This subject builds on the main principles of actuarial planning and control that are relevant to the provision of General Insurance Reserving and Capital Modelling Specialist Principles subject. SP8 is to be assessed in 3 hours and 20 mins exams.

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SP8

12,000.0025,000.00

Course: SP8
Faculty: Mr. Sunil Padasala


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    COURSE DETAILS

    Why SP8 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.
  •  
    SP8 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 pricing that are relevant to general insurance, including techniques to estimate
    the key elements within a technical price.
  • 2 apply these principles in practice within the context of general insurance.
  • 3 understand how pricing links to wider business processes (e.g. business planning, reserving and capital setting).
  • 4 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.
  •  
    Exam format:

    3 hours and 20 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)

    SP8 SYLLABUS

    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%)

    About Faculty

    Mr. Sunil Padasala
    He believes in imparting knowledge through collaborative and active learning techniques.
    He topped exam SP8 (April 2021) and exam SP7 (September 2021) with the IAI. Holds an AIA with the IFoA.
    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 –

    Demo Lectures

    To watch our demo videos

    Content

    SP8 Content Lectures

    01 SP8 Intro Session 02 Ch 5 and 6 03 Ch 7-12
    04 Ch 7-12 05 Ch 11-12 06 Ch 12-13
    07 Ch 14 08 Ch 15 Part1 09 Ch 15 Part2
    10 Ch 16 Part1 11 Ch 16 12 Ch 17
    13 Ch 18 14 Ch 19 15 Ch 20
    16 Ch 21 17 SP8 Practice Class 18 SP8 Practice Class

    SP8 PPTs

    Class 2 (Chapters 5 and 6) Class 3 and 4 (Ch 7 to 12) Class 5 and 6 (Ch 11-12)
    Class 7 (Ch 14) Class 10 and 11 (Ch 16) Class 12 (Ch 17)
    Class 8 and 9 (Ch 15) Class 13 (Ch 18) Class 14 (Ch 19)
    Class 15 (Ch 20) Class 16 (Ch 21) Class 17 (Questions Practice)
    Class 18 (Questions Practice)

    SP8 Assignments

    SP8 Assignment Ch 1-6 SP8 Assignment Ch 7-10 SP8 Assignment Ch 11-17
    SP8 Assignment Ch 18-21

    SP8 Unit Tests

    SP8_Unit Test 1(Ch 1-6) SP8_Unit Test 2(Ch 7-10) SP8_Unit Test 3(Ch 11-17)
    SP8_Unit Test 4(ch 18-21)

    SP8 Mock Tests

    SP8_Mock Test 1 SP8_Mock Test 2