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北美精算师往年SOA大纲要点November2003Course8G（五）

来源：高顿网校 2014-08-19

　　下面是高顿网校小编8月19日下午3点25分精心准备的北美精算师往年SOA大纲要点November2003Course8G（五），不得不看的经典讲义哦。
　　17. (8 points) You are the consulting actuary for Company XYZ, which implemented a

　　flexible benefits plan two years ago. Expenses and taxes are 15% of claim costs and are

　　paid by Company XYZ.

　　You are provided the fo llowing data for the most recent plan year:

　　Option

　　Dependent Status

　　Participation

　　Price

　　Average

　　Claims Cost

　　Credits

　　A No Dependents 175 $290 $175 $400

　　A With Dependents 75 $575 $350 $700

　　B No Dependents 150 $465 $420 $400

　　B With Dependents 200 $1,045 $945 $700

　　Total 600

　　(a) Calculate the employer and employee cost for each combination of option and

　　dependent status, and in total for the medical benefits. Show your work.

　　(b) Company XYZ is considering a change to its credit structure for the upcoming

　　year so that all employees receive the same credit amount. Assume a trend rate of

　　10% for claim costs, employee costs, and employee prices. Calculate the

　　resulting credits for next year for the family credit and the average credit

　　approaches. Show your work.

　　(c) Determine winners and losers under each option and dependent status for the

　　family credit and average credit approaches. Show your work.

　　(d) Outline considerations you would present to Company XYZ to help them make a

　　decision regarding which credit structure to implement.

　　18. (6 points) You are the product development actuary for Yancanuck Insurance, a

　　multinational insurer operating in the US and Canada. You have been asked to write a

　　report on LTC in the US and Canada. The report sho uld address the topics of

　　underwriting, plan design, taxes, benefit triggers, and market receptivity.

　　Compare and contrast Group and Individual products in the two countries addressing the

　　above topics.

　　COURSE 8: Fall 2003 -13- GO TO NEXT PAGE

　　Health and Group Life Segment

　　Afternoon Session

　　19. (6 points) ABC Life Company sells a supplemental cancer product through mass mailings

　　targeted at professional association groups. The majority of the products pay a fixed

　　daily amount, subject to an annual limit.

　　You have been asked to revamp the product offerings to meet management profit targets

　　of 10%. Profits are defined as return on total capital requirements including the use and

　　release of free statutory surplus. The previous generations of cancer products were priced

　　at an 8% profit target.

　　Actual financial results and pricing parameters, presented below, have produced different

　　profit patterns compared to the test launch.

　　You are concerned about performance against several assumptions:

　　(i) morbidity and persistency

　　(ii) fixed versus variable expenses

　　(iii) overall profitability

　　Evaluate performance with regard to these assumptions and identify factors which may

　　have contributed to these financial results.

　　Results of Direct Marketing Launch

　　Test Actual

　　Profit Target 10% 10%

　　PV gross premiums $115,494 $711,552

　　PV incurred claims $68,948 $430,517

　　PV ongoing admin expenses $24,122 $197,731

　　PV commissions $3,416 $37,517

　　Initial marketing expenses $7,458 $86,569

　　PV profit stream of free earnings released $4,173 ($74,147)

　　(see next page)

　　COURSE 8: Fall 2003 -14- GO TO NEXT PAGE

　　Health and Group Life Segment

　　Afternoon Session
　　诚实是力量的一种象征，它显示着一个人的高度自重和内心的安全感与尊严感。——高顿网校名人哲理

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