Dr. Weishaus is the author of the ASM manual for Exam C/Exam 4 and also teaches a university course for this exam.

Description of Manual

This manual offers comprehensive coverage of the syllabus for SOA Exam C and CAS Exam 4. In its 58 lessons, the following topics are reviewed:

• Parametric distributions
• Risk measures
• Coverage modifications, including deductibles, claims limits, coinsurance, and inflation
• Discrete distributions
• Compound models
• Aggregate deductibles
• Empirical estimators, including ogives, product-limit and Nelson-Aalen
• Kernel smoothing
• Parametric estimation, including method of moments, percentile matching, and maximum likelihood
• Hypothesis testing
• Limited fluctuation credibility
• Bayesian credibility
• Buhlmann credibility
• Empirical Bayes methods
• Simulation using the inversion method
• Bootstrap approximation

The manual has about 1350 pages, about 250 examples, 67 in-lesson exercises, and about 1200 end-of-lesson exercises, including both original and old exam questions, many of them taken from pre-2000 exams, which are not easily available, all with worked out solutions. In addition to these exercises, there are ten full-length (35-question) practice exams. An appendix has a cross reference to help you track down lessons corresponding to published 2000 and later exam questions, and there is an index. Many students have found this manual adequate by itself for exam preparation, but the Klugman textbook for the exam, as well as the other text options where available, are referenced in each lesson if you wish to use them.

The 11th edition of the ASM Exam C/4 manual includes the following improvements:

• 67 new in-lesson exercises, or quizzes, have been added.
• A new lesson introducing common distributions such as the exponential and Pareto has been added.
• Part I, which covers frequency distributions, severity distributions, aggregate loss distributions, and risk measures, has been rearranged in a more logical and less redundant order.

Description of Flashcards - Exam C/4

Flashcards help you review and learn important formulas and concepts.

The ASM C/4 flashcard package contains 338 cards covering the formulas and concepts of the course. Each card is categorized by topic, allowing you to limit your review to selected topics. Each card also has a cross-reference to the lesson, page, and formula or table number (where applicable) in the ASM C/4 manual, 11th edition. Students with older editions can use the table that is provided in the package to translate the lesson numbers to the corresponding lesson numbers in their edition.

A unique feature of these cards is a rating system, indicating the relative importance of each card.