Difference between revisions of "Exam Summaries"

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{| class='wikitable' style='background-color: powderblue;'
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|-
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|| This page provides a quick way to navigate to specific exam questions and answers. Chapter references and descriptions of individual questions are currently available for the <u>previous 3 published exams</u>.
 +
|}
 +
 +
==2019 Fall==
 +
 +
: {| class="wikitable" style="width: px;"
 +
|-
 +
! link !! style="width: 120px;" | reference !! reading/chapter !! topic !! style="width: 135px;" | type
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(01).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #1)'''</span>
 +
|| [[Werner04.Exposures]]
 +
|| '''calculate''': exposure aggregation
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(02).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #2)'''</span>
 +
|| [[Werner05.Premium]]
 +
|| '''calculate''': premium aggregation, '''discuss''': uses of in-force premium
 +
|| calc <span style="color: red;">'''55%'''</span> essay <span style="color: green;">'''45%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(03).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #3)'''</span>
 +
|| [[Werner12.Credibility]]
 +
|| '''calculate''': credibility-weighted rate change, '''identify''': complements of credibility
 +
|| calc <span style="color: red;">'''75%'''</span> essay <span style="color: green;">'''25%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(04).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #4)'''</span>
 +
|| [[Werner16.ClaimsMade]]
 +
|| '''calculate/explain''': differences between claims-made & occurrence policies
 +
|| calc <span style="color: red;">'''20%'''</span> essay <span style="color: green;">'''80%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(05).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #5)'''</span>
 +
|| [[Werner06.LossLAE]]
 +
|| '''calculate''': AY/PY loss trend factors, '''explain''': overlap fallacy
 +
|| calc <span style="color: red;">'''65%'''</span> essay <span style="color: green;">'''35%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(06).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #6)'''</span>
 +
|| [[Werner06.LossLAE]] <br> [[Werner07.OtherExpenses]]
 +
|| '''discuss''': accounting for proportional & non-proportional reinsurance in pricing <br> '''identify''': types of investment income, '''discuss''': trending fixed/variable expenses
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(07).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #7)'''</span>
 +
|| [[Friedland09.BornFerg]] <br> [[Werner08.Indication]]
 +
|| '''calculate''': indicated rate change ''(use Bornhuetter-Ferguson for ultimate loss)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(08).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #8)'''</span>
 +
|| [[Werner13.Other]] <br> [[SOP.Ratemaking]]
 +
|| '''calculate''': rate change to maximize profit <br> '''evaluate''': rate change using ratemaking SOP
 +
|| calc <span style="color: red;">'''70%'''</span> essay <span style="color: green;">'''30%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(09).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #9)'''</span>
 +
|| [[Werner15.Commercial]]
 +
|| '''compare''': purpose of risk classification vs individual risk rating <br> '''discuss''': rating characteristics & classification rating plans
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(10).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #10)'''</span>
 +
|| [[Werner10.Multivariate]]
 +
|| '''evaluate''': inclusion of rating variable based on GLM, '''identify''': other tests
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(11).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #11)'''</span>
 +
|| [[Werner10.Multivariate]]
 +
|| '''discuss''': univariate & multivariate ''(GLM)'' model results
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(12).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #12)'''</span>
 +
|| [[Werner12.Credibility]]
 +
|| '''calculate''': complement of credibility ''(Harwayne)'', '''discuss''': current rate vs Harwayne
 +
|| calc <span style="color: red;">'''70%'''</span> essay <span style="color: green;">'''30%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(13).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #13)'''</span>
 +
|| [[Werner11.SpecialClass]]
 +
|| '''calculate''': ILF ''(Increased Limit Factor)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #14)'''</span>
 +
|| [[Werner11.SpecialClass]]
 +
|| '''calculate''': coinsurance amounts, '''describe''': coinsurance & adequate/equitable rates
 +
|| calc <span style="color: red;">'''50%'''</span> essay <span style="color: green;">'''50%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(15).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #15)'''</span>
 +
|| [[Werner15.Commercial]]
 +
|| '''discuss''': impact of changes on premium in a WC large policy
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(16).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #16)'''</span>
 +
|| [[Friedland01.Overview]] <br> [[Friedland02.ClmsProcess]]
 +
|| '''identify''': components of unpaid claim estimate, '''discuss''': impact of inadequate estimate
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #17)'''</span>
 +
|| [[Friedland06.Diagnostics]]
 +
|| '''discuss''': paid/rptd triangle distortions, '''identify''': relevant diagnostics
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(18).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #18)'''</span>
 +
|| [[Friedland12.CaseOS]]
 +
|| '''calculate''': unpaid ''(case O/S devlpt)'', '''identify''': scenario good for case O/S devlpt
 +
|| calc <span style="color: red;">'''85%'''</span> essay <span style="color: green;">'''15%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #19)'''</span>
 +
|| [[Friedland10.CapeCod]]
 +
|| '''calculate''': ultimate ''(Cape Cod)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #20)'''</span>
 +
|| [[Friedland11.FreqSev]]
 +
|| '''calculate''': unpaid ''(freq-sev disposal rate)'', '''identify''': advantage paid devlpt method
 +
|| calc <span style="color: red;">'''80%'''</span> essay <span style="color: green;">'''20%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #21)'''</span>
 +
|| [[Friedland13.BerqSherm]]
 +
|| '''calculate''': unpaid ''(Berquist-Sherman technique)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(22).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #22)'''</span>
 +
|| [[Friedland14.Recoveries]]
 +
|| '''calculate''': salvage/subrogation ''(ratio method)'', '''identify''': advantage over devlpt method
 +
|| calc <span style="color: red;">'''80%'''</span> essay <span style="color: green;">'''20%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(23).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #23)'''</span>
 +
|| [[Friedland15.Evaluation]]
 +
|| '''evaluate''': various reserving results
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(24).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #24)'''</span>
 +
|| [[Friedland17.ULAE]]
 +
|| '''calculate''': ULAE ''(Kittel)'', '''describe''': changes for occurrence policies ''(vs claims-made)''
 +
|| calc <span style="color: red;">'''65%'''</span> essay <span style="color: green;">'''35%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(25).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Fall #25)'''</span>
 +
|| [[Friedland15.Evaluation]]
 +
|| '''calculate''': expected net paid claims, '''evaluate''': net unpaid estimate
 +
|| calc <span style="color: red;">'''70%'''</span> essay <span style="color: green;">'''30%'''</span>
 +
 +
|}
 +
 
