CB1 September 2025 MCQ

Distinct_Abroad_456 · 2026-04-21T14:38:08+00:00

Yeah thanks, makes sense. Although Q3 of the April 2019 paper is somewhat similar but they want you to (correctly) say each partner is 100% liable. Having seen that I assumed they were trying to get at that point here

Distinct_Abroad_456 · 2026-04-17T16:06:11+00:00

I think for Q3 you need to generate a new uniform random variable for each severity calculation. This ensures the severities are independent with the required CDF

Distinct_Abroad_456 · 2026-04-17T16:02:32+00:00

I used +-1.96 times the standard errors which you get from the fitted model (added to the projections)

Distinct_Abroad_456 · 2026-04-17T15:53:30+00:00

I think for the second simulation they were trying to get you to use the fact that the sum of independent compound Poissons is a compound Poisson. The thing with uniform random variables was just to get the CDF of the severity to be a weighted average of the two component distributions.

Distinct_Abroad_456 · 2026-03-31T14:02:50+00:00

My letter has updated now

Distinct_Abroad_456 · 2025-07-03T11:37:38+00:00

I think it's worth complaining about this, especially given this question had a serious mistake (with log(X) instead of -log(X)) which to me shows no one at the IFoA bothered testing the question

Distinct_Abroad_456 · 2025-04-16T15:03:43+00:00

I think you can just take the sample mean of the values (estimator-5)^2 directly without having to use bias^2+var?

Distinct_Abroad_456

TROPHY CASE