Exam Summaries

2019 Fall

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 Fisher.ExpRating 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)	Fisher.ExpRating	describe: when to use experience rating	essay 100%	No
E	(2019.Fall #10)	Fisher.ExpRating	evaluate: experience modification rating plans using loss ratios and the efficiency test	essay 100%	No
E	(2019.Fall #11)	Fisher.ExpRating	calculate: experience mod, describe: experience rating improvement, evaluate: effectiveness of proposed improvement	calc 85% essay 15%	No
E	(2019.Fall #12)	Fisher.TableM Fisher.Visualization	discuss: appropriateness of proposed Table M calculate: insurance charges	calc 50% essay 50%	No
E	(2019.Fall #13)	Bahnemann.Chapter5	calculate: excess layer losses	calc 75% essay 25%	No
E	(2019.Fall #14)	Fisher.Visualization Fisher.LimitedTableM	calculate: basic premium evaluate: appropriateness of method	calc 50% essay 50%	No
E	(2019.Fall #15)	Bahnemann.Chapter5 Fisher.RiskSharing	calculate: basic premium from distribution, discuss: appropriateness of distribution	calc 85% essay 15%	No
E	(2019.Fall #16)	Fisher.LimitedTableM Fisher.OtherLSPlans	calculate: Build a Limited Table M discuss: alternate loss-sensitive plans	calc 50% essay 50%	No
E	(2019.Fall #17)	Clark.Reinsurance	calculate: technical ratio with sliding scale commission and carry-forward provision	calc 100%	No
E	(2019.Fall #18)	Clark.PropPerRisk Bernegger.Exposure	calculate: reinsurance excess layer loss cost using historical data and exposure curves, profit commission to premium ratio	calc 90% essay 10%	Yes
E	(2019.Fall #19)	Grossi.Curves	calculate: return period, identify: types of reinsurance, describe: reinsurance premium magnitudes	calc 30% essay 70%	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