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IFoA_CAA_M0 Exam

Certification Provider: IFoA
Exam Name: Certified Actuarial Analyst
Duration: 90 Minutes
Number of questions in our database: 64
Exam Version: May. 20, 2023
IFoA_CAA_M0 Exam Official Topics:
  • 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: Explain the concepts of excesses, deductibles, and retention limits/ Apply the average cost per claim method for estimating outstanding claim amounts
  • Topic 3: Derive the moment generating function of the sum of N independent random variables/ Risk models involving fr equency and severity distributions
  • Topic 4: Demonstrate how the basic chain ladder method can be adjusted to make explicitallowance for inflation
  • Topic 5: 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 6: Define moments and moment generating functions/ Calculate the adjustment coefficient for a compound Poisson process in simple cases
  • Topic 7: Explain relationships between the different probabilities of ruin/ Risk models involving frequency an dseverity distributions
  • 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
  • Topic 9: Apply the principles of statistical inference to select suitable loss distributions for setsof claims
  • Topic 10: Probabilities and Moments of loss destribution both with and without limits an risk-sharing arrangements

Free IFoA IFoA_CAA_M0 Exam Actual Questions

The questions for IFoA_CAA_M0 were last updated On May. 20, 2023

Question #1

Define the partial derivative of f(x, y) with respect to x.

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Correct Answer: B

Question #2

For random variable X, use the following statistics to calculate its coefficient of skewness based on central moments.

E(X) = 3.940

E(X2) = 21.466

skew(X) = E[(X - )3] = 6.008

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Correct Answer: C

Question #3

For the following data set, calculate the mean and median.

10,8, 5, 7, 14, 5, 3, 9, 5, 8

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Correct Answer: A

Question #4

Determine and describe the extreme values of f(x,y) = -x2 - xy - 3y2

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Correct Answer: C

Question #5

The random variableX has the followingprobability density function ("PDF"):

Calculate: P(x 1.5)

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Correct Answer: C

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