New Exam 8 CAS Monograph Available
Today, the CAS published its latest monograph, From GLMs to Comprehensive Insurance Pricing: Techniques and Challenges. Written by Alan Chalk, David Deacon, Montserrat Guillen, and Max Martinelli, this work focuses on the real challenges that practicing actuaries face when developing rating plans. Blending statistical rigor with practical insight, the authors provide a comprehensive, modern framework for constructing transparent, reliable, and high-performing insurance pricing models.
The Exam 8 Committee commissioned this monograph to enhance the Exam 8 content outline. The monograph will be applicable to Exam 8 beginning with the October 2026 administration.
Delia Roberts, FCAS, Exam 8 Content Outline Vice-Chair, noted how this work is both necessary and timely. She said, “As artificial intelligence and predictive analysis continue to move to the forefront of our world, they also move to the forefront of actuarial science. This monograph is intended to build on Monograph No. 5 – Generalized Linear Models for Insurance Rating, by Goldburd et al., and to complement Monograph No. 13 – Penalized Regression and Lasso Credibility, by Holmes and Casotto.”
She continued, “This monograph uses case studies to put forward techniques for dealing with the challenges of implementing rating models. It is not the intention of the authors to build models without human intervention, but to make the best use of the modern computing tools available to build rating models that enhance insurance pricing.”
CAS Monographs expand the body of knowledge available to actuaries, offering in-depth explorations of key topics that have a direct impact on their work. This latest addition to the series underscores how the CAS is committed to providing CAS members with the research and resources they need to advance their careers.
