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Pass your IFoA_CAA_M0 Exam with accurate Questions & Answers
Certified Actuarial Analyst
Last Updated: Oct 4, 2024
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64 Questions and Answers for the IFoA IFoA_CAA_M0 exam
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IFoA Certified Actuarial Analyst Syllabus
- Explain what is meant by the aggregate claim process and the surplus process for a risk/ Define the adjustment coefficient for a compound Poisson process
- Explain the concepts of excesses, deductibles, and retention limits/ Apply the average cost per claim method for estimating outstanding claim amounts
- Derive the moment generating function of the sum of N independent random variables/ Risk models involving fr equency and severity distributions
- Demonstrate how the basic chain ladder method can be adjusted to make explicitallowance for inflation
- Describe the major simplifying assumptions underlying the models in 2(i)/ Describe the operation of simple forms of proportional and excess of loss reinsurance
- Define moments and moment generating functions/ Calculate the adjustment coefficient for a compound Poisson process in simple cases
- Explain relationships between the different probabilities of ruin/ Risk models involving frequency an dseverity distributions
- Apply the basic chain ladder method for completing the run-off triangle/ Define the probability of ruin in infinite/finite and continuous/discrete time
- Apply the principles of statistical inference to select suitable loss distributions for setsof claims
- Probabilities and Moments of loss destribution both with and without limits an risk-sharing arrangements