Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Free Practice Questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
BecaDuring reinsurance, as we are typically dealing with larger claims,
Correct
It adds additional uncertainty in estimating ultimate losses.
Incorrect
It adds additional uncertainty in estimating ultimate losses.
-
Question 2 of 10
2. Question
It is more difficult for the actuary to predict future development patterns with heterogeneous risks due to
Correct
Heterogeneous risks are difficult to predict than homogeneous risks.
Incorrect
Heterogeneous risks are difficult to predict than homogeneous risks.
-
Question 3 of 10
3. Question
The reinsurer’s loss reserves would typically include
Correct
There may also be a consideration for discounting of loss reserves.
Incorrect
There may also be a consideration for discounting of loss reserves.
-
Question 4 of 10
4. Question
The data used for reinsurance pricing often involves non-homogeneous risks as
Correct
The terms are individualized for each contract.
Incorrect
The terms are individualized for each contract.
-
Question 5 of 10
5. Question
Reinsurance typically covers risks or part of it that have,
Correct
Reinsurance tries to reduce risks for itself as much as possible.
Incorrect
Reinsurance tries to reduce risks for itself as much as possible.
-
Question 6 of 10
6. Question
The time delay between the occurrence, the reporting, and the settlement of a claim is often
Correct
It might take some time than anticipated for it to be.
Incorrect
It might take some time than anticipated for it to be.
-
Question 7 of 10
7. Question
Above an excess cover attachment point,
Correct
The uncertainty is somewhat bigger than expected.
Incorrect
The uncertainty is somewhat bigger than expected.
-
Question 8 of 10
8. Question
In pricing proportional treaties, the reinsurer would need to estimate the expected loss ratio by
Correct
This is done for pricing proportional treaties.
Incorrect
This is done for pricing proportional treaties.
-
Question 9 of 10
9. Question
Ultimate losses in the layer of coverage are estimated and divided by,
Correct
Losses must first be adjusted for inflation prior to determining the amount of loss that falls in the layer of coverage.
Incorrect
Losses must first be adjusted for inflation prior to determining the amount of loss that falls in the layer of coverage.
-
Question 10 of 10
10. Question
The exposure rating approach estimates losses within the treaty layer by
Correct
Its advantage is that the current risk profile is modeled to estimate the expected losses that will fall within the layer of coverage.
Incorrect
Its advantage is that the current risk profile is modeled to estimate the expected losses that will fall within the layer of coverage.