SOA FAMFundamentals of Actuarial Mathematics
Associateship (ASA)
3.5 hours (1.75h per half if split)·34 multiple-choice (17 + 17)·≈350 study hoursScore 0/0 · 11 MC
- FAM · Q1Multiple choiceFAM-S: Pricing & reserving for short-term insurance
An expected loss ratio of 0.65 was used to set current rates; the actual loss ratio for the period is 0.75. Using the loss-ratio method, calculate the indicated rate change.