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19. Explain the criteria for selecting rating variables
20. Discuss 'Stochastic Simulation', briefing about its
practical utility, and its usefulness for Actuaries working
for non-life insurance companies.
21. What are the methods for loss reserve estimation? Which
is the most commonly used method? Why?
22. Discuss the importance of data in the management of a
General Insurance company with specific reference to Claim
Management including Loss Reserves.
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