ERM Study Schedule
ERM Study Schedule
ERM Study Schedule
The goal of this sheet is to provide a study schedule for SOA exam ERM with the Invetsment supplement. This workb
detail here, so feel free to email me at grantbraam@gmail.com if you want help modifying it, or if you have any othe
The strategy implemented in this schedule is consistent with the study strategy created by Mike Jennings and Roy Ju
version here (http://www.rethinkstudying.com/fsa-exam-strategies-note-taking/). The default study schedule for thi
set this schedule to only include weekdays as initial reading days. Again, this may or may not work for you.
There are hidden sheets in this workbook that were hidden to clean up the interface that are only used to help cons
Description of Sheets
Study Schedule:
Purpose
This is the primary sheet to be used. This sheet displays the study schedule.
Columns
Aligned across from date (cell A7) are 3 seperate columns: initial reading, reading to answer questions for, and the re
Subcolumns
In each subcolumn of each of these larger columns are the same 2 subcolumns: Resource Number and Resource Nam
Colors
There are 3 colors on this sheet, each with their own significance:
Blue: Day-off/catch-up for this particular part of the reading.
Green: Reading for this particular column (initial reading, reading to answer questions for, or r
Red: Important reading. This indicates that the reading appears in multiple sections of the syl
topics the reading appears in across the syllabus is available in the Duplicated Readings shee
Dates
To modify the date at the top of the schedule, input your desired start date in the first date ce
Purpose
This sheet is used to modify the study schedule. This modifies the initial reading day of each r
Usage
Within this sheet, the readings are hardcoded in. To modify the initial reading day, simply cha
originally set the initial reading day to only weekdays, but wanted to build in a larger buffer in
weekends, shifting the dates down and changing the schedule.
Duplicated Readings
Purpose
List of all readings that show up multiple times on the syllabus.
Usage
Reference. When completing a duplicated reading, it allows you to see which sections of the syllabus the reading is r
Readings
ment supplement. This workbook can be modified to include any of the supplements or for other FSA exams. I did not describe h
ng it, or if you have any other questions, comments, or concerns.
by Mike Jennings and Roy Ju. If you are not already familiar with their method, you can learn more in their book Rethink Studyi
efault study schedule for this document is my schedule, which due to personal circumstances is starting later than many of you
y not work for you.
at are only used to help construct the schedule. These are not needed to be modified. However, more detail about these sheets
wer questions for, and the reading to summarize. These correspond to each part of the study schedule outlined in the article ab
ce Number and Resource Name. These correspond to the readings on the syllabus and are designed to make it easy to locate ea
eading day, simply change the date next to the reading to your desired date. For example, when modif
uild in a larger buffer in the end. Subsequently, I inserted a couple of dates in the middle when I knew
f the syllabus the reading is referenced in to help tie the reading back to the syllabus/ determine what is important in the readin
A exams. I did not describe how to do this in great
Date Read
Resource Number Resource Name
7/28/2018 Financial Enterprise Risk Mana Ch. 8: Risk Identification
7/29/2018 Value at Risk Ch. 13: Liquidity Risk
7/30/2018 ERM-107-12 Strategic Risk Management Pract
7/31/2018 ERM-117-14 AAA Practice Note: Insurance Enterprise Risk Mana
8/1/2018 ERM-127-17 Quantitative Enterprise Risk Management, Hardy, C
8/2/2018 ERM-702-12 IAA Note on ERM for Capital and Solvency Purposes
8/3/2018 Financial Enterprise Risk Mana Ch. 12: Extreme Value Theory
8/4/2018 Financial Enterprise Risk Mana Ch. 14: Quantifying Particular Risks
8/5/2018 Catch-Up Catch-Up
8/6/2018 Financial Enterprise Risk Mana Ch. 15.5: Unquantifiable Risks
8/7/2018 Value at Risk Ch. 5: Computing VaR (sections 5.1-5.3 and Append
8/8/2018 Value at Risk Ch. 7: Portfolio Risk: Analytical Methods
8/9/2018 Value at Risk Ch. 9: Forecasting Risk Correlations (section 9.3 onl
