Hi all , I am sitting for ST7 and SA3 paper this april. Solvency 2 which has been implemented since Jan 2016 has made the concepts of UPR,URR,AURR irrelevant. This is being reflected in SA3 paper. ST7 still contains these, are these still relevant for ST7 exams?
The concepts are not irrelevant! ST7 is not a UK-specific exam (strictly speaking) so the concepts are still perfectly valid. Even in the UK, they still have a lot of relevance for non-Solvency II purposes (eg pricing). And for Solvency II, URR is still very much relevant.
