Actuarial Science Examination-Foundations of Casualty Actuarial Science-Part II Papers


Paper Pattern

This particular paper has both subjective as well as objective kind of question in it. The first question has 15 objective type questions in it which come with multiple choices. There are 7 questions left in the paper. Out of these 7 questions, 5 questions will be bifurcated into sub parts unlike the other two. The trick of the paper lies in the fact that no choices are being made available. All the questions are compulsory to attempt. Short notes are also asked to be attempted in this paper. 2 short note type questions are given. 1 numerical type problem is certain to come and generally it is based on data analysis.

Time Duration For The paper

Three hours are given to attempt the whole paper.

Marks Allotted

The objective type questions are for 2 marks each. As there are 15 questions in this pattern the total value of the objective part is 30. 10 marks are considered as the highest mark for the subjective type question and short notes are for 5 marks each. After the first question consisting of the entire objective questions are finished only 7 questions remain left. Each being of 10 marks including the short notes, make the total score of the paper to be 100.

Frequently Asked Questions

Questions may come from concept of facultative certificate; faculty certificate pricing, net worth of in the context of general insurance company etc. You can be asked the formula of CAPM or the reinsurance loss reserving. Expected values of variance, internal rate of return, immunisation, various form of reinsurance treaty are also repeated kind of questions.

Recommended Books

  • Charles L. Trowbridge written Fundamental Concept of Actuarial Science and
  • Actuarial Science: an elementary manual by Glen, Ninian.

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2 Responses to “Actuarial Science Examination-Foundations of Casualty Actuarial Science-Part II Papers”

  1. 2
    Lalit Galati:

    How can I attempt this exam?

  2. 1

    Good morking sir/madam am Bcom final year student,am having maths background at I eligible to do ACTUARIAL SCIENCE in MBA pls suggest me sir/madam kindly