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### General Insurance Workshop Structure in detail?

General Insurance Actuarial Syllabus updated as of September 2020:

This workshop comprises of Pricing, Reserving, Solvency of General Insurance, 6 days course

1. Modelling of Solvency I
• Excel based modelling on how to find RSM i.e. Required solvency Margin
• Assessment will be conducted
2. Modelling of Reserves
• Excel based modelling based on two methods i.e. Chain ladder and Bornhuetter Ferguson method
• We will cover more practical aspects of both methods such as where they are useful and where not and how actuary uses his/her judgement
• Assessment will be conducted
3. Modelling of Pricing
• Here will pick the data from Motor Road accidents in India as per report by Government of India on the basis of that we will try to find the likelihood of motor accidents across various states of India and how it will impact our pricing
4. General Insurance Handbook for Interview preparation for technical rounds (we will give you that handbook as a complimentary gift and it contains all the answers to following topics)
• Bayesian Statistics
• Pricing of General Insurance
• Basics of Run off triangle
• Reserving of General Insurance
• Motor Insurance
• Excess vs Deductibles
• Reinsurance and its types
• Extraction of IBNER from IBNR
• Risk factors v Rating factors
• IBNR vs Case outstanding

5. We will give you one more handbook for free as a gift on Probability distribution for the following in layman terms:
• Uniform
• Bernoulli
• Binomial
• Poisson
• Geometric
• Negative Binomial
• Hyper geometric
• Gamma
• Exponential
• Beta
• T
• Chi-Square
• F
• Weibull
• Pareto
• Normal
• Standard Normal
• Lognormal
• Burr
6. HR Tips and Tricks

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Let's have a look at some frequently asked questions after the below image:)

Ques: Is this Workshop online ?

Ans: Yes, it is an online workshop where we will teach you all the topics mentioned above.

Ques: How can I join this workshop ?

Ans: You have to stay updated on our Linkedin or Instagram pages for upcoming batches.

Ques: Will I get the certificate on completion ?

Ans: Yes. But please note that if you are only here for certificate then we are sorry, we will not teach you. Because we believe in infusing the greatest knowledge among actuarial aspirants around the world. Interviewer will not ask you whether you have any certificate or not. He will judge you on the basis of knowledge that you possess.

Ques: How does this workshop works ?

Ans: On our Linkedin or Instagram pages you will find google forms to fill up after that

·         You will receive a call from us for any general query and for the payment

·         You have to install Zoom video calling software on your Laptop

·         We will share our screen and then will teach you everything on an hourly basis

·         Your doubts will be taken during the session

Ques: How many students will be in one batch ?

Ans: We believe in quality over Quantity, therefore we will not fill up one batch more than 15 students and focus on each and every single individual.

Ques: In which language do you teach ?

Ans: English

Ques: Is this Workshop Paid and how much is the fees ?

Ans: Yes, it’s a paid workshop and fees usually changes as per demand and supply concept but will always stays within reasonable amount. You will be happy to know that from this amount we used to pay fees for the actuarial students who are financially weak, we reimburse their examination and study material fees. 😊

Ques: How it will help me in finding my first Job ?

Ans: Workshop is designed in such a crisp manner that you will be able to understand the whole actuarial concept very easily and session will also be conducted on how to get the job. As on September 2020, we have taught around 330 students, out of which 230 got their actuarial Job

**** If you guys have any other general doubts, make sure to comment below and we will update our FaQs page*****

### Life Insurance Workshop Structure in detail

Life Insurance Syllabus updated as of September 2020:
1. Training on Solvency II Presentation basedCover all three pillars2. Modelling of Life Insurance Reserving exercise Perform Excel based modelling of Life insurance product that provides death, retirement and interval benefits3. Assessment of Modelling exercise A test will be conducted where the student has to prepare his own tool based on the data that we provide and then results will be checked4. Investment Analysis of Insurance product Excel based modellingIRR and feasibility of other better investment options will be analysed based on Investment model

5. Life Insurance Handbook will be given for lifetime consists of 11 articles based on: Life Insurance products in detailComplex products not mentioned in CT Series booksProfit testing, Profit signature6. Probability distribution for the following in layman terms: UniformBernoulliBinomialPoissonGeometricNegative BinomialHyper geometricGammaExponentialBetaTChi-SquareFWeibullParetoNormalSt…

### Do you know the types of risk faced by a General Insurance company ?

Better to understand some types of General Insurance product first.
Third party Insurance ( You are driving a car and caused an accident then third party will be indemnified)Aviation insurance ( related to Aeroplanes)Marine Insurance ( related to ships)Travel Insurance ( related to your travel journey)Cyber Risk Insurance (related to cyber attacks)Commercial property insurance (related to Fire in the house or any damage)Contents insurance (related to moveable property such as contents in your house : theft risk)and many more................
Some of the specific risks we are discussing today:
Motor Insurance
Claim frequencies being higher than expected Society becoming more aware about claiming under insurance so they are now more litigousRainy season which caused a lot of motor accidentFlood, storms, riotsor your Policy document wording is loose that you (i.e. Insurer) has to pay claims that you has not intend to do. (So, what happens is that you created a document regarding terms and con…

### Do you know the types of risk faced by a Life Insurance company ?

Hey GuysIf interviewer ask any case study question or any situation based question then try to role play that situation in your mind and then try to answer that question.
Risks: We can divide it into various types such asMarket risksCredit risksLiquidity risksOperational risksBusiness risksExternal risksIt will be quite theoretical but i will focus on some main risks for you guys in a layman terms.
Mortality risk: It is the risk of policyholder dying earlier than expected or more deaths occurred in a portfolio than expected.It will be a risk or not depends on the product that we as an insurer are selling into the marketFor ex, HDFC life insurance sells term assurance policy where the payout is based on the death of the policyholder within a given time.So, in this case company has a mortality risk that if policyholder dies within that period they have to pay the money
Longevity risk: It is the risk of policyholder dying later than expectedIt will be a risk or not depends on the product t…