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 *uating 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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