Texts
• Loss Models: From Data to Decisions, (Second Edition), 2004, by Klugman, S.A., Panjer, H.H. and Willmot, G.E., Chapter 3, Chapter 4, Sections 4.1-4.6.6 only, Chapter 5, Chapter 6, Sections 6.1-6.7, 6.11.1, 6.11.2 only, Chapter 7, Sections 7.1, 7.2.3, 7.3.1, 7.3.2 only, Chapters 9?C11, Chapter 12 (excluding 12.5.4, 12.5.5 and 12.6), Chapter 13, and Chapter 17.
• Derivatives Markets (Second Edition), 2006, by McDonald, R.L., Chapters 18-19, excluding appendices.
Reading Options for Credibility
The candidate may use any of the alternatives shown below.
Option A
• Loss Models: From Data to Decisions, (Second Edition), 2004, by Klugman, S.A., Panjer, H.H., and Willmot, G.E., Chapter 16, Sections 16.3, 16.4 (excluding16.4.7), 16.5 (excluding 16.5.3, 16.1 (background only), 16.2 (background only).
Option B
• Foundations of Casualty Actuarial Science (Fourth Edition), 2001, Casualty Actuarial Society, Chapter 8, “Credibility”, by Mahler, H.C., and Dean C.G., Section 1 (background only) Sections 2?C5 (Available as SN C-21-01).
• Topics in Credibility Theory (Study Note C-24-05) by Dean, C.G.
Option C
• Introduction to Credibility Theory (Third Edition), 1999, Herzog, T.N., Chapter 1-3 (background only), 4?C8, and 9 (background only).
Study Notes
SNs for the Preliminary Education examinations are available on the SOA Web site under Exams and Jobs/Candidate and Exam Information/Spring Exam Session/Spring 2007 Basic Education Catalog ?C Study Notes Information. Hard copies may be purchased by using the Study Note and Published Reference order form in the back of the printed catalog or by downloading the form from the Spring Exam Session Web page.
Code Title
C-11-07# Exam C Introductory Study Note
C-09-05 Exam C Sample Questions and Solutions
C-10-05 May 2005 Exam C Questions and Solutions
C-12-05 November 2005 Exam C Questions and Solutions
C-21-01 Credibility (to be used with Option B only)
C-24-05 Topics in Credibility Theory (to be used with Option B only)
C-25-07# Risk Measures
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