Exam FAM Study Guide
Includes Study Manual, GOAL, Flashcards, Instructional Videos, & More
Our study guide is the most recommended actuarial prep program. Search the interactive SOA Exam FAM (Fundamentals of Actuarial Mathematics) study manual for different topics and toggle easily between concepts. Note: A printed version is available for purchase with your digital manual.
Exam FAM GOAL - Practice. Predict. Pass.
Wondering how to study for Exam FAM? Practice efficiently with our robust database of questions and solutions and be prepared for the fundamentals of actuarial mathematics exam. Predict your success through GOAL's innovative scoring system. Pass the exam with confidence.
Exam FAM Bootcamp
ACTEX Bootcamps provide a more individualized approach, allow you to ask questions in real time, and boost your last-minute learning. You'll review the harder topics on the exam, as well as common errors and exam strategy. All classes are recorded for future on-demand viewing.
Exam FAM Formula Sheet
This at-a-glance tool helps you memorize and recall key formulas and information. It covers important formulas needed to prepare your exam. Also, it's an easy-to-print format you can study with, no matter where you are.
Exam FAM Videos
Studies have shown video learning can lead to better retention. We offer 163 instructional videos—that's almost 26 hours of video for your SOA Exam FAM study material. A great way to deepen your learning on challenging topics and gain a variety of perspectives from our expert instructors.
Exam FAM Flashcards
Master key topics and formulas with our flashcards, which allow you to filter by topic. To help you direct your focus, each card is rated to indicate its importance on the exam.
Looking for Extra Preparation?
See what textbooks we have to offer to supplement your needs:
Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance
About Exam FAM
The FAM Exam is a two part exam. The short-term section of the examination provides an introduction to modeling and covers important actuarial methods that are useful in modeling. It will also introduce candidates to the foundational principles of ratemaking and reserving for short-term coverages. A thorough knowledge of calculus, probability (as covered in Exam P), and mathematical statistics (as covered in VEE Mathematical Statistics) is assumed.
The long-term section of the examination develops the candidate’s knowledge of the theoretical basis of contingent payment models and the application of those models to insurance and other financial risks. A thorough knowledge of calculus, probability (as covered in Exam P), mathematical statistics (as covered in VEE Mathematical Statistics) and interest theory (as covered in Exam FM) is assumed.
- 3.5 hours in length and consists of 40 multiple-choice questions. It is offered via computer–based testing (CBT).
- FAM is offered 3x per year (March, July & November)
- FAM-L (Fundamentals of Actuarial Mathematics – Long-Term)
- FAM-S (Fundamentals of Actuarial Mathematics – Short-Term)
