Assumes knowledge from GI 101 Understand the structure and functions of a general insurance company. Describe the regulatory environment for general insurance. Understand tort law and insurance law with respect to its effect on general insurance. Understand elements of financial economics relevant to general insurance. Understand the elements of financial reporting for general insurance companies.…

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…