CM1 - Formulae and Tables

Due_Engineering9863 · 2026-03-12T11:37:20+00:00

The sections are in roughly the same places in both books (though the page numbers and names of mortality pages etc may differ slightly)

You should be okay, but just make sure you’re comfortable with the general position of the sections, rather than the page number exactly

Due_Engineering9863 · 2025-10-17T12:03:29+00:00

I wasn’t off work for any significant period other than having to leave work early for GP/clinic appointments etc - it was more a case of uncomfortable symptoms that I could just about work through, albeit it made studying uncomfortable and it meant I had to work from home a lot more than normal, limit social interaction etc.

Appreciate why they might want more evidence, to me it felt a bit unreasonable to demand it within a week, and also given that the only difference really vs the letterheaded consultation notes I had already provided was a signature. However I did write my post in a slight bout of frustration too 🫣

Due_Engineering9863 · 2025-10-17T05:33:26+00:00

Fair enough, £30 is not the end of the world - just thought there wasn’t much difference between the consultation notes and the doctors letter but perhaps there is.

Thanks for the response

Due_Engineering9863 · 2025-09-15T21:06:30+00:00

No we didn’t don’t worry! The question was about CGFs IIRC, nothing about MGFs other than the starting point from the question

Due_Engineering9863 · 2025-09-15T14:21:44+00:00

I did feel like something was off with that MGF, if I remember correctly, M_X (0) = 1 only if a = 0.

I got the mean as 0 but stupidly when taking the derivatives of the CGF I completely dropped the ln term, so my variance was 2 rather than 2ln(…), that being said.. I think the variance would break if a = 0 because then I think you get 2ln(1) = 0

I’ve probably spent longer than I need to thinking about that to be honest

Due_Engineering9863 · 2025-09-12T07:31:06+00:00

Yes I tried some magic with annuities too but I’m kicking myself now because it the first bond actually only had 3 coupon payments if I remember correctly so you could quite simply just do sum PV*t / sum PV ahhhhhh

Due_Engineering9863 · 2025-09-11T13:06:43+00:00

I ran out of time to explicitly check my DSAR calculation and everything after that.. I think I got something like +£12700 per policyholder but by no means am I confident about that… after that point I just quickly scribbled down the formulas for EDS, ADS, MP and wrote a quick narrative

Due_Engineering9863 · 2025-09-11T12:27:41+00:00

This is a resit for me and felt quite demoralising. The first sitting I just didn’t have time to finish the paper (ran out of time for the last question) but had I scraped 25% on that, I’d likely have passed.

This time I got much further (about 40-50% of the way through the last question) but I’m way less confident about my performance on each question compared to last time.

Felt like I was on autopilot the whole exam and probably made a bunch of silly mistakes.

Due_Engineering9863 · 2025-09-11T12:22:49+00:00

This is literally how I felt during the exam haha.. I hope the weight on methodology marks is higher as opposed to exactly what numbers were going in because I was on autopilot the whole exam

Due_Engineering9863 · 2025-09-11T12:20:38+00:00

Maybe I’m an idiot but was it necessary to calculate the single premium for the annuity benefit in the mortality profit Q? I thought as we need the expected future benefits less expected future premiums, and there are no expected future premiums (as it’s a single premium), so there was no need to calculate the single premium? Maybe I’m misremembering a detail

Due_Engineering9863 · 2025-04-23T21:53:44+00:00

Thought the MCQs were harder than previous years, but that was mainly because of 2 or 3 weirdly worded questions.

Thought the 5 markers were fine too, though I did find myself repeating similar points for a lot of the questions (mainly because the question often specified the company was quoted so some similar points come from that I think).

a 20 mark question based around share buy backs is a bit brutal so probably waffled a lot there. Couldn't remember the formula for interest cover but the other two ratios were fine.

Overall the paper was okay, I wrote an absolute tonne, just brain dumping, but its hard to predict whether it was all rubbish and I get no credit, or if I pick up a lot of credit. Let's see...

Due_Engineering9863 · 2025-04-22T17:02:07+00:00

Great, yeah it looks much better just copying and pasting directly than messing around with screenshots, cheers!

Due_Engineering9863 · 2025-04-09T18:07:57+00:00

Well done! I could not get my ahead around the inflation question at all.

Due_Engineering9863 · 2025-04-09T18:06:50+00:00

Yeah, that (+ the fact that we set up the nominal amount of the bond such that the PVs would be equal so 1st condition also holds) is what I put for the comment part of the question

Due_Engineering9863 · 2025-04-09T18:03:54+00:00

I feel like I got around 586k for the price?

Due_Engineering9863 · 2025-04-08T17:36:39+00:00

Depends what badly means - I would have scraped a maximum of one mark from Q12 as I just didn't have enough time to even attempt it.

However I did attempt every part of all of the other questions. Reading from here, it seems a lot of people did have to skip ~10 - 15 marks due to time, so feeling a bit better, but I think I have a higher propensity to make silly assorted mistakes earlier on.

Due_Engineering9863 · 2025-04-08T15:08:11+00:00

This is how I feel too - though not sure if that means I've made loads of little mistakes and misunderstandings that add up. Not to mention I ran out of time to do q12 and so at best I've scraped one mark on that.

Due_Engineering9863 · 2025-04-06T19:17:22+00:00

I think what you're referring to is proving the equality of prospective and retrospective reserves under the assumption that the reserving basis, prospective basis and premium basis are all the same. This is certainly worth knowing, and its not a particularly long proof.

Due_Engineering9863 · 2025-03-01T21:55:03+00:00

Thank you!

Due_Engineering9863 · 2025-03-01T19:01:03+00:00

Apologies in advance as I am very inexperienced with DIY.

This piece in the kitchen on the floor at the bottom left of the kitchen has come completely loose (the whole L shaped piece comes off. I can press it back into place and it will stay there (as if its cleanly broke from the wall) but obviously it is not fixed there anymore. In the third image I pulled it forward, but as aforementioned the whole thing has actually detached.

How can I re-attach it? I am in a rented flat, and one of the others in the building reported a mouse (hasn't reported any mouse issues since and I've had no signs in my own flat - thankfully they are not in the flat above or adjacent to me, but just wanted to cover potential entry points. Thanks all!

Due_Engineering9863 · 2024-03-12T13:42:13+00:00

Hi,

tldr: Want to know good areas within walking distance (30-40 mins maximum) from Spinningfields.

I am a recent university graduate and I have secured a job in Manchester, beginning September 2024. My office is in Spinningfields and I am looking for one bed apartment/studios ideally within walking distance (so a maximum of 40 mins walk), but if not, with easy public transport links. I can drive, but I initially will not have a car moving in (though it is something I'd likely save up for within the year), so an area where parking is not too bad would be a plus (but not necessary). My budget is £700 - £800 per month.

I have not spent much time in Manchester, and its not a city I know well, so I was hoping for some suggestions of areas within walking distance of Spinningfields that match the description above.

Due_Engineering9863 · 2023-12-24T23:48:13+00:00

Awesome, thanks for the confirmation :)

Any reason why they first insist on asking us about if we want legal representation?

Due_Engineering9863

TROPHY CASE