SAO Practice
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Questions Similar to 2019-Spring
- Explain the importance of the appointed actuary's range in determining the adequacy of loss reserves.
- How does the concept of material adverse deviation (MAD) influence the actuary's opinion in the Statement of Actuarial Opinion (SAO)?
- Describe the role of reinsurance in the actuarial evaluation of a company's reserves.
- What factors should be considered when assessing the adequacy of reserves for a new line of business?
- Explain the significance of one-year development to prior year surplus in reserve analysis.
Questions Similar to 2019-Fall
- Describe the impact of under-reserving on a company's financial statements.
- How does reinsurance affect a company's risk profile?
- Explain the significance of using discounted versus nominal values in reserve calculations.
- Discuss the implications of changes in actuarial assumptions on reserve estimates.
- What are the potential consequences of a material error in the actuarial report for a company?