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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: Apr. 11, 2024
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
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Free IFoA IFoA_CAA_M0 Exam Actual Questions
The questions for IFoA_CAA_M0 were last updated On Apr. 11, 2024
Question #1
State whatthe limit of a function with input variable xrepresents.
Correct Answer:
B
Question #2
Question #3
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
Correct Answer:
C
Question #4
Determinewhich of the following is the Maclaurin expansion (up to the second order term) of: e2x
Correct Answer:
D
Question #5
Determine the coefficient of x3in the binomial expansion of (2 + x)5.
Correct Answer:
B
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