CAS Exam 6C Fall 2018, Question 17

Study guide: Exam 6C

Part a (0.5 points)

Define Events Not in Data (ENID) and briefly describe the purpose of ENID loading.

Part b (0.75 points)

Identify three elements to consider when determining an ENID loading.

Part c (0.75 points)

Briefly describe three reasons why it could be beneficial for an insurer to attempt to identify ENID.

Answer this question and see the worked solution

Concepts tested

• Events Not in Data
• Fulfilment Cash Flows
• Liability for Incurred Claims
• Catastrophe Risk

More questions from this set

• CAS Exam 6C Fall 2018, Question 16
• CAS Exam 6C Fall 2018, Question 18