SOA PAPredictive Analytics

You are asked to predict whether a workers' compensation claim will exceed 100,000. The dataset includes 'total paid to date'. Explain whether to use this field and propose two legitimate alternatives.

A survey field is missing more often for young respondents than old respondents, but within each age group missingness is unrelated to the survey answer itself. This missingness mechanism is best described as:

Two predictors in a pricing dataset, vehicle age and vehicle value, have a correlation of 0.85. Explain the practical consequences of including both in a GLM without treatment, and propose two remedies.