SAO Practice

Questions Similar to 2019-Fall

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?

Questions Similar to 2019-Spring

1. Explain the importance of the appointed actuary's range in determining the adequacy of loss reserves.
2. How does the concept of material adverse deviation (MAD) influence the actuary's opinion in the Statement of Actuarial Opinion (SAO)?
3. Describe the role of reinsurance in the actuarial evaluation of a company's reserves.
4. What factors should be considered when assessing the adequacy of reserves for a new line of business?
5. Explain the significance of one-year development to prior year surplus in reserve analysis.

• SAO Practice Answers 2019-Spring