GI 101

  • Understand key considerations and key concepts underlying general insurance actuarial work.
  • Demonstrate the ability to prepare claims and exposure data for general insurance actuarial work.
  • Know how to calculate and evaluate projected ultimate values.
  • Understand financial reporting of claim liabilities with respect to unpaid unallocated loss adjustment expenses.
  • Understand trending procedures as applied to ultimate claims, exposures and premiums.
  • Apply the fundamental ratemaking techniques of general insurance.
  • Define an approach for actuarial analyses supporting financial reporting and ratemaking analyses under various real-life scenarios.
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