BattleBriefings: Difference between revisions

Revision as of 11:53, 9 July 2020

Introduction

Exam 8 consists of roughly 700 pages of material, not all of which will appear on every exam. There are five larger readings (in approximate order of importance)

"Individual Risk Study Note" by Fisher et al.
"Distributions for Actuaries" by Bahnemann (Chapters 5 & 6 only)
"Generalized Linear Models for Insurance Rating" by Goldburd, Khare & Tevet
"Basics of Reinsurance Pricing" by Clark
"Catastrophe Modeling: A New Approach to Managing Risk" by Grossi & Kunreuther

There are nine other readings which are smaller and cover a variety of topics. Although the ranking below is based on the recent exams, in the last year or so the CAS appears to be placing greater emphasis on Generalized Linear Models (GLMs).

Since the material within the larger readings builds up, it's recommended you start them from the beginning rather than reading the articles in rank order. When you want a change of pace, pick up one of the smaller readings for a break.

By Rank (based roughly on pts-per-exam over recent exams)

Background colours in the grid indicate articles from the largest source papers.

New readings for 2020.Fall are outlined in red. (Modified readings are not outlined.)

Top 5 [35%] Cum: 35%	Fisher.ExpRating 2 days	Bahnemann.Chapter6 2 WEEKS	Fisher.CaseStudy 1 WEEK	Goldburd.Basics several days	Fisher.Visualization 1 WEEK
6 – 10 [25%] Cum: 60%	Bahnemann.Chapter5 several days	Bailey.Simon 1 WEEK	Bernegger.Exposure several days	Clark.Reinsurance several days	ISO.Rating several days
11 – 15 [15%] Cum: 75%	Fisher.TableM 2 days	Fisher.TableL 2 days	Robertson.HazardGroups EASY: 2 days	Grossi.Curves 2 days	NCCI.ExperienceRating 1 day
16 – 20 [10%] Cum: 85%	Fisher.RiskSharing 1 day	Couret.Venter EASY: 1 hr	Clark.PropPerRisk 3 hrs	Grossi.CATModels 1-2 hrs	Clark.CasPerOcc 1-2 hrs
21 – 25 [7%]	Fisher.OtherLSPlans	Goldburd.Validation	Mahler.Credibility	Goldburd.ModelRefinement	ASOP.12
26 – 30 [5%]	Clark.PropertyCAT	Clark.AggModels	Goldburd.DataPrep	Goldburd.ModelSelection	Fisher.Understanding
31 – 35 [3%]	Grossi.Overview	Fisher.AggExcess	Goldburd.ModelBuilding	Goldburd.Interactions	NCCI.Circular
36 – 38	Fisher.LimitedTableM	Goldburd.Comments	Goldburd.Variations

Articles from Start to Finish

1. Fisher	Fisher.ExpRating	Fisher.RiskSharing	Fisher.OtherLSPlans	Fisher.AggExcess	Fisher.Visualization	Fisher.TableM	Fisher.LimitedTableM	Fisher.Understanding	Fisher.CaseStudy
2. Bahnemann	Bahnemann.Chapter5	Bahnemann.Chapter6
3. GLMs	Goldburd.Basics	Goldburd.ModelBuilding	Goldburd.DataPrep	Goldburd.ModelSelection	Goldburd.Interactions	Goldburd.ModelRefinement	Goldburd.Validation	Goldburd.Comments	Goldburd.Variations
4. Clark	Clark.Reinsurance	Clark.PropPerRisk	Clark.CasPerOcc	Clark.AggModels	Clark.PropertyCAT
5. Grossi	Grossi.Overview	Grossi.Curves	Grossi.CATModels
6.	Bailey.Simon
7.	Bernegger.Exposure
8.	ISO.Rating
9.	Robertson.HazardGroups
10.	NCCI.ExperienceRating
11.	Couret.Venter
12.	Mahler.Credibility
13.	ASOP.12
14.	NCCI.Circular

