I could kick myself for wasting 45 mins to prove monthly premium is 56, when initially I had got an answer of 55. The paper otherwise was simple. any consensus on pass marks? I should make about 58, enough?
Rumours are that this paper requires a higher mark to pass than the other CTs, because every actuary should be able to do this kind of thing. My time management for this one was OK, had a decent stab at every question which I'm happy about Thought the multiple decrement/unit linked projections/profit margin question was an awful lot of work for the marks available, especially when compared to the mortality profit one afterwards. The shorter questions beforehand weren't too bad either (except for that Kolmogorov one which I neglected to revise as I thought "hey this is just CT4 they won't ask about that" so I had to fake an answer)
Ya, this paper was a whole lot easier than most CT5 papers I have seen. I hope they dont use that fact to hung the passmark up to something as life threatening as a 70
