The CAS Exam 5 Five-Week Bootcamp is designed to reinforce candidates’ understanding of ratemaking and reserving concepts and ensure that they are fully prepared for exam day. The course covers the entire syllabus, with an emphasis on the topics most likely to be tested. Each session will begin with a conceptual overview of the material, followed by an interactive review of problems from past CAS exams. By the end of the course, candidates should feel confident in their ability to pass Exam 5.
Jeremy Medina, ACAS specializes in preparing students to pass CAS exams MAS-I, MAS-II, Exam 5, and Exam 6U. He currently works as an Associate Actuary at Alliant Insurance Services. He has earned a Bachelor of Science in Economics from The College of New Jersey and is currently pursuing a Master of Science in Analytics at the Georgia Institute of Technology.
The CAS Exam 5 Five-Week Bootcamp provides the following:
Weekly 2 hour live lectures each Saturday morning starting at 10:00AM EST integrating concept building with significant focus on problem solving improvement and mastery
The Exam 5 Discussion Group open only to program members to communicate with fellow students and Jeremy Medina
Q & A Email Correspondence in which students can email Jeremy Medina questions
Mini-Sessions in which students can schedule private sessions with Jeremy Medina
Weekly online office hours with Jeremy Medina
Open Forum for questions with Jeremy Medina immediately following each lecture
All lectures recorded and available to students
Schedule
Live Classes & Subjects
Saturdays (All Classes 10:00-12:00PM EDT)
Ratemaking I: Rate Indications
September 13, 2025
- Introduction – basic ratemaking terms, concepts, metrics, etc.
- Ratemaking Data – review basic structure of ratemaking data including internal vs. external data, aggregation methods, etc.
- Exposure – characteristics of an exposure base, measuring exposures, exposure trend
- Premium – premium aggregation, on-leveling, extension of exposures, parallelogram method, premium development, premium trend
- Loss & Loss Adjustment Expenses – loss aggregation, large loss adjustments, CAT losses, reinsurance, benefit level factors, loss development, loss trend, excess trend, coordination exposure/premium/loss trend, Loss Adjustment Expenses
- Other Expenses & Profit – UW expense categories, expense projection methods (premium based vs. exposure based), expense trend, reinsurance, UW profit provision, permissible loss ratio
- Overall Indication – pure premium method, loss ratio method
Ratemaking II: Advanced Topics
September 20, 2025
- Risk Classification – traditional risk classification, multi-variate risk classification, special classification
- Credibility – limited fluctuation credibility, Buhlmann Straub credibility, Harwayne’s method
- Other Considerations – regulation, price optimization, lifetime value analysis, underwriting cycle
- Implementation – selecting relativities, deriving base rates, minimum premium, pricing new products
- Commercial Lines – experience rating, ISO General Liability experience rating plan, NCCI Workers’ Compensation experience rating, schedule rating, composite rating, large deductible policies, retrospectively rated policies
- Claims-Made – retroactive dates, tail coverage
Reserving I: Basic Loss Development
September 27, 2025
- Overview – components of unpaid claims, ASOP 43
- Claims Process – claims lifecycle, transactional data, incremental data
- Data – internal vs. external data, homogeneity, credibility, data types, data aggregation and key dates
- Management – discussions with claims, underwriting, accounting, pricing, senior management
- Development Triangles – building triangles, how to group data
- Diagnostic Triangles – change in case reserve adequacy, change in settlement speed, paid/incurred triangles, closed/reported count triangles
- Development Method – assumptions, LDF selection, adjustments
- Expected Method – how to set the a-priori, when to use, adjustments needed
- Bornhuetter-Ferguson Method – assumptions, a-priori determination, Benktander method
Reserving II: Advanced Loss Development
October 4, 2025
- “Cape Cod” Method – “used-up” premium, a-priori, assumptions
- Frequency-Severity Method – requirements, constraints, seasonality adjustments, development vs. expected methods, disposal rate
- Case Outstanding Development Method – incremental paid to previous case outstanding method, case outstanding development method
- Berquist-Sherman Method – adjusted incurred method, adjusted paid method
- Recoveries – salvage & subrogation, reinsurance
- Evaluation of Techniques – actual vs. expected
- Allocated Loss Adjustment Expenses – development method, ratio method
- Unallocated Loss Adjustment Expenses – dollar based vs. count based, classical method, Kittle Refinement, Generalized Kittle, Mango-Allen
Final Review: Exam Preparation
October 11, 2025
Review of past CAS exams, examiner reports, common twists to exam questions, and open-ended review of previously discussed topics
Join The CAS Exam 5 Five-Week Bootcamp and Maximize Your Exam Skills to Pass Exam 5 For the October 2025 Sitting
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