FellowshipIC-47 · 2007 EditionActuarial: pick at least one

Foundations of Casualty Actuarial Science (Part I)

Insurance Institute of India: Fellowship Examination

One of eight actuarial papers for Fellowship. 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)
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402verified practice questions

Across 6 chapters, every question reviewed and exam-aligned.

ChapterChapter NameQuestions
1Introduction to Casualty Actuarial Science67
2Risk Theory67
3Ratemaking67
4Individual Risk Rating67
5Loss Reserving67
6Risk Classification67
1 Mock Test
•100 random questions
•120 minutes
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Draws from all 402 questions across every chapter, so no two attempts are the same.

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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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