Category: IC47A-1 CASUALTY ACTUARIAL SCIENCE PART 1 – 14

Que. 1 : Q1) If Year ending loss reserves are Rs. 4 lakhs Paid losses in the year are Rs. 8 lakhs Beginning loss reserves are Rs. 2 lakhs The incurred losses in a year are    1.  a) 4,00,000    2.  b) 6,00,000    3.  c) 8,00,000    4.  d) 10,00,000 Que. 2 : Q2) Process Risk is    1.  a) Risk associated with the selection […]