==2019 Spring==
 
==2019 Spring==
−
 
−
Based on user feedback, the BattleCards corresponding to the <span style="color: red;">'''2019.Spring'''</span> exam will NOT be loaded into the BattleActs database until <u>after</u> the '''2019.Fall''' exam. This is to provide the opportunity for practice on a fresh exam prior to your real exam.
 
  
 
: {| class="wikitable" style="width: px;"
 
: {| class="wikitable" style="width: px;"
 
|-
 
|-
−
! link !! reference !! paper tested !! topic !! type of problem
+
! link !! style="width: 120px;" | reference !! reading/chapter !! topic !! style="width: 135px;" | type
  
 
|-
 
|-
 
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(01).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(01).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 
|| <span style="color: red;">'''(2019.Spring #1)'''</span>
 
|| <span style="color: red;">'''(2019.Spring #1)'''</span>
−
||  
+
|| [[Werner04.Exposures]]
−
||  
+
|| '''calculate''': exposure aggregation, '''describe''': exposure base criteria
−
||  
+
|| calc <span style="color: red;">'''60%'''</span> essay <span style="color: green;">'''40%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(02).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #2)'''</span>
 +
|| [[Werner05.Premium]]
 +
|| '''calculate''': trended on-level EP, '''describe''': 6 vs 12-mth trended EP
 +
|| calc <span style="color: red;">'''80%'''</span> essay <span style="color: green;">'''20%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(03).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #3)'''</span>
 +
|| [[Werner03.Data]]
 +
|| '''describe''': data aggregation, long-tailed & claims-made lines
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(04).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #4)'''</span>
 +
|| [[Werner06.LossLAE]]
 +
|| '''calculate''': basic limits & excess loss trends, '''discuss''': total limits vs basic limits trend
 +
|| calc <span style="color: red;">'''80%'''</span> essay <span style="color: green;">'''20%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(05).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #5)'''</span>
 +
|| [[Werner06.LossLAE]]
 +
|| '''calculate''': trended ultimate loss, '''2 methods''': capping excess losses
 +
|| calc <span style="color: red;">'''90%'''</span> essay <span style="color: green;">'''10%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(06).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #6)'''</span>
 +
|| [[Werner07.OtherExpenses]]
 +
|| '''calculate''': expense ratio ''(variable expenses)'', permissible LR, '''discuss''': distortions
 +
|| calc <span style="color: red;">'''80%'''</span> essay <span style="color: green;">'''20%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(07).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #7)'''</span>
 +
|| [[Friedland09.BornFerg]] <br> [[Werner08.Indication]]
 +
|| '''calculate''': ultimate loss ''(using Bornhuetter-Ferguson)'', indicated rate change <br> '''discuss''': complements of credibility
 +
|| calc <span style="color: red;">'''85%'''</span> essay <span style="color: green;">'''15%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(08).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #8)'''</span>
 +
|| [[Werner13.Other]]
 +
|| '''calculate''': expected profit, '''discuss''': impact of assumptions
 +
|| calc <span style="color: red;">'''45%'''</span> essay <span style="color: green;">'''55%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(09).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #9)'''</span>
 +
|| [[Werner10.Multivariate]]
 +
|| '''evaluate''': specific examples of GLM models
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(10).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #10)'''</span>
 +
|| [[Werner09.RiskClass]]
 +
|| '''calculate''': proposed rating factors ''(univariate)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(11).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #11)'''</span>
 +
|| [[Werner15.Commercial]]
 +
|| '''discuss''': concerns about pricing for a large vs small deductible policy
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(12).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #12)'''</span>
 +
|| [[Werner13.Other]]
 +
|| '''calculate''': rate change ''(LR method)'', '''discuss''': adverse selection, non-pricing strategies
 +
|| calc <span style="color: red;">'''60%'''</span> essay <span style="color: green;">'''40%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(13).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #13)'''</span>
 +
|| [[Friedland07.Development]]
 +
|| '''discuss''': combining coverages for analysis, rate recommendations
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #14)'''</span>
 +
|| [[Friedland06.Diagnostics]]
 +
|| '''evaluate''': paid development technique to calculate unpaid
 +
|| calc <span style="color: red;">'''50%'''</span> essay <span style="color: green;">'''50%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(15).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #15)'''</span>
 +
|| [[Friedland11.FreqSev]]
 +
|| '''calculate''': unpaid ''(freq-sev disposal rate)'', '''identify''': scenario for rptd clm count trend
 +
|| calc <span style="color: red;">'''90%'''</span> essay <span style="color: green;">'''10%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(16).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #16)'''</span>
 +
|| [[Friedland07.Development]]
 +
|| '''calculate''': ultimate ''(rptd devlpt)'', '''discuss''': industry data, increasing claims staff
 +
|| calc <span style="color: red;">'''45%'''</span> essay <span style="color: green;">'''55%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #17)'''</span>
 +
|| [[Friedland09.BornFerg]]
 +
|| '''calculate''': ultimate ''(rptd B-F)'', '''discuss''': combining data for analysis
 +
|| calc <span style="color: red;">'''80%'''</span> essay <span style="color: green;">'''20%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(18).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #18)'''</span>
 +
|| [[Friedland10.CapeCod]]
 +
|| '''calculate''': ultimate ''(rptd Cape Cod)'', '''identify''': scenario for paid Cape Cod vs rptd Cape Cod
 +
|| calc <span style="color: red;">'''75%'''</span> essay <span style="color: green;">'''25%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #19)'''</span>
 +
|| [[Friedland07.Development]] <br> [[Friedland09.BornFerg]]
 +
|| '''calculate''': ultimate ''(reported development)'' <br> '''calculate''': ultimate ''(reported Bornhuetter-Ferguson)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #20)'''</span>
 +
|| [[Friedland11.FreqSev]]
 +
|| '''calculate''': tail severity, '''describe''': considerations in selecting tail severity
 +
|| calc <span style="color: red;">'''75%'''</span> essay <span style="color: green;">'''25%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #21)'''</span>
 +
|| [[Friedland14.Recoveries]]
 +
|| '''identify''': scenario for higher rptd claims, '''discuss''': approach to estimate ulimate
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(22).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #22)'''</span>
 +
|| [[Friedland13.BerqSherm]]
 +
|| '''calculate''': ultimate ''(rptd Berquist-Sherman)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(23).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #23)'''</span>
 +
|| [[Friedland07.Development]] <br> [[Friedland14.Recoveries]]
 +
|| '''calculate''': IBNR ''(rptd devlpt)'' &larr; must consider reinsurance
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(24).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2019.Spring #24)'''</span>
 +
|| [[Friedland16.ALAE]]
 +
|| '''calculate''': ALAE ''(multiplicative ratio devlpt)'', '''discuss''': additive ratio devlpt, ratio methods
 +
|| calc <span style="color: red;">'''65%'''</span> essay <span style="color: green;">'''35%'''</span>
 +
 
