Actuarial Notes (Study Manuals)
General Overview

Due to changes in the Exam 5 syllabus, we have invested hundreds of hours in a complete rewrite of Volume 2a and 2b of our Exam 5 study programs for 2010.

These new volumes, which cover Ratemaking, Classification Analysis and Miscellaneous Ratemaking Topics (Sections D-F of the CAS Syllabus), total nearly 600 pages and include detailed analyses of the new chapters.


Number of pages: Nearly 1,100, of which Volumes 2a and 2b contain nearly 600 pages.

Anticipated Availability: Volumes 1 and 2a:  12/28/2009; Volume 2b:  1/6/2010

Volume 1: Introduction to P&C Insurance and Ins Operations (covers Sections A-C of the CAS Syllabus of Examinations).

Volumes 2a and 2b: Ratemaking, Classification Analysis, and Miscellaneous Ratemaking Topics (covers Sections D-F of the CAS Syllabus of Examinations).

New Additions To The 2010 Syllabus Readings

  • NEW Werner, G. and Modlin, C, "Basic Ratemaking" CAS
    CHAPTER 1: INTRODUCTION
    CHAPTER 2: RATING MANUALS
    CHAPTER 3: RATEMAKING DATA
    CHAPTER 4: EXPOSURES
    CHAPTER 5: PREMIUM
    CHAPTER 6: LOSSES AND LAE
    CHAPTER 7: OTHER EXPENSES AND PROFIT
    CHAPTER 8: OVERALL INDICATION
    CHAPTER 9: TRADITIONAL RISK CLASSIFICATION.
    CHAPTER 10: MULTIVARIATE CLASSIFICATION
    CHAPTER 11: SPECIAL CLASSIFICATION
    CHAPTER 12: CREDIBILITY
    CHAPTER 13: OTHER CONSIDERATIONS
    CHAPTER 14: IMPLEMENTATION
    CHAPTER 15: COMMERCIAL LINES RATING MECHANISMS
    CHAPTER 16: CLAIMS-MADE RATEMAKING
    APPENDIX A: AUTO INDICATION
    APPENDIX B: HOMEOWNERS INDICATION
    APPENDIX C: MEDICAL MALPRACTICE INDICATION
    APPENDIX D: WORKERS COMPENSATION INDICATION
    APPENDIX E: UNIVARIATE CLASSIFICATION
    APPENDIX F: MULTIVARIATE CLASSIFICATION EXAMPLE


  • NEW Nyce, C.M., Personal Insurance (Second Edition), American Institute for Chartered Property Casualty Underwriters, 2008, pp. 1.3 - 1.11 (up to Personal Financial Planning Loss Exposures), 1.17 - 1.25 (up to Insurance as a Risk Financing Technique), 3.3 - 3.56, 4.3 - 4.25 (up to Endorsements to the Personal Auto Policy), 5.3 - 5.51, 6.3 - 6.22 (up to HO-3 Section II-Conditions), 6.32 (from HO-3 Section II-Liability Coverage Case) - 6.38,

These are SIGNIFICANT changes to CAS exam 5 syllabus.

   designed by Shepherds Loft