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November2001北美精算师SOA真题Course8G（第三课）

来源：高顿网校 2014-08-25

　　赶紧鼠标点击进来学习——November2001北美精算师SOA真题Course8G（第三课）
　　12. (6 points) You are an actuary for a large reinsurer. You have been asked to provide

　　Company ABC with a reinsurance quote. Company ABC is a medium size disability

　　company which has recently developed a new LTC product and recently acquired a group

　　major medical block of business. In recent years, Company ABC has been unable to

　　achieve its corporate profit objectives.

　　(a) Identify the reinsurer’s underwriting considerations in evaluating whether to offer

　　a reinsurance program to Company ABC.

　　(b) Describe the sources of risk inherent in each of Company ABC’s product lines.

　　(c) Design a reinsurance program for Company ABC that will address the sources of

　　risk for each of Company ABC’s product lines. Justify each recommendation.

　　13. (5 points) You are the group benefit consultant for a U.S. company that offers different

　　managed care plans to its employees. Over the last few years, the employer has noticed

　　that costs have increased rapidly and that employee dissatisfaction is growing. You have

　　to prepare a report to explain a substantial increase in premium rates.

　　(a) Describe the major drivers of consumerism in the health care industry.

　　(b) Describe other current managed care trends and indicate which of these might

　　contribute to the cost increase.

　　(c) Describe approaches the employer could use to mitigate this rate increase.

　　COURSE 8: November 2001 -10- GO ON TO NEXT PAGE

　　Health and Group Life Segment

　　Afternoon Session

　　Question 14 pertains to the Case Study

　　14. (13 points) You are a pricing actuary in the GLTD division of Wonderful Life. As a

　　result of Wonderful Life’s recent marketing campaign, an employer, KGS Industries, has

　　requested a quote on both group LTD and group life coverage. KGS is interested in

　　coverage for employees in both its local home office and its large manufacturing

　　subsidiary in the country of Koganistan.

　　Group Long Term Disability

　　? Non-contributory plan;

　　? Benefits equal to 60% of salary;

　　? Six month elimination period;

　　? Five year benefit period;

　　? No benefit offsets.

　　Group Life

　　? Two-times-salary benefit;

　　? Noncontributory plan.

　　Information on KGS‘s home office employees is shown below:

　　Number of

　　Employees

　　Employee Age Annual Salary per

　　Employee

　　100 32 $30,000

　　200 42 $40,000

　　100 52 $50,000

　　The Koganistan subsidiary has 15,000 employees with an average age of 35. Koganistan

　　has no insurance regulations. Inflation has been approximately 25% per year and the

　　unemployment rate is currently 15%.

　　COURSE 8: November 2001 -11- GO ON TO NEXT PAGE

　　Health and Group Life Segment

　　Afternoon Session

　　14. Continued

　　Using information from the case study,

　　(a) (7 points) Assuming all KGS‘s home office employees are male and that KGS‘s

　　industry and all other applicable rating factors equal 1.00;

　　(i) Calculate the annual GLTD base premium using Wonderful Life‘s GLTD

　　rating manual. Assume 0% interest and assume you can use annualized

　　termination rates.

　　(ii) Recalculate the annual GLTD base premium under the assumption that

　　each employee receives $500 of other monthly disability income which is

　　directly offset from the Group LTD benefit.

　　(iii) Calculate KGS‘s aggregate group life premium using Wonderful Life‘s

　　manual rate structure. Assume 2001 expense levels remain at the year

　　2000 levels.

　　(b) (3 points) With regard to KGS‘s requested rate quote for its employees in

　　Koganistan:

　　(i) Assess whether the benefit plans requested are appropriate for the

　　Koganistan employees;

　　(ii) Outline changes to plan design and plan provisions that can be

　　implemented to limit Wonderful Life‘s risk exposure in Koganistan; and

　　(iii) Describe possible sources of mortality and morbidity information you

　　might consider using in pricing this case.

　　(c) (3 points) You have been asked to calculate statistics to help market the Group

　　LTD product to KGS‘s home office employees.

　　(i) Compute the probability that a 27-year-old male will be disabled for

　　more than 6 months at some point prior to age 65. Assume that the rates

　　at central quinquennial ages apply throughout the quinquennial age

　　bracket (i.e., the rate for age 27 applies to all ages 25-29, etc.); and

　　(ii) Calculate the duration from date of disability at which half of newly

　　disabled 27-year-old males will have recovered. Assume a six-month

　　elimination period.

　　COURSE 8: November 2001 -12- GO ON TO NEXT PAGE

　　Health and Group Life Segment

　　Afternoon Session
　　成功不要紧，失败不致命。继续前行的勇气，才最可贵。——高顿网校做人原则

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