Overview

CAS Exam notes for the 2017 Spring sitting.

Notes are broken down in to 3 main sections:

I. Estimation of Policy Liabilities (14 chapters)

  • Learning Objective 1: 10-14%

    1. Brosius

      Loss Development Using Credibility

    2. Mack (2000)

      Credible Claims Reserve: The Benktander Method

    3. Hürlimann

      Credible Claims Reserve: Benktander, Neuhaus and Mack

  • Learning Objectives 2 & 3: 16-18%

    1. Mack (1994)

      Measuring the Variability of Chain Ladder Reserve Estimate

    2. Venter Factors

      Testing the Assumptions of Age-to-Age Factors

    3. Clark

      LDF Curve-Fitting and Stochastic Reserving: A Maximum Likelihood Approach

  • Learning Objective 4: 5-7%

    1. Siewert

      A Model for Reserving Workers Compensation High Deductibles - J. Siewert

    2. Sahasrabuddhe

      Claims Development by Layer - R. Sahasrabuddhe

  • Learning Objectives 5-10: 22-24%

    1. Shapland (new 2017)

      Using the ODP Bootstrap Model: A Practitioner’s Guide

    2. Verall

      Obtaining Predictive Distributions for Reserves Which Incorporate Expert Opinions

    3. Meyers (new 2016)

      Stochastic Loss Reserving Using Bayesian MCMC Models

    4. Marshall et al

      A Framework for Assessing Risk Margins

  • Learning Objectives 11-13: 6-9%

    1. Patrik

      Reinsurance Loss Reserving

  • Learning Objective 14: 4-5%

    1. Teng & Perkins

      Estimating the Premium Asset on Retrospectively Rate Policies

  1. Insurance Company Valuation (1 chapter)

  • Learning Objective 1-3: 8-12%

    1. Goldfarb

      P&C Insurance Company Valuation

  1. Enterprise Risk Management (11 chapter)

  • Learning Objectives 1-6: 13-17%

    1. ERA 1

      Historical Context

      Overview of Enterprise Risk Management

      Enterprise Risk Modeling Overview

    2. ERA 2.1

      Corporate Decision Making Using an Enterprise Risk Model

    3. ERA 2.2

      Risk Measures and Capital Allocation

    4. ERA 2.3

      Regulatory and Rating Agency Capital Adequacy Models

    5. ERA 2.4

      Asset-Liability Management

    6. ERA 2.5

      Measuring Value in Reinsurance

    7. ERA 3.1

      Considerations on Implementing Internal Risk Model

    8. ERA 3.2

      Modeling Parameter Uncertainty

    9. ERA 3.3

      Modeling and Dependency: Correlations and Copulas

  • Learning Objectives 7 & 8: 4-6%

    1. ERA 4.1 & 4.2

      Operational Risk

      Strategic Risk

    2. ERA 5.4

      Approaches to Modeling the Underwriting Cycle