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.

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SP8 12,000.0020,000.00

SP7

12,000.0020,000.00

Course: SP7
Faculty: Mr. Sunil Padasala


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    Course Details

    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 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%)

    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

    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) Class 17 (Questions Practice)

    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