Actuarial Notes (study manual) Overview
  • Number of pages: Approximately 1,100
  • Volumes 1a and 1b: Covers Sections A and D of the CAS Exam 6 Syllabus  (Available 6/21/10).
    Volume 1a includes numerous sample questions and past CAS questions and solutions associated with articles no longer on the syllabus but were used extensively by Friedland in authoring her paper.

    ** Sample questions (for many articles) and Past CAS questions through 2009 are in the manual. "Modified" past CAS questions, for content associated with the Friedland article, are also contained in the manual. We define "Modified past CAS questions" to be framed as past CAS questions that were asked and modified to test specifically the content found in the Friedland article. Thus these modified past CAS questions can be indicative of what can be asked on future CAS exams. **

  • Volume 2: Covers Sections B and C of the CAS Syllabus of Exams  (Available 6/21/10).
  • Volume 3: Available 9/13/2010.


New to the 2009 Syllabus Readings

“Actuarial Standard of Practice No. 43, Property/Casualty Unpaid Claim Estimates” (Doc. No. 106; June 2007).

Friedland, J.F., “Estimating Unpaid Claims Using Basic Techniques,” Casualty Actuarial Society, March 2009.
This 375 page text was NEW to the 2009 exam 6 syllabus. Our summary of this article appears in our Volume 1a study manual.
Click here to see the table of contents associated with Volume 1a

NEW! Sign up for our online demo and receive a 60+ Page compendium of our study materials for Chapter 7, The Loss Development Technique, from the Friedland text Basic Techniques for Estimating Unpaid Claims!
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Exam 6 Content

Links to excerpts from the manual are given below. Print out the content and then compare our summarizations within these excerpts to the corresponding pages from the syllabus readings. These excerpts are fair representations of the quality you can expect from all our articles and solutions to past CAS exam questions.

Exam 6 Study Manual: Table of Contents (TBA) Exam 6 Study Manual Excerpts: An Exposure Rating Approach. Ludwig, S.J (pdf) Solutions to Past CAS Questions

1996 - Part 10 - Question 34 and Solution. (pdf)


Authors & Format

Bob Scott and Richard Zarnik author Volumes 1a and 1b, consisting of their summaries of the syllabus readings within Section A of the 2010 Syllabus of Examinations. Volume 1a is a summary of the Friedland text. 
This volume includes numerous sample questions and past CAS questions and solutions associated with the following articles that are no longer on the syllabus but were used extensively by Friedland in authoring of her paper. Many past CAS questions associated with these articles are integral to preparing for future CAS questions arising from the Friedland text.
Adler, M.; and Kline, C.D. Jr., "Evaluating Bodily Injury Liabilities Using a Claims Closure Model"
Berquist, J.R.; and Sherman, R.E., "Loss Reserve Adequacy Testing: A Comprehensive, Systematic Approach"
Bornhuetter, R.L.; and Ferguson, R.E., "The Actuary and IBNR"
Fisher, W.H.; and Lange, J.T., "Loss Reserve Testing: A Report Year Approach"
Fisher, W.H.; and Lester, E.P., "Loss Reserve Testing in a Changing Environment"
Wiser, R.F.; Cockley, J.E; and Gardner A., "Loss Reserving," Foundations of CAS (Fourth Edition

Richard Zarnik authors Volume 2, covering the syllabus readings within Sections A, B, C and D of  the 2010 Syllabus of Examinations. His approach to summarization occurs at the syllabus reading level. Each summary begins with a listing of all the subsections within the reading so that one can quickly determine the meaningful subtopics discussed by each author. This assists students in identifying the "bigger picture" towards the end of their exam preparation. Then within each subsection, a summary of the relevant information is provided. The summary typically takes the form of lists, side by side comparisons of concepts/methods, and detailed exhibits which authors present in the readings, highlighting computational approaches towards reproducing them.

Finally, the summary takes place only after a page by page review of the syllabus readings have been analyzed. Both authors provide comprehensive solutions to past CAS questions. The solutions are instructional, since they provide students with commentary on why exam questions are true or false, as well as providing a step by step approach to solving computational based questions.

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