IAI SP7 case studies
IAI SP7 · Put your knowledge to work in context.
SP7 - General Insurance Reserving and Capital Assessment is a Specialist Principles subject in the Institute of Actuaries of India (IAI) actuarial examination. IAI is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of the profession of actuaries in India, and it publishes the syllabus, study material and past question papers and solutions for its actuarial examinations. The IAI SP7 case studies are 5 cases and about 2,324 words.
1Motor Third-Party Reserve Review After Court Award Inflation
An Indian general insurer is valuing motor third-party (MTPL) liabilities at 31 March 2025. For accident year 2022, incurred claims are ₹420 crore at 12 months, ₹560 crore at 24 months and ₹640 crore at 36 months; paid claims at 36 months are ₹300 crore and case reserves are ₹180 crore.
501 words, about 3 min2Partial Internal Model for Catastrophe Risk
An insurer uses a partial internal model for property catastrophe risk and the standard formula for all other risks. The board's risk appetite is a 99.5% one-year VaR and a capital coverage target of 1.8 times the required solvency margin; the current ratio is 1.85.
473 words, about 2 min3Reinsurance Side Letter and Risk Transfer on Motor Portfolio
A general insurer enters into a 40% quota share of its motor own-damage and third-party portfolio for 2025-26. The reinsurance agreement includes a 20% profit commission, an experience account, and a commutation clause.
447 words, about 2 min4Ind AS 117 Transition: Onerous Motor Group and Risk Adjustment
An Indian general insurer is preparing its first Ind AS 117 financial statements. A group of motor third-party policies is expected to be onerous.
461 words, about 2 min5Reserve Range, Board Pressure and Subsequent Event
At 31 December 2024 a general insurer's net reserve point estimate is ₹850 crore, with an actuarial range of ₹790 crore to ₹940 crore. The booked reserve is ₹850 crore.
442 words, about 2 min