Exam Summaries: Difference between revisions

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! link !! style="width: 120px;" | reference !! reading/chapter !! topic !! style="width: 135px;" | type
! link !! style="width: 120px;" | reference !! reading/chapter !! topic !! style="width: 135px;" | type !! Integrative Question?


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|| [https://www.battleacts8.ca/8/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>]
|| [https://www.battleacts8.ca/8/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>
|| <span style="color: red;">'''(2019.Fall #1)'''</span>
|| [[Werner04.Exposures]]
|| [[Couret.Venter]]
|| '''calculate''': exposure aggregation
|| '''calculate''': mean frequency estimates using two credibility procedures <br> '''explain''': relationship between one-dimensional and multi-dimensional credibility
|| calc <span style="color: red;">'''100%'''</span>
|| calc <span style="color: red;">'''70%'''</span> essay <span style="color:green;">'''30%'''</span>
|| No
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Goldburd.Validation]]
|| '''calculate''': loss ratio plot, '''describe''': disadvantages of validation plots, '''recommend''': which model to use
|| calc <span style="color: red;">'''25%'''</span> essay <span style="color:green;">'''75%'''</span>
|| No
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Bailey.Simon]]
|| '''calculate''': experience modification factor <br> '''describe''': how credibility and experience rating work
|| calc <span style="color: red;">'''70%'''</span> essay <span style="color:green;">'''30%'''</span>
|| No
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Robertson.HazardGroups]]
|| '''justify''': choice of distance measure, '''calculate''': one iteration of weighted k-means algorithm
|| calc <span style="color: red;">'''50%'''</span> essay <span style="color:green;">'''50%'''</span>
|| No
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Goldburd.Basics]] <br> [[Goldburd.Validation]]
|| '''explain''': choice of link function <br> '''calculate''': sensitivity and specificity, ROC curve, '''describe''': claim severity impacts threshold
|| calc <span style="color: red;">'''75%'''</span> essay <span style="color:green;">'''25%'''</span>
|| No
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Goldburd.Interactions]]
|| '''calculate''': model frequency and intercept with interactions '''discuss''': advantages of using base levels
|| calc <span style="color: red;">'''75%'''</span> essay <span style="color:green;">'''25%'''</span>
|| No
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Fisher.CaseStudy]] <br> [[Bailey.Simon]] <br> [[Fisher.RiskSharing]] <br> [[Fisher.TableM]]
|| '''calculate''': expected ground-up limited loss <br> '''calculate''': modified expected unlimited loss <br> '''calculate''': guaranteed cost premium <br> '''calculate''': expected loss in layer, '''discuss''': appropriateness of assumptions
|| calc <span style="color: red;">'''90%'''</span> essay <span style="color:green;">'''10%'''</span>
|| <span style="color:purple;">'''Yes'''</span>
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Bahnemann.Chapter6]]
|| '''calculate''': ILFs and premium
|| calc <span style="color: red;">'''100%'''</span>  
|| No
 
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Couret.Venter]]
|| '''describe''': relationship between credibility and experience rating
|| essay <span style="color:green;">'''100%'''</span>
|| No


|}
|}
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|| <span style="color: red;">'''(2018.Fall #9)'''</span>
|| <span style="color: red;">'''(2018.Fall #9)'''</span>
|| [[Fisher.ExpRating]]  
|| [[Fisher.ExpRating]]  
|| '''calculate''': apply the efficiency test, '''explain'': how adverse selection may impact insurers
|| '''calculate''': apply the efficiency test, '''explain''': how adverse selection may impact insurers
|| calc <span style="color: red;">'''75%'''</span> essay <span style="color: green;">'''25%'''</span>
|| calc <span style="color: red;">'''75%'''</span> essay <span style="color: green;">'''25%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Fisher.CaseStudy]] <br> [[Fisher.ExpRating]]
|| '''calculate''': expected reported losses <br> '''calculate''': experience modification factor
|| calc <span style="color: red;">'''100%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| [[ISO.Rating]]
|| '''calculate''': experience modification, '''discuss''': schedule rating selection
|| calc <span style="color: red;">'''40%'''</span> essay <span style="color: green;">'''60%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Fisher.CaseStudy]]
|| '''calculate''': total cost of each plan, '''discuss''': recommend a plan and suggest improvements
|| calc <span style="color: red;">'''50%'''</span> essay <span style="color: green;">'''50%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Bahnemann.Chapter5]]
|| '''calculate''': number of excess claims, '''calculate''': inflationary pressure
|| calc <span style="color: red;">'''100%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| NCCI.RetroRating <span style="color:brown;">''outdated''</span> <br> [[Fisher.RiskSharing]]
|| '''calculate''': ratio of basic to standard premium and net insurance charges <br> '''discuss''': using prior loss experience
|| calc <span style="color: red;">'''80%'''</span> essay <span style="color: green;">'''10%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Clark.Reinsurance]]
|| '''calculate''': primary insurer's part of loss corridor
|| calc <span style="color: red;">'''100%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Grossi.Curves]]
|| '''calculate''': ceded and net Probable Maximum Loss, '''discuss''': should the reinsurer offer the treaty?
|| calc <span style="color: red;">'''60%'''</span> essay <span style="color: green;">'''40%'''</span>
|| No
|-
|| [https://www.battleacts8.ca/8/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>
|| [[Grossi.Overview]] <br> [[Grossi.CATModels]]
|| '''discuss''': catastrophe model modules <br> '''describe''': types of uncertainty and how it can be incorporated in a model
|| essay <span style="color: green;">'''100%'''</span>
|| No
|| No


|}
|}

Revision as of 11:50, 8 July 2020

2019 Fall

Based on user feedback, the BattleCards corresponding to the 2019.Fall exam will NOT be loaded into the BattleActs database until after the 2020.Spring exam. This is to provide the opportunity for practice on a fresh exam prior to your real exam.

