CAA Associate Actuary (China) case studies
CAA Associate Actuary (China) · Put your knowledge to work in context.
This independent study page provides practice for CAA Associate Actuary (China). Its editorial learning areas include Integrated quantitative, financial and evidence reasoning. The questions develop subject knowledge and application through worked reasoning, distinctions between competing answers, and practical scenarios. Study the relevant guide before attempting a mixed set, then explain the evidence or calculation that supports each answer. Topics on this exam: Integrated quantitative, financial and evidence reasoning. The CAA Associate Actuary (China) case studies are 4 cases and about 655 words.
1Fictional policy calculation
A fictional policy exercise specifies a covered property loss of800currency units. The supplied wording says to subtract a100deductible first and then apply a1000payment limit. There are no other restrictions, co-insurance terms, recoveries or aggregation effects in this simplified case. A learner subtracts the deductible twice because the event affects two nearby rooms.
167 words, under 1 min2Fictional risk-treatment comparison
A fictional archive experiences occasional water leaks that can damage stored documents. Its team considers repairing a roof, moving sensitive records above floor level, maintaining copies and buying a policy covering specified water damage. A manager calls each option insurance, while another assumes transferring some financial loss means the organization no longer needs preventive maintenance. The exercise gives no actual historical frequency, construction prescription, premium quote or jurisdictional policy rule.
171 words, under 1 min3Fictional underwriting result
A fictional non-life insurer uses a simplified educational model in which loss and expense components both divide by earned premium. Earned premium for the period is1000currency units, incurred covered losses are620and underwriting expenses are300. Investment income, taxes, policyholder dividends and other items are excluded from this exercise. An analyst treats the combined ratio as an actual national solvency ratio and concludes that no further financial review is needed.
155 words, under 1 min4Fictional reinsurance layer
A fictional contract exercise defines a reinsurance layer paying the portion of a covered insurer loss above100currency units, with a maximum layer payment of300. A covered loss of500occurs. The original insurer remains responsible to its policyholder under the primary policy, and there are no reinstatements, aggregation changes or other recoveries in this model. A learner assumes the reinsurer must pay400because that is the amount above attachment.
162 words, under 1 min