26.8 Past Exam Questions

TIA Exercise 4.1

  • TIA 1: System performance of insurance company

  • TIA 2: Manage u/w cycle to improve performance

  • TIA 3: Risk of setting apriori LR using historical for long tail LoBs

  • TIA 4: Op risk for comp structure for CEO

  • TIA 5: How to use KRI

  • TIA 6: Op risk to consdier when expanding business

TIA Exercise 4.2

  • TIA 7: How to react to competitors and avoid operational inertia

  • TIA 8: Why scenarios will be less detail than plan

  • TIA 9: Best practice of scenario planning

  • TIA 10: Advance scenario planning

  • TIA 11: Mango’s definition of strategic risk vs the OCC version

  • TIA 12: Categories of strategic risk

  • TIA 13: Essence of Mango’s definition of strategic risk

  • TIA 14: Categorize strategic and op risk

    • Op risk is mostly implementation and execution

    • Strategic risk is more decisions

TIA Exercise 5.4

  • TIA 15: difficulty with modeling price in insurance

  • TIA 16: Stewert’s u/w cycle stages

  • TIA 17: Definition of u/w cycle and how is it driven by competition and capital

  • \(\star\) TIA 18: Model underwriting cycle based on lag of information

  • TIA 19: VARMAX vs AR model

  • TIA 20: supply demand curve for firm vs market

  • TIA 21: Gron supply curve features

  • TIA 22: Industry capital flow graph features

  • TIA 23: Industry capital flow graph features

  • TIA 24: Soft vs technical approach of u/w cycle modeling

  • TIA 25: Drawback of technical approach

  • TIA 26: Delphi method

  • TIA 27: Formal Competitor Analysis for u/w cycle review

Past Exam

  • 2011 #20: Identify and describe op risk presented in sample

  • 2012 #22: Describe op-risk and identify op-risk in example

  • 2014 #25: Issue with bridging model and u/w cycle management to improve performance

  • \(\star\) 2015 #28: Op risk vs strategic risk and strategic risk faced by insurance companies

  • 2016 #22: ALM strategy to deal with u/w cycle

  • 2016 #26: Op risk with planned loss ratio and difficulty in seperating op risk from underwriting risk

  • 2016 #27: agency theory and problems when they’re not align, 4 actions to manage properly u/w cycle

26.8.1 Question Highlights

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