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Actuarial Notes (study manual) Overview

Number of pages: Over 1,000
Availability: June 23, 2008
Volumes 1a and 1b: Covers Syllabus Sections A and D of the CAS Syllabus of Examinations
Volume 2: Covers Syllabus Sections B and C of the CAS Syllabus of Examinations

New to the 2008 Syllabus Readings

Blanchard, R.S., “Basic Insurance Accounting—Selected Topics,” CAS Study Note, June 2007.

Conger, R.F.; and Nolibos, A., “Estimating ULAE Liabilities: Rediscovering and Expanding Kittel’s Approach,” CAS Forum, Fall 2003, pp. 94-139, excluding appendices.

Changes To The 2008 Syllabus Readings

Bornhuetter, R.L.; and Ferguson, R.E., “The Actuary and IBNR,” PCAS LIX, 1972, pp. 181-195.

Casualty Actuarial Society Valuation, Finance, and Investments Committee, “Accounting Rule Guidance Statement of Financial Accounting Standards No. 113—Considerations in Risk Transfer Testing” Casualty Actuarial Society Forum, Fall 2002, pp. 305-338, excluding Sections 7 and 8.

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.

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 authors Volumes 1a and 1b, consisting of his summaries to the syllabus readings within Section A of the 2008 Syllabus of Examinations. Bob's approach to summarization occurs at two levels. First, he summarizes the salient points within each reading, and then combines related summaries by section. As an example, within the section entitled "Aggregate Methods" of the exam 6 study manual, students will find Bob's summaries of the papers by Wiser, Bornhuetter-Ferguson, Fisher-Lester, etc.

Richard Zarnik authors Volume 2, covering the syllabus readings within Sections B, C and D of the 2008 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.