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Search: Posts Made By: Jim Bedford
Forum: Exam 5 (new) - Ratemaking/Reserving 06-17-2019, 11:15 PM
Replies: 492
Views: 61,036
Posted By Jim Bedford
Did you read the study tips at the beginning of...

Did you read the study tips at the beginning of the manual, particularly on spaced repetition? If not, certainly do that, it should help. If so, feel free to reach out with how you are currently...
Forum: Exam 5 (new) - Ratemaking/Reserving 06-17-2019, 12:50 PM
Replies: 492
Views: 61,036
Posted By Jim Bedford
Good luck everyone!

Good luck everyone!
Forum: Short-Term Actuarial Math 06-02-2019, 12:25 PM
Replies: 13
Views: 4,254
Posted By Jim Bedford
100 pages including practice problems. It's a...

100 pages including practice problems. It's a pretty concise and quick read. It's 145 pages including the additional problem set.
Forum: Exam 5 (new) - Ratemaking/Reserving 05-30-2019, 04:32 PM
Replies: 6
Views: 668
Posted By Jim Bedford
I agree that you should not use videos as your...

I agree that you should not use videos as your primary source on upper level exams. I designed my videos to supplement the manual (which should be your primary source) rather than replace or...
Forum: Exam 5 (new) - Ratemaking/Reserving 05-30-2019, 03:48 PM
Replies: 6
Views: 668
Posted By Jim Bedford
I don't think this is true. :tfh:

I don't think this is true. :tfh:
Forum: Exam 5 (new) - Ratemaking/Reserving 05-24-2019, 11:59 AM
Replies: 7
Views: 1,651
Posted By Jim Bedford
The Fall 2019 version is now live. I've updated...

The Fall 2019 version is now live. I've updated the thread title accordingly.

Thanks and good luck!
Forum: Short-Term Actuarial Math 05-24-2019, 11:19 AM
Replies: 13
Views: 4,254
Posted By Jim Bedford
Now that we are a few sittings into the new STAM...

Now that we are a few sittings into the new STAM exam (and away from 4/C) I have dropped the price to $49. It is also no longer using the Content Raven DRM software. The links have been updated in...
Forum: Exam 5 (new) - Ratemaking/Reserving 05-04-2019, 06:41 PM
Replies: 7
Views: 1,651
Posted By Jim Bedford
256 page manual 27 pages of condensed notes ...

256 page manual
27 pages of condensed notes
204 flashcards
Working Excel spreadsheets containing each appendix (ratemaking) and end of chapter exhibits (reserving)
~1,000 pages of practice...
Forum: Exam 5 (new) - Ratemaking/Reserving 04-26-2019, 01:56 PM
Replies: 492
Views: 61,036
Posted By Jim Bedford
The end of chapter original ULAE problems should...

The end of chapter original ULAE problems should cover possible questions they haven't asked before pretty well.
Forum: Exam 5 (new) - Ratemaking/Reserving 04-26-2019, 09:30 AM
Replies: 492
Views: 61,036
Posted By Jim Bedford
I'd still take them using pen and paper since...

I'd still take them using pen and paper since that is what it is now. The questions (i.e., length and calculations involved) were written as though the exam was pen/paper, they just put them in Excel.
Forum: Exam 5 (new) - Ratemaking/Reserving 04-25-2019, 05:48 PM
Replies: 7
Views: 1,651
Posted By Jim Bedford
.

.
Forum: Exam 5 (new) - Ratemaking/Reserving 04-25-2019, 04:55 PM
Replies: 492
Views: 61,036
Posted By Jim Bedford
It's odd they seem to have taken them down. I bet...

It's odd they seem to have taken them down. I bet it is an oversight since there are so many files for that sitting. I'll shoot them an email.
Forum: Exam 5 (new) - Ratemaking/Reserving 04-25-2019, 09:39 AM
Replies: 492
Views: 61,036
Posted By Jim Bedford
That is odd-- they don't seem to be on the CAS...

