IGNOU MECE 003 Solved Assignment 2023-24 Pdf Download

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First question of this assignment;

  • How is pricing done in the case of Unit-Linked Insurance Contracts? Explain with particular reference to cases of (i) no guarantee and (ii) guaranteed benefit.
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IGNOU MECE 003 Assignment 2023-24 Question Paper

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1. How is pricing done in the case of Unit-Linked Insurance Contracts? Explain with particular reference to cases of (i) no guarantee and (ii) guaranteed benefit.
2) What is meant by Stochastic Claims Reserving? Discuss this in the contexts of (i) Chain-Ladder Models and (ii) Over-Dispersed Poisson Model.
Section B
Answer the following questions in about 400 words each. Each question carries 12 marks.
3) What are Mean Reversion Models? How is this different from Mean Reversion Jumps Models?
4) Distinguish between ‘Stop-Loss Reinsurance’ and ‘Excess of Loss Reinsurance’.
5) Write a note on ‘Yield Curves’ with examples.
6) Discuss the concept of Maximum Domain of Attraction (MDA) with examples.
7) What are ‘non-catastrophic losses’? How is the ‘total loss amount’ in respect of such a loss determined?

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