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#561
02-23-2020, 10:41 AM
 AbedNadir Member CAS SOA Join Date: Mar 2014 Studying for FCAS Posts: 2,848

Brehm section 3.1 has 0 knowledge statements on the syllabus but it is included in the sections covered.
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#562
02-23-2020, 11:15 AM
 trueblade Member CAS Join Date: Jul 2012 Location: Castlevania Studying for Freedom Posts: 1,234

Taylor Theorem 3.1

"The cumulative loss estimates X ̂kj and the reserve estimates R ̂k are also MVUEs"

Why do we need to estimate the cumulative loss, shouldn't it be given?
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ACAS 7 8 9
#563
02-23-2020, 02:03 PM
 AbedNadir Member CAS SOA Join Date: Mar 2014 Studying for FCAS Posts: 2,848

Quote:
 Originally Posted by trueblade Taylor Theorem 3.1 "The cumulative loss estimates X ̂kj and the reserve estimates R ̂k are also MVUEs" Why do we need to estimate the cumulative loss, shouldn't it be given?
X hat refer to cumulative estimates contained in D+, and R hat refers to the ultimate estimate X hat minus current cumulative
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Last edited by AbedNadir; 02-23-2020 at 02:36 PM..
#564
02-23-2020, 04:19 PM
 kadsura Member CAS Join Date: Oct 2016 Studying for the heck of it Posts: 1,017

2001 #54
“standard American Chain ladder"

When did chainladder become American?
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#565
02-23-2020, 04:35 PM
 AbedNadir Member CAS SOA Join Date: Mar 2014 Studying for FCAS Posts: 2,848

Quote:
 Originally Posted by kadsura 2001 #54 “standard American Chain ladder" When did chainladder become American?
The Munich chain ladder is referenced in Shapland and it is different I think
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#566
02-23-2020, 04:43 PM
 jumpyshrimp Member CAS Join Date: Apr 2017 Posts: 162

Quote:
 Originally Posted by AbedNadir TIA is very comprehensive, including examples and insights in many cases that are beyond what is covered in the source. you are pretty safe if that's what you are using.
I heard the opposite that TIA covers too much beyond the source and leaves out some testable knowledge.
#567
02-23-2020, 05:35 PM
 trueblade Member CAS Join Date: Jul 2012 Location: Castlevania Studying for Freedom Posts: 1,234

Quote:
 Originally Posted by AbedNadir X hat refer to cumulative estimates contained in D+, and R hat refers to the ultimate estimate X hat minus current cumulative
Oh thanks, I got confused by the notation again
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ACAS 7 8 9
#568
02-23-2020, 06:39 PM
 Candidate X Member CAS Join Date: Oct 2015 Posts: 310

Quote:
 Originally Posted by kadsura 2001 #54 “standard American Chain ladder" When did chainladder become American?
Sometime in the 1950s (according to oral tradition)
#569
02-24-2020, 09:49 AM
 therealsylvos Member CAS Join Date: Mar 2014 Posts: 17,754

Quote:
 Originally Posted by jumpyshrimp I heard the opposite that TIA covers too much beyond the source and leaves out some testable knowledge.
TIA does cover stuff outside the source, but Alejandro usually gives you fair warning when this happens. And I find that it usually provides good context and aids my overall understanding. I've been very happy with TIA thus far.

Can't speak to what it leaves out, but I have cookbook as well for gaps.
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 Originally Posted by ao fan i like laying in the tube and pretending that i'm dead.
#570
02-24-2020, 10:55 AM
 kadsura Member CAS Join Date: Oct 2016 Studying for the heck of it Posts: 1,017

Quote:
 Originally Posted by AbedNadir The Munich chain ladder is referenced in Shapland and it is different I think
interesting
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