Question
a.
To account for seasonal influences
b.
To minimize the impact of cultural attitudes
c.
To ensure a timely reaction to changes in mortality levels
d.
To prevent biases in the analysis
Posted under IC 92 Actuarial Aspects of Product Development
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Why should the period of investigation not be too large for mortality analysis?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What are some factors considered for grouping data in mortality or morbidity analysis?
View solution
Q. How is the expected experience calculated in mortality or morbidity analysis?
View solution
Q. What does "Actual vs Expected (A/E)" represent in mortality or morbidity analysis?
View solution
Q. What is the credibility analysis in mortality or morbidity analysis?
View solution
Q. How are mortality or morbidity assumptions typically represented in practice?
View solution
Q. What does credibility analysis in mortality or morbidity analysis primarily focus on?
View solution
Q. How is the credibility factor calculated in mortality or morbidity analysis?
View solution
Q. What does a credibility factor of 0% signify in mortality or morbidity analysis?
View solution
Q. In the formula for finding adjustment factors, what does 'A' represent?
View solution
Q. How does the adjustment factor change with a credibility factor of 100%?
View solution
Q. What is mortality risk primarily concerned with in insurance?
View solution
Q. What is "model" risk in mortality assumption setting?
View solution
Q. How does parameter risk differ from model risk in mortality assumption setting?
View solution
Q. What contributes to parameter risk in mortality assumption setting?
View solution
Q. How does data risk relate to parameter risk in mortality assumption setting?
View solution
Q. What contributes to the "random fluctuations" risk in mortality assumption setting?
View solution
Q. Which type of insurance product would typically have the maximum financial impact of mortality risk?
View solution
Q. What are the main ways of controlling mortality risk in insurance?
View solution
Q. In an established insurance market, what factors contribute to low model and parameter risk?
View solution
Q. What represents a difficult-to-quantify risk in mortality assumption setting?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC 92 Actuarial Aspects of Product Development? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
