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Can We Talk ?

CAS Spring Meeting San Diego, CA May 21, 2002. Can We Talk ?. Rose D. Barrett Martin T. King Richard O. Kirste Mark Priven . CAS Spring Meeting San Diego, CA May 21, 2002. Can We Talk ?. Skit 1 * Exam * Prizes Skit 2 * Exam * More Prizes Skit 3 * Exam * Grand Prize.

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Can We Talk ?

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  1. CAS Spring Meeting San Diego, CA May 21, 2002 Can We Talk ? Rose D. Barrett Martin T. King Richard O. Kirste Mark Priven

  2. CAS Spring Meeting San Diego, CA May 21, 2002 Can We Talk ? Skit 1 * Exam * Prizes Skit 2 * Exam * More Prizes Skit 3 * Exam * Grand Prize

  3. CAS Spring Meeting San Diego, CA May 21, 2002 Arnold B. Nerdly, FCAS, MAAA Occupation: Actuary Career Path: 1989 BS, Mathematics 1991 MS, Statistics 1992 Assistant Junior Analyst I 1996 ACAS 1997 Assistant Actuary 1999 FCAS 2002 Vice President

  4. Quiet Please. Exam in Progress. What are legitimate reasons for someone to be attending this 8am multi-general session? I. Too cheap to buy a breakfast. No plans to attend any sessions; but, after eating the freebie bran muffin, found himself/herself with some time to kill before the weather warms up at the pool. II. Need to fulfill continuing education requirements; and this session seemed slightly less boring than ERM & Disaster recovery. III. Figured that he/she might have something to learn here. a. I and II b. I and III c. II and III d. all of the above e. none of the above

  5. Quiet Please. Exam in Progress. What are legitimate reasons for someone to be attending this 8am multi-general session? Correct Answer... c. II and III I. Too cheap to buy a breakfast. No plans to attend any sessions; but, after eating the freebie bran muffin, found himself/herself with some time to kill before the weather warms up at the pool. II. Need to fulfill continuing education requirements; and this session seemed slightly less boring than ERM & Disaster recovery. III. Figured that he/she might have something to learn here.

  6. CAS Spring Meeting San Diego, CA May 21, 2002 October 31, 1992 Arnold Nerdly Assistant Junior Intern Actuarial Analyst I

  7. Page 1 of 27

  8. Page 2 of 27

  9. Quiet Please. Exam in Progress.

  10. Although Mr. Ferguson is clearly a buffoon most of the time, he did ask at least one pertinent question that Nerdly should have been prepared to answer. Which of the following questions are we talking about? I. What are you wearing there, boy? II. How does this affect my bottom line? III. Are you familiar with the Sharper Image Nose Hair Trimmer? a. I and II b. I and III c. II and III d. all of the above e. none of the above

  11. Quiet Please. Exam in Progress. Which of the following questions are we talking about? Correct Answer... a. I and II I. What are you wearing there, boy? II. How does this affect my bottom line? III. Are you familiar with the Sharper Image Nose Hair Trimmer?

  12. Which of the following are good preparation steps before an important presentation? I. Asking your boss to attend important meetings as back-up support. II. Staying up all night revising and printing exhibits. III. Drinking five cups of coffee. a. I only b. II only c. III only d. all of the above e. none of the above

  13. Quiet Please. Exam in Progress. Which of the following are good preparation steps before an important presentation? Correct Answer... a. I only I. Letting your boss know what you'll be presenting to the CFO tomorrow. II. Staying up all night revising and printing exhibits. III. Drinking five cups of coffee.

  14. Donna Wannabe had a right to be upset about which of the following: I. Nerdly dressing like a leprechaun II. Nerdly changing his analysis without informing Donna before the meeting III. Ferguson being a buffoon a. I and II b. I and III c. II and III d. all of the above e. none of the above

  15. Quiet Please. Exam in Progress. Donna Wannabe had a right to be upset about which of the following: Correct Answer... a. I and II I. Nerdly dressing like a leprechaun II. Nerdly changing his analysis without informing Donna before the meeting III. Ferguson being a buffoon

