Podcast
Questions and Answers
According to the general issues, what should you concentrate all your time and effort on?
According to the general issues, what should you concentrate all your time and effort on?
- Nurture fear on any subject.
- Part 1 @ the detriments of Parts B & C (Diploma & Advanced) (correct)
- Start each question on a fresh page
According to the general issues, what should you start doing early?
According to the general issues, what should you start doing early?
- Write after invigilators have declared "time-up"
- Read and follow instructions clearly
- Start studying for the next diet early (from November/December for April diets and May for October diets) (correct)
What types of answers are to be written on the answer booklet?
What types of answers are to be written on the answer booklet?
All answers are to be written on the answer booklet(s) supplied in accordance with the provided instructions.
Three hours are allowed for this paper.
Three hours are allowed for this paper.
You may write on the question paper.
You may write on the question paper.
Where should the answer booklet be handed over?
Where should the answer booklet be handed over?
Is a formula sheet issued for this paper?
Is a formula sheet issued for this paper?
In A01, what should you answer all questions in?
In A01, what should you answer all questions in?
Flashcards
Facultative Reinsurance
Facultative Reinsurance
Placement and acceptance of business on an individual basis.
Normal Distribution
Normal Distribution
A continuous probability distribution symmetrical around the mean.
Mean, Median, Mode Relationship
Mean, Median, Mode Relationship
Mean - Mode = 3(Mean - Median).
Quantitative Sampling Techniques
Quantitative Sampling Techniques
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Risk in Insurance
Risk in Insurance
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Moral vs Physical Hazard
Moral vs Physical Hazard
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Risk Identification
Risk Identification
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Data Presentation Methods
Data Presentation Methods
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Underwriting
Underwriting
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Original Gross Rate (OGR)
Original Gross Rate (OGR)
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Ceding Commission
Ceding Commission
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Pooling Arrangement
Pooling Arrangement
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Reinsurance Buyers
Reinsurance Buyers
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Surplus Treaty
Surplus Treaty
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Claims Department
Claims Department
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Interest of Reinsurance
Interest of Reinsurance
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Regression Analysis
Regression Analysis
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Statistical Data for Reinsurance
Statistical Data for Reinsurance
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Commission Adjustment Statement
Commission Adjustment Statement
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Risk Analysis
Risk Analysis
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Claims Procedure Steps
Claims Procedure Steps
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Underwriting Authority
Underwriting Authority
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Cash-Flow Needs
Cash-Flow Needs
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Merit Basis
Merit Basis
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Risk Retention Limit
Risk Retention Limit
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Statistical Sources in Reinsurance
Statistical Sources in Reinsurance
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Financial Rating Agencies
Financial Rating Agencies
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Sampling Techniques
Sampling Techniques
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Claims Administration
Claims Administration
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Underwriting Process
Underwriting Process
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Retention Requirement
Retention Requirement
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Study Notes
Chartered Insurance Institute of Nigeria Chief Examiners' Report
- Report title: Chief Examiners' Report
- Report date: April 2022
- Exam type: Associateship (A01-A09)
- Page count: 153 pages
General Related Issues to Watch Out For in Future Sittings
- DO'S:
- Start studying early (November/December for April exams, May for October exams)
- Start each question on a new page.
- Read and follow instructions carefully (download and review student instructions from website).
- Master the art of intelligent answers by using provided exam tips and concentrate on questions offering more marks.
- Attend the annual students' forum.
- DON'TS:
- Focus entirely on Part 1 to the detriment of Parts B & C (Diploma & Advanced).
- Write after the invigilator has announced time up.
- Write your name on the answer script.
- Let fear of a subject prevent you from doing well. Mastering all subjects is achievable.
Risk Regulation and Capital Adequacy
- Exam paper instructions:
- All answers are to be written on provided answer booklets
- Duration of exam: 3 hours
- Fill in information on answer booklet and form B
- Handle the booklet with care
- Do not write on the question paper
- Hand in the answer booklet personally to the invigilator before leaving the examination hall
- Write full candidate's number on answer booklet cover and flap
- Do not write any names on answer booklet leaves or supplementary leaves
- Answer each question on a new page
- Write question number and attempted parts in the ruled margin
- Leave no blank pages in answer booklet
- Number supplementary leaves and fasten to inside of answer booklet cover
Chief Examiner’s Comments
- Summary of student performance for each question. Explanations given by examiners on the difficulty level of each question and the performance (or lack of) from the students.
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Description
This report provides insights from the Chief Examiners regarding the Associateship exams A01-A09 conducted in April 2022. It discusses general issues to improve performance in future sittings, including essential dos and don'ts for students. The report emphasizes the importance of preparation and clear understanding of exam expectations.
