Blogs

(Papers) ACET Paper May 2010 "ST2 – Life Insurance "

Q. 1) A company sells only non participating term insurance business. The company reinsures the policies on its books on a risk premium constant retention basis whereby death benefit at risk above a specified retention limit is ceded to the reinsurers.

(Papers) ACET Paper May 2010 "ST1 – Health and Care Insurance"

(i) Outline the targets to be considered while designing and pricing a health insurance product.
(ii) Describe the potential conflicts amongst the targets stated above.
(iii)Describe briefly the significance of these conflicts for a health insurer who enjoys monopoly status in the market in which it operates?

(Papers) ACET Paper May 2010 "CT7 – Business Economics"

Q. 1) In a perfectly competitive industry where there are no external benefits from consumption and marginal social cost (MSC) is greater than marginal cost (MC), provision of subsidies will

A. Control overproduction
B. Enhance overproduction
C. Control underproduction
D. Enhance underproduction

(Papers) ACET Paper May 2010 "CT6 – Statistical Methods"

(Papers) ACET Paper May 2010 "CT5 – General Insurance, Life and Health Contingencies"

Q. 1) If ‘T’represents the present value of a temporary annuity due with a term of n years, derive the variance of ‘T’ in terms of assurance functions for a life aged x.

(Papers) ACET Paper May 2010 "CT4 – Models"

Q 1) Briefly explain what is meant by strictly stationaity and weak stationarity for a stochastic process. [3]

Q 2) In continuous mortality investigation, usually the mortality data is recorded on policy count basis.

(Papers) ACET Paper May 2010 "CT3 – Probability & Mathematical Statistics"

 Q. 1)

The following amounts are the sizes of claims (in Rs.) on house insurance policies for a certain type of repair.
199, 240, 215, 209, 230, 210, 218, 215, 203, 210, 218, 201, 206, 216, 212

(Papers) ACET Paper May 2010 "CT2 – Finance and Financial Reporting"

Q. 1) A business made a loss during the financial year just ended but has more cash at the end of the year than it did at the beginning. Which of the following could be a reason for this?