How closely related are Course 3 & 4 and would any of you suggest sitting for both of them at the same time. What is the main difference between the two. Thanks for the info.
11-08-2002, 01:51 PM
Do not write these at the same time. It's just not really feasible, especially if you don't have prior exposure to the material.
Course 3 can be worked more from first principles. It covers life contingencies, ruin theory, simulation, stochastic processes, and some loss models.
Course 4 requires intensive formula memorization. It covers the rest of loss models and simulation, regression, time series, survival analysis, and credibility.
You can sit for Course 4 before Course 3 if you have a more statistical background, but I would not take them at the same time. There is just too much material to fit in your brain.
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