IGNOU MECE-003: Actuarial Economics: Theory and Practice Solved Assignment (TMA) June/December 2020 online solution @9643289714
Course Code: MECE-003
Assignment Code: MECE-003/AST/2019-20
Maximum Marks: 100
Note: Answer all the questions. While questions in Section A carry 20 marks each (to be answered in about 500 words each) those in Section B carry 12 marks each (to be answered in about 300 words each). In the case of numerical questions word limits do not apply.
Section A
1) Discuss the theoretical rationale behind ‘unit-linked insurance contracts’ with a specific reference to case of no guarantee.
2) How are benefit reserves for life insurance and annuities determined? Discuss.
Section B
3) State Markov’s theorem with examples. What condition should the random variable R possess for this result?
4) Define ‘survival function’. How is a ‘hazard function’ defined?
5) How is ‘ruin probability’ a classical risk measure? Explain.
6) What is ‘dynamic functional analysis’ (DFA)? What are the practical issues you would consider for selecting the interest rate in a DFA model?
7) Write short notes on: (a) Compound-Poisson Process; (b) Black-Scholes Theorem; (c) Panjer Recursion; (d) Risk neutral evaluation.
Looking for Solved Ignou Assignment above questions in good manner please click here or contact us on 9643289714
Course Code: MECE-003
Assignment Code: MECE-003/AST/2019-20
Maximum Marks: 100
Note: Answer all the questions. While questions in Section A carry 20 marks each (to be answered in about 500 words each) those in Section B carry 12 marks each (to be answered in about 300 words each). In the case of numerical questions word limits do not apply.
Section A
1) Discuss the theoretical rationale behind ‘unit-linked insurance contracts’ with a specific reference to case of no guarantee.
2) How are benefit reserves for life insurance and annuities determined? Discuss.
Section B
3) State Markov’s theorem with examples. What condition should the random variable R possess for this result?
4) Define ‘survival function’. How is a ‘hazard function’ defined?
5) How is ‘ruin probability’ a classical risk measure? Explain.
6) What is ‘dynamic functional analysis’ (DFA)? What are the practical issues you would consider for selecting the interest rate in a DFA model?
7) Write short notes on: (a) Compound-Poisson Process; (b) Black-Scholes Theorem; (c) Panjer Recursion; (d) Risk neutral evaluation.
Looking for Solved Ignou Assignment above questions in good manner please click here or contact us on 9643289714
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