@@ Line 1: / Line 1: @@
 __NOTOC__
+===Introduction===
+Exam 8 consists of roughly 700 pages of material, not all of which will appear on every exam. There are five larger readings (in approximate order of importance)
+* "''Individual Risk Study Note''" by Fisher et al.
+* "''Distributions for Actuaries''" by Bahnemann (Chapters 5 & 6 only)
+* "''Generalized Linear Models for Insurance Rating''" by Goldburd, Khare & Tevet
+* "''Basics of Reinsurance Pricing''" by Clark
+* "''Catastrophe Modeling: A New Approach to Managing Risk''" by Grossi & Kunreuther
+There are nine other readings which are smaller and cover a variety of topics. Although the ranking below is based on the recent exams, in the last year or so the CAS appears to be placing greater emphasis on Generalized Linear Models (GLMs).
+Since the material within the larger readings builds up, it's recommended you start them from the beginning rather than reading the articles in rank order. When you want a change of pace, pick up one of the smaller readings for a break.
 ===By Rank (''based roughly on pts-per-exam over recent exams'')===
+<span style="background-color: lightblue; border-radius: 6px;">&nbsp;Background colours&nbsp;</span> in the grid indicate <u>articles from the largest source papers</u>.
 <span style="background-color: lightgrey; border: 3px solid red;">&nbsp;New readings&nbsp;</span> for 2020.Fall are outlined in red. ''(Modified readings are not outlined.)''
@@ Line 8: / Line 22: @@
 |- style="line-height: 15px;"
 ! scope='row' style='background-color: lightyellow; width: 90px; border-right: 2px solid;'| Top 5 <span style="color: red;">[35%]</span> <br> ''Cum: <u>35</u>%''
-| style='width: 150px;'| [[Fisher.ExpRating]]
+| style='background-color: lightgreen; width: 150px;'| [[Fisher.ExpRating]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''2 days'''''</span>
-| style='width: 150px;'| [[Bahnemann.Chapter6]]
+| style='background-color: pink; width: 150px;'| [[Bahnemann.Chapter6]]
 <span style="color: white; font-size: 10px; background-color: red; border: solid; border-width: 2px; border-radius: 10px; border-color: red; padding: 0px 3px 0px 3px; margin: 0px;">'''''2 WEEKS'''''</span>
-| style='width: 150px;'| [[Fisher.CaseStudy]]
+| style='background-color: lightgreen; width: 150px;'| [[Fisher.CaseStudy]]
-<span style="color: white; font-size: 10px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 0px 3px 0px 3px; margin: 0px;">'''''5 mins'''''</span>
+<span style="color: white; font-size: 10px; background-color: red; border: solid; border-width: 2px; border-radius: 10px; border-color: red; padding: 0px 3px 0px 3px; margin: 0px;">'''''1 WEEK'''''</span>
-| style='width: 150px;'| [[Goldburd.Basics]]
+| style='background-color: khaki; width: 150px;'| [[Goldburd.Basics]]
-<span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''several days'''''</span>
-| style='background-color: ; width: 150px;'| [[Fisher.Visualization]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''several days'''''</span>
+| style='background-color: lightgreen; width: 150px;'| [[Fisher.Visualization]]
+<span style="color: white; font-size: 10px; background-color: red; border: solid; border-width: 2px; border-radius: 10px; border-color: red; padding: 0px 3px 0px 3px; margin: 0px;">'''''1 WEEK'''''</span>
 |- style="line-height: 15px;"
 ! scope='row' style='background-color: lightyellow; width:; border-right: 2px solid;'| 6 &ndash; 10 <span style="color: red;">[25%]</span> <br> ''Cum: <u>60</u>%''
-| style='background-color: ;'| [[Odomirok.8-9-IS]]
+| style='background-color: pink;'| [[Bahnemann.Chapter5]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''several days'''''</span>
-| style='background-color: ;'| [[Odomirok.22-23-GAAP]]
+| style='background-color: ;'| [[Bailey.Simon]]
 <span style="color: white; font-size: 10px; background-color: red; border: solid; border-width: 2px; border-radius: 10px; border-color: red; padding: 0px 3px 0px 3px; margin: 0px;">'''''1 WEEK'''''</span>
-| style='background-color: ;'| [[Odomirok.18-IEE]]
+| style='background-color: ;'| [[Bernegger.Exposure]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''several days'''''</span>
-| style='background-color: orange;'| [[Odomirok.14-F]]
+| style='background-color: lightblue;'| [[Clark.Reinsurance]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''several days'''''</span>
-| style='background-color: orange; width: 135px;'| [[Klann.ReinsComm]]
+| style='background-color: lightgrey; width: 135px;'| ''ISO.Rating''
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''several days'''''</span>
 |- style="line-height: 15px;"
