Recap of MTC
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Test your knowledge on the MTC and its applications in actuarial tasks. This quiz is designed to help you understand the critical elements of the MTC framework and enhance your proficiency in using it effectively.
- 9 engaging questions
- Multiple choice and checkbox formats
- Instant feedback on your answers
What is the main purpose of the MTC?
Serve as a planning tool
Test if FPSL calculates correctly
Calculation of Risk Adjustment
Projection of New Business
For which operational tasks does the MTC have to be used by you actuaries?
P&L projection
Testing
Planning
None
Validation checks
Cashflow derivation
Which measurement models are covered in MTC Life? (multiple answers possible)
VFA Unit Linked
VFA Conventional
GMM par
GMM non par
PAA
PAA Reinsurance
All
None
Which of the following steps is not covered in the MTC?
Genaration of FPSL input files
Design of IFRS17 scenarios
Processing FPSL Input Files to get all bookings
Generation of Cashflows
Check of FPSL Results
What does "GMP" in the FPSL Input Sheet DL_STS stand for?
GMM onerous
GMM profitable
GMM "through P&L" (no OCI Option)
GMM "through OCI" (OCI option)
GMM without Reinsurance
GMM with PAA Reinsurance
None
All
Apart from LIC cashflows (delivery via LIC Interface) and GMM indirect par (additional CF delivery with Expectation change 65), cashflows with which Expectation Changes have to be delivered by the Actuaries to produce DL_BECF? (multiple answers possible)
10 - Initial Recognition
50 - Remaining Cashflows
55 - Acknowledgement of Actuals
60 - Assumption Change
All
None
In what logic is the P&L in the MTC built? The same also applies for the delivery of Cashflows to FPSL via DL_BECF.
PTP (Period to Period)
YTD (Year to Date)
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