That is odd-- they don't seem to be on the CAS site anymore. They are too big to upload on the AO, so I have saved them here: www.bedfordseminars.com/spring2018 (these are the CAS solutions, not my...
Forum: Exam 5 (new) - Ratemaking/Reserving 04-24-2019, 08:02 PM
Replies: 7
Views: 1,651
Posted By Jim Bedford
Both teaching the material and sample problems.

Both teaching the material and sample problems.
Forum: Exam 5 (new) - Ratemaking/Reserving 04-11-2019, 04:52 PM
Replies: 492
Views: 61,036
Posted By Jim Bedford
Yes

Yes
Forum: Exam 5 (new) - Ratemaking/Reserving 02-18-2019, 08:54 AM
Replies: 492
Views: 61,036
Posted By Jim Bedford
The level of case adequacy does not affect...

The level of case adequacy does not affect ultimate losses-- it only affects the split between IBNR and Case. If case adequacy is now higher, the true ultimate losses are not higher, we are just...
Forum: Exam 5 (new) - Ratemaking/Reserving 02-12-2019, 08:21 AM
Replies: 2
Views: 874
Posted By Jim Bedford
Good question. For most pieces of the...

Good question.

For most pieces of the fundamental insurance equation we are using historical data adjusted and trended to the prospective time period. For reinsurance it is different. We are not...
Forum: Exam 5 (new) - Ratemaking/Reserving 01-09-2019, 08:49 AM
Replies: 729
Views: 85,354
Posted By Jim Bedford
600 students sat for this exam in Fall 2018-- the...

600 students sat for this exam in Fall 2018-- the lowest number since the 2011 restructuring (by a wide margin). I know part of that is due to the high number of candidates sitting and high pass...
Forum: Exam 5 (new) - Ratemaking/Reserving 01-08-2019, 08:26 AM
Replies: 5
Views: 1,410
Posted By Jim Bedford
The resulting disposal rates will not necessarily...

The resulting disposal rates will not necessarily be equal to the selected disposal rates unless we restate the interior of the triangle, which we don't want to do. Your resulting disposal rates will...
Forum: Exam 5 (new) - Ratemaking/Reserving 01-07-2019, 09:13 PM
Replies: 5
Views: 1,410
Posted By Jim Bedford
If your selected disposal rate at each age is...

If your selected disposal rate at each age is different than the observed along the latest diagonal (which it will be) your allocation will not sum up to 100%. I have illustrated this in the attached...
Forum: Exam 5 (new) - Ratemaking/Reserving 01-07-2019, 07:52 AM
Replies: 5
Views: 1,410
Posted By Jim Bedford
Good question. The formula on 207 is not...

Good question.

The formula on 207 is not restating the ultimate counts...it is using the selected ultimate counts (along with disposal rates and current counts) to estimate incremental closed...
Forum: Exam 5 (new) - Ratemaking/Reserving 01-05-2019, 11:17 AM
Replies: 7
Views: 1,651
Posted By Jim Bedford
Bedford Seminars - Fall 2019 Update

I hope everyone enjoyed some time off this holiday season. Now that we are into January and study season is starting to ramp up I wanted to let everyone know the Spring 2019 update of my CAS 5...
Forum: Short-Term Actuarial Math 12-28-2018, 04:10 PM
Replies: 13
Views: 4,254
Posted By Jim Bedford
Sorry, good catch--"Mickey's" should be replaced...

Sorry, good catch--"Mickey's" should be replaced by "Mr. Trout's" in this problem (Mickey was the name used in the prior problem and carried forward here by accident).

Thanks!
Forum: Exam 5 (new) - Ratemaking/Reserving 12-26-2018, 01:53 PM
Replies: 729
Views: 85,354
Posted By Jim Bedford
Here: ...

Here:
https://www.casact.org/admissions/passlist/oct18/index.cfm?fa=passcov

The results announcement is here:
https://www.casact.org/press/index.cfm?fa=viewArticle&articleID=4278
[[spoiler...
Forum: Exam 5 (new) - Ratemaking/Reserving 12-12-2018, 08:40 PM
Replies: 729
Views: 85,354
Posted By Jim Bedford
:toast: :toth:

:toast: :toth:
Showing results 1 to 25 of 125

 

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