SOA GIRRGeneral Insurance — Ratemaking & Reserving
Fellowship (FSA)
4 hours·10–12 written-answer questions·≈400 study hoursScore 0/0 · 6 MC
- GIRR · Q1Multiple choiceReinsurance & individual risk rating basics
A retrospectively rated policy has basic premium 20,000, converted (loss-conversion-factor-applied) losses of 50,000, and a maximum premium of 120,000. The loss conversion factor is already embedded in the converted losses. Calculate the retro premium before applying the maximum.
- GIRR · Q2Written answerReinsurance & individual risk rating basics
Distinguish experience rating from schedule rating for individual risk pricing, and explain why a very small account is typically not eligible for experience rating.