CP3 September 2021 Exam

How did everyone find it? I thought it was awful, as someone with no life experience or real knowledge of how much medical underwriters know about insurance, and expect to be resitting in April!

 

I agree, it felt like it was assumed we knew a lot about cross-subsidising and underwriting, which I don't particularly (and I didn't think I would need to know for CP3!)

 

Yeah, I felt like I needed someone to do a CP3 paper explaining the background information to me! And she already knew more than I did about the topic, but I’m sure I’ll get heavily penalised for jargon…

 

I felt the same and speaking to some of my colleagues i believe they felt the same too, seemed like a very tricky topic to get the right balance on!

 

Failed twice now. Out of my depth!

 

I failed twice too ...this time by 1.5 marks

 

When I wrote the exam I really thought I failed cause it was really technical. I was really surprised with the mark I got also given it was my first attempt. I am just relieved I managed to clear this one.

 

Me too! Well, 3 marks. Although one marker had given a pass but the average fell short. Are you resitting next month?

 

Yes I am

 

Can anyone help with how the graph given in the examiner's report was made for this question?

 

Hi Kanishka,
It seems to be a line chart but with settings adjusted to remove lines and have markers only. There are only 2 data points, the standard policy factor (99%) and adjusted claims with underwriting (72.2%) hence the 2 points shown. A line is then inserted on the 100% mark. Hope this is what you meant

 

Hi MJK23 & Kanishka
You could also do it with a compound graph with two data series. One is for the line graph showing a straight line at 100%. You can do this by doing a line graph with 2 points both at 100%. The other is a scatter plot showing the two points at 99% and 72.2%. I put the data in columns then removed the axes for the scatterplot

 

How did people find the latest one?

 

I cannot believe I’ve finally passed! Had no idea that it would happen as was convinced this was my worst round yet. But I seem to score much more highly than ever before, so I guess practice does count in this one

 

Congratulations MJK23!