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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
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
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
Correct Answer:
A
Question #4
Determine and describe the extreme values of f(x,y) = -x2 - xy - 3y2
Correct Answer:
C
Question #5
The random variableX has the followingprobability density function ("PDF"):
Calculate: P(x 1.5)
Correct Answer:
C
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