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Exam ASTAM – Advanced Short-Term Actuarial Mathematics
6 sections available · 25 chapters available
Free Exam ASTAM – Advanced Short-Term Actuarial Mathematics study notes for SOA (Society of Actuaries) students. Each chapter covers a key topic with examples and practice prompts you can continue inside the thinka app.
Severity Models
Effects of parameters on distributions
Creating new distributions: multiplication, powers, exponentiation, mixing, and splicing
Characteristics of severity distributions
Comparing distribution tails
Generalized Extreme Value and Generalized Pareto distributions
Applying GEV and GPD to tail risk estimation
Aggregate Models
Coverage Modifications
Construction and Selection of Parametric Models
Credibility
Reserving and Pricing for Short-Term Insurance Coverages
Estimating outstanding claims: Expected Loss Ratio, Chain-Ladder, Bornhuetter-Ferguson, Bayesian, and Frequency-Severity
Statistical reserving models: Mack's, Poisson, and Overdispersed Poisson
Projected losses using trend analysis
Overall average rates and rate changes: loss cost and loss ratio methods
Risk classification differential changes, including balancing back
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