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MECE 003: ACTUARIAL ECONOMICS: THEORY AND PRACTICE

 

Section-A

Answer the following questions in about 700 words each. Each question carries 20 marks. 2X20=40

1. Discuss the important aspects of insurance sector that are regulated.

2. Describe the structure of a Dynamic Financial Analysis (DFA) model. While building a DFA model what practical issues will you consider for selecting the interest rate?

 

Section B

Answer the following questions in about 400 words each. Each question carries 12marks. 5X12=60

3. Explain the multi-period binary model of a forward contract. Discuss the Cox-Ross-Rubinstein model.

4. How do the modern theories of finance offer new valuation principles for unit-linked insurance?

5. Explain the Multiple Decrement Theory.

6. What is a ‘life annuity contract’? How is its ‘actuarial present value’ determined?

7. What is extreme value theory (EVT)? What are its limitations?

MECE-003 SOLVED ASSIGNMENT 2024-2025

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