₹14,000.00
| Features | EVP | SSP |
|---|---|---|
| Exclusive Video Lectures | ✓ | ✓ |
| Chapter Wise Summary Lists | ✓ | ✓ |
| Assignment/Tests/Mocks | ✓ | ✓ |
| Placement Assistance | ✓ | ✓ |
| Live Classes (Online/Offline) | ✕ | ✕ |
| Weekly Targets | ✓ | ✕ |
| Video Tracking | ✓ | ✕ |
| Marking on Test & Mocks | ✓ | ✕ |
| Q&A Portal | ✓ | ✕ |
| Validity | 1 Year | Limited |
| Area | Description |
|---|---|
| Introduction | There are 3 General Insurance modules: Reserving and Capital Modelling Specialist Principles (SP7), Pricing Specialist Principles (SP8) and Specialist Advanced (SA3), and these comprise key assessments for candidates working in the field of general insurance. |
| New Curriculum | The new curriculum builds upon material covered in the predecessor modules, with enhancements including covering changes applicable to the general insurance environment, the legislative and regulatory environment, the products sold, risks and risk management, pricing (SP8), and reserving and capital modelling (SP7). |
| Link to SA3 | Key developments for SA3 include capturing a broad spectrum of examples of how general insurance business is conducted in different territories, in particular considering differences in regulation, solvency and capital requirements, and products sold in different markets. |
| Aim | The aim of General Insurance Pricing Principles (SP8) is to instil in successful candidates the ability to apply, in simple pricing analysis situations, the mathematical and economic techniques and the principles of actuarial planning and control needed for the financially-sound operation of general insurers. |
| What You Learn | It builds on material covered in earlier subjects to cover the key principles of evaluating investments, including the appropriate selection and effective risk management of a portfolio of investments that meet the needs of a particular investor. |
| Builds On | It builds on material covered in earlier subjects, particularly Actuarial Statistics 2 (CS2) Financial Engineering and Loss Reserving CM2. |
| Detail | Information |
|---|---|
| SP8 | 3 hours and 20 minutes exam |
| Skill Type | Weightage |
|---|---|
| Knowledge | 25% |
| Application | 50% |
| Higher Order Skills | 25% |
| In the SP subjects, the approximate split of assessment across the three skill types is 25% Knowledge, 50% Application and 25% Higher Order skills. | |
| # | Feature | Details |
|---|---|---|
| 1 | Experienced corporate faculty | All India SP7|8 topper to make you understand the application of knowledge contained in the subject. |
| 2 | Classes available in all 3 modes | Zoom Live Online and Videos. |
| 3 | Multiple small batches | To focus on personal interaction and development. |
| 4 | Regular assignments and feedback sharing | To discuss your improvement areas. |
| 5 | Detailed study plan, chapter wise important topics | Detailed description – main highlights. |
| 6 | Exclusive writing and discussion sessions | Oriented to case studies and past papers discussion. |
| 7 | Regular doubt classes | To help you learn technical skills and clear your conceptual knowledge. |
| 8 | Writing and discussion sessions – our USP | 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. |
| # | Skill | Details |
|---|---|---|
| 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 | Understand the main principles and techniques of pricing that are relevant to general insurance, including techniques to estimate the key elements within a technical price. |
| 2 | Apply | Apply these principles in practice within the context of general insurance. |
| 3 | Business Links | Understand how pricing links to wider business processes (e.g. business planning, reserving and capital setting). |
| 4 | Analyse | Analyse hypothetical scenarios, including using judgement to assess the implications of possible actions and to develop appropriate proposals or recommendations relating to pricing in general insurance business. |
| Detail | Information |
|---|---|
| SP8 | 3 hours and 20 minutes exam |
| Calculator | 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. |
| # | Allowed Calculator Model | Note |
|---|---|---|
| 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 |
| # | Topic | Weightage |
|---|---|---|
| 1 | General insurance products and general business environment | 20% |
| 2 | Data, risks and risk management | 30% |
| 3 | Rating bases and methodology | 35% |
| 4 | Credibility, reinsurance and catastrophe modelling | 15% |
| Faculty | Mr. Sunil Padasala |
|---|---|
| Teaching Approach | He believes in imparting knowledge through collaborative and active learning techniques. |
| Achievements | He topped exam SP8 (April 2021) and exam SP7 (September 2021) with the IAI. Holds an AIA with the IFoA. |
| Experience | With over 12 years of experience in General Insurance and insurtech space along with 14 papers (old curriculum) cleared, he provides an in-depth case based understanding of each topic to students. |
| To know more about our faculty – Click on LinkedIn Profile | |
| Detail | Information |
|---|---|
| SP8 Detailed Content | For detailed content of SP8, please click on the attached file – SP8 Detailed Content File |
SP8 Latest Orientation Session
