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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: 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.

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.

Question #3

State whatthe limit of a function with input variable xrepresents.

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".

Question #5

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