CAS Exam 5 Spring 2015, Question 6

Study guide: Exam 5

Discuss the appropriateness of applying each of the following data aggregation methods to the given line of business:

Part a (0.5 points)

Calendar Year Aggregation for Auto Physical Damage

Part b (0.5 points)

Policy Year Aggregation for Homeowners

Part c (0.5 points)

Report Year Aggregation for Medical Professional Liability

Answer this question and see the worked solution

Concepts tested

• Ratemaking Data Organization
• Underwriting Changes
• Line of Business
• Calendar Year
• Policy Year
• Report Year
• Short Tail Insurance
• Long Tail Lines

More questions from this set

• CAS Exam 5 Spring 2015, Question 5
• CAS Exam 5 Spring 2015, Question 7