Question 1: What does a z-score of +2 indicate when interpreting a dataset of insurance claims?
Which action should you take?
Question 2: In a large dataset of insurance policyholders, which method would be most appropriate for identifying subgroups with similar risk profiles?
Which action should you take?
Question 3: What is the primary purpose of the Risk Margin in Solvency II's valuation of technical provisions?
Which action should you take?
Question 4: How does the term "tail risk" influence the risk assessment in the banking and insurance sectors?
Which action should you take?
Question 5: Which of the following is NOT a key requirement of the IFRS 17 standard in terms of actuarial valuation?
Which action should you take?
Question 6: In life insurance modeling, what is the purpose of constructing a life table?
Which action should you take?