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Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 11-07-2017, 04:33 PM
Replies: 189
Views: 13,217
Posted By Gazat
Doesn't seem like anything changed.

Doesn't seem like anything changed.
Forum: Buy & Sell Actuarial Study Materials 11-02-2017, 05:02 PM
Replies: 2
Views: 179
Posted By Gazat
I can send you my copy of the cookbook and the...

I can send you my copy of the cookbook and the exercises. I'm in Toronto so not sure how much shipping would be. What price were you thinking?
Forum: Careers - Employment 11-02-2017, 04:06 PM
Replies: 165
Views: 14,686
Posted By Gazat
Any news how much your buddy is making right now?

Any news how much your buddy is making right now?
Forum: Careers - Employment 11-02-2017, 03:54 PM
Replies: 29
Views: 1,962
Posted By Gazat
Have you considered R&D positions in insurance...

Have you considered R&D positions in insurance companies? That way you'll be able to more technical work, while still getting exam support in case you want to get that FCAS salary.
Forum: Exam 5 (new) - Ratemaking/Reserving 11-02-2017, 02:59 PM
Replies: 387
Views: 29,344
Posted By Gazat
Candidate walks into job interview. ...

Candidate walks into job interview.

Interviewer: "Did you take any electronically administered CAS exams?"
Candidate: "Yes, I took all the upper level exams on my computer with remote...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 11-01-2017, 05:07 PM
Replies: 5,988
Views: 204,006
Posted By Gazat
#humblebrag

#humblebrag
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 11-01-2017, 05:07 PM
Replies: 5,988
Views: 204,006
Posted By Gazat
Not sure about TIA, but RF+CF covers everything...

Not sure about TIA, but RF+CF covers everything really well. I didn't read a single page of source material for 7 and passed on first attempt.
Forum: Careers - Employment 11-01-2017, 12:54 PM
Replies: 167
Views: 14,605
Posted By Gazat
I've always found a way to use R in my job...

I've always found a way to use R in my job somehow. Good managers will be like "That's interesting what you've done there, can you do this, this and this?"

Then, other managers will be more...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-31-2017, 02:50 PM
Replies: 5,988
Views: 204,006
Posted By Gazat
Page 109 of the Fisher paper mentions this: ...

Page 109 of the Fisher paper mentions this:

Using Parameterized distributions to develop Tables M
Disadvantages:
1. If the assumptions underlying the selected distribution aren’t close enough to...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-31-2017, 02:42 PM
Replies: 5,988
Views: 204,006
Posted By Gazat
Wonder if both a table M and table L answer would...

Wonder if both a table M and table L answer would receive credit for 12a.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-31-2017, 02:38 PM
Replies: 5,988
Views: 204,006
Posted By Gazat
I did it this way too and heard a few people...

I did it this way too and heard a few people doing it the same way.
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 10-30-2017, 05:31 PM
Replies: 189
Views: 13,217
Posted By Gazat
Need to make it to top 5 posters imo.

Need to make it to top 5 posters imo.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-30-2017, 11:10 AM
Replies: 5,988
Views: 204,006
Posted By Gazat
Guess it depends how successful the graders have...

Guess it depends how successful the graders have been at the slots.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-27-2017, 11:56 AM
Replies: 736
Views: 27,686
Posted By Gazat
BS exam imo. The exam tests us more in finding...

BS exam imo. The exam tests us more in finding all the hidden curve balls than actually understanding the material.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-27-2017, 11:34 AM
Replies: 736
Views: 27,686
Posted By Gazat
:iatp:

:iatp:
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 05:54 PM
Replies: 122
Views: 6,090
Posted By Gazat
Will do.

Will do.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 05:51 PM
Replies: 122
Views: 6,090
Posted By Gazat
Did this too. Someone mentioned you were supposed...

Did this too. Someone mentioned you were supposed to multiply expected losses times 3?
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 05:49 PM
Replies: 23
Views: 1,283
Posted By Gazat
Think I lost a lot of points on this question....

Think I lost a lot of points on this question. This one may mean pass or fail for me.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 05:48 PM
Replies: 23
Views: 1,283
Posted By Gazat
:notworth:

:notworth:
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 05:22 PM
Replies: 23
Views: 1,283
Posted By Gazat
Yup, that's what I did too.

Yup, that's what I did too.
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 10-26-2017, 05:20 PM
Replies: 189
Views: 13,217
Posted By Gazat
Seems like the manual excerpt dates back to 2015....

Seems like the manual excerpt dates back to 2015. Wonder how useful people found the manual for past sittings.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 05:03 PM
Replies: 122
Views: 6,090
Posted By Gazat
I think you're supposed to do Mod = Z x...

I think you're supposed to do Mod = Z x Actual/Expected +(1-Z) =( Actual + K )/ (Expected + K)

If Actual = 4300 x 3 = 12,900, you'd get Mod = 0.98.
If Actual = 4300, you'd get Mod = 1.57.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 12:22 PM
Replies: 736
Views: 27,686
Posted By Gazat
Even then, for a low frequency LoB you'd set your...

Even then, for a low frequency LoB you'd set your threshold lower I'd assume.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 11:01 AM
Replies: 736
Views: 27,686
Posted By Gazat
It's cause a glm will predict average claim...

It's cause a glm will predict average claim frequency and adjust that up or down based on characteristics of the claim.

So if your average frequency is 1%, it will predict e.g. 2% for a risk with...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 10:34 AM
Replies: 736
Views: 27,686
Posted By Gazat
In a low frequency LoB all your predicted...

In a low frequency LoB all your predicted probabilities are going to be much lower. Hence lower your threshold too, otherwise you won't predict any claims.
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