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===YOU CAN ACCESS THE ARTICLE SUMMARIES BY CLICKING THE BOXES IN THE TABLE BELOW===
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===Introduction===
===<span style="color: red;">Exam 8 Study Material Can Be Accessed In The Reading Order or Ranking Tables Below</span>===
Exam 8 consists of roughly 700 pages of material, not all of which appears on every exam. There are five larger readings (in approximate order of importance)
* "''Generalized Linear Models for Insurance Rating''" by Goldburd, Khare, Tevet & Guller
* "''Individual Risk Study Note''" by Fisher et al.
* "''Distributions for Actuaries''" by Bahnemann (Chapters 5 & 6 only)
* "''Basics of Reinsurance Pricing''" by Clark
* "''Catastrophe Modeling: A New Approach to Managing Risk''" by Grossi & Kunreuther


There are nine other readings which are smaller and cover a variety of topics. To help you study efficiently BattleActs has ''[[#Ranked Readings|ranked the articles]]'' based on how likely they are to show up on an exam. Since the material within the larger readings builds up, we recommend you study them from the beginning to the end rather than reading the articles based on their rank. Use the ''[[#Recommended Reading Order|Recommended Reading Order table]]'' below for your initial first and second runs through the material; the alternating bands of red and blue are used to indicate when an article comes from a different source reading.
===About Our Tables===


Once you've gone through the larger readings in order once or twice you should hone your skills by using the ranking table to focus on the more likely topics. When you want a change of pace, pick up one of the smaller readings for a break. These are generally self-contained or rely on knowledge you acquired in earlier exams.
There are two tables below - '''A Recommended Reading Order Table and a Ranking Table'''.


The ranking table is based on the CAS exams from 2011 &mdash; 2019 and ''Alice the Actuary's'' expert opinions (Alice is BattleActs' awesome actuarial alter ego). However, the syllabus and readings have varied a lot during this period. For more insight on the structure of Exam 8 and how it is evolving make sure you check out our ''[[Exam 8 Intro|All About Exam 8]]'' page.
* '''Recommended Reading Order Table''':  Since the material within the larger readings builds up, we recommend you study them from the beginning to the end rather than reading the articles based on their rank.
* The '''Ranking Table''' was originally based on an analysis of points-per-reading from past exams. This is no longer possible because exams have not been published since 2019-Fall. The Ranking Table is now based roughly on information from these previous exams and the weights given in the syllabus, although that information is much less specific than what could be gleaned from past exams. It should still be helpful however in guiding your studying and directing your attention to the topics most likely to be tested. '''''(Percentages given in the table below are approximates.)'''''
 
===How to Use the Tables===
 
* Click on the <u>links</u> in the table below to go to specific chapters.
* Use the Tables to set up a study schedule and determine how much time to spend on each article. Not all topics are tested equally, so they don’t deserve equal amounts of your attention.
*  Use the ''[[#Recommended Reading Order|Recommended Reading Order table]]'' below for your initial first and second runs through the material; the alternating bands of red and blue are used to indicate when an article comes from a different source reading.
* Once you've gone through the larger readings in order once or twice, you should hone your skills by using the ranking table to focus on the more likely topics. When you want a change of pace, pick up one of the smaller readings for a break. These are generally self-contained or rely on knowledge you acquired in earlier exams.
 
===Instructor Support===
 
* You can access instructor support in the forum here ''[https://www.battleactsmain.ca/battleacts5.ca/forum5/index.php?p=/ Forum]''''[https://battleacts8.ca/8/forum/ Forum]''
* NOTE: Forum questions are answered according to [[Forum Response Times]].


===Recommended Reading Order===
===Recommended Reading Order===

Revision as of 23:30, 14 March 2023

Exam 8 Study Material Can Be Accessed In The Reading Order or Ranking Tables Below

About Our Tables

There are two tables below - A Recommended Reading Order Table and a Ranking Table.

  • Recommended Reading Order Table: Since the material within the larger readings builds up, we recommend you study them from the beginning to the end rather than reading the articles based on their rank.
  • The Ranking Table was originally based on an analysis of points-per-reading from past exams. This is no longer possible because exams have not been published since 2019-Fall. The Ranking Table is now based roughly on information from these previous exams and the weights given in the syllabus, although that information is much less specific than what could be gleaned from past exams. It should still be helpful however in guiding your studying and directing your attention to the topics most likely to be tested. (Percentages given in the table below are approximates.)

How to Use the Tables

  • Click on the links in the table below to go to specific chapters.
  • Use the Tables to set up a study schedule and determine how much time to spend on each article. Not all topics are tested equally, so they don’t deserve equal amounts of your attention.
  • Use the Recommended Reading Order table below for your initial first and second runs through the material; the alternating bands of red and blue are used to indicate when an article comes from a different source reading.
  • Once you've gone through the larger readings in order once or twice, you should hone your skills by using the ranking table to focus on the more likely topics. When you want a change of pace, pick up one of the smaller readings for a break. These are generally self-contained or rely on knowledge you acquired in earlier exams.

