mahler's guide to basic ratemaking

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1、2013-CAS5BasicRatemakingHCM1/5/13,Page1MahlerʼsGuidetoBasicRatemakingCopyright2013byHowardC.Mahler.ThisstudyguidecoverstheratemakingtopicsonCASExam5.NotcoveredarethereservingtopicsonCASExam5.ConceptsinBasicRatemakingbyWernerandModlinaredemonstratedinmyfirst16sections,witheachsectioncorrespo

2、ndingthechapterinBasicRatemakingwiththesamenumber.Afterwardsarecoveredthesyllabusreadings:“CASStatementofPrinciplesRegardingPropertyandCasualtyInsuranceRatemaking”“ASOPNo.13,TrendingProceduresinProperty/CasualtyInsuranceRatemaking“AAA,“RiskClassificationStatementofPrinciples”ISO,PersonalAuto

3、mobileManualFeldblum,“PersonalAutomobilePremiums:AnAssetSharePricingApproach.”Informationinboldorsectionswhosetitleisinboldaremoreimportantforpassingtheexam.Largerboldtypeindicatesitisextremelyimportant.Informationpresentedinitalics(includingsubsectionswhosetitlesareinitalics)shouldnotbeneed

4、edtodirectlyanswerexamquestionsandshouldbeskippedonfirstreading.Itisprovidedtoaidthereaderʼsoverallunderstandingofthesubject,andtobeusefulinpracticalapplications.Solutionstotheproblemsineachsectionareattheendofthatsection.1Attheveryendofthestudyguideareslidesthatwouldbepresentedataseminar.1N

5、otethatproblemsincludebothsomewrittenbymeandsomefrompastexams.ThelatterarecopyrightbytheCasualtyActuarialSocietyandarereproducedheresolelytoaidstudentsinstudyingforexams.Thesolutionsandcommentsaresolelytheresponsibilityoftheauthor;theCASbearsnoresponsibilityfortheiraccuracy.Whilesomeofthecom

6、mentsmayseemcriticalofcertainquestions,thisisintendedsolelytoaidyouinstudyingandinnowayisintendedasacriticismofthemanyvolunteerswhoworkextremelylongandhardtoproducequalityexams.2013-CAS5BasicRatemakingHCM1/5/13,Page2Section#PagesSectionNameA18-22Introduction223-48RatingManuals349-65Ratemakin

7、gDataB466-120Exposures5121-252Premium6253-371LossesandLAEC7372-454OtherExpensesandProfit8455-587OverallIndication9588-684TraditionalRiskClassification10685-790MultivariateRiskClassification11791-958SpecialClassificationD12959-1030Credibility131031-