Difference between revisions of "BattleBriefings"

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(Introduction)
(Introduction)
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* appendices from Werner & Modlin
 
* appendices from Werner & Modlin
  
The '''Rank''' in the tables below indicates how frequently each topic has been asked on prior exams. The '''Top 5''' chapters are the most heavily tested. The '''Core Content''' chapters are also heavily tested although less so than the Top 5. 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 high priority material really well.
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The '''Rank''' in the tables below indicates how frequently each topic has been asked on prior exams. The '''Top 5''' chapters are the most heavily tested. The '''Core Content''' chapters are also heavily tested although less so than the Top 5. 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.
  
 
===Ranking Table===
 
===Ranking Table===

Revision as of 17:15, 10 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)
  • appendices from Werner & Modlin

The Rank in the tables below indicates how frequently each topic has been asked on prior exams. The Top 5 chapters are the most heavily tested. The Core Content chapters are also heavily tested although less so than the Top 5. 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.

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 TBA
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 65% Complete Werner14.Implementation TBA
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

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