Bobby

05-05-2011, 08:30 PM

Below are the problems that I remember (not in any particular order).

If you can add any problems or details to problems, please do and I'll edit the OP. I think there were 37 problems in total. I added some points-per-problem estimates, but not confident on these.

1. ISO PAM problem (1.5 points)

2. Two competing companies. One used classification analysis and other not. Calculate profit and explain how one company can gain market share. (3 points)

3. Essay question that listed law changes / book changes and you estimated the effect on reserve estimates (3.25 points)

4. Another essay question on reserve estimates: given true IBNR and estimates of various methods, explain differences (2.5 points)

5. Additive ALAE problem (2.5 points)

6. S&S recoveries question (2 points)

7. WC Experience Mod Quesiton, calculate mod, standard premium, and retro premium (2.75 points)

8. Given Base Rate, revised relativities, calculate EP for a calendar year and On-level factors (3.25 points)

9. Berquist-Sherman Reserve Problem - estimate ultimate claims (3 points)

10. Credibility-Weighted Classification Relativities (4 points)

11. Operating Expense Ratio Problem (1.25 points)

12. Claim Development / B-F IBNR (2.5 points)

13. Cape Cod Problem (2 points)

14. Is Paid Development / Reported Development Speeding Up (1.75 points)

15. Calculate exposures for CY, PY (2 points)

16. Calculate losses for CY, PY (2 points)

17. Make Reported Triangle (2 points)

18. Asset Share Pricing Problem (3 points)

19. Car years vs miles driven exposure base (2 points)

20. Development and Trend Overlap Fallacy (1 point)

21. Calculate large commercial insured rate discount based on expenses being reduced as premium increases

22. Big Rate Change Problem (6.75 points)

23. Reinsurance XS of loss vs QS problem (1.5 points)

24. Premium Trend Problem (2.5 points)

25. Conger ULAE Problem (1.5 points)

26. Expected Claims Method Problem

27. Two Purposes of Risk Classification (2 points)

28. Loss Elimination Ratio from deductible to larger deductible (1.5 points)

29. Discuss GLM output problem (1 point)

30. Excess loss trend (1 point)

31. Tail Severity Problem (2 points)

If you can add any problems or details to problems, please do and I'll edit the OP. I think there were 37 problems in total. I added some points-per-problem estimates, but not confident on these.

1. ISO PAM problem (1.5 points)

2. Two competing companies. One used classification analysis and other not. Calculate profit and explain how one company can gain market share. (3 points)

3. Essay question that listed law changes / book changes and you estimated the effect on reserve estimates (3.25 points)

4. Another essay question on reserve estimates: given true IBNR and estimates of various methods, explain differences (2.5 points)

5. Additive ALAE problem (2.5 points)

6. S&S recoveries question (2 points)

7. WC Experience Mod Quesiton, calculate mod, standard premium, and retro premium (2.75 points)

8. Given Base Rate, revised relativities, calculate EP for a calendar year and On-level factors (3.25 points)

9. Berquist-Sherman Reserve Problem - estimate ultimate claims (3 points)

10. Credibility-Weighted Classification Relativities (4 points)

11. Operating Expense Ratio Problem (1.25 points)

12. Claim Development / B-F IBNR (2.5 points)

13. Cape Cod Problem (2 points)

14. Is Paid Development / Reported Development Speeding Up (1.75 points)

15. Calculate exposures for CY, PY (2 points)

16. Calculate losses for CY, PY (2 points)

17. Make Reported Triangle (2 points)

18. Asset Share Pricing Problem (3 points)

19. Car years vs miles driven exposure base (2 points)

20. Development and Trend Overlap Fallacy (1 point)

21. Calculate large commercial insured rate discount based on expenses being reduced as premium increases

22. Big Rate Change Problem (6.75 points)

23. Reinsurance XS of loss vs QS problem (1.5 points)

24. Premium Trend Problem (2.5 points)

25. Conger ULAE Problem (1.5 points)

26. Expected Claims Method Problem

27. Two Purposes of Risk Classification (2 points)

28. Loss Elimination Ratio from deductible to larger deductible (1.5 points)

29. Discuss GLM output problem (1 point)

30. Excess loss trend (1 point)

31. Tail Severity Problem (2 points)