Q. What does the Outstanding Claims Reserve represent?

View solution

Q. What does IBNR stand for in the context of claims reserves?

View solution

Q. What is one of the main challenges for insurers regarding IBNR reserves?

View solution

Q. What is the purpose of a Claims Equalisation Reserve?

View solution

Q. Apart from technical reserves, what other types of reserves do insurers create?

View solution

Q. What are hidden reserves?

View solution

Q. What is the primary purpose of the reserving policy in insurance?

View solution

Q. How are estimates for smaller and simpler claims typically determined?

View solution

Q. What approach is taken for larger and more complex claims?

View solution

Q. Why is it crucial to revisit claims reserves regularly?

View solution

Q. Why is it important for sub-classes to be as homogeneous as possible?

View solution

Q. What challenge arises when building in IBNR and reported claims development into sub-class reserves?

View solution

Q. How can the impact of fundamental changes on claims be addressed in reserve estimation?

View solution

Q. What is the fundamental concept behind Modern Portfolio Theory (MPT)?

View solution

Q. What trade-off does investing entail according to Modern Portfolio Theory?

View solution

Q. What does Modern Portfolio Theory (MPT) primarily aim to achieve?

View solution

Q. What is asset-liability management (ALM) primarily concerned with?

View solution

Q. According to the Indian Regulations outlined, what is the minimum percentage requirement for investments in Central Government Securities?

View solution

Q. What is the minimum percentage requirement for investments in Government securities and other Guaranteed securities, including Central Government Securities?

View solution

Q. Which of the following statements regarding insurance accounting is NOT correct?

View solution