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Divide the number of policies or total sum assured by the business in force at their respective year end - when rounded to the nearest whole...

I did CS2 in April 2019 and passed it in that session. For me, I found that going through the PBOR and extracting the general form of the...

The inequality should be t(n)<= t <= end of investigation. From my Prof's notes, it seems that he adds one last category for both KM and NA...

I was wondering if, hopefully, the feedback suggests that they would allow us to scan in handwritten answers for parts of the paper (and pasted...

IFoA actually replied quite quickly to my query about if I could switch from CM2 to CB1... too bad that couldn't be done. Like they say, the rich...

There's a possibility that the exam could carry on through the online platform for what are normally paper-based exams, but you are permitted to...

1. Coding is indeed done from scratch; that is, in the exam you submit the code you entered (given any pre-exam material) along with any outputs...

I thought you can submit the IFoA application after you sit your exam (in my case, CT1) and you put your result as "pending"? I'm assuming that...

Please, I hope 2020 will be more fruitful for me. Signed up for what would be my 4th sitting at CT8/CM2. Apr 2019's attempt was actually better...

VBA is not allowed to be used in the exams since your upload(s) should be Word doc or Excel (.xlsx) files only and I think the exam instructions...

Wait, I thought under such circumstances, you were supposed to complete the exam as normal and not edit the file past the 1h45min that is your...

You don't. Integration of CDF is for the continuous case only. To find first order stochastic dominance in the discrete case, you are finding...

Pray hard that, if they test this part of CM2, it comes out in paper B and the first part, perhaps, is to simply build in the formula. But if you...

According to their website, incredibly most exemption agreements with other Actuarial societies are still pending and further details "will be...

Well you could try sitting the exam (it's probably too late to really go for Series X marking for instance), hopefully you pass, but failing which...

Yeah if you didn't send in your application by 13 May (which is well before results are released), then there's a chance you will only become a...

It helps, but when I got approved with the CT1 result pending, I did also have a Grade 6 for my Math HL in the International Baccalaureate. (Don't...

Well, to be fair, since they may only be monitoring by the amount of time you took (I can't say for sure), they need to make the time constraint...

5 stat analysis for each tranche of no. of classes missed. You can find min, mean, median, skewness, kurtosis, max and percentiles of your choice...

Is it just me, or is it that for the online papers such as CM2B and CS2B, that once you go on the wrong step for part 1 then (at least in some...

I was able to download my results letter at 11am Singapore time (around 10 hours after the release of results).

Minimum of 1 mark for paper B and ~40% for paper A (the latter is only because otherwise, you can't possibly hit the overall pass mark). It's 70%...

For the IFoA, I believe you simply need to get at least 1 mark in paper B, as long as you get the 65% or whatever the pass mark is overall. (It's...

Simply put, it measures the change of the process over a period of time. If they are independent i.e. the change in process does not depend on...

While I work out the answer, a few things come into mind: - Keep in mind that inflows to the policy must equal outflows from the policy at the 6%...

I don't know if ActEd offers this service, but if you would like I can tell which questions you should practice from the past CT6 (and NTU's...

Despite what is implied by IFoA in the transition, CT6 is actually split across CS1, CS2 and CM2. Also taking CS1 and CS2 together is more...

Because the "Sex x smoking" covariate is in addition to the sex covariate and the smoking covariate, so for a 50 year smoking female, the value of...

This goes back to the CT3 (and CS1) principles. If there is no bias in the signs then you expect 50% of them to be positive. What the p-value...

Right censoring - Data are right-censored if the censoring mechanism cuts short observation that are in progress. (most common) Random censoring -...

I assume you mean CT8's Sept 2005 Q1b. Using the yellow book formula for Uniform distribution (the denominator there is 12), and also the fact...

In terms of the spacing of the exams, 4 exam sittings sounds good, but only if you intend to sit the same papers within each pair of sittings....

This was covered in my Actuarial Econs notes. rivals produce fixed quantity: Cournot model • firms chose best output for remainder of the market...

F₀ is the filtration of the risk-neutral process i.e. information set generated by history of stock price movements up to and including time zero...

In terms of new content: They've added booststrapping and of course all that R code to CS1. They've added Machine Learning, Copulas, Extreme Value...

I remember this Q&A from one of my modules in NTU: (The question) A characteristic of a PPE is that it is tangible. However, are there...

No it counts the writing time only. Reading time isn't included in the exam length. Went from 3h writing + 15min reading to 3h15min writing + 0min...

Ok, the only R material I have used are NTU's Actuarial Computing notes (~25 pages for R) and ActEd's CS2 PBOR. I found the Actuarial Computing...

https://www.actuaries.org.uk/studying/prepare-your-exams/past-exam-papers-and-examiners-reports However, no matter if the questions come out...

That's probably the IFoA's definition of "nobody will be disadvantaged", remember? Doesn't matter how much logic that definition actually carries,...

Heck, many who did take their exams in the standard order have, say, CT6 without CT4 (or vice versa) and get to do the whole CS2 including the R...

Yeah, Infinity and some others have a different perspective on that. What you said is true, but only if you count the A and B papers as one exam....

That's why I behave as if the 10 minute period doesn't exist, which adds even more to the time pressure. Bonus points if the file took more than a...

They didn't define "planning". Maybe you writing the skeleton of an argument for each question counts as "planning" to them and the other 50% is...

HAHAHA that's because even though the default font is usually Calibri or Times New Roman, there's inevitably someone out there who persists in...

And 1002 reasons why they shouldn't. I dreamt that come 2021, the IFoA somehow reverted back to the 2018 exam structure (with that new CT6...

How about if I didn't do the part questions in order, and forgot to put each question on separate pages? For some reason I only noticed that...

