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That's great, thanks for clarifying Lindsay! Hope you have a lovely day :D
Hi there, Hope you are well. Why has the April and September solutions been excluded for 2018? Is there a lot of material in here that has...
Thanks so much Steve, really appreciate it!
Got it, thanks Steve! Related question. We reduce the share value by the dividend rate at time 6 months by the dividend as the dividend is paid...
Hi there, In this question we are asked to calculate the implied volatility using the value calculated in part (ii). There's a nice trick to do...
Hi Steve, Sorry to dig up an old post. I attempted (iii) of this equation and this was the formula that I came up with: 10000(1.10)^3 = 8000(1...
Hi there, If we are asked to create a binomial tree, can we use a flowchat in word or what is the best way to draw this in word? Many thanks,...
Hi, I think this is what is happening. B(t) ~ N(0, 1t) B(5) ~ N(0, 5) => A(t) ~ logN(0, 1t) E(A(t)) = exp(mu + 1/2 sigma^2 * t) E(A(t)) =...
Hi, I'm looking at the ASET for April 2019 Q2 (iii). I'm trying to understand how the movements for Death claims and Maturities are calculated....
Brilliant, thanks so much Mark!
Hey, Would there be a list of reinsurance types that can be used for certain products / certain scenarios? e.g. A company with low free asset -...
Hi all, Does anyone have a general time breakdown management that they use for the exam? I failed the exam last sitting and I think a major...
Thanks Mark, makes more sense! Aaron
Hi, I'm looking at the way the per policy asset share is calculated for cohort A. In particular I can't wrap my head around the calculation for...
Perfect, thanks Anna!
Hi all, Would anyone know of a big list of excel formula which come in handy for questions on the online exam? Would come in very useful to...
This is a fund which insurance companies/schemes contribute to in order for there to be a fund established to pay for a failed scheme or insurance...
Hey, I thought the first couple of questions were fine, with q10 and 12 probably being my worse answered. Found I spent way too much time on the...
For the ROCE question I went with the 12.5% pretty sure. I thought the paper in general was fairly nice. Got stumped by the depreciation in the...
What were your thoughts on the paper?
That makes sense, thanks so much for clearing that up, knew there was something I was missing! Aaron
So they sell 500k at £1 to those from the tender and then release the remaining shares at the same price (to general public)?
Thanks Tess, I still don't understand, if the tender is an offer for 500k shares at £1, surely the amount that is sold is 500k not 1 mill?
Hey, For MCQ 6 I cant seem to work out where they're getting 1 mill? [ATTACH] Clarification here is appreciated! Aaron
I would normally jot down points that come to mind and underline important parts to question while reading. This could range from an acronym for...
Hi, I was looking at question 4 from April 2011 and can't seem to get my head around the transition probabilities. For example. p1,1 = 0.7 Is...
Thanks for this, But it seems I have made a mistake, Rephrased: We are looking for L87.75 x=87.75 y=L87.75 x1=87 y1=L87 x2=88...
Hi, I wanted to check if linear interpolation can be used for udd in all cases for e.g. September 2017 Q3 (L87.5)/(L85.5) where L87.5 = L87...