Actuarial Course Quiz
Actuarial Course Insights Quiz
Test your knowledge and expertise in actuarial practices with our engaging Actuarial Course Quiz. This quiz is designed to assess your understanding of essential concepts in Enterprise Risk Management, Product Development, and more!
- 12 thought-provoking questions
- Various formats including multiple choice and checkboxes
- Instant feedback on your answers
Which of the following components of ERM is related to financial risks?
Corporate governance
Product management
Risk Transfer
Data & Technology Resources
Stakeholders Management
Portfolio management
Which of the following processes is part of the Product Development Cycle?
Design
Pricing
Testing
Marketing
Sale
Which of the following analysis is part of External Analysis in the Idea Generation Stage?
Portfolio analysis
Market analysis
Product analysis
Competitive intelligence
What is the Total Premium for the insurance product with the given pricing parameters?
$88
$137.5
$138.9
What is the expected motor insurance burning cost (in % of vehicle value) for a Male aged 30 driving a Sedan vehicle aged 10 years and worth $12,000 using the given GLM parameters and link fun
2.50%
2.55%
2.11%
What is the In-Hospital frequency, severity and burning cost respectively given the historical data?
0.2; $600; $120
1.1; $70; $77
1.3; $152; $197
What is the Earned Exposure of the given policy for the calendar year 2022?
0.751
0.752
0.753
What is the Net Earned Premium of the given policy for calendar year 2022:
$658
$660
$663
What is the estimated IBNR reserve as at 31/12/2022 for the given portfolio in the following sheet using the Chain Ladder method and loss development factors calculated based on the average over the previous 5 years?
$604,981
$550,903
$366,668
Which of the following type of reinsurance is an example of proportional reinsurance?
Excess of Loss
Quota Share
Stop Loss
Surplus
What is the reinsurer share of premiums and claims for the given Treaty, Policy and Claim?
10%
20%
50%
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