This course explores the application of essential actuarial principles and techniques in the pricing of general insurance and reinsurance products. You will gain a thorough understanding of how pricing is connected to various business processes within a general insurance company.
| PAPER PATTERN |
| General Insurance: Pricing (SP8) |
Computer-based exams using Word |
| 3 hours 20 minutes each |
Topics and Weightage:
1. General insurance products and general business environment [25%]
2. Data, risks and risk management [25%]
3. Rating bases and methodology [35%]
4. Credibility, reinsurance and catastrophe modelling [15%]
IAI: 50%
*Fixed rate
IFoA: 56% -65%
*Its not fixed, cut off rates are announced in each term