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CAS Exam 7 Study Notes: P&C Insurance Company Valuation
2018-02-21
As part of my preparation for Exam 7 of the Casualty Actuarial Society, I'm writing my study notes in R notebooks, using R code to illustrate the concepts in the readings. As a result, the notes will sometimes address more than the bare minimum that is needed to pass an exam, but will contain additional information that can be used to put the ideas into practice using contemporary statistical software. Some of the notebooks may be of interest, independent of the subject matter, of illustrations of R techniques.
The first instalment is P&C Company Valuation, based on a reading by Richard Goldfarb. It addresses learning objectives B1-B3 on the exam, explaining several methods for determining the value of an insurance company. Of particular interest is that it shows how R can be used to quickly perform sensitivity testing over a range of assumptions, and visualize the results.
Keywords: Actuarial Science, Exam 7, Study Note