Actuarium

Formula sheets

Every formula on the syllabus, rendered natively, with the traps examiners set for each. Print one per exam and keep it by your desk.

OC1 — Online Course 1 — Risk Management & Insurance Operations

CAS

Expected loss   E[L]=frequency×severity\;E[L]=\text{frequency}\times\text{severity}; risk-control (avoidance, prevention, reduction, separation) vs risk-financing (retention, transfer) techniques.

Traps to remember

  • Confusing loss prevention (frequency) with loss reduction (severity).

  • Mixing up hazard types: physical, moral, morale (attitudinal), legal.

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