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Hi, Is the CMP in Acted website updated with ‘CMP Upgrade 2023/24’ if I order now ? Thanks. Josh.
Hi, may I know is there a specific date on new CMP version being released for purchase for April 24 intake ? Thank you.
Hi all, I am having trouble in understanding the Section 5.2 surrender profits It says, If these surrender value assumptions exactly represent...
Hi, In Sept 2011, Q4 part iii, Can you please explain how increasing the level of prudence will impact EV of With Profit contracts in 2 parts i.e...
Dear All, SP 2 exam was over and all the best to those who took it. I am wondering whether there are any advices on the next plan. I am not...
What is the difference between Gross Premium Valuation vs Net Premium Valuation? Can you explain me along with example ?? What is the meaning of...
Hi I have some questions regarding the calculation process of the unit price stated in chapter 13 Unit Pricing (SP2 CMP 2021 p8 Ch13). Let's take...
Hi Does anyone have a list of useful acronyms for SP2 and SA2? Thanks Waleed
On the mark scheme of this question (IFOA one) it says under the Risk Characteristics header, "However, Design B is exposed to lower surrenders...
Hi, I understand that having the mortality higher by 5 years in method 2 raises the cost of the option. I'm confused why the other assumption is...
Q:1= Dilemma of Discount rate v/s Risk Discount rate (A) What is the difference between 'discount rate' and 'risk discount rate'? Which one will...
Chapter1: Q:1 - Can you tell me the meaning or explanation with the help of an example of this line: "The slower the increase in reserves over the...
Hi In the revision books, the answer for this question says that it is assumed that the non-unit reserves do not increase with interest. Firstly,...
Hello Tutor :) Q.1 = Can you explain me this line: It is important for the movements data to be independent of (i.e. separately generated from)...
Just one ques from Ch23, rest from 25 Ques-1. In Chapter 23 -> There are North American and Conventional methods? Has it been deleted from the...
Hi Tutor, here are some of my queries: italics is core reading lines 1. Financial reinsurance is a contingent loan from reinsurer to insurer...
Hi Tutor, I have mentioned all my doubts from chapter 23. Please help me with them: 1. What do we mean by Open Market Cash option? Can you please...
Hi Tutor, In chapter 22 Under proportionate paid up section, am not able to understand this paragraph on page 9 Early premiums buy a larger...
Hello, I had a bunch of questions while going through the Core Reading. Can someone please help? Listing the questions below. The text in italics...
Hi, I wrote SP2 in April 2021 diet. This was my third try for this exam. However, I scored even less marks than before. I am really confused and...
I have sat SP2 already and am wondering whether to sit SP1 or SP5 next sitting. I've heard there is some crossover between SP1 and SP2, but is...
Hi Everyone, Flunked my second SP2 attempt with 52 Marks. Can you post your marks here for those who have passed. Really disappointed with the...
Hi I am from a pensions background and have recently joined a life insurer and am thinking about sitting SP2 with SA2 for my next exam sitting. I...
Q7iii of September 2009 discusses how the assumptions under embedded value compare to those used to calculate any supervisory reserves. For tax...
I've read in a past paper solution that the embedded value equals the "present value of shareholder transfers. e.g. as generated by bonus...
Hi Guys, Just a general question. This may or may not have been asked in the forum before, but I am really confused and would like some advice...
Hi, This question asks: 'Suggest possible reasons why the payout from a with profits policy might be different from the policy’s asset share.' In...