SP7 SSP (Self Study Programme)
₹13,000.00 – ₹15,000.00
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.
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). 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.
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.
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.
It builds on material covered in earlier subjects, particularly Actuarial Statistics 2 (CS2) Financial Engineering and Loss Reserving CM2.
The assessment is 3 hours and 20 minutes long.
In the SP subjects, the approximate split of assessment across these three skill types is 25% Knowledge, 50% Application and 25% Higher Order Skills.
Why SP7 from The Academic Junction??
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:
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)
SP7 SYLLABUS
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%)
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 –
To watch our demo videos
SP7 Content Lectures
| 01 SP7 Intro Session | 02 Chapters 5 and 6 | 03 Ch7-12 |
| 04 Ch7-12 | 05 Ch 14 | 06 Ch15 |
| 07 Ch 15 and 17 | 08 Ch 15 and 17 part 2 | 09 Ch 16,17,18 |
| 10 Ch 20 | 11 Ch 21 | 12 Ch 22,23 |
| 13 Ch 26 and 27 Part 1 | 14 Ch 26 and 27 Part 2 | 15 Ch25 |
| 16 SP7 Practice Class | 17 SP7 Practice Class |
SP7 PPTs
| Class 2 (Chapters 5 and 6) | Class 3 and 4 (Chapters 7 to 12) | Class 5 (Chapter 14) |
| Class 6 (Chapter 15) | Class 7 and 8 (Chapters 15 and 17) | Class 9 (Chapters 16, 17, 18) |
| Class 10 and 11 (Chapters 20 and 21) | Class 12 (Chapters 22 and 23) | Class 13 and 14 (Chapters 26 and 27) |
| Class 15 (Chapter 25) | Class 16 (Questions Practice) |
SP7 Latest PPts
| Class 1 (Ch 1 and 2) | Class 2 (Ch 3) | Class 3-5 (Ch 5 and 6) |
| Class 6-7 (Ch7 to 12) | Class 8 (Ch 11 and 12) | Class11 (Ch15 Questions) |
| Class12 (Ch16 to 18) | Class13 (Ch 20-21) | Class14 (Ch 21) |
| Class15 (Ch 22-23) |
SP7 Assignments
| SP7 Assignment Ch 1-6 | SP7 Assignment Ch 7-13 | SP7 Assignment Ch 14-19 |
| SP7 Assignment Ch 20-27 |
SP7 Unit Tests
| SP7_Unit Test 1(Ch 1-6) | SP7_Unit Test 2(Ch 7-13) | SP7_Unit Test 3(Ch 14-19) |
| SP7_Unit Test 4(ch 20-27) |
SP7 Mock Tests
| SP7_Mock Test 1 | SP7_Mock Test 2 |
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