IFoA IFoA_CAA_M0 Valid Dump : Module 0 - Entry Exam

IFoA_CAA_M0 real exams

Exam Code: IFoA_CAA_M0

Exam Name: Module 0 - Entry Exam

Updated: Nov 14, 2024

Q & A: 65 Questions and Answers

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IFoA IFoA_CAA_M0 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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
Topic 2
  • Probabilities and Moments of loss destribution both with and without limits an risk-sharing arrangements
Topic 3
  • Apply the principles of statistical inference to select suitable loss distributions for setsof claims
Topic 4
  • Describe the major simplifying assumptions underlying the models in 2(i)
  • Describe the operation of simple forms of proportional and excess of loss reinsurance
Topic 5
  • Derive the moment generating function of the sum of N independent random variables
  • Risk models involving fr equency and severity distributions
Topic 6
  • Define moments and moment generating functions
  • Calculate the adjustment coefficient for a compound Poisson process in simple cases
Topic 7
  • Demonstrate how the basic chain ladder method can be adjusted to make explicitallowance for inflation
Topic 8
  • Apply the basic chain ladder method for completing the run-off triangle
  • Define the probability of ruin in infinite
  • finite and continuous
  • discrete time

Reference: https://www.actuaries.org.uk/membership/types-membership/certified-actuarial-analyst-caa-membership

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