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Hi, I have one more question on the last sentence in the answer to Q7.6 (iv). It is said that "Corporate policies and more recent protection...
Hi, I do not fully understand the answer to Q2. Here the corporation tax is calculated as (BLAGAB profit + Non-BLAGAB profit) * corporation tax...
Hi, I am reading the examiner's report of the 2019 September sitting. I noticed that the examiners are looking for a welcoming language and tone....
Hi, I am doing some past exams and am struggling with time management for paper 1. I can easily go about 7-8 pages, which is impossible under...
Hi, I have a question on 2020 April paper. I am wondering why a brief summary of The Daily article is necessary? I would expect some readers of...
Hi, I have a question on the result section in the sample summary (last paragraph on page 4). The statement is: "The expected claims under the...
Hi, I have two general questions: In the exam instructions, it is asked to use double spacing. However, there is normally a limitation on pages...
Hi, I guess this is not necessarily a question about CP2 contents, but I am struggling to understand the formula under "First year's premiums":...
Hi, I am searching for past papers and I only found three on IFoA website: CP3 and CA3 Past exam papers, reports and syllabus | Institute and...
Hi, I bought the CMP end of 2021 but only started to prepare for it this year. I am wondering if there exists an online section (like Y...
Hi. In the third bullet point, it is mentioned that share prices in closed-ended funds are also more volatile than the prices of the underlying...
Hi, I have a small question on question (iii) on page 9. The question asks to list the circumstances when an institutional investor would be very...
Hi, I am reading the texts on page 15 of Chapter 9, and the following texts got me a bit confused: "Compared with freehold investment, a...
Hi, The question is on page 23 and the answer is given on page 25. I do not understand the 6th bullet point given in the answer: issuer...
Hi, I have a small question on the text on page 9 of CP1-08: Bond and money markets (Chapter 8). The text is explaining the reason for holding...
The answer given deducts 13981 calculated in cell M60 from the end of the accumulated amount of 50000. However, this 13981 is the end of year loan...
The question is on page 3 and the answer is given on page 16. In the answer to (ii), it says that since the risk-free rate is included, the...
Hi, When applying the Bornhuetter-Ferguson method, I noticed for the first year (the year with full run-off), sometimes the initial expected...
Hi, I am struggling to understand why we need to switch to real-life probability measure for Q5 (ii) and why risk-neutral probability measure is...
Hi, I am so sorry that I might be very late to discover this problem. I am hoping somebody might know the answer here. On page 32 of the...
Hi, I might be very late to ask this, but would really appreciate it if somebody could help here. In the calculation sheet given for Q3 (iii),...
The question is on page 1 and answer's given on page 3. My question is regarding the second bullet point given, where it considers the drift of...
Hi, I am reading the examination guidelines for 2021 September exam and I find it very confusing to understand whether or not copying and pasting...
Hi, I do not fully understand why the term assurance component and the deferred whole life assurance component are independent of each other....
Hi, When doing the 2nd question 11 (page 8 for question, page 54 for answer) from CM1 ASET 2016 April paper, I noticed a very large rounding...
In Q24.1 (question on page 45, answer on page 51) of the chapter end practice questions, (i) states that the dependent probabilities of decrement...
The question is on page 6 and the answers are given on page 31. I have a small question about the fourth assumption given in (ii) of the...
In the example question on page 6 of chapter 21, the subquestion (ii) says if the table shows the amounts of claims paid, tabulated by reporting...
The question is on page 25 and the answer is given on page 32-33. I do not fully understand how the share bonus and cash bonuses are calculated...
Hi, I am preparing for CM1 exam this year and I noticed that the symbols for annuity factors are extremely difficult to type out in word compared...
The question is on page 26 and the answer's given on page 33. I do not really understand the very last step/formula, why do we need to add the...
Question is on page 37 and answers are given on page 43-45 I have two questions related to (i) of this question: 1. I got a bit confused of what...
The question is on page 21 and the answer is given on page 24 and 25. My question relates to the calculation at the bottom of page 24. In the...
I do not fully understand why the state that only the male is alive is expected to have the largest reserve: The sum assured for the first death...
In the answer given, the mu_(70+t) is derived from q_70. But since mu_70 is directly available in the Tables, why cannot we directly use mu_70 for...