 +
|}
 +
 
 +
==2018 Fall==
 +
 
 +
: {| class="wikitable" style="width: px;"
 +
|-
 +
! link !! style="width: 120px;" | reference !! reading/chapter !! topic !! style="width: 135px;" | type
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(01).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #1)'''</span>
 +
|| [[Werner04.Exposures]]
 +
|| '''evaluate''': exposure basis for boat insurance
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(02).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #2)'''</span>
 +
|| [[Werner05.Premium]] <br> [[Werner06.LossLAE]]
 +
|| '''calculate''': premium & loss aggregation
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(03).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #3)'''</span>
 +
|| [[Werner05.Premium]]
 +
|| '''calculate & compare''': on-level EP - ''paralleogram, extension of exposures''
 +
|| calc <span style="color: red;">'''70%'''</span>, essay <span style="color: green;">'''30%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(04).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #4)'''</span>
 +
|| [[Werner16.ClaimsMade]]
 +
|| '''calculate''': RY/AY losses for claims-made & occurrence policies, '''describe''': differences
 +
|| calc <span style="color: red;">'''35%'''</span>, essay <span style="color: green;">'''60%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(05).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #5)'''</span>
 +
|| [[Werner06.LossLAE]]
 +
|| '''calculate''': projected loss using 2-step trending
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(06).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #6)'''</span>
 +
|| [[Werner07.OtherExpenses]]
 +
|| '''discuss''': premium-based vs exposure-based expense projection methods
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(07).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #7)'''</span>
 +
|| [[Friedland11.FreqSev]] <br> [[Werner08.Indication]]
 +
|| '''calculate''': ultimate ''(frequency-severity technique)'' <br> '''calculate''': indicated rate ''(pure premium method)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(08).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #8)'''</span>
 +
|| [[Werner13.Other]]
 +
|| '''discuss''': rate changes, renewals, non-pricing solutions, competitor comparisons
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(09).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #9)'''</span>
 +
|| [[Werner10.Multivariate]]
 +
|| '''interpret''': GLM output, '''discuss''': GLM challenges, compare to univariate methods
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(10).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #10)'''</span>
 +
|| [[Werner11.SpecialClass]]
 +
|| '''explain''': how to develop territory definitions
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(11).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #11)'''</span>
 +
|| [[Werner15.Commercial]]
 +
|| '''calculate''': premium ''(large deductible policy)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(12).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #12)'''</span>
 +
|| [[Werner14.Implementation]]
 +
|| '''calculate''': indicated relativities, base rate, '''evaluate''': social criteria for rating variables
 +
|| calc <span style="color: red;">'''80%'''</span>, essay <span style="color: green;">'''20%'''</span>
  
