From my view, the exam tries to mimic a simplified condition. It provides all necessary information and want to know how do you handle it.
Ratemaking&Reserve estimate. Former gives past related data and you need to price it based on the given data. You need to make too many adjustments before calculating the rate. The most important thing is that you must give a reason about why you make these adjustments. The reserve part also require you justify you chosen reserve estimate.
January 29, 2021 at 6:15 am
in reply to: MAS I#2908
This is first and I passed. I tried the GOAL, Mahler’s study aids and Mahler’s practice exams. It should be cognized Mahler’s aid was hard to the most of candidates. It has 5000+ pages. Indeed, I had read it but I don’t think it’s necessary.
I think you should focus on the question of aids. It includes some fixed type of questions. The part of stochastic model was relatively certain question type. I suggest the GOAL. It can help you establish a conditional reaction. When you see some keywords and you will react how to calculate.