Iran Official Insurance Actuary Exam case studies
Iran Official Insurance Actuary Exam · Put your knowledge to work in context.
The Iran Official Insurance Actuary Exam (آزمون رسمی اکچوئری بیمه ایران) is the professional credential examination for actuaries practising in the Iranian insurance market. It is intended for graduates in actuarial science, mathematics, statistics or related fields who wish to work as actuaries in insurers, reinsurers, the regulator (Bimeh Markazi Iran) or pension and social security institutions. The exam is delivered in Persian and tests a broad syllabus: probability and mathematical statistics, financial mathematics, life contingencies, non-life insurance mathematics and credibility, risk theory and ruin probability, insurance economics, Iranian insurance regulation and social security law, accounting and asset-liability management, and professional ethics and actuarial practice standards. Expect a mix of multiple-choice items and written calculation problems that require showing formulas and numerical work, not just final answers. The Iran Official Insurance Actuary Exam case studies are 5 cases and about 2,936 words.
1Credibility Pricing for a Large Group Personal Accident Renewal
An Iranian non-life insurer is pricing a group personal accident (GPA) cover for a 200-employee logistics company. The manual premium is IRR 12,000 million, built on a 55% target loss ratio.
658 words, about 3 min2Endowment Reserve Certification Under a Valuation-Basis Change
A life insurer sold a 20-year endowment policy to a male aged exactly 40. The sum assured is IRR 1,000,000,000, payable at the end of the year of death or on survival to age 60.
568 words, about 3 min3Ruin Probability and Proportional Reinsurance for Motor Claims
An Iranian motor insurer has initial surplus IRR 1,500,000 million and no reinsurance. Claim arrivals follow a Poisson process with annual intensity 80.
600 words, about 3 min4Telematics Discount Filing Under Iranian Motor Tariff Rules
An Iranian insurer wants to launch a 15% premium discount for third-party motor liability cover sold to fleets that install telematics. The current filed premium is IRR 12 million per vehicle-year, with a 65% target loss ratio.
527 words, about 3 min5Pressure to Reduce IBNR and Certify a Solvency Ratio
The chief actuary of an Iranian non-life insurer is finalising the annual reserve report. The best-estimate IBNR is IRR 900,000 million.
583 words, about 3 min