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(13).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #13)'''</span>
 +
|| [[Werner11.SpecialClass]]
 +
|| '''calculate''': rate, indemnity pmt, coinsurance penaly, '''discuss''': issues with underinsurance
 +
|| calc <span style="color: red;">'''80%'''</span>, essay <span style="color: green;">'''20%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #14)'''</span>
 +
|| [[Friedland01.Overview]]
 +
|| '''discuss''': importance of accurate unpaid claims estimates to stakeholders
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(15).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #15)'''</span>
 +
|| [[Werner06.LossLAE]] <br> [[Friedland14.Recoveries]]
 +
|| '''calculate''': loss aggregation ''(net & gross of reinsurance)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(16).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #16)'''</span>
 +
|| [[Friedland07.Development]] <br> [[Friedland09.BornFerg]] <br> [[Friedland08.ExpectedClms]]
 +
|| '''calculate''': ultimate ''(rptd devlpt, B-F, expected claims methods)'' <br> '''recommend''': an ultimate claim estimation method
 +
|| calc <span style="color: red;">'''80%'''</span>, essay <span style="color: green;">'''20%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(17).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #17)'''</span>
 +
|| [[Friedland11.FreqSev]]
 +
|| '''calculate''': ultimate ''(frequency-severity method)'', '''identify''': assumptions of method
 +
|| calc <span style="color: red;">'''80%'''</span>, essay <span style="color: green;">'''20%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(18).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #18)'''</span>
 +
|| [[Friedland10.CapeCod]]
 +
|| '''calculate''': ultimate ''(rptd Cape-Cod method)'', '''discuss''': effect of new class on method
 +
|| calc <span style="color: red;">'''70%'''</span>, essay <span style="color: green;">'''30%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #19)'''</span>
 +
|| [[Friedland15.Evaluation]]
 +
|| '''evaluate''': effect of change on IBNR under 3 reserving methods
 +
|| essay <span style="color: green;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #20)'''</span>
 +
|| [[Friedland13.BerqSherm]]
 +
|| '''calculate''': ultimate ''(Berquist-Sherman)'', '''discuss''': adjustments & limitations of method
 +
|| calc <span style="color: red;">'''80%'''</span>, essay <span style="color: green;">'''20%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #21)'''</span>
 +
|| [[Friedland14.Recoveries]]
 +
|| '''calculate''': salvage & subrogation ''(ratio approach)''
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(22).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #22)'''</span>
 +
|| [[Friedland17.ULAE]]
 +
|| '''calculate''': IBYNR, ULAE
 +
|| calc <span style="color: red;">'''100%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(23).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #23)'''</span>
 +
|| [[Friedland16.ALAE]]
 +
|| '''calculate''': ALAE ''(additive ratio method)''
 +
|| calc <span style="color: red;">'''90%'''</span>, essay <span style="color: green;">'''10%'''</span>
 +
 +
|-
 +
|| [https://www.battleacts5.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(24).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>]
 +
|| <span style="color: red;">'''(2018.Fall #24)'''</span>
 +
|| [[Friedland15.Evaluation]]
 +
|| '''compare''': expected vs reported loss emergence, '''identify''': when to revise ultimate
 +
|| calc <span style="color: red;">'''70%'''</span>, essay <span style="color: green;">'''30%'''</span>
  
 
