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Exam Feedback May 2019 Part 1 Exam Feedback

kwenthieu

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I'm not sure what the marginal passing score is for this exam though. Does anyone have a rough idea how many questions you need to pass this exam?

There was also a ethics question about confidentiality. I said you need consent before you can use confidential information.
I remember choosing the same answer but do not remember the question, lol
 
About the question on the historical 99% ES : Maybe I got confused on this one. I thought we were given the ten worst losses (in descending order) in a table. To compute the ES, I took the average of the highest and second highest loss (so the first and second values in the given table).
Does anyone remember if we were given losses amounts or returns ?
I too remember that loss values in were given in decreasing order, so I took mean of the 1 and 2nd values as they were above 99%ile loss. The values were not returns I am sure about it.
 

VWJETTY

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About the question on the historical 99% ES : Maybe I got confused on this one. I thought we were given the ten worst losses (in descending order) in a table. To compute the ES, I took the average of the highest and second highest loss (so the first and second values in the given table).
Does anyone remember if we were given losses amounts or returns ?
yeah because the days testing was 200 it was the average of the worst 2 days from the VAR historical simulations. Or at least that's what i got.
 

VWJETTY

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Has anyone heard of any "tells" or early hints of the exam results yet? I've read on reddit that in prior years apparently there has been so i'm just curious now. Thanks.
 

Nicole Seaman

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Thread starter #116

Branislav

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3. Property and casualty insurance company's risk mitigation - I choose wrong option. "year wise increase in insurance charges". Right answer must be "Insurance holder paying some fixed amount of cover in case of damage"
Dear @Paramveersaini I wolud appreciate if you can recall that question regarding insurance company..it goes to category of "common sense financial questions.." that could be tricky and personally do not like them:)Thanks in advance
 
Dear @Paramveersaini I wolud appreciate if you can recall that question regarding insurance company..it goes to category of "common sense financial questions.." that could be tricky and personally do not like them:)Thanks in advance
There was two answers , two on adverse selection and two on moral hazard. I choose adverse selection since the company dint have information on customers.the first solution was to charge everyone same premium which was wrong and i remember choosing the other option. Do anyone remember whats the solution to avoid this adverse selection issue
 

ctrickle45

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There was two answers , two on adverse selection and two on moral hazard. I choose adverse selection since the company dint have information on customers.the first solution was to charge everyone same premium which was wrong and i remember choosing the other option. Do anyone remember whats the solution to avoid this adverse selection issue
I remember an insurance question and picked the answer that included something about a deductible - although I don't recall the exact question
 
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