SAO Practice - 2019-Fall

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  1. Describe the impact of under-reserving on a company's financial statements.
  2. How does reinsurance affect a company's risk profile?
  3. Explain the significance of using discounted versus nominal values in reserve calculations.
  4. Discuss the implications of changes in actuarial assumptions on reserve estimates.
  5. What are the potential consequences of a material error in the actuarial report for a company?
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