Actuarial Notes

Exam DISC-DA Practice Question 213

Study guide: Exam DISC-DA

A claims model will flag, at first report, claims likely to exceed $50,000 incurred within 18 months of report. The extract is valued at 2025-06-30.

Claim Report date Incurred at 18 months Incurred at valuation
K1 2023-01-10 62,000 75,000
K2 2023-09-01 30,000 70,000
K3 2024-03-15 — 80,000
K4 2023-12-31 55,000 55,000

With the target defined consistently for every claim, how many rows does the training data have, and how many are positive?

  • A) 4 rows with 4 positives
  • B) 4 rows with 3 positives
  • C) 3 rows with 3 positives
  • D) 3 rows with 2 positives

Answer this question and see the worked solution

Concepts tested

More questions from this set