No that's not the objective of the exam, off their website it says :
This specialist applications subject will provide newly-qualified actuaries with the ability to apply knowledge of the UK life insurance environment and the principles of the actuarial practice of life insurance to a UK life insurance company.
People with knowledge of the UK Life Insurance Environment will recognise that the decrement question/situation was bogus and anyone answering it seriously with bs should be marked down.
As I said, you request the data. It is collected. You don't start making up bs. I can't think why UK Life Insurance companies would want actuaries to sit around guessing rather than just get the data and base their views on cold facts.
Last edited by a moderator: Aug 4, 2012