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Old 12-20-2016, 01:04 PM
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This is the replacement for the current Exam C (Construction of Actuarial Models). Of the current exams, this one will undergo the largest change. The basic material on estimation has been moved to the Mathematical Statistics VEE subject and specific material on life table estimation appears in the Long-Term Actuarial Mathematics exam. These topics are replaced with more product-oriented information relating to short-term insurance (e.g., health, property, and liability). In particular, the basics of pricing and reserving will be added. This exam will continue to be CBT.
Obviously I haven't seen the syllabus yet, but CAS may not even require this exam, as the description largely duplicates exam 5. Adding some credibility theory to exam S may be sufficient.
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