IFoA Module 0 - Entry : IFoA_CAA_M0

  • Exam Code: IFoA_CAA_M0
  • Exam Name: Module 0 - Entry Exam
  • Updated: Jul 20, 2026     Q & A: 65 Questions and Answers

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IFoA IFoA_CAA_M0 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Describe the major simplifying assumptions underlying the models in 2(i)
  • Describe the operation of simple forms of proportional and excess of loss reinsurance
Topic 2
  • Apply the basic chain ladder method for completing the run-off triangle
  • Define the probability of ruin in infinite
  • finite and continuous
  • discrete time
Topic 3
  • Demonstrate how the basic chain ladder method can be adjusted to make explicitallowance for inflation
Topic 4
  • Explain the concepts of excesses, deductibles, and retention limits
  • Apply the average cost per claim method for estimating outstanding claim amounts
Topic 5
  • Explain what is meant by the aggregate claim process and the surplus process for a risk
  • Define the adjustment coefficient for a compound Poisson process
Topic 6
  • Derive the moment generating function of the sum of N independent random variables
  • Risk models involving fr equency and severity distributions
Topic 7
  • Define moments and moment generating functions
  • Calculate the adjustment coefficient for a compound Poisson process in simple cases

Reference: https://actuaries.org.uk/qualify/my-exams/certified-actuarial-analyst/

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