So what did everyone think of this one? Thought it was strange paper... didn't know what they were looking for with some of the Qs....
Sorry to say this but I thought it was actually ok. The numbers question could be done with GCSE maths and there were a fair bit of bookwork. Ones I struggled with were the post code rating and reinsurance clauses questions.
I actually didn’t find the numbers question hard, but I thought it was ambiguous. Were we required to show the correlation matrix or calculate the capital requirement in part (b). Also what did everyone think about, question 5 –the immediate care annuities. For the last part I wasn’t sure what to write.
I didn't know what to write for the reinsurance clause question neither... just said something on the line of inflation linked etc but definitely not anything that's worth 12 marks! The numerical question wasn't difficult, but just strange that they put that in for the ST1 exam... it's not very relevant!