 ! scope='row' style='background-color: lightyellow; width:; border-right: 2px solid;'| 11 &ndash; 15 <span style="color: red;">[15%]</span> <br> ''Cum: <u>75</u>%''
-| style='background-color: yellow;'| [[Cook.Personal]]
+| style='background-color: lightgreen;'| [[Fisher.TableM]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''2 days'''''</span>
-| style='background-color: yellow;'| [[Germani.GovtIns]]
+| style='background-color: lightgreen;'| [[Fisher.TableL]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''2 days'''''</span>
-| style='background-color: yellow; border: 3px solid red'| [[Horn2018.Flood]]
+|| [[Robertson.HazardGroups]]
 <span style="color: white; font-size: 10px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 0px 3px 0px 3px; margin: 0px;">'''''EASY: 2 days'''''</span>
-| style='background-color: ;'| [[Odomirok.26-Taxes]]
+| style='background-color: peachpuff;'| [[Grossi.Curves]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''2 days'''''</span>
-| style='background-color: lightgrey;'| [[Porter.2-Devlpt]]
+| style='background-color: lightgrey;'| ''NCCI.ExperienceRating''
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''1 day'''''</span>
 |- style="line-height: 15px; border-bottom: 2px solid;"
 ! scope='row' style='background-color: lightyellow; width:; border-right: 2px solid;'| 16 &ndash; 20 <span style="color: red;">[10%]</span> <br> ''Cum: <u>85</u>%''
-| style='background-color: coral;'| [[Webel.TRIA-1]]
+| style='background-color: lightgreen;'| [[Fisher.RiskSharing]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''1 day'''''</span>
-| style='background-color: coral;'| [[Webel.TRIA-2]]
+|| [[Couret.Venter]]
 <span style="color: white; font-size: 10px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 0px 3px 0px 3px; margin: 0px;">'''''EASY: 1 hr'''''</span>
-| style='background-color: ;'| [[NAIC.Solvency]]
+| style='background-color: lightblue;'| [[Clark.PropPerRisk]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''3 hrs'''''</span>
-| style='background-color: lightgrey;'| [[Porter.12-Insolvency]]
+|style='background-color: peachpuff;'| [[Grossi.CATModels]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''1-2 hrs'''''</span>
-| style='background-color: ;'| [[Baribeau.Regs]]
+| style='background-color: lightblue;'| [[Clark.CasPerOcc]]
 <span style="color: white; font-size: 10px; background-color: grey; border: solid; border-width: 2px; border-radius: 10px; border-color: grey; padding: 0px 3px 0px 3px; margin: 0px;">'''''1-2 hrs'''''</span>
 |-
 ! scope='row' style='background-color:; width:; border-right: 2px solid;'| 21 &ndash; 25 <span style="color: red;">[7%]</span>
-| style='background-color: ;'| [[Feldblum.Surplus]]
+| style='background-color: lightgreen;'| [[Fisher.OtherLSPlans]]
-| style='background-color: ;'| [[Feldblum.Ratings]]
+| style='background-color: khaki;'| [[Goldburd.Validation]]
-| style='background-color: ; border: 3px solid red'| [[Dearie.Excess]]
+| style='background-color: ;'| [[Mahler.Credibility]]
-| style='background-color: ;'| [[Odomirok.10-Notes]]
+| style='background-color: khaki;'| [[Goldburd.ModelRefinement]]
-| style='background-color: cadetblue;'| [[Kucera.Credit]]
+| style='background-color: ;'| [[ASOP.12]]
 |-
 ! scope='row' style='background-color:; width:; border-right: 2px solid;'| 26 &ndash; 30 <span style="color: red;">[5%]</span>
-| style='background-color: ;'| [[NAIC.Telematics]]
+| style='background-color: lightblue;'| [[Clark.PropertyCAT]]
-| style='background-color: ;'| [[NAIC.Price]]
+| style='background-color: lightblue;'| [[Clark.AggModels]]
-| style='background-color: ;'| [[Odomirok.12-5yr]]
+| style='background-color: khaki;'| [[Goldburd.DataPrep]]
-| style='background-color: lightgrey;'| [[Porter.8-Rates]]
+| style='background-color: khaki;'| [[Goldburd.ModelSelection]]
-| style='background-color: ;'| [[GAO.Report]]
+| style='background-color: lightgreen;'| [[Fisher.Understanding]]
 |- style="border-bottom: 2px solid;"
 ! scope='row' style='background-color:; width:; border-right: 2px solid;'| 31 &ndash; 35 <span style="color: red;">[3%]</span>
-| style='background-color: ;'| [[Grossi.Overview]]
+| style='background-color: peachpuff;'| [[Grossi.Overview]]
-| style='background-color: ;'| [[Fisher.AggExcess]]
+| style='background-color: lightgreen;'| [[Fisher.AggExcess]]
-| style='background-color: ;'| [[Goldburd.ModelBuilding]]
+| style='background-color: khaki;'| [[Goldburd.ModelBuilding]]
-| style='background-color: ;'| [[Goldburd.Interactions]]
+| style='background-color: khaki;'| [[Goldburd.Interactions]]
-| style='background-color: ; border: 3px solid red'| NCCI.Circular
