance and other counter parties Investment performance Short termism of senior mgt...
Am not quite understanding the question and solution. Can someone explain to me. It seems am getting it wrong some where.
I have been studying the question and it appears am not quite getting the solution. I though maybe risk to the company would be if buying the...
Currently am not working but when Am not in the UK but in a developing country. Currently am not working and am self funding my exams. When I was...
I really do not know which exam to pick between the two. I did both ST subjects for the two subjects. Which of the the two will give me more job...
Am not understanding the solution were it says if the claim is only 60000 reinsurer pays 50000 reinsurer pays 10000 on surplus. I thought it will...
I understand that annuity rates vary depending on bond yields but I don't understand why if they fall the guarantee will bite. Can someone...
Thanks.
Particularly the question in april 2010 qsn 2 and usually the last questions in the paper with alot of marks on offer. Idea generation is proving...
I am having a bit of a difficulty in answering valuation and risks questions can you please assist me in this area on how generally to tackle the...
