Werner04.Exposures

Werner & Modlin Chapter 4, Exposures, discusses insurance exposures. This is the basic unit that measures a policy’s exposure to loss. A common example of an exposure is car-years for personal auto.

BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

• exposure base criteria: identifying desirable criteria, evaluating a potential exposure basis
• exposure aggregation: CYEE, CYWE, inforce exposures, PY aggregation

reference	part (a)	part (b)	part (c)	part (d)	part (e)
E (2019.Fall #1)	PYEE: - calculate	in-force exposures: - calculate	CY unearned exposures: - calculate	CYEE - calculate
E (2019.Spring #1)	CYWE: - calculate	CYEE - calculate	PYEE: - calculate	in-force exposures: - calculate	exposure base criteria: - miles driven
E (2018.Spring #1)	CYWE: - calculate	CYEE - calculate	PYEE: - calculate	exposure base criteria: - # vehicle occupants
E (2017.Spring #1)	CYWE & CYEE: - calculate	CYEE - calculate
E (2016.Fall #1)	CYWE: - calculate	in-force exposures: - calculate	CYEE - calculate
E (2016.Spring #3)	exposure base criteria: - evaluate hours driven	ASOP.12
E (2015.Fall #2)	exposure base criteria: - restaurant general liability	exposure base criteria: - hospital prof. liability
E (2015.Spring #2)	exposure base criteria: - annual fuel expense	exposure base criteria: - miles driven
E (2015.Spring #3)	CYEE - calculate	CYEE: - calculate (using retention)	assess assumption: - uniform writings
E (2014.Fall #1)	exposure base criteria: - identify	exposure base criteria: - WC change to hrs worked	exposure base criteria: - impact on WC frequency	exposure base criteria: - impact on WC severity	exposure base criteria: - impact on WC loss ratio
E (2014.Spring #3)	provide a date range: - for effective dates	provide a date range: - for cancellation dates	prove: - inequality is invalid
E (2013.Fall #1)	exposure base criteria: - WC change to hrs worked
E (2013.Spring #1)	CYEE - calculate	CYEE - calculate	CYWE: - calculate after cancellation	CYWE: - calculate after cancellation