+| style='background-color: lightgrey; border: 3px solid red'| ''NCCI.Circular''
 |-
 ! scope='row' style='background-color: grey; width:; border-right: 2px solid;'| 36 &ndash; 38
-| style='background-color: ;'| [[Fisher.LimitedTableM]]
+| style='background-color: lightgreen;'| [[Fisher.LimitedTableM]]
-| style='background-color: ;'| [[Goldburd.Comments]]
+| style='background-color: khaki;'| [[Goldburd.Comments]]
-| style='background-color: ; border: 3px solid red'| Goldburd.Variations
+| style='background-color: lightgrey; border: 3px solid red'| ''Goldburd.Variations''
 ||
 ||
+|}
+===Articles from Start to Finish===
+{| class='wikitable' style="text-align: center;"
+|-
+! scope='row' style='background-color:grey; width: 50px;'| 1. Fisher
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.ExpRating]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.RiskSharing]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.OtherLSPlans]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.AggExcess]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.Visualization]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.TableM]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.LimitedTableM]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.Understanding]]
+| style='text-align:left; width:; background-color: lightgreen;' | [[Fisher.CaseStudy]]
+|-
+! scope='row' style='background-color:grey; width:;'| 2. Bahnemann
+| style='text-align:left; width:; background-color: pink;'  | [[Bahnemann.Chapter5]]
+| style='text-align:left; width:; background-color: pink;'  | [[Bahnemann.Chapter6]]
+|-
+! scope='row' style='background-color:grey; width:;'| 3. GLMs
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.Basics]]
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.ModelBuilding]]
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.DataPrep]]
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.ModelSelection]]
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.Interactions]]
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.ModelRefinement]]
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.Validation]]
+| style='text-align:left; background-color: khaki; width:;' | [[Goldburd.Comments]]
+| style='text-align:left; background-color: lightgrey; width:;' | ''Goldburd.Variations''
+|-
+! scope='row' style='background-color:grey; width:;'| 4. Clark
+| style='text-align:left; background-color: lightblue;' | [[Clark.Reinsurance]]
+| style='text-align:left; background-color: lightblue;' | [[Clark.PropPerRisk]]
+| style='text-align:left; background-color: lightblue;' | [[Clark.CasPerOcc]]
+| style='text-align:left; background-color: lightblue;' | [[Clark.AggModels]]
+| style='text-align:left; background-color: lightblue;' | [[Clark.PropertyCAT]]
+|-
+! scope='row' style='background-color:grey; width:;'| 5. Grossi
+| style='text-align:left; background-color: peachpuff;' | [[Grossi.Overview]]
+| style='text-align:left; background-color: peachpuff;' | [[Grossi.Curves]]
+| style='text-align:left; background-color: peachpuff;' | [[Grossi.CATModels]]
+|-
+! scope='row' style='background-color:grey; width:;'| 6.
+| style='text-align:left; background-color: ;' | [[Bailey.Simon]]
+|-
+! scope='row' style='background-color:grey; width:;'| 7.
+| style='text-align:left; background-color: ;' | [[Bernegger.Exposure]]
+|-
+! scope='row' style='background-color:grey; width:;'| 8.
+| style='text-align:left; background-color: lightgrey;' | ''ISO.Rating''
+|-
+! scope='row' style='background-color:grey; width:;'| 9.
+| style='text-align:left; width:; background-color: ;'    | [[Robertson.HazardGroups]]
+|-
+! scope='row' style='background-color:grey; width:;'| 10.
+| style='text-align:left; width:; background-color: lightgrey;' | ''NCCI.ExperienceRating''
+|-
+! scope='row' style='background-color:grey; width:;'| 11.
+| style='text-align:left; width:; background-color: ;' | [[Couret.Venter]]
+|- style='border-top: 2px solid;'
+! scope='row' style='background-color:lightgrey; width:; '| 12.
+| style='text-align:left; width:; background-color: ;' | [[Mahler.Credibility]]
+|-
+! scope='row' style='background-color:lightgrey; width:;'| 13.
+| style='text-align:left; width:; background-color: ;'     | [[ASOP.12]]
+|-
+! scope='row' style='background-color:lightgrey; width:;'| 14.
+| style='text-align:left; width:; background-color: lightgrey;'   | ''NCCI.Circular''
 |}

BattleBriefings: Difference between revisions

Revision as of 11:53, 9 July 2020

Introduction

By Rank (based roughly on pts-per-exam over recent exams)

Articles from Start to Finish

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