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In the section of chapter 14 that attempts to explain theories for the term structure of interest rates, one theory given is that of liquidity...
Just started reading chapter 4 of the CB2 textbook, which discusses marginal utility theory. It seems that utility theory assumes that consumers...
The UK life insurer I work at doesn't implement any short rate models within any processes (that I am aware of). For calculating the interest...
Thanks for the in-depth response, that really helped my understanding of this.
In CS2, chapter 13, at the bottom of page 31 there is an example that requires you to calculate the roots of the characteristic equation of the...
Where liquidity risk is referred to, it appears to have two similar meanings: the risk that an investor will be unable to buy/sell a security at...
With regards to questions that require a written answer, I'm struggling to understand the scope of the points that an examiner is looking for....
I'm currently looking at page 20 of chapter 6 of the SP6 ActEd notes. They have defined the processes $$ E_t := B_t^{-1} V_t \\ D_t := B_t^{-1}...
Since graduating in 2018 I have worked for a UK life insurer. Recently, however, I have had several recruiters asking me whether I'd be interested...
In question 6 of the chapter 4 summary questions for CS2, the following scenario is given: In a particular company the salary scale has only two...
Update: I contacted the institute and they messed up (what a surprise). There was indeed supposed to be a second email.
When I sat the CM1B exam, I received a 'joining instructions' email and as well as a 'contingency plan' email. This time, for CS1B, I have...
Adobe editions is possibly the worst iOS app I have ever used (and this view is reflected in all of the reviews left on the App Store). Is there...
If I'm not mistaken, the CM1B exam is 'open book'. What exactly does this extend to, and where can I find the relevant instructions for this exam?
Awesome, cheers for that. I believe I did have a voucher, and also opted not to get the solutions in advance, but have not received an email. I...
I've only just done the CM1A mock exam paper (well past the final submission date) and was wondering where I would find the solutions so that I...
Are you saying that if X and Y are mutually exclusive events then E[ 2abXY ] = 0
Clearly, it is not true that E[ ( aX + bY )^2 ] = E[ (aX)^2 + (bY)^2 ] where X and Y are independent random variables and a and b are constants....
I am currently reading over a job description which, under duties, says that I would be required to assist in the calculation of IFRS reserves....
Many thanks for the advice, I'll be sure to keep it in mind.
Excitingly, I have an interview coming up for a position as an actuarial trainee. However, this will be the first interview that I have ever...
Thank you for all of your help, I feel I've gained a lot of understanding of these qualifications through the help received on this forum....
I meant the qualification offered by the CII (http://www.cii.co.uk/qualifications/advanced-diploma-in-insurance-qualification/). However, now that...
Sorry, I meant to write 'qualified actuary' (don't know how I missed that one :confused:)! I am in the UK, currently studying mathematics at the...
Hi, thank you all for your responses. With regards to the CII being a separate body to the IFoA, I had no idea that this was the case and assumed...
I am currently looking exclusively at actuarial (graduate) opportunities which offer to put me through the CII qualification. However, I was...
Indeed. A quick look on glass door shows a host of scathing reviews (and an average score of 2.5/5), most stating that their employees are treated...
That's interesting to know, and perhaps I was misinformed. However, speaking to recent graduates who have gone into less technical careers and...
Thank you for your response. It is the ACII qualification (by the IFoA) that is offered by most of the jobs that I have been looking at.
I am currently in my last year of university and am looking to find a career as an actuary. On average, starting salaries for actuarial graduate...