Cyber Monday 2023! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: CM25OFF
Welcome to Pass4Success

- Free Preparation Discussions

IFoA_CAA_M0 Exam

Certification Provider: IFoA
Exam Name: Certified Actuarial Analyst
Duration: 90 Minutes
Number of questions in our database: 64
Exam Version: Nov. 19, 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 Nov. 19, 2023

Question #1

Identify which of the following best describes the nature of a stationary point.

Reveal Solution Hide Solution
Correct Answer: A

Question #2

An insurance company sells policies where, for each policy, the policyholder pays the first 50 of the cost of any claim. A claim reported to the insurance company takes some unknown value x.

Identify which of the mathematical expressions below represents the cost in to the insurance company of the claim.

Reveal Solution Hide Solution
Correct Answer: D

Question #3

State whatthe limit of a function with input variable xrepresents.

Reveal Solution Hide Solution
Correct Answer: B

Question #4

In a small island nation, local sea vessels are identified using "a letter and 4 digits" classification system. The "letter" can be any of the 26 letters in the English alphabet, A to Z, while the "digit" can be any number from 0 to 9. E.g: Z9835.

Calculate the probability of a sea vessel having an identification ending in "007".

Reveal Solution Hide Solution
Correct Answer: A

Question #5

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

Reveal Solution Hide Solution
Correct Answer: B

Unlock all IFoA_CAA_M0 Exam Questions with Advanced Practice Test Features:
  • Select Question Types you want
  • Set your Desired Pass Percentage
  • Allocate Time (Hours : Minutes)
  • Create Multiple Practice tests with Limited Questions
  • Customer Support
Get Full Access Now
Disscuss IFoA IFoA_CAA_M0 Topics, Questions or Ask Anything Related

Save Cancel