Difference between revisions of "BattleBriefings"
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* "Bottom 20%" and "Rarely Tested" chapters together for about <u>20</u>% of the points on the exam. "Rarely Tested" chapters appear rarely ''(or never)'' on the exam. | * "Bottom 20%" and "Rarely Tested" chapters together for about <u>20</u>% of the points on the exam. "Rarely Tested" chapters appear rarely ''(or never)'' on the exam. | ||
| − | <span style="color: red;">Click on the <u>links</u> in the table below to go to specific chapters.</span> You can start with either Reserving or Pricing but you should do the chapters in order because later chapters depend on material from earlier chapters. When you want a change of pace, pick up one of the shorter readings for a break. Make sure you know all of the Top 5 and Core Content material really well. | + | <span style="color: red;">Click on the <u>links</u> in the table below to go to specific chapters.</span> You can start with either Reserving or Pricing but you should do the chapters in order because later chapters depend on material from earlier chapters. When you want a change of pace, pick up one of the shorter readings for a break. Make sure you know all of the Top 5 and Core Content material really well. ''Alice-the-Actuary'' and her minion ''Ian-the-Intern'' will appear from time to time to help you out. :-) |
===Ranking Table=== | ===Ranking Table=== | ||
Revision as of 22:08, 18 December 2020
Introduction
Exam 5 consists primarily of 2 source texts covering Reserving (Estimating Unpaid Claims), and Pricing:
- Estimating Unpaid Claims Using Basic Techniques, Friedland, J.F., , Casualty Actuarial Society, Third Version, July 2010.
- BASIC RATEMAKING, Fifth Edition, May 2016, Geoff Werner, FCAS, MAAA & Claudine Modlin, FCAS, MAAA
There are also several much shorter readings including: SOPs (Statements of Principle), ASOPs (Actuarial Standards of Practice), and appendices from Werner & Modlin
The Rank in the tables below indicates how frequently each topic has been asked on prior exams.
- "Top 5" chapters are the most heavily tested. "Top 5" and "Core Content" chapters together account for about 80% of the points on the exam.
- "Bottom 20%" and "Rarely Tested" chapters together for about 20% of the points on the exam. "Rarely Tested" chapters appear rarely (or never) on the exam.
Click on the links in the table below to go to specific chapters. You can start with either Reserving or Pricing but you should do the chapters in order because later chapters depend on material from earlier chapters. When you want a change of pace, pick up one of the shorter readings for a break. Make sure you know all of the Top 5 and Core Content material really well. Alice-the-Actuary and her minion Ian-the-Intern will appear from time to time to help you out. :-)
Ranking Table
Rank Reserving: Friedland Study Time Rank Pricing: Werner Study Time Rarely Asked Friedland01.Overview 30 minutes Rarely Asked Complete Werner01.Intro 1 hr Rarely Asked Friedland02.ClmsProcess ½ day -- not on syllabus - Werner02.Manuals -- Bottom 20% Friedland03.Data ½ day Core Content Complete Werner03.Data ½ day Rarely Asked Friedland04.Meetings 15 minutes Core Content Complete Werner04.Exposures 2 days Bottom 20% Friedland05.Triangles 2 days Top 5! Complete Werner05.Premium 1 week Bottom 20% Friedland06.Diagnostics 2 days Top 5! Complete Werner06.LossLAE 1 week Top 5! Friedland07.Development 2-5 days Core Content Complete Werner07.OtherExpenses 3 days Bottom 20% Friedland08.ExpectedClms 3 days Top 5! Complete Werner08.Indication 3 days Core Content Friedland09.BornFerg 3 days Top 5! Complete Werner09.RiskClass 3 days Top 5! Friedland10.CapeCod 3 days Bottom 20% Fall - Werner10.Multivariate TBA Top 5! Friedland11.FreqSev 1 week Top 5! Complete Werner11.SpecialClass 1 week Core Content Friedland12.CaseOS 1 week Bottom 20% Fall - Werner12.Credibility TBA Top 5! Friedland13.BerqSherm 1 week Bottom 20% Fall - Werner13.Other TBA Core Content Friedland14.Recoveries 2-3 days Core Content Complete Werner14.Implementation 1 week Top 5! Friedland15.Evaluation 1 week Bottom 20% Fall - Werner15.Commercial TBA Core Content Friedland16.ALAE 2-3 days Bottom 20% Fall - Werner16.ClaimsMade TBA Core Content Friedland17.ULAE 2-3 days -- -- --
Other syllabus readings: SOPs, ASOPs, appendices from Werner
Rank Reserving: Other readings Study Time Rank Pricing: Other readings Study Time Rarely Asked SOP.UnpaidClms 30 minutes Rarely Asked Complete SOP.Ratemaking 30 minutes Bottom 20% ASOP12.RiskClass 1 hr Rarely Asked Fall - WernerA.Auto TBA Rarely Asked ASOP13.Trend 30 minutes Rarely Asked Fall - WernerB.Home TBA Rarely Asked ASOP43.UnpaidClmEst 30 minutes Rarely Asked Fall - WernerC.MedMal TBA -- -- -- Core Content Fall - WernerD.WC TBA -- -- -- Bottom 20% Fall - WernerE.Univariate TBA -- -- -- Bottom 20% Fall - WernerF.Multivariate TBA
