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Question 1: In Solvency II, what does the Own Risk and Solvency Assessment (ORSA) require an insurer to do?

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Question 2: Which statistical test is most appropriate for comparing the means of two independent groups in an actuarial context?

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Question 3: What is the main advantage of using Generalized Linear Models (GLM) over traditional linear regression in actuarial pricing models?

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Question 4: In actuarial financial modeling, what is the purpose of a sensitivity analysis?

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Question 5: In the context of claims analysis, which of the following distributions is commonly used to model claim severity?

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Question 6: How does the use of a Monte Carlo simulation enhance risk modeling in insurance portfolios?

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