  16. CAS Spring Meeting San Diego, CA May 21, 2002 November 15, 1996 Arnold Nerdly, ACAS Assistant Actuary

  17. Quiet Please. Exam in Progress.

  18. While presenting his analysis to Sharki, Nerdly misses at least one good opportunity to: I. Educate Mr. Sharki on some recent developments in pricing theory II. Return the conversation to its main subject - Sharki’s renewal price III. Dump his Volvo for a better car a. I only b. II only c. III only d. I and III e. all of the above

  19. Quiet Please. Exam in Progress. While presenting his analysis to Sharki, Nerdly misses at least one good opportunity to: Correct Answer... b. II only I. Educate Mr. Sharki on some recent developments in pricing theory II. Return the conversation to its main subject - Sharki’s renewal price III. Dump his Volvo for a better car

  20. In retrospect, Nerdly should have expected his exhibits of loss ratios to be: I. Defended tooth and nail by Ms. Wannabe II. Too detailed and busy for a client to follow easily III. Discarded by Sharki at the first opportunity a. I and II b. I and III c. II and III d. all of the above e. none of the above

  21. Quiet Please. Exam in Progress. Nerdly should have expected his exhibits of loss ratios to be: Correct Answer... c. II and III I. Defended tooth and nail by Ms. Wannabe II. Too detailed and busy for a client to follow easily III. Discarded by Sharki at the first opportunity

  22. Which of the following are not not false? I. A guy like Sharki won’t listen to anyone or anything II. Nerdly’s “stupid people” joke is a good way to break the ice with a stranger III. Nerdly never had control of this meeting a. I and II b. I and III c. II and III d. all of the above e. none of the above

  23. Quiet Please. Exam in Progress. Which of the following are not not false? Correct Answer... a. I and II I. A guy like Sharki won’t listen to anyone or anything II. Nerdly’s “stupid people” joke is a good way to break the ice with a stranger III. Nerdly never had control of this meeting

  24. CAS Spring Meeting San Diego, CA May 21, 2002 May 21, 2002 Arnold Nerdly, FCAS, MAAA Vice President & Consultant

  25. Quiet Please. Exam in Progress.

  26. Nerdly’s explanation of natural logarithms: I. Clearly establishes his mathematical prowess, thus lending authority to the entire Captives study. II. Is a blatant slap in the face to those of us who prefer curvy lines. III. Is an unwelcome and unwise digression. a. I only b. II only c. III only d. II and III e. all of the above

  27. Quiet Please. Exam in Progress. Nerdly’s explanation of natural logarithms: Correct Answer... d. II and III I. Clearly establishes his mathematical prowess, thus lending authority to the entire Captives study. II. Is a blatant slap in the face to those of us who prefer curvy lines. III. Is an unwelcome and unwise digression.

  28. Which of the following are not not not false? I. Nerdly should be more honest about what he does & does not know II. A rent-a-captive is not equivalent to borrowing a table for a party III. Chip’s Uncle Miltie refers to him as “that snotty little Williams boy” a. I and II b. I and III c. II and III d. all of the above e. none of the above

  29. Quiet Please. Exam in Progress. Which of the following are not not not false? Correct Answer... a. I and II I. Nerdly should be more honest about what he does & does not know II. A rent-a-captive is not equivalent to borrowing a table for a party III. You will definitely not learn everything you need to know about captives by attending concurrent sessions at CAS meetings, not.

  30. Which of the following are true? I. There is no substitute for good preparation II. There is no substitute for an M B A III. It is critical to know your audience a. I only b. (I or not II) and [ (I and III) or not III ] c. (II and not III) or (not II and not I) d. (I or III) and [ not II and not (I and III) ] e. IV, had there been a IV to chose from

  31. Must Think ! Must be smart ! I. There is no substitute for good preparation II. There is no substitute for an M B A III. It is critical to know your audience a. I only b. (I or not II) and [ (I and III) or not III ] c. (II and not III) or (not II and not I) d. (I or III) and [ not II and not (I and III) ] e. IV, had there been a IV to chose from

  32. Quiet Please. Exam in Progress. Which of the following are true? Correct Answer... b. (I or not II) and [ (I and III) or not III ] I. There is no substitute for good preparation II. There is no substitute for an M B A III. It is critical to know your audience

  33. CAS Spring Meeting San Diego, CA May 21, 2002 Can We Talk ? Rose D. Barrett Martin T. King Richard O. Kirste Mark Priven

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