Blog
CAS Exam 9 Study Notes: Insurance Leverage
2019-02-21
I've posted my study notes on insurance leverage, based on a paper by J. Robert Ferrari and a discussion by R. J. Balcarek. These papers illustrate how loss reserves can be viewed as playing a role analogous to debt capital, and provide leverage as a result. These notes correspond to objective D2 on CAS Exam 9.
Keywords: Actuarial Science, Study Note, Exam 9