Scribd Logo
Încărcați

Bine ați venit la Scribd!

  • Model Examination - 2019-20 Risk Models (Th16I07) Time: 3 Hrs Max Marks: 100 SECTION - A (11 2 22) Answer All The Questions

    Încărcat de

    skirubaarun
    76 vizualizări2 pagini
    This document contains a model examination for risk models with 3 sections - Section A containing 11 short answer questions, Section B containing 5 long answer questions, and Section C containing 4 long answer questions. The document tests knowledge of key risk modeling concepts like Bayes' theorem, prior and posterior distributions, stochastic models, loss distributions, reinsurance terms like excess of loss and stop loss, probability distributions like Poisson, Weibull, and Pareto. Questions require students to apply these concepts to calculate probabilities, explain different reinsurance arrangements, and assess probabilities based on experimental data.

    Descriere originală:

    Model Question paper for Research Methodology Set -2

    Titlu original

    rm model set 2

    Drepturi de autor

    © © All Rights Reserved

    Formate disponibile

    DOCX, PDF, TXT sau citiți online pe Scribd

    Vi se pare util acest document?

    Este necorespunzător acest conținut?

    Raportați acest document
    This document contains a model examination for risk models with 3 sections - Section A containing 11 short answer questions, Section B containing 5 long answer questions, and Section C containing 4 long answer questions. The document tests knowledge of key risk modeling concepts like Bayes' theorem, prior and posterior distributions, stochastic models, loss distributions, reinsurance terms like excess of loss and stop loss, probability distributions like Poisson, Weibull, and Pareto. Questions require students to apply these concepts to calculate probabilities, explain different reinsurance arrangements, and assess probabilities based on experimental data.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    76 vizualizări2 pagini

    Model Examination - 2019-20 Risk Models (Th16I07) Time: 3 Hrs Max Marks: 100 SECTION - A (11 2 22) Answer All The Questions

    Încărcat de

    skirubaarun
    This document contains a model examination for risk models with 3 sections - Section A containing 11 short answer questions, Section B containing 5 long answer questions, and Section C containing 4 long answer questions. The document tests knowledge of key risk modeling concepts like Bayes' theorem, prior and posterior distributions, stochastic models, loss distributions, reinsurance terms like excess of loss and stop loss, probability distributions like Poisson, Weibull, and Pareto. Questions require students to apply these concepts to calculate probabilities, explain different reinsurance arrangements, and assess probabilities based on experimental data.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 2

    III B.

    COM (AM) SEMESTER-VI


    MODEL EXAMINATION -2019-20
    RISK MODELS (TH16I07)
    Time: 3 Hrs Max Marks: 100

    SECTION - A (11*2=22)
    ANSWER ALL THE QUESTIONS
    1. State the Bayes Theorem?(K1)
    2. What is Prior distribution?(K1)
    3. What is Posterior distribution?(K1)
    4. Define stochastic model?(K2)
    5. What are the purposes for which general insurance companies need to apply
    mathematical techniques?(K2)
    6. What are loss distributions according to general insurance companies and why are
    they used?(K2)
    7. What element of risk does a typical motor insurance policy comprise of?(K2)
    8. What does S denote in basic risk model?(K1)
    9. State the mean and variance of S(K1)
    10. What is stop loss reinsurance(K1)
    11. What is saddle point?(K1)
    SECTION B (5*6=30)
    ANSWER ANY 5 QUESTIONS
    12. Describe weibull distribution?(K2)
    13. Explain excess of loss in reinsurance with respect to insurer?(K2)
    14. If X ~ Poisson() and Y ~ Poisson(µ ) are independent random variables, find the
    probability function of Z X Y using convolutions.(K3)
    15. Explain non-proportional reinsurance .(K2)
    16. Comment “Is a zero sum game a fair game”(K3)
    17. Why is a strategy required for a player ? define and describe randomized
    strategies(K2)
    SECTION C
    ANSWER ANY 4 QUESTIONS (4*12=48)
    18. You bought a box of light bulbs from a market stall a few months ago. You know that
    the bulbs are all either short-life bulbs with a mean life of 500 hours or long-life bulbs
    with a mean life of 2,500 hours, but you cannot tell which because there was no label
    on the box. As you have not shopped at this stall before, you initially have no opinion
    as to whether you have been sold long-life bulbs or the cheaper alternative.
    After approximately 300 hours, the 5 bulbs you have been using are all still going.
    Assuming that the life of an individual light bulb has an exponential distribution, how
    would you now assess the probability that you bought long-life bulbs?(K2)

    19. What are proportional and non - proportional reinsurance and how do they operate?
    (K2)
    20. How does claim inflation affect reinsurance arrangement. Solve the following
    An insurer has a basic excess of loss reinsurance arrangement in place. If gross claims
    inflate by a factor of k , would you expect the insurer’s mean claim amount to inflate
    bya factor that is more or less than k ? What about the reinsurer’s mean claim
    amount?Assume that the retention limit remains constant.(K3)
    21. Prove the sums of compound poisson distribution.(K3)
    22. Discuss generalised pareto and gamma distributions(K2)
    23. What are the differences between collective and individual risk models?(K2)

    S-ar putea să vă placă și