CAS Exam 5 ratemaking and reserving guide exam help

CAS Exam 5, Basic Techniques for Ratemaking and Estimating Claim Liabilities, tests core property and casualty actuarial pricing and reserving methods. The current CAS Exam 5 content outline lists two domains: Ratemaking (45-55%) and Estimating Claim Liabilities, also called Reserving (45-55%). Ratemaking tasks include exposure bases, organizing data by calendar, policy, accident, report, close, and in-force views, evaluating data, grouping risks for homogeneity and credibility, loss and premium adjustments, trends, underwriting provisions, extraordinary losses, overall rate level indications, credibility, classification ratemaking, deductibles, increased limits, individual risk rating, and reinsurance or excess pricing concepts. Reserving tasks include claim liability terminology, data organization, development techniques, expected loss methods, Bornhuetter-Ferguson methods, Cape Cod or related methods, loss adjustment expense treatment, tail factors, diagnostics, uncertainty, reasonableness, and reserve adequacy. CAS computer-based exams are delivered through Pearson VUE; candidates should confirm CAS registration, authorization to test, exam window, Pearson VUE appointment, approved calculator rules, scratch-work policy, embedded reference materials, break timing, and CAS examination discipline rules before exam day.