FellowshipIC-47 · 2007 Edition
Foundations of Casualty Actuarial Science (Part I)
Insurance Institute of India — Fellowship Examination
Based on the Casualty Actuarial Society text Foundations of Casualty Actuarial Science. Covers the foundations of casualty actuarial science — the role of the actuary, risk theory, ratemaking (pure premium and loss ratio methods, trending, loss development and increased limits), individual risk rating (experience and retrospective rating), loss reserving (chain ladder and Bornhuetter-Ferguson) and risk classification.
✓6 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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402verified practice questions
Across 6 chapters — every question reviewed and exam-aligned.
| Chapter | Chapter Name | Questions |
|---|---|---|
| 1 | Introduction to Casualty Actuarial Science | 67 |
| 2 | Risk Theory | 67 |
| 3 | Ratemaking | 67 |
| 4 | Individual Risk Rating | 67 |
| 5 | Loss Reserving | 67 |
| 6 | Risk Classification | 67 |
1 Mock Test
•100 random questions
•120 minutes
•Fresh questions every attempt
Draws from all 402 questions across every chapter, so no two attempts are the same.
Chapters in this module
1. Introduction to Casualty Actuarial Science • 67 MCQs
2. Risk Theory • 67 MCQs
3. Ratemaking • 67 MCQs
4. Individual Risk Rating • 67 MCQs
5. Loss Reserving • 67 MCQs
6. Risk Classification • 67 MCQs
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