why are we subtracting 80000 to calc NWP? doesnt direct + assumed imply its net?

Hi, what does "b.i" refer to?

About the calculation of the Adjusted Investment Yield, the Invstment Income provided is for year 2011 and 2012. Is it the sum of 2011 and 2012 or we assume that it's 20K for both years, so total of …

For part a.i, I thought OCI would be calculated as follows:

Since on the wiki page, it states that the formula to calculate the capital required for unregistered reinsurance is incorrect. Could you please do the correct way ? I seem to get the negative value …

A follow up question is 2015 Spring #23 d) asked us to calculate the reduction in Capital required due to reinsurance ceded to unregistered reinsurance, the answer is 0.625. (

@graham, could we mention briefly in the Battlecard for MCT (#59 - 2015 Spring #23 a)) that the examiner's report has a typo and no adjustment is made for category C?