U.S. Signing Actuary

2 sequenced courses

GI 101
Ratemaking and Reserving ▼
  • Understand key considerations and key concepts underlying general insurance actuarial work.
  • Demonstrate the ability to prepare claims and exposure data for general insurance actuarial work.
  • Know how to calculate and evaluate projected ultimate values.
  • Understand financial reporting of claim liabilities with respect to unpaid unallocated loss adjustment expenses.
  • Understand trending procedures as applied to ultimate claims, exposures and premiums.
  • Apply the fundamental ratemaking techniques of general insurance.
  • Define an approach for actuarial analyses supporting financial reporting and ratemaking analyses under various real-life scenarios.
  • View course page to access the syllabus and see the enhancements.
GI 201
Operational, Financial, Regulatory and Legal ▼
  • Assumes knowledge from GI 101
  • Understand the structure and functions of a general insurance company.
  • Describe the regulatory environment for general insurance.
  • Understand tort law and insurance law with respect to its effect on general insurance.
  • Understand elements of financial economics relevant to general insurance.
  • Understand the elements of financial reporting for general insurance companies.
  • Understand the analysis of a general insurer’s financial health.
  • Understand standards of practice and professionalism required of the actuary.
  • View course page to access the syllabus and see the enhancements.

2 additional courses

GI 301
Further Topics in General Insurance ▼
  • Assumes knowledge from GI 101
  • Use stochastic loss development models to estimate reserve variability.
  • Understand the considerations in the development of losses for excess limits and layers.
  • Estimate premium liabilities.
  • Understand the considerations in selecting a risk margin for unpaid claims.
  • Apply methods to monitor actual versus expected experience.
  • Understand and apply ratemaking techniques for the following situations: classification ratemaking, deductible options, increased limit options, claims-made policies and individual risk rating.
  • Demonstrate knowledge of reinsurance topics including the issues encountered when performing a reserve analysis on reinsurance, how to apply the fundamental techniques of reinsurance pricing and risk transfer testing of reinsurance contracts.
  • Understand catastrophe modeling output and the allocation of catastrophe risk loads among accounts.
  • View course page to access the syllabus and see the enhancements.
GI 302
General Insurance in the U.S. ▼
  • Assumes knowledge of GI 101 and GI 201
  • Understand the personal lines insurance products offered in the United States.
  • Understand common commercial lines insurance products and coverages offered in the United States.
  • Understand the development and structure of insurance regulations in the United States.
  • Understand the different reporting standards for U.S. general insurance companies and use statutory financial statement information to measure insurer financial health.
  • Use applicable standards of practice to carry out the responsibilities of a U.S. signing general insurance actuary as defined by regulators and the American Academy of Actuaries.
  • View course page to access the syllabus and see the enhancements.