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Search: Posts Made By: Nate!
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 01-02-2018, 11:59 AM
Replies: 6,806
Views: 324,475
Posted By Nate!
FYI the CAS will be releasing a corrected report...

FYI the CAS will be releasing a corrected report which will contain the pass mark information. It was an accident apparently they missed the page with the usual info in it.
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 12-29-2017, 11:07 AM
Replies: 6,101
Views: 331,413
Posted By Nate!
I found 9 relatively straightforward personally....

I found 9 relatively straightforward personally. I had a fair exam and passed confidently (2017). Since we are talking about 9 I'll give a little rundown on the syllabus which might be helpful for...
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 12-20-2017, 12:52 PM
Replies: 6,101
Views: 331,413
Posted By Nate!
Is BKM 3 on the syllabus? I didn't bother with...

Is BKM 3 on the syllabus? I didn't bother with 1-5 at all - not sure what's in there but you probably have enough of a knowledge base to start with 6.
Forum: Exam 9 (old Part 8) - Financial Risk & Rate of Return 12-20-2017, 12:50 PM
Replies: 6,101
Views: 331,413
Posted By Nate!
I would recommend buying it. Option 2 is fine -...

I would recommend buying it. Option 2 is fine - pretty sure it was identical in every material way. Passed with a 7.

TIA is fine, but I felt it very worthwhile to go through the book first, and...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 12-11-2017, 03:06 PM
Replies: 6,806
Views: 324,475
Posted By Nate!
FCAS!!!!!!!!

FCAS!!!!!!!!
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 12-11-2017, 02:43 PM
Replies: 6,806
Views: 324,475
Posted By Nate!
I promised myself I wouldn't look at this thread...

I promised myself I wouldn't look at this thread until 1:30. Glad I kept to it. Soooo on edge!!!
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-28-2017, 09:30 PM
Replies: 6,806
Views: 324,475
Posted By Nate!
Ha!

Ha!
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-27-2017, 04:49 PM
Replies: 738
Views: 40,347
Posted By Nate!
I knew that my points were wrong, but I labeled X...

I knew that my points were wrong, but I labeled X axis % of MPL, and Y axis G(X). That much was correct even if points are wrong.

I feel like this happens every exam for me, where I know I am...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-27-2017, 04:04 PM
Replies: 738
Views: 40,347
Posted By Nate!
I don't think you will get zero. If you set up...

I don't think you will get zero. If you set up graph and labeled axes properly, that's gotta be at least a quarter point.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-27-2017, 12:46 AM
Replies: 738
Views: 40,347
Posted By Nate!
I had a great bs answer that I contrasted...

I had a great bs answer that I contrasted train,test with train, validate, test. Disadvantage of latter is if you don't have enough data you can run into credibility issues.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 06:21 PM
Replies: 738
Views: 40,347
Posted By Nate!
Isn't F(0) = 0? F(0.000001) = 0.8 Maybe...

Isn't F(0) = 0?
F(0.000001) = 0.8

Maybe there's some derivative, instantaneous change thing happening.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 06:01 PM
Replies: 19
Views: 1,879
Posted By Nate!
I also noted that the proposed plan did beat...

I also noted that the proposed plan did beat current on efficiency, but if you look at MLR spread the current plan is better because proposed had very similar values for last three quintiles.
...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 03:43 PM
Replies: 122
Views: 13,967
Posted By Nate!
Right, I was thinking that on the exam I...

Right, I was thinking that on the exam I remember. I just used like half of the range of the 4M plus as my assumption for 5M+ claims as a pie out of sky number to get exp number in layer.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 03:40 PM
Replies: 738
Views: 40,347
Posted By Nate!
38305

38305
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 03:32 PM
Replies: 122
Views: 13,967
Posted By Nate!
Yes, please somebody answer this. My...

Yes, please somebody answer this. My understanding was that 2.25M was the MRL, which was constant at all limits, suggesting that it could be modeled with an exponential distribution.

I think...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 02:13 PM
Replies: 122
Views: 13,967
Posted By Nate!
Okay, looks like I got confused on the exam. Hmm....

Okay, looks like I got confused on the exam. Hmm. Ended up getting same answer as everyone else somehow.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 01:44 PM
Replies: 122
Views: 13,967
Posted By Nate!
Look at the claim size on left along with number...

Look at the claim size on left along with number of claims. Impossible to get indicated ultimates.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 01:32 PM
Replies: 122
Views: 13,967
Posted By Nate!
Reminder to take survey and submit defective q

Please remember to take the survey:

http://www.casact.org/admissions/exams/index.cfm?fa=surveys

If people struggled to finish the exam especially, please make your voices heard.

Also,...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 12:27 PM
Replies: 6,806
Views: 324,475
Posted By Nate!
Yeah I knew I was doing it wrong because of that...

Yeah I knew I was doing it wrong because of that but had nothing better to come up with in time allowed.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 12:26 PM
Replies: 6,806
Views: 324,475
Posted By Nate!
In the picture you showed me it's called damage...

In the picture you showed me it's called damage state distribution.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 12:19 PM
Replies: 738
Views: 40,347
Posted By Nate!
Whatever, sounds like a quarter point if that.

Whatever, sounds like a quarter point if that.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 11:53 AM
Replies: 6,806
Views: 324,475
Posted By Nate!
Calculate premium, given that there is a risk...

Calculate premium, given that there is a risk load equal to 8% of sd of losses.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 11:51 AM
Replies: 738
Views: 40,347
Posted By Nate!
No, not at all. For example in the year...

No, not at all.

For example in the year with zero losses, you multiply 0 x 1.3, result is zero, but since the minimum premium is 100K, you bump up swing plan premium to 100K for that year.
...
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 11:50 AM
Replies: 738
Views: 40,347
Posted By Nate!
:) act, it's carpal tunnel, hence the jokes.

:)

act, it's carpal tunnel, hence the jokes.
Forum: Exam 8 (old Part 9) - Advanced Ratemaking 10-26-2017, 11:48 AM
Replies: 6,806
Views: 324,475
Posted By Nate!
Oh right - that's no points for me for part a. ...

Oh right - that's no points for me for part a.
Part b, hopefully Exam P for the win.
Showing results 1 to 25 of 300

 

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