link reference reading/chapter topic type Integrative Question?
E (2019.Fall #1) Couret.Venter calculate: mean frequency estimates using two credibility procedures
explain: relationship between one-dimensional and multi-dimensional credibility 		calc 70% essay 30% No
E (2019.Fall #2) Goldburd.Validation calculate: loss ratio plot, describe: disadvantages of validation plots, recommend: which model to use calc 25% essay 75% No
E (2019.Fall #3) Bailey.Simon calculate: experience modification factor
describe: how credibility and experience rating work 		calc 70% essay 30% No
E (2019.Fall #4) Robertson.HazardGroups justify: choice of distance measure, calculate: one iteration of weighted k-means algorithm calc 50% essay 50% No
E (2019.Fall #5) Goldburd.Basics
Goldburd.Validation 		explain: choice of link function
calculate: sensitivity and specificity, ROC curve, describe: claim severity impacts threshold 		calc 75% essay 25% No
E (2019.Fall #6) Goldburd.Interactions calculate: model frequency and intercept with interactions discuss: advantages of using base levels calc 75% essay 25% No
E (2019.Fall #7) Fisher.CaseStudy
Bailey.Simon
Fisher.RiskSharing
Fisher.TableM 		calculate: expected ground-up limited loss
calculate: modified expected unlimited loss
calculate: guaranteed cost premium
calculate: expected loss in layer, discuss: appropriateness of assumptions 		calc 90% essay 10% Yes
E (2019.Fall #8) Bahnemann.Chapter6 calculate: ILFs and premium calc 100% No
E (2019.Fall #9) Couret.Venter describe: relationship between credibility and experience rating essay 100% No

2018 Fall

link reference reading/chapter topic type Integrative Question?
E (2018.Fall #1) Mahler.Credibility
Bahnemann.Chapter5
Clark.Reinsurance 		calculate: Chi-square test and expected claim frequency
calculate: profitability of reinsurance
discuss: which reinsurance option is best 		calc 80% essay 20% Yes
E (2018.Fall #2) Bahnemann.Chapter5
Bahnemann.Chapter6 		calculate: annual premiums under different deductibles
calculate: profitability of reinsurance
calculate: risk loaded ILFs 		calc 90% essay 10% Yes
E (2018.Fall #3) Bailey.Simon calculate: number of claims and merit rating factor calc 80% essay 20% No
E (2018.Fall #4) ASOP.12 discuss: the use of a discount essay 100% No
E (2018.Fall #5) Goldburd.ModelSelection discuss: model fit and alternate selections essay 100% No
E (2018.Fall #6) Goldburd.ModelRefinement calculate: two statistical measures of model fit calc 75% essay 25% No
E (2018.Fall #7) Goldburd.Basics calculate: offset and fitted probability
discuss: use of logistic regression 		calc 50% essay 50% No
E (2018.Fall #8) Bahnemann.Chapter6 compare and contrast: use of risk loaded ILFs vs. varying profit and contingency provisions essay 100% No
E (2018.Fall #9) Fisher.ExpRating calculate: apply the efficiency test, explain: how adverse selection may impact insurers calc 75% essay 25% No
E (2018.Fall #10) Fisher.CaseStudy
Fisher.ExpRating 		calculate: expected reported losses
calculate: experience modification factor 		calc 100% No
E (2018.Fall #11) ISO.Rating calculate: experience modification, discuss: schedule rating selection calc 40% essay 60% No
E (2018.Fall #12) Fisher.CaseStudy calculate: total cost of each plan, discuss: recommend a plan and suggest improvements calc 50% essay 50% No
E (2018.Fall #13) Bahnemann.Chapter5 calculate: number of excess claims, calculate: inflationary pressure calc 100% No
E (2018.Fall #14) NCCI.RetroRating outdated
Fisher.RiskSharing 		calculate: ratio of basic to standard premium and net insurance charges
discuss: using prior loss experience 		calc 80% essay 10% No
E (2018.Fall #15) Clark.Reinsurance calculate: primary insurer's part of loss corridor calc 100% No
E (2018.Fall #16) Grossi.Curves calculate: ceded and net Probable Maximum Loss, discuss: should the reinsurer offer the treaty? calc 60% essay 40% No
E (2018.Fall #17) Grossi.Overview
Grossi.CATModels 		discuss: catastrophe model modules
describe: types of uncertainty and how it can be incorporated in a model 		essay 100% No
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