Q. What is the first step in deriving assumptions for mortality or morbidity studies?

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Q. Why is the time period important in collecting data for mortality or morbidity studies?

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Q. What is the recommended time interval for mortality analysis?

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Q. Which source is considered the best for mortality or morbidity data?

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Q. Why should the period of investigation not be too large for mortality analysis?

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Q. What are some factors considered for grouping data in mortality or morbidity analysis?

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Q. How is the expected experience calculated in mortality or morbidity analysis?

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Q. What does "Actual vs Expected (A/E)" represent in mortality or morbidity analysis?

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Q. What is the credibility analysis in mortality or morbidity analysis?

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Q. How are mortality or morbidity assumptions typically represented in practice?

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Q. What does credibility analysis in mortality or morbidity analysis primarily focus on?

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Q. How is the credibility factor calculated in mortality or morbidity analysis?

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Q. What does a credibility factor of 0% signify in mortality or morbidity analysis?

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Q. In the formula for finding adjustment factors, what does 'A' represent?

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Q. How does the adjustment factor change with a credibility factor of 100%?

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Q. What is mortality risk primarily concerned with in insurance?

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Q. What is "model" risk in mortality assumption setting?

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Q. How does parameter risk differ from model risk in mortality assumption setting?

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Q. What contributes to parameter risk in mortality assumption setting?

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Q. How does data risk relate to parameter risk in mortality assumption setting?

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