|}
 
|}

Latest revision as of 20:40, 26 July 2023

This page provides a quick way to navigate to specific exam questions and answers. Chapter references and descriptions of individual questions are currently available for the previous 3 published exams.

2019 Fall

link reference reading/chapter topic type
E (2019.Fall #1) Werner04.Exposures calculate: exposure aggregation calc 100%
E (2019.Fall #2) Werner05.Premium calculate: premium aggregation, discuss: uses of in-force premium calc 55% essay 45%
E (2019.Fall #3) Werner12.Credibility calculate: credibility-weighted rate change, identify: complements of credibility calc 75% essay 25%
E (2019.Fall #4) Werner16.ClaimsMade calculate/explain: differences between claims-made & occurrence policies calc 20% essay 80%
E (2019.Fall #5) Werner06.LossLAE calculate: AY/PY loss trend factors, explain: overlap fallacy calc 65% essay 35%
E (2019.Fall #6) Werner06.LossLAE
Werner07.OtherExpenses 		discuss: accounting for proportional & non-proportional reinsurance in pricing
identify: types of investment income, discuss: trending fixed/variable expenses 		essay 100%
E (2019.Fall #7) Friedland09.BornFerg
Werner08.Indication 		calculate: indicated rate change (use Bornhuetter-Ferguson for ultimate loss) calc 100%
E (2019.Fall #8) Werner13.Other
SOP.Ratemaking 		calculate: rate change to maximize profit
evaluate: rate change using ratemaking SOP 		calc 70% essay 30%
E (2019.Fall #9) Werner15.Commercial compare: purpose of risk classification vs individual risk rating
discuss: rating characteristics & classification rating plans 		essay 100%
E (2019.Fall #10) Werner10.Multivariate evaluate: inclusion of rating variable based on GLM, identify: other tests essay 100%
E (2019.Fall #11) Werner10.Multivariate discuss: univariate & multivariate (GLM) model results essay 100%
E (2019.Fall #12) Werner12.Credibility calculate: complement of credibility (Harwayne), discuss: current rate vs Harwayne calc 70% essay 30%
E (2019.Fall #13) Werner11.SpecialClass calculate: ILF (Increased Limit Factor) calc 100%
E (2019.Fall #14) Werner11.SpecialClass calculate: coinsurance amounts, describe: coinsurance & adequate/equitable rates calc 50% essay 50%
E (2019.Fall #15) Werner15.Commercial discuss: impact of changes on premium in a WC large policy essay 100%
E (2019.Fall #16) Friedland01.Overview
Friedland02.ClmsProcess 		identify: components of unpaid claim estimate, discuss: impact of inadequate estimate essay 100%
E (2019.Fall #17) Friedland06.Diagnostics discuss: paid/rptd triangle distortions, identify: relevant diagnostics essay 100%
E (2019.Fall #18) Friedland12.CaseOS calculate: unpaid (case O/S devlpt), identify: scenario good for case O/S devlpt calc 85% essay 15%
E (2019.Fall #19) Friedland10.CapeCod calculate: ultimate (Cape Cod) calc 100%
E (2019.Fall #20) Friedland11.FreqSev calculate: unpaid (freq-sev disposal rate), identify: advantage paid devlpt method calc 80% essay 20%
E (2019.Fall #21) Friedland13.BerqSherm calculate: unpaid (Berquist-Sherman technique) calc 100%
E (2019.Fall #22) Friedland14.Recoveries calculate: salvage/subrogation (ratio method), identify: advantage over devlpt method calc 80% essay 20%
E (2019.Fall #23) Friedland15.Evaluation evaluate: various reserving results essay 100%
E (2019.Fall #24) Friedland17.ULAE calculate: ULAE (Kittel), describe: changes for occurrence policies (vs claims-made) calc 65% essay 35%
E (2019.Fall #25) Friedland15.Evaluation calculate: expected net paid claims, evaluate: net unpaid estimate calc 70% essay 30%

