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M.E.C.E - 003
Actuarial Economics: Theory and Practice IGNOU MECE 003
Solved Assignment 2023-24
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NOTE: All questions are compulsory.
Section A
Q1) How is pricing done in the case of Unit-Linked Insurance Contracts?
Explain with particular reference to cases of (i) no guarantee and (ii)
guaranteed benefit.
Q2) What is meant by Stochastic Claims Reserving? Discuss this
in the contexts of (i) Chain-Ladder Models and (ii) Over-Dispersed Poisson
Model.
Section B
Q3) What are Mean Reversion Models? How is this different from
Mean Reversion Jumps Models?
Q4) Distinguish between ‘Stop-Loss Reinsurance’ and ‘Excess of
Loss Reinsurance’.
Q5) Write a note on ‘Yield Curves’ with examples.
Q6) Discuss the concept of Maximum Domain of Attraction (MDA)
with examples.
Q7) What are ‘non-catastrophic losses’? How is the ‘total loss
amount’ in respect of such a loss determined?
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MECE 003 Solved Assignment English Medium 2023-24 The Indira Gandhi National
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