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NeedToQualify
Member
Can we discuss this now or is it possible that others are still sitting this?
I calculated loss ratio, ..What did U guys write about the last part for question 1?
For the last part I wrote stuff like need for rate-chang analysis, and further investigation into why the premium almost doubled in 2004 - did anyone else pick that up? I wasn't sure why the premium would increase, so I assumed the company is writing loss-making business.
I do think question 2 was/is entirely fair - it's certainly a lot fairer than Mack method - as mentioned above Mack wrote THREE papers and not one - I wrote about the wrong one (in truth I didn't know the relevant one). I'd say that in the course of the last 18 months I've put an easy 1000 hours of work into this exam , many hundreds of questions etc etc - to remember all of them is daft ... it's a capital ,reinsurance and experience rating question - with a nice split into the different lines so that you can write enough.