And if you did... that would be very foolish because it would be an act of misconduct, right? Even if someone had the balls to do so, the...

Depends on whether you have a marking voucher if I'm not mistaken. If you don't, then upon missing the final submission date the solutions should...

No, I'm saying that this is how ActEd determined the answer to the original question by zimact92. I believe the pass mark for each paper seems to...

The specimen on IFoA website can help give you an insight to what to expect in CM2B. Hard for me to say if that would suffice, it also depends on...

Hi, this looks like a CB1/CT2 question, because question 20 in CB2/CT7 will always be MCQ, in which case you simply lose all 1.5 marks you could...

Just for fun, before they auto-moderate all posts on this forum due to the exams themselves: I was wondering if you didn't mind taking both SA1...

Oh wow, then the implications of this are broader than you think. Since the online component of CS and CM papers is in U.K. time (or is it GMT? It...

This particular split doesn't bother me too much as I'm doing NTU's CT6 and IFoA's CM2 and CS2 all this April. IFoA did state that there will be...

My guess is that point form should be acceptable, and if possible I go for that as it's easier for the marker to distinguish each of your points...

[IMG]

Could you please explain what you mean by a scaled pass mark? Is it that the pass mark can vary from 55 to 65 (though it's often 60) for a CT...

Be careful of careless mistakes. Yes, I also made one in this thread. The general methodology is correct, but this specific step is what's...

Thanks for pointing that out, didn't realise doing the steps in that order was effectively making the pure endowment component "continuously...

These kind of proofs have been previously asked. Luckily the new syllabus means that if you can get, say, 50% on CT8, you could probably still...

Oh those two? They appear in scanty amounts within ST9 past papers. My Profs expect questions asking for the more gnarly aspects of these formulae...

I got the email for CS2B on 22 March and the one for CM2B just yesterday, which looks like this and leads to a screen looking like this upon...

I found it here since last December. Although you actually need to read through the FAQs yourself to see that the exams are to be the same length...

Haha, on the exam permit it does say that we get 3h 15min to complete our papers, no additional "reading time"... on the front page. Strangely, on...

[IMG] The method above is the one I was taught by my Prof to solve this kind of question in general. However, your method that involves bringing...

Ok, so I have just received this email, which links to these documents (CM papers; CS papers) that I have seen for the first time.

The data analyzed belongs to some company as they wish to find seasonal trends, stochastic trends and etc. so that they can make accurate...

Because, exams aside, I just used R to run some company-specific time series and learned how useful it is to get results, in addition to the fact...

For any given state, there are only two possible transitions: up with probability p, and down with probability (1-p). This can be seen as a...

1) Central exposed to risk is used in the Binomial model. This means that each person contributes from the time of joining (whether at the...

Bonuses already declared are included in net premium reserves because they can't be retracted. But future bonuses need not be included because the...

Because it was deducted to arrive at net income, but it's a non-cash item. Specifically, investing and financing transactions that don't require...

[IMG]

When I learned this in NTU, I didn't learn the notation that way. The general idea is that, for each possible state, you must know the probability...

These are the covariance formulae used in NTU's CT6 and CT4, respectively.[IMG]

No such email was received as of now.

I would like to ask, in more general terms, if this means that if you are re-sitting a paper (and therefore using old course notes) then the model...

This is found in CT3 and presumably CS1. Confidence intervals looks at the middle 95% of values. That is, given the distribution of a random...

That's because the question specifically asks for the effects of decreasing wealth. Colin having an increasing ARA and RRA is true when wealth is...

Yeah you'd better memorize what those terms mean and/or at least be able to derive this expression; sometimes the Yellow Book isn't as helpful as...

I know some of my classmates in NTU will actually use the whiteboards (which cover most of the wall space in certain seminar rooms) to work out...

Not sure why they labelled it as "b" but it's been tested in CT3 and will probably also come out in CS1A.

I don't have ActEd's CM1 notes, but based on NTU's CT4 and CT5 notes, since there are no transitions back into the healthy state, it means that...

If you mean Run-off triangles from CT6, that one is actually in CM2 along with Ruin Theory. (Which unfortunately, in your case, still doesn't make...

Do you think the UK exams are more valued than the local ones in your country? (There aren't local ones in Singapore) Are you better off studying...

It means if passed exam, then E is 1. If failed, not passed etc. then E is 0. All references to the passing and failing of the exam in the...

Because first and second order dominance means that the CDF (for first order) or its integral (for second order) of one function is always equal...

Assuming parts iii and iv, please see my annotation. [ATTACH]

Oh that reminds me of a time when someone sitting the CT4 exam had to go around the university looking for someone with an approved calculator...

Since I passed CT3, I would not be seeing the CS1 material. However, when I bought the CS2 material, there is a PDF that explains everything you...

I believe that (at least based on past markschemes from IFoA) should there be this sort of ambiguity within the question, then your alternative...

Maybe being the guinea pig that (with a CT4 pass from last sitting) is taking both IFoA's CS2 and NTU's CT6, and to prove that they are equally...

Nanyang Technological University, where I can get exemptions. Arguably like Infinity said, if it's mapping multiple modules to one paper, it can...

Strictly speaking, the censoring is not only at the end, and can exist elsewhere. "...the period of study ended, at which point those insects...

Product-limit estimate is another way of saying the more familiar Kaplan-Meier estimate. The tricky part is that it's not explicitly mentioned...

When I was doing the CT3 exam, I also wondered the same thing. Unfortunately it means that it needs to be memorized or otherwise derived, just...

That particular topic is the last one in CT1, and based on the past year questions it's almost always lognormal (either with mean and standard...

Because the investor is risk-averse in this instance. So they will pay up to cx to avoid the gamble. But if the investor is risk-loving then cx...