IFoA IFoA_CAA_M0 Exam Details & Actual Exam Questions

Exam Questions: 65
Updated On: May,31 2026

IFoA Module 0 - Entry Exam Questions

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Topic	Details
Topic 1	Apply the principles of statistical inference to select suitable loss distributions for setsof claims
Topic 2	Derive the moment generating function of the sum of N independent random variables Risk models involving fr equency and severity distributions
Topic 3	Define moments and moment generating functions Calculate the adjustment coefficient for a compound Poisson process in simple cases
Topic 4	Probabilities and Moments of loss destribution both with and without limits an risk-sharing arrangements
Topic 5	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 6	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 7	Explain the concepts of excesses, deductibles, and retention limits Apply the average cost per claim method for estimating outstanding claim amounts
Topic 8	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 9	Demonstrate how the basic chain ladder method can be adjusted to make explicitallowance for inflation