GI 301
- Assumes knowledge from GI 101
- Use stochastic loss development models to estimate reserve variability.
- Understand the considerations in the development of losses for excess limits and layers.
- Estimate premium liabilities.
- Understand the considerations in selecting a risk margin for unpaid claims.
- Apply methods to monitor actual versus expected experience.
- Understand and apply ratemaking techniques for the following situations: classification ratemaking, deductible options, increased limit options, claims-made policies and individual risk rating.
- Demonstrate knowledge of reinsurance topics including the issues encountered when performing a reserve analysis on reinsurance, how to apply the fundamental techniques of reinsurance pricing and risk transfer testing of reinsurance contracts.
- Understand catastrophe modeling output and the allocation of catastrophe risk loads among accounts.
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