Page 339 - ic92 actuarial
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Foundations of Casualty Actuarial Science
D. Incurred Losses = Paid Losses + Ending Claim Liability.
Ans. D
15. Credibility can not have this possible value :
A. 0.35
B. 0.50
C. 0.75
D. 1.25
Ans. D
Essay-Type Questions : (All questions carry 10 marks each)
16. Write short Notes on :
A. Risk Management Alternatives
B. Sources of Insurance Profit
C. Goals of Individual Risk Taking
D. Credibility Criteria
17. Explain 'Experience Rating'.
18. Explain, with examples : 339
A. Utility Theory
B. Reserve Discounting
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