CAS Exam 5 - Basic Techniques for Ratemaking Practice Test
Gana confianza para CAS Exam 5 - Basic Techniques for Ratemaking. Practica los conceptos, comprende las respuestas y refuerza tus conocimientos pregunta a pregunta.
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El examen CAS Exam 5 cubre técnicas fundamentales de tarificación utilizadas en seguros de propiedad y responsabilidad civil. Los temas incluyen el desarrollo de pérdidas, análisis de tendencias, credibilidad, desarrollo de primas e indicaciones de nivel de tarifas.
Preguntas de Muestra
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An actuary is comparing two credibility approaches for a large commercial insured. Method 1 (classical limited fluctuation) requires n0 = 1,082 claims for full credibility. The insured has 1,200 claims. Method 2 (Bühlmann) gives Z = 1,200 / (1,200 + 400) = 0.75. Why do the two methods give different results for the same insured?
An actuary observes that claimed losses from a specific accident year are developing faster than historical patterns, with a 24-month loss development factor of 1.85 compared to the 5-year average of 1.62. When projecting ultimate losses and setting rates for the next period, what is the most appropriate action?
An actuary is developing rates for a personal auto line using data from the past three years. The credibility factor Z is calculated to be 0.65. Which of the following best explains what this credibility factor indicates?
An insurer purchases an aggregate stop-loss reinsurance cover that limits the insurer's total annual losses to 85% of earned premium (the 'attachment point'). If earned premium is $20,000,000, at what total annual loss level would the reinsurance begin to pay?
In credibility theory, what does the credibility factor Z represent in the formula Credible Estimate = Z × Experience Data + (1 - Z) × Prior Estimate?
Oportunidades profesionales y salario
Los rangos son cifras del mercado de EE. UU. salvo que se muestre un rango local.
Qué temas cubre este examen
01A. Ratemaking
This domain covers the process of developing insurance rates, including data organization, trend application, and the construction of overall rate level indications using pure premium and loss ratio methods for various insurance products and lines of business.
02B. Estimating Claim Liabilities (Reserving)
This domain focuses on estimating unpaid claims and loss liabilities. It requires building development triangles and applying various estimation techniques to ensure reserve adequacy and reasonableness for complex property and casualty insurance portfolios and actuarial reporting.