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Exam C/Exam 4

By Abraham Weishaus, Ph.D., F.S.A., CFA, M.A.A.A.

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

Click Here to See an ExcerptClick Here to See a Sample Exam

This manual offers comprehensive coverage of the syllabus for SOA Exam C and CAS Exam 4. In its 56 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 1200 pages, about 200 examples, 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.

New!
for Fall 2009

New syllabus material on non-normal confidence intervals and fitting (a,b,1) distributions has been added to the 9th edition, and the topics no longer on the C/4 syllabus have been removed from the manual. The Risk Measures material has been rewritten to conform to the syllabus material in Loss Models. Minor changes were made to lessons 24 and 56 (which were lessons 25 and 60 in the previous editions). Three new practice exams were added. Corrections of all known errata have been incorporated.

Description of Manual -
Supplement to Exam C/4 Manual

New!This supplement is designed for owners of previous editions of the Exam C/4 manual. If you have the 9th edition, you do not need this supplement. It includes the additional material added to the syllabus, the rewritten sections for the Risk Measures material (lessons 24 and 56) and the three new practice exams.

University Course Dr. Weishaus teaches a weekly course at St. John’s University in New York City. For details, visit new.stjohns.edu/academics/graduate/tobin/education/actuarial/about.sju.
Author's Background: Abraham Weishaus, Ph.D., F.S.A., CFA, M.A.A.A. Formerly financial reporting actuary for Guardian Life Insurance Company. Served on the SOA’s Education and Examination Committee for 11 years. Taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years.  Teaches exam preparation courses at St. John's University and seminars for CAMAR.

 

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