2.3 Past Exam Questions

Concepts

  • 2006 - #16 b, c: GB method vs BF and dev

    • GB has lower MSE and gives weight to both a-priori and emerged

  • 2007 - #46 c,d: BF weight, BF drawback, GB advantages over BF

  • 2008 - #10 b-c: Comparison of methods and GB as credibility weight

  • 2013 - #4 b: GB approaches CL as more iterations are done

Simple Plug and play

  • 2004 - #31: GB method ultimate

  • 2005 - #16: GB method ultimate

  • 2006 - #16 a: GB method ultimate

  • 2007 - #46 a, b: BF weight, BF drawback, GB advantages over BF

  • 2012 - #1 a: GB BF Dev

  • \(\star\) 2014 - #5: Credibility weight methods from the Clark paper on LDF curve fitting

    • Weight to the Dev method is \((1-q_k)\)

  • TIA 1: Straight calculate

  • TIA 2: Back out numbers with formulas

Long calculation

  • \(\star \star\) 2016 - #1:

    1. Use GB with incremental LR projection

    2. Know the GB method extension theorem

    3. This is from Hurlimann equation with optimal credibility (3.1) and you need that additional assumption for the formula to work

Arithmetics

  • \(\star\) 2012 - #1 b (fig 2.1): Minor arithmetic

  • \(\star\) 2013 - #4 a: Back out LDFs with BF and GB methods

  • TIA 3: Long calc for all years reserve with BF and GB

2.3.1 Question Highlights

2012 Question 1

Figure 2.1: 2012 Question 1

2012 Question 1

Figure 2.1: 2012 Question 1