Syllabus of Basic Education
Complete Online Text References for Exam 7
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|Brosius, E., "Loss Development Using Credibility," CAS Study Note, March 1993.||Brosius||A1||OP|
|Clark, D.R., "LDF Curve Fitting and Stochastic Reserving: A Maximum Likelihood Approach," Casualty Actuarial Society Forum, Fall 2003.||Clark||A2-A3||OP|
|Goldfarb, R. "P&C Insurance Company Valuation," CAS Study Note, October 2010.||Goldfarb||B1-B3||OP|
|Hürlimann, W., "Credible Loss Ratio Claims Reserves: The Benktander, Neuhaus and Mack Methods Revisited," ASTIN Bulletin 39(1), 2009, pp. 81-99. Candidates are not responsible for mathematical proofs. For candidates attempting to replicate Numerical Examples in Section 7, corrected tables can be found here.||Hürlimann||A1||OP|
|Mack, T., "Measuring the Variability of Chain Ladder Reserve Estimates," Casualty Actuarial Society Forum, Spring 1994.||Mack (1994)||A2-A3||OP|
|Mack, T. "Credible Claims Reserve: The Benktander Method," ASTIN Bulletin, 2000, pp. 333-337.||Mack (2000)||A1||OP|
|Marshall, K.; Collings, S.; Hodson, M.; and O'Dowd, C., "A Framework for Assessing Risk Margins," Institute of Actuaries of Australia 16th General Insurance Seminar, 9-12 November 2008, Coolum, Australia.||Marshall et al.||A5-A10||OP|
|Meyers, G., "Stochastic Loss Reserving Using Bayesian MCMC Models," CAS Monograph #1.||Meyers (2015)||A5-A10||OP|
|Patrik, G.S., "Reinsurance," Foundations of Casualty Actuarial Science, Fourth Edition, Casualty Actuarial Society, 2001, Chapter 7, pp. 434-464 (section on Reinsurance Loss Reserving).||Patrik||A11-A13||OP|
|Sahasrabuddhe, R., "Claims Development by Layer: The Relationship between Claims Development Patterns, Trend and Claim Size Models," Casualty Actuarial Society E-Forum, Fall 2010, Volume 1 (revised January 2, 2013). Including errata.||Sahasrabuddhe||A4||OP|
|Shapland, M., "Using the ODP Bootstrap Model: A Practitioner's Guide," CAS Monograph #4. Supplementary modeling files linked on pages 61-62 will aid in understanding of the method's application.||Shapland||A5-A10||OP|
|Siewert, J.J., "A Model for Reserving Workers Compensation High Deductibles," Casualty Actuarial Society Forum, Summer 1996, pp. 217-244.||Siewert||A4||OP|
|Teng, M.T.S. and Perkins, M.E., "Estimating the Premium Asset on Retrospectively Rated Policies," PCAS LXXXIII, 1996, pp. 611-647, excluding Section 5. Including discussion of paper: Feldblum, S., PCAS LXXXV, 1998, pp. 274-315, Sections 1 and 2 only. Candidates will not be held responsible for specific Annual Statement notation but will be responsible for concepts presented.||Teng and Perkins||A14||OP|
|Venter, G.G., "Testing the Assumptions of Age-to-Age Factors," PCAS LXXXV, 1998, pp. 807-847.||Venter Factors||A2-A3||OP|
|Verrall, R.J., "Obtaining Predictive Distributions for Reserves Which Incorporate Expert Opinion," Variance, Vol. 1, Issue 1, 2007, Casualty Actuarial Society. Including errata.||Verrall||A5-A10||OP|
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