DiplomaA-03 · 2016 Edition
Basic Ratemaking
Insurance Institute of India: Diploma Examination
Specialised Diploma on Casualty Actuarial Science. Practice questions for III paper A-03 Basic Ratemaking: exposures, premium, losses, expenses, overall indication, classification, credibility, implementation and claims-made ratemaking. 448 questions with worked explanations, Medium and Hard.
✓16 chapters✓Chapter-wise practice tests✓1 full mock test (100 multiple choice questions · 2 hrs)✓Personalised study recommendations✓Subject tutor (available after purchase)
Individual module
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448verified practice questions
Across 16 chapters, every question reviewed and exam-aligned.
| Chapter | Chapter Name | Questions |
|---|---|---|
| 1 | Introduction | 28 |
| 2 | Rating Manuals | 28 |
| 3 | Ratemaking Data | 28 |
| 4 | Exposures | 28 |
| 5 | Premium | 28 |
| 6 | Losses and LAE | 28 |
| 7 | Other Expenses and Profit | 28 |
| 8 | Overall Indication | 28 |
| 9 | Traditional Risk Classification | 28 |
| 10 | Multivariate Classification | 28 |
| 11 | Special Classification | 28 |
| 12 | Credibility | 28 |
| 13 | Other Considerations | 28 |
| 14 | Implementation | 28 |
| 15 | Commercial Lines Rating Mechanisms | 28 |
| 16 | Claims-Made Ratemaking | 28 |
1 Mock Test
•100 random questions
•120 minutes
•Fresh questions every attempt
Draws from all 448 questions across every chapter, so no two attempts are the same.
Chapters in this module
1. Introduction • 28 MCQs
2. Rating Manuals • 28 MCQs
3. Ratemaking Data • 28 MCQs
4. Exposures • 28 MCQs
5. Premium • 28 MCQs
6. Losses and LAE • 28 MCQs
7. Other Expenses and Profit • 28 MCQs
8. Overall Indication • 28 MCQs
9. Traditional Risk Classification • 28 MCQs
10. Multivariate Classification • 28 MCQs
11. Special Classification • 28 MCQs
12. Credibility • 28 MCQs
13. Other Considerations • 28 MCQs
14. Implementation • 28 MCQs
15. Commercial Lines Rating Mechanisms • 28 MCQs
16. Claims-Made Ratemaking • 28 MCQs
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