Question 1: How does the Central Limit Theorem apply to actuarial analysis?
Which action should you take?
Question 2: Under Solvency II, which of the following is the most significant risk category that insurance companies need to address in their capital requirements?
Which action should you take?
Question 3: In a pricing model for health insurance, which actuarial technique is used to adjust for moral hazard and adverse selection?
Which action should you take?
Question 4: What is the primary difference between deterministic and stochastic methods in financial forecasting?
Which action should you take?
Question 5: Which of the following assumptions has the largest effect on the actuarial cost of a defined benefit pension plan?
Which action should you take?
Question 6: In actuarial financial forecasting, which of the following best defines stochastic modeling?
Which action should you take?