Why SP7 from The Academic Junction??
- Experienced corporate faculty- All India SP7|8 topper to make you understand the application of knowledge contained in the subject.
- Classes available in all 3 modes- Zoom Live Online and Videos.
- Multiple small batches to focus on personal interaction and development.
- Regular Assignments and feedback sharing to discuss your improvement areas.
- Detailed Study plan, Chapter Wise Important Topics Detailed description- main highlights.
- Exclusive writing and discussion sessions oriented to case studies and past papers discussion.
- Regular doubt classes to help you learn technical skills and clear your conceptual knowledge.
- It’s not about only writing, it’s about what to write and how much to write so writing and discussion sessions is our USP and that too by All India Toppers.
SP7 Course Content
The aim of this General Insurance Reserving and Capital Modelling Specialist Principles subject is for students studying it to
develop the following skills:
- 1 understand the main principles and techniques of reserving and capital modelling that are relevant to general insurance.
- 2 apply these principles in practice within the context of general insurance.
- 3 understand the techniques involved in estimating best estimate reserves and setting capital requirements and how reserving and capital modelling link to wider business processes (e.g. business planning and pricing).
- 4 analyse hypothetical scenarios, including using judgement to assess the implications of possible actions and to develop appropriate proposals or recommendations relating to reserving and capital modelling in general insurance business.
Exam format:
3 hours and 15 minutes exam.
Scientific Calculator is allowed in exam. However, you can use only one of the models from the list below.
This can also be used for future exams.
1. Casio FX82 (ES/MS) (with or without any suffix)
2. Casio FX83 (ES/MS) (with or without any suffix)
3. Casio FX85 (ES/MS) (with or without any suffix)
4. Sharp EL531 (with or without any prefix or suffix)
5. Texas Instruments BA II Plus (with or without any suffix)
6. Texas Instruments TI-30 (with or without any suffix)
7. Hewlett Packard HP12c (with or without any suffix)
SP7 SYLLABUS by IFOA
1 General insurance products and general business environment (20%)
2 Risk, uncertainty and regulation (15%)
3 Reserving (30%)
4 Capital modelling (17.5%)
5 Data, investigations, reinsurance and accounting (17.5%)
