SOA ATPAAdvanced Topics in Predictive Analytics

Associateship (ASA)

Multi-hour assessment·Project-based·≈120 study hours

Score 0/0 · 6 MC

ATPA · Q1
Written answer
Model governance, fairness & communication
List the key elements ASOP 56 expects an actuary to address when relying on a predictive model built by others.
ATPA · Q2
Multiple choice
Model governance, fairness & communication
A model selects 40% of applicants in demographic group A and 50% in group B for a favorable outcome. Calculate the disparate-impact ratio and state whether it passes the commonly cited 80% rule.
ATPA · Q3
Written answer
Model governance, fairness & communication
Outline the key stages of a model risk management framework (such as SR 11-7 style guidance) that an actuary relying on a third-party predictive model should expect to see documented.