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1999 past papers

S

SYSW90

Member
Hi,

I have two questions:

1. Is the April 1999 paper 1 question 6 still examinable?

2. Sept 1999 paper 2 question 3 part 4 - how is the solvency margin calculated?
I calculated 52.38 instead of 53.89. Not sure which part of the calculation I did wrong. Also is the insurance profit 5.475%? I'm not sure if the mark scheme has just rounded it down or if I have misunderstood the information.

Thanks.
 
SYSW90 said:
Hi,

I have two questions:

1. Is the April 1999 paper 1 question 6 still examinable?
Click to expand...

Don't see why not.

SYSW90 said:
2. Sept 1999 paper 2 question 3 part 4 - how is the solvency margin calculated?
I calculated 52.38 instead of 53.89. Not sure which part of the calculation I did wrong. Also is the insurance profit 5.475%? I'm not sure if the mark scheme has just rounded it down or if I have misunderstood the information.
Click to expand...

I can't quite get there either, but there are so many different assumptions you could make, particular regards to timing (eg average over the year etc).
In the actual exam, you'd get credit for any reasonable approach as long as you state your assumptions. Whichever way you do the calc, you'll still end up with the same conclusion as far as I can see!
 
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