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Old 07-01-2018, 07:15 PM
supersupern0t supersupern0t is offline
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So i passed exam c this sitting but i wanted to know what actuarial models was i taught to construct while learning the material
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Old 07-01-2018, 07:44 PM
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Originally Posted by supersupern0t View Post
So i passed exam c this sitting but i wanted to know what actuarial models was i taught to construct while learning the material
At least you should be able to fit a parametric probability model to data, and test the goodness of fit.
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Old 07-01-2018, 08:10 PM
supersupern0t supersupern0t is offline
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OK that seems like something I know a bit about. I was thinking of reading some books to have some more background knowledge about the field. Is there anything you would recommend? So far I'm just looking at this book https://www.amazon.ca/Actuarial-Mode...=UTF8&qid=&sr= because I think my university might have a copy.
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Old 07-01-2018, 08:38 PM
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Just looking at the Table of Contents, the book covers a lot of topics from P, FM, LTAM and STAM as well as material not covered such as decision theory, ruin theory, and brownian motion. Oddly he did not cover credibility even though he seemed to want to create a comprehensive source for mathematical actuarial models.

Looks a bit more theoretically rigorous than the current texts. Its clearly a theory text and not something most practicing actuaries would rely on.
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Old 07-01-2018, 11:53 PM
supersupern0t supersupern0t is offline
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Just looking at the Table of Contents, the book covers a lot of topics from P, FM, LTAM and STAM as well as material not covered such as decision theory, ruin theory, and brownian motion. Oddly he did not cover credibility even though he seemed to want to create a comprehensive source for mathematical actuarial models.

Looks a bit more theoretically rigorous than the current texts. Its clearly a theory text and not something most practicing actuaries would rely on.
Is there anything you would recommend that would of more use?
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Old 07-02-2018, 12:14 AM
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Is there anything you would recommend that would of more use?
What exactly are you looking for?
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Old 07-02-2018, 01:15 AM
supersupern0t supersupern0t is offline
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Honestly I'm not that sure. I have a rough interpretation of what an actuary does but I was hoping to find something that would give me a better understanding.
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Old 07-02-2018, 08:55 AM
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Honestly I'm not that sure. I have a rough interpretation of what an actuary does but I was hoping to find something that would give me a better understanding.
I don't think you will find that in a single source. Have you looked at the website beanactuary.org. Is there a local insurance company? Maybe you can arrange a job shadow. Look at some of the threads on AO. Go to the websites of the SOA and CAS.
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Old 07-02-2018, 09:57 AM
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So i passed exam c this sitting but i wanted to know what actuarial models was i taught to construct while learning the material
You learned the basic building material for constructing models.

Later Exams/Modules will use that knowledge to work through industry standards of practice for building more explicit models.

Work experience will also provide that information.
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