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.
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