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March 2015 Paper 1 - Age grouping

J

jonathans

Member
1. to get the qx for the age group they took the average age and took the qx, Is it also correct to take the average qx by age group?

2. This test (paper 1+2) was all about life insurance, how is this a fair test? seeing as I work in non-life this test was much harder for me! (CT5 doesn't have practical questions so that was no help...).

Thanks!

Jonathan
 
Hi Jonathan

1. That would have been fine. As long as you mentioned in your audit trail that this is the approach you took (in the assumptions) that would be fine.

2. The CA2 exam could cover anything, and frequently doesn't test any particular area of actuarial work. Also, sometimes too much specific knowledge of an area can mean that you don't answer what is actually being asked but instead answer based on what you know from previous experience. So, don't feel you're at a disadvantage if this happens.

Good luck for the exam :)
Sarah
 
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