Instructor Support

Recommended Reading Order

Rank Reading Study Time
Top 5! Goldburd.Basics 3 days
Bottom 20% Goldburd.ModelBuilding 30 minutes
Bottom 20% Goldburd.DataPrep 3 hours
Bottom 20% Goldburd.ModelSelection 1 day
Core Content Goldburd.Interactions 2 days
Core Content Goldburd.ModelRefinement 3 days
Core Content Goldburd.Validation 1 day
Bottom 20% Goldburd.Comments 3 hours
Top 5! Fisher.ExpRating 2 days
Core Content Fisher.RiskSharing 2 days
Less Likely Fisher.OtherLSPlans 1 day
Less Likely Fisher.AggExcess 1 day
Core Content Fisher.Visualization 1 week
Core Content Fisher.TableM 1 day
Less Likely Fisher.LimitedTableM 1 day
Core Content Fisher.TableL 1 day
Bottom 20% Fisher.Understanding 3 hours
Top 5! Fisher.CaseStudy 1 week
Top 5! Bahnemann.Chapter5 3 days
Rank Reading Study Time
Top 5! Bahnemann.Chapter6 1 week
Core Content Clark.Reinsurance 3 days
Core Content Clark.PropPerRisk 3 days
Less Likely Clark.CasPerOcc 3 days
Bottom 20% Clark.AggModels 1 day
Less Likely Clark.PropertyCAT 1 day
Bottom 20% Grossi.Overview 1 hour
Core Content Grossi.Curves 1 day
Less Likely Grossi.CATModels 4 hours
Less Likely Bailey.Simon 1 day
Core Content Bernegger.Exposure 3 days
Core Content ISO.Rating 2 days
Core Content Robertson.HazardGroups 2 days
Core Content Couret.Venter 2 days
Less Likely NCCI.ExperienceRating 2 days
Less Likely Mahler.Credibility 1 day
Less Likely NCCI.Circular 1 day
Bottom 20% NCCI.InformationalExhibits 4 hours
Bottom 20% ASOP.12 2 hours

Guide to the Ranked Readings

Rank Description
Top 5! These articles account for about 30% to 40% of the questions on a typical exam. However, they often build upon material from lower ranked articles which generally do not have their own question.
Core Content These articles make up the next 20% to 30% of the material and usually have their own (lower value) questions. While not guaranteed to turn up on every exam, they're pretty dependable.
Less Likely These articles are about 15% to 25% of the syllabus. They may be a sub-part of a question, contained within an Integrative Question (IQ), or perhaps not on every exam. You need to know them well but forgetting the odd detail is not the end of the world.
Bottom 20% This is the lowest weighted syllabus material. It's often full of useful information to help you master the higher ranked articles but it's rare to get a standalone question or even a sub-part on any given exam.

Ranked Readings

By Rank (based roughly on pts-per-exam over recent exams)

 Background colours  in the grid indicate articles from the largest source papers.

Top 5 [35%]
Cum: 35%
Fisher.ExpRating

2 days

Fisher.CaseStudy

1 WEEK

Bahnemann.Chapter6

1 WEEK

Goldburd.Basics

several days

Bahnemann.Chapter5

several days

6 – 10 [15%]
Cum: 50%
Fisher.Visualization

1 WEEK

Clark.Reinsurance

several days

Fisher.TableM

1 day

Goldburd.Interactions

2 days

Goldburd.ModelRefinement

3 days

11 – 15 [10%]
Cum: 60%
Goldburd.Validation

1 day

Bernegger.Exposure

several days

ISO.Rating

several days

Robertson.HazardGroups

EASY: 2 days

Grossi.Curves

1 day

16 – 20 [10%]
Cum: 70%
Fisher.TableL

1 day

Couret.Venter

2 days

Clark.PropPerRisk

several days

Fisher.RiskSharing

2 days

NCCI.ExperienceRating

2 days

21 – 25 [10%] Fisher.OtherLSPlans Bailey.Simon Grossi.CATModels Clark.CasPerOcc Mahler.Credibility
26 – 30 [10%] Clark.PropertyCAT Fisher.LimitedTableM Fisher.AggExcess NCCI.Circular Goldburd.DataPrep
31 – 35 [5%] Goldburd.ModelSelection Fisher.Understanding Grossi.Overview Goldburd.ModelBuilding Goldburd.Comments
36 – 38 [5%] Clark.AggModels NCCI.InformationalExhibits ASOP.12