8/10/2018 Value at Risk Ch. 12: Monte Carlo Methods
8/11/2018 Catch-Up Catch-Up
8/12/2018 Catch-Up Catch-Up
8/13/2018 ERM-101-12 Measurement and Modeling of Dependencies in Ec
8/14/2018 ERM-102-12 Value-at-Risk: Evolution, Deficiencies and Alternativ
8/15/2018 ERM-103-12 Basel Committee - Developments in Modelling Risk
8/16/2018 ERM-104-12 Study Note on Parameter Risk, Venter and Sahasrab
8/17/2018 ERM-106-12 Economic Capital-Practical Considerations, Milliman
8/18/2018 Catch-Up Catch-Up
8/19/2018 Catch-Up Catch-Up
8/20/2018 ERM-117-14 AAA Practice Note: Insurance Enterprise Risk Mana
8/21/2018 ERM-118-14 Model Validation Principles Applied to Risk and Cap
8/22/2018 ERM-119-14 Aggregation of Risks and Allocation of Capital (secti
8/23/2018 ERM-120-14 IAA Note on Stress Testing and Scenario Analysis (p
8/24/2018 ERM-124-15 Counterparty Credit Risk: The New Challenge for Gl
8/25/2018 Catch-Up Catch-Up
8/26/2018 Catch-Up Catch-Up
8/27/2018 ERM-125-15 Loss Models Further Topics, Klugman, Panjer and W
8/28/2018 ERM-602-12 Investment Management for Insurers, Babbel and F
8/29/2018 Article Risk Appetite: Linkage with Strategic Planning Repo
8/30/2018 Article Modeling Tail Behavior with Extreme Value Theory,
8/31/2018 Article SOA Monograph- A New Approach to Managing Op
9/1/2018 Catch-Up Catch-Up
9/2/2018 Catch-Up Catch-Up
9/3/2018 Article Summary of “Variance of the CTE Estimator” Risk M
9/4/2018 Financial Enterprise Risk Mana Ch. 9: Some Useful Statistics (background only)
9/5/2018 Value at Risk Ch. 9: Forecasting Risk and Correlations
9/6/2018 Value at Risk Ch. 18: Credit Risk Management (excluding Append
9/7/2018 ERM-102-12 Value at Risk: Evolution, Deficiencies, and Alternativ
9/8/2018 Catch-Up Catch-Up
9/9/2018 Catch-Up Catch-Up
9/10/2018 ERM-105-12 Coherent Measures of Risk – An Exposition for the L
9/11/2018 Article Summary of “Variance of the CTE Estimator,” Risk M
9/12/2018 Article ASOP 23: Data Quality, pp. 1-9
9/13/2018 Financial Enterprise Risk Mana Ch. 16: Responses to Risk
9/14/2018 ERM-107-12 Strategic Risk Management Practice, Andersen and
9/15/2018 Catch-Up Catch-Up
9/16/2018 Catch-Up Catch-Up
9/17/2018 ERM-110-12 Derivatives: Practice and Princi
9/18/2018 ERM-111-12 Key Rate Durations: Measures of Interest Rate Risks
9/19/2018 ERM-112-12 Revisiting the Role of Insurance Company ALM with
9/20/2018 ERM-115-13 Creating an Understanding of Special Purpose Vehic
9/21/2018 ERM-122-16 Chapter 1 of Captives and the Management of Risk,
9/22/2018 Catch-Up Catch-Up
9/23/2018 Catch-Up Catch-Up
9/24/2018 ERM-128-17 The Breadth and Scope of the Global Reinsurance M
9/25/2018 ERM-129-18 AAA PBR Checklist - Assumptions Setting (section C
9/26/2018 ERM-130-18 AAA Model Governance Practice Note
9/27/2018 ERM-131-18 Leveraging COSO Across The Three Lines Of Defense
9/28/2018 ERM-132-18 Best Practices For Creating Your Own ORSA Report
9/29/2018 Catch-Up Catch-Up
9/30/2018 Catch-Up Catch-Up
10/1/2018 ERM-702-12 IAA Note on ERM for Capital and
10/2/2018 Article End to End Assumption Documentation Practices, P
10/3/2018 ERM-101-12 Measurement and Modelling of Dependencies in Ec
10/4/2018 ERM-106-12 Economic Capital – Practical Considerations, Millim
10/5/2018 ERM-123-14 S&P Enterprise Risk Management Criteria (paragrap
10/6/2018 Catch-Up Catch-Up
10/7/2018 Catch-Up Catch-Up
10/8/2018 ERM-126-15 ORSA – An International Requirement (sections 3.1
10/9/2018 ERM-501-12 Risk Based Capital–General Overview
10/10/2018 Value at Risk Ch. 8: Multivariate Models
10/11/2018 Value at Risk Ch. 11: VAR Mapping
10/12/2018 Value at Risk Ch. 17: VAR and Risk Budgeting in Investment Mana
10/13/2018 Catch-Up Catch-Up
10/14/2018 Catch-Up Catch-Up
10/15/2018 ERM-329-17 Risk Factors as building blocks for Portfolio Diversifi
10/16/2018 ERM-330-17 Barton Waring Liability–Relative Investing I
10/17/2018 ERM-610-17 Barton Waring Liability–Relative Investing II
10/18/2018 ERM-611-17 Investment Management for Insurers, Ch. 26: The U
10/19/2018 ERM-612-17 Modern Investment Management: An Equilibrium A
10/20/2018 Catch-Up Catch-Up
10/21/2018 Catch-Up Catch-Up
10/22/2018 Catch-Up Catch-Up
10/23/2018 Catch-Up Catch-Up
10/24/2018 Catch-Up Catch-Up
10/25/2018 Catch-Up Catch-Up
10/26/2018 Catch-Up Catch-Up
10/27/2018 Catch-Up Catch-Up
10/28/2018 Catch-Up Catch-Up
10/29/2018 Catch-Up Catch-Up
106