2019 Spring

link reference reading/chapter topic type
E (2019.Spring #1) Werner04.Exposures calculate: exposure aggregation, describe: exposure base criteria calc 60% essay 40%
E (2019.Spring #2) Werner05.Premium calculate: trended on-level EP, describe: 6 vs 12-mth trended EP calc 80% essay 20%
E (2019.Spring #3) Werner03.Data describe: data aggregation, long-tailed & claims-made lines essay 100%
E (2019.Spring #4) Werner06.LossLAE calculate: basic limits & excess loss trends, discuss: total limits vs basic limits trend calc 80% essay 20%
E (2019.Spring #5) Werner06.LossLAE calculate: trended ultimate loss, 2 methods: capping excess losses calc 90% essay 10%
E (2019.Spring #6) Werner07.OtherExpenses calculate: expense ratio (variable expenses), permissible LR, discuss: distortions calc 80% essay 20%
E (2019.Spring #7) Friedland09.BornFerg
Werner08.Indication 		calculate: ultimate loss (using Bornhuetter-Ferguson), indicated rate change
discuss: complements of credibility 		calc 85% essay 15%
E (2019.Spring #8) Werner13.Other calculate: expected profit, discuss: impact of assumptions calc 45% essay 55%
E (2019.Spring #9) Werner10.Multivariate evaluate: specific examples of GLM models essay 100%
E (2019.Spring #10) Werner09.RiskClass calculate: proposed rating factors (univariate) calc 100%
E (2019.Spring #11) Werner15.Commercial discuss: concerns about pricing for a large vs small deductible policy essay 100%
E (2019.Spring #12) Werner13.Other calculate: rate change (LR method), discuss: adverse selection, non-pricing strategies calc 60% essay 40%
E (2019.Spring #13) Friedland07.Development discuss: combining coverages for analysis, rate recommendations essay 100%
E (2019.Spring #14) Friedland06.Diagnostics evaluate: paid development technique to calculate unpaid calc 50% essay 50%
E (2019.Spring #15) Friedland11.FreqSev calculate: unpaid (freq-sev disposal rate), identify: scenario for rptd clm count trend calc 90% essay 10%
E (2019.Spring #16) Friedland07.Development calculate: ultimate (rptd devlpt), discuss: industry data, increasing claims staff calc 45% essay 55%
E (2019.Spring #17) Friedland09.BornFerg calculate: ultimate (rptd B-F), discuss: combining data for analysis calc 80% essay 20%
E (2019.Spring #18) Friedland10.CapeCod calculate: ultimate (rptd Cape Cod), identify: scenario for paid Cape Cod vs rptd Cape Cod calc 75% essay 25%
E (2019.Spring #19) Friedland07.Development
Friedland09.BornFerg 		calculate: ultimate (reported development)
calculate: ultimate (reported Bornhuetter-Ferguson) 		calc 100%
E (2019.Spring #20) Friedland11.FreqSev calculate: tail severity, describe: considerations in selecting tail severity calc 75% essay 25%
E (2019.Spring #21) Friedland14.Recoveries identify: scenario for higher rptd claims, discuss: approach to estimate ulimate essay 100%
E (2019.Spring #22) Friedland13.BerqSherm calculate: ultimate (rptd Berquist-Sherman) calc 100%
E (2019.Spring #23) Friedland07.Development
Friedland14.Recoveries 		calculate: IBNR (rptd devlpt) ← must consider reinsurance calc 100%
E (2019.Spring #24) Friedland16.ALAE calculate: ALAE (multiplicative ratio devlpt), discuss: additive ratio devlpt, ratio methods calc 65% essay 35%

