CA Info
The founder of Coaching Actuaries
Who is Dave Kester (Coach K)?
This is the total number of SOA exams.
What is 10?
An average of the possible values, weighted by their probabilities.
What is an expected value?
A bond with face value $1000 pays semiannual coupons at 5% annual rate. This is the semiannual coupon amount.
What is $25
This is the acronym for the organization of actuaries who focus on life and health insurance.
The state where the Coaching Actuaries office is located.
This is the title one earns when they complete all their actuarial exams.
What is fellow/fellowship?
If two independent events A and B have probabilities P(A) = 0.6 and P(B) = 0.5, what is P(A ∩ B)?
Repaying a loan with payments at regular intervals.
What is loan amortization?
This is the kind of company that a majority of actuaries work at.
What is an insurance company?
This is the year that Coaching Actuaries was founded.
What is 2010?
This is what FAM stands for.
What is Fundamental Actuarial Mathematics?
The term for the number of permutations if order does not matter.
What are combinations?
The term for an annuity where the payments increase by a constant amount each period.
What is an arithmetic increasing annuity?
The term for the expected value of the amount of claims in an insurance portfolio.
What is Expected Loss or Pure Premium?
The current president of Coaching Actuaries.
Who is Tong Teh?
This is what MAS stands for.
What is Modern Actuarial Statistics?
This distribution is commonly used to model the number of independent events occurring at a constant rate within a given time period.
This is the Poisson distribution
What is Modified Duration?
The name of the process actuaries use to estimate future claim amounts based on historical data.
What is loss reserving?
Including Career, this is the total number of courses Coaching Actuaries has to offer.
The VEE that the SOA requires, but the CAS does not.
What is Mathematical Statistics?
If the sample is sufficiently large, then the sample means' distribution will be normally distributed regardless of the underlying population distribution.
What is the Central Limit Theorem?
A nominal interest rate compounded continuously.
What is force of interest?
An actuarial table organizing insurance loss data by policy/accident year and maturity/development age to track how claims evolve over time
What is a loss development triangle?