SOA Exam P Sample Question 63
Study guide: Exam P-1
An insurance company sells an auto insurance policy that covers losses incurred by a policyholder, subject to a deductible of 100. Losses incurred follow an exponential distribution with mean 300.
Calculate the 95^{\text{th}} percentile of losses that exceed the deductible.
- A) 600
- B) 700
- C) 800
- D) 900
- E) 1000
Answer this question and see the worked solution