2018 Fall

link reference reading/chapter topic type
E (2018.Fall #1) Werner04.Exposures evaluate: exposure basis for boat insurance essay 100%
E (2018.Fall #2) Werner05.Premium
Werner06.LossLAE 		calculate: premium & loss aggregation calc 100%
E (2018.Fall #3) Werner05.Premium calculate & compare: on-level EP - paralleogram, extension of exposures calc 70%, essay 30%
E (2018.Fall #4) Werner16.ClaimsMade calculate: RY/AY losses for claims-made & occurrence policies, describe: differences calc 35%, essay 60%
E (2018.Fall #5) Werner06.LossLAE calculate: projected loss using 2-step trending calc 100%
E (2018.Fall #6) Werner07.OtherExpenses discuss: premium-based vs exposure-based expense projection methods essay 100%
E (2018.Fall #7) Friedland11.FreqSev
Werner08.Indication 		calculate: ultimate (frequency-severity technique)
calculate: indicated rate (pure premium method) 		calc 100%
E (2018.Fall #8) Werner13.Other discuss: rate changes, renewals, non-pricing solutions, competitor comparisons essay 100%
E (2018.Fall #9) Werner10.Multivariate interpret: GLM output, discuss: GLM challenges, compare to univariate methods essay 100%
E (2018.Fall #10) Werner11.SpecialClass explain: how to develop territory definitions essay 100%
E (2018.Fall #11) Werner15.Commercial calculate: premium (large deductible policy) calc 100%
E (2018.Fall #12) Werner14.Implementation calculate: indicated relativities, base rate, evaluate: social criteria for rating variables calc 80%, essay 20%
E (2018.Fall #13) Werner11.SpecialClass calculate: rate, indemnity pmt, coinsurance penaly, discuss: issues with underinsurance calc 80%, essay 20%
E (2018.Fall #14) Friedland01.Overview discuss: importance of accurate unpaid claims estimates to stakeholders essay 100%
E (2018.Fall #15) Werner06.LossLAE
Friedland14.Recoveries 		calculate: loss aggregation (net & gross of reinsurance) calc 100%
E (2018.Fall #16) Friedland07.Development
Friedland09.BornFerg
Friedland08.ExpectedClms 		calculate: ultimate (rptd devlpt, B-F, expected claims methods)
recommend: an ultimate claim estimation method 		calc 80%, essay 20%
E (2018.Fall #17) Friedland11.FreqSev calculate: ultimate (frequency-severity method), identify: assumptions of method calc 80%, essay 20%
E (2018.Fall #18) Friedland10.CapeCod calculate: ultimate (rptd Cape-Cod method), discuss: effect of new class on method calc 70%, essay 30%
E (2018.Fall #19) Friedland15.Evaluation evaluate: effect of change on IBNR under 3 reserving methods essay 100%
E (2018.Fall #20) Friedland13.BerqSherm calculate: ultimate (Berquist-Sherman), discuss: adjustments & limitations of method calc 80%, essay 20%
E (2018.Fall #21) Friedland14.Recoveries calculate: salvage & subrogation (ratio approach) calc 100%
E (2018.Fall #22) Friedland17.ULAE calculate: IBYNR, ULAE calc 100%
E (2018.Fall #23) Friedland16.ALAE calculate: ALAE (additive ratio method) calc 90%, essay 10%
E (2018.Fall #24) Friedland15.Evaluation compare: expected vs reported loss emergence, identify: when to revise ultimate calc 70%, essay 30%
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