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Exam P/CAS
1 | Exam FM/CAS 2 |
Exam MLC | Study Guides
SEMINAR LOCATIONS AND SCHEDULE
For the Fall 2009 session, the Exam C (CAS 4) review seminar will be offered in New York.
The seminar fee is $675. The schedule and locations are as follows.
Monday October 5
to Thursday October 8 (9AM to 5PM, 3 1/2 days)
SLC Conference Center,
352 7th Avenue, New York NY,
212-244-5888
(note that the SLC
Conference Center is not a hotel, it has meeting
rooms only) |
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In the seminars, the aim is to review all course
topics in as much detail as possible in the allotted time, with an emphasis
on developing efficient problem identification and problem solving skills.
Much of the seminar will be lecture format, in which important underlying
concepts will be reviewed along with presentation of solutions to many
former exam and exam-related problems. Prof. Broverman is available by
e-mail and telephone, both before and after the seminar for questions
that arise relating to the exam and the seminar study material. At the
seminar, there will be time for questions in both a group and individual
setting.
EXAM C STUDY GUIDE
The recommended advance study material for the Exam C review seminar is the ACTEX study guide for Exam C for which Prof. Broverman is the
author. The seminar fee of $675 does not include the ACTEX
study guide for Exam C. If you do not have a copy, one can be obtained from the publisher at
the following link: ACTEX/Mad River Publications
The table of contents and an excerpt from the study guide in PDF form can be
found at the following link:
Exam C Study Manual Excerpt
The ACTEX Exam C study guide is in two volumes.
Volume I contains notes, examples and problem sets on
the modeling topic and the model estimation topic. Volume
2 contains notes, examples and problem sets for the
credibility topic and the simulation topic, as well as 14
practice exams and the May 2007 exam with solutions. There are about 200 examples in the notes
and over 700 problems in the problem sets, all with
detailed solutions. Each of the 14 practice exams has 35
questions, all with detailed solutions.
A current list of updates and errata for the past
few editions can be found at the following link:
Update and Errata List For The
Exam C Study Guide
Participants are urged to thoroughly review the study guide material and exam catalog
reference material prior to the seminar.
I have prepared a suggested pre-seminar study
schedule for Exam C:
Exam C Study Schedule
The EXAM C (SOA/CAS) exam can be approximately divided into the four main topics of
loss and survival modeling (20%), model estimation
(40%),
credibility (30%), and simulation (10%).
If you wish, you may register for loss/survival modeling only ($200),
model estimation only ($275), or credibility only ($200).
If you are registering for only one part of the seminar, please indicate this clearly on
the registration form.
DETAILED SEMINAR SCHEDULES
The seminar will be conducted according to the following
approximate schedules for Chicago and New York:
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Day 1
9:00 10:00 |
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Distribution mixtures,
double expectation rules |
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10:10
11:00 |
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Policy limit and
deductible |
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11:10
12:00 |
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Policy limit and
deductible,
models for the number of
claims (frequency), the (a,b,0) class and the
(a,b,1) class |
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Lunch |
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1:00 2:00 |
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Compound distributions |
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2:10 3:00 |
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Stop loss insurance, discrete
time ruin models |
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3:10 4:00 |
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Empirical estimation for individual data, empirical
smoothed estimate of a percentile |
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4:10 5:00 |
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Kernel smoothing, empirical
estimation for grouped data, product-limit
estimation, |
Day 2
9:00 9:50 |
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Product-limit
estimation, Nelson-Aalen estimation |
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10:00
11:00 |
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Moment
estimation, percentile matching |
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11:10
12:00 |
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Maximum
likelihood estimation
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12:00
1:00 |
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Lunch |
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1:10 2:00 |
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Maximum
likelihood estimation, variance of estimators, Greenwoods
approximation, linear and log-transformed confidence intervals |
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2:10 3:15 |
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Variance of the maximum
likelihood estimator, the delta method for finding the
variance of a transformed estimate |
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3:30 5:00 |
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Graphical methods for comparing an estimated model
to a data set,
tests of fit for an estimated model, Schwartz
Bayesian criterion, likelihood ratio test
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Day 3
9:00
10:00 |
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Limited
fluctuation credibility, full credibility standard
and partial credibility |
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10:10 11:00 |
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Review
of Bayesian probability methods, the Bayesian credibility
framework,
Bayesian
credibility with a discrete prior distribution |
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11:10
12:00 |
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Bayesian
credibility with a continuous prior distribution |
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12:00
1:00
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Lunch
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1:00
2:00 |
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Bayesian
credibility with a continuous prior distribution |
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2:10
3:40 |
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Buhlmann
credibility |
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3:30
5:00 |
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Nonparametric and
semiparametric empirical Bayesian credibility |
Day 4
9:00
10:15 |
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The inverse transform
method of simulation |
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10:25 11:30 |
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The bootstrap approximation to the mean square error
of an estimator |
To register for the seminar, you can use the on-line
pre-registration form on the home page , or use the
mail-in registration form , or e-mail me directly at
2brove@rogers.com
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