C.3 Probability for Insurance

At some point, the CAS added several new topics to the MAS-I syllabus.  This came to my attention last week, so there will be a few new lessons coming out this week to address these new topics.

They all fit within the context of the subject “Probability for Insurance”, so I’ve decided to rename C.3 from “Order Statistics” to “Probability for Insurance”.  This lead to C.3.1 -C.3.3 being updated to show this new chapter title, but that’s the only change that has occurred for those three lessons.

The first new lesson just posted, on Transformations of random variables.  There will be two more lessons, one on Tail weights of distributions, and another dealing with policy modifications like deductibles.  I hope to record these over the next few days, and I will also be adding exercises and flashcards to go with these lessons soon.