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CAN SOME ONE HELP THIS LADY >>>>

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  • CAN SOME ONE HELP THIS LADY >>>>

    Que.1 Individual claim amounts from a non-life insurance portfolio have an Exponential distribution with parameter 0.00006. The insurer arranges an excess of loss reinsurance treaty with a retention limit of $50000 on any claim for this portfolio, so that the insurer pays the whole of a claim if it is $50000 or less but pays only $50000 for any claim which exceeds this amount. If an individual has two policies find the following:

    (i) The probability that the reinsurance will involve in respect of claims under both policies.
    (ii) The total claims under both policies is less then $50000.


    Que. 2 The individual claim size from an insurer’s portfolio has a log-normal distribution with parameters (10, 0.81). The insurer is considering taking an excess of loss reinsurance treaty with retention level of $40000. Find the mean of the net claims payable by the insurer.

    (i) without reinsurance treaty
    (ii) with reinsurance treaty

    Que. 3 Claims from a portfolio are believed to have a Pareto Distribution with parameters (8, 2000). An excess of loss reinsurance treaty is arranged with a retention limit of $900. Inflation is a constant 10% per annum. Find the following :
    (i) The mean amount payable by the insurer without allowing for inflation.
    (ii) The mean amount payable by the insurer allowing for inflation


    Quick reply appreciable

  • #2
    Next time.......

    It would help if you'd pick one place to post this (the "ask the professor" forum was a good start, one of the exam-related forums probably would have been better) instead of posting it in multiple places. This forum is more for general questions about the actuary field and such - not for exam questions.
    "You better get to living, because dying's a pain in the ***." - Frank Sinatra

    http://www.hockeybuzz.com/blogger_ar...blogger_id=174 - where I talk about the Blues and the NHL.

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