IFoA_CAA_M0
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IFoA
IFoA_CAA_M0 Exam
Module 0 - Entry Exam
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| Topic | Details |
|---|
| Topic 1 | - Define moments and moment generating functions
- Calculate the adjustment coefficient for a compound Poisson process in simple cases
|
| Topic 2 | - Explain relationships between the different probabilities of ruin
- Risk models involving frequency an dseverity distributions
|
| Topic 3 | - Derive the moment generating function of the sum of N independent random variables
- Risk models involving fr equency and severity distributions
|
| Topic 4 | - Apply the basic chain ladder method for completing the run-off triangle
- Define the probability of ruin in infinite
- finite and continuous
- discrete time
|
| Topic 5 | - Explain the concepts of excesses, deductibles, and retention limits
- Apply the average cost per claim method for estimating outstanding claim amounts
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| Topic 6 | - Probabilities and Moments of loss destribution both with and without limits an risk-sharing arrangements
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| Topic 7 | - Explain what is meant by the aggregate claim process and the surplus process for a risk
- Define the adjustment coefficient for a compound Poisson process
|
| Topic 8 | - Apply the principles of statistical inference to select suitable loss distributions for setsof claims
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| Topic 9 | - Demonstrate how the basic chain ladder method can be adjusted to make explicitallowance for inflation
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