IAI CB3 case studies

IAI CB3 · Put your knowledge to work in context.

CB3 is one of the subjects in the actuarial examination system administered by the Institute of Actuaries of India (IAI), a statutory body established under the Actuaries Act 2006 (35 of 2006) for regulation of the profession of actuaries in India. IAI publishes a dedicated CB3 section on its website, listing an exam structure page, examination dates, results and a frequently asked questions page, so candidates should treat those official pages as the authoritative reference for the current syllabus, sitting dates and result announcements rather than second-hand summaries. The IAI CB3 case studies are 5 cases and about 3,140 words.

DB Pension Scheme: The Sponsor's Request to Omit a Sensitivity

A UK defined-benefit pension scheme has a funding deficit of £62m on a technical provisions basis, and the next triennial valuation is due in four months. The trustee board has nine members: four member-nominated, four employer-appointed and one independent chair.

718 words, about 4 min 2

Motor Pricing: Limited Telematics Evidence and a Commercial Request

A mid-sized motor insurer has completed a re-rating exercise. The current combined ratio is 108%, and the technical pricing model indicates that an average rate increase of 11.5% is needed to reach a 96% target.

628 words, about 3 min 3

With-Profits Distribution: Estate Estimate, PRE and Stakeholder Pressure

A life insurer's with-profits fund has assets of £2.4bn and liabilities of £2.1bn on a realistic basis, implying a surplus of £300m. The fund is closed to new business, and 85% of policies are due to mature within 10 years.

607 words, about 3 min 4

Bancassurance Deal: Growth Target versus Conduct Risk

A life insurer is negotiating a 10-year exclusive bancassurance partnership with a regional bank. The bank wants simple, low-cost protection products sold through its 220 branches to 1.2 million retail customers and projects 180,000 policies in year one.

582 words, about 3 min 5

Climate Scenario Analysis: A One-Line Board Message

A general insurer's board is reviewing its climate risk position ahead of the January reinsurance renewal. The insurer writes £800m of property premium, of which 35% is in UK flood-exposed postcodes.

605 words, about 3 min