CAS Exam 5 Spring 2017, Question 1

Study guide: Exam 5

An insurance company portfolio consists of the following:

• 1,000 two-year policies with an effective date of April 1, 2015.
• 1,000 one-year policies with an effective date of July 1, 2015.

Part a (0.75 points)

Calculate the following for calendar year 2015:

i. Written exposures ii. Earned exposures

Part b (0.5 points)

Calculate the earned exposures for calendar year 2016.

Answer this question and see the worked solution

Concepts tested

• Earned Exposure
• Exposure Base
• Calendar Year

More questions from this set

• CAS Exam 5 Spring 2017, Question 2