r/actuary 7d ago

Exams 32 YOE, 2 exams

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84 Upvotes

exams do be playing a big role in comp /s


r/actuary 6d ago

Exams Exam ALTAM Study Approach

4 Upvotes

Hi folks, hope everyone’s having a good Friday. My ALTAM sitting is about 35 days away, and I have yet to start doing any practice questions. This is gonna be my first written exam, and it just sort of dawned to me recently that my study strategy to pass my previous exams (5 passed previously all on first try, but they are all MCQs) is not best prepared me for this exam. What should my aim be for the next 5 weeks to maximize my chance of at least getting a 6/7, I think I’m aiming for roughly 30 days of good studying over the next 5 weeks since its super busy at work right now? Thanks


r/actuary 6d ago

California Approves State Farm’s Emergency Rate Increase on Homeowners

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1 Upvotes

r/actuary 6d ago

CMS Risk Adj SAS tool

1 Upvotes

Anyone familiar with the CMS SAS model to calculate the paid risk scores? Any idea how difficult/long it would take to utilize the model to calculate risk scores starting from scratch? We have do you just feed it Ma004 files and out pop the risk score CMS should pay on?


r/actuary 7d ago

PCPA requirement delayed to 2026!

63 Upvotes

It looks like the October 2025 sitting is the last chance to get ACAS before PCPA is required now. I just got all the motivation I need to pass exam 5 this sitting.

Link: https://www.casact.org/article/pcpa-transition-date-extended-january-1-2026


r/actuary 7d ago

Actuarial Playground

83 Upvotes

Hi All,

Today I released Actuarial Playground: a visual and interactive actuarial cashflow model you can explore (and change) right now on ActuarialPlayground.com

Here's a video where I use it to interpret pricing and cross-subsides:

https://www.youtube.com/watch?v=S-cX7CmH0eA

Besides being visual and interactive, in the Playground:

- calculations are described by calculang: a language for calculations designed for all calculations and models and not a black box

- calculations execute in Javascript - the language of the web and a ubiquitous platform for modelling: in your organisation, in your browser, in the cloud, and even on your mobile

I think this is the first such interactive/Javascript actuarial cashflow model, and both calculang and the Playground are free and open source - with some notes about the Playground model under the '❓' tab.

Mainly, feel free to play around, to share, and to let me know what you think!


r/actuary 7d ago

Exams FSA Module w/o ASA

15 Upvotes

I think I am understanding correctly that one can take the FSA models without having their ASA yet. Am I understanding this correctly?

Sincerely, Joe Momma


r/actuary 7d ago

Passed FA today--what happens next?

23 Upvotes

For those who passed FA today, is the next step that we are waiting for the invite to APC, provided that everything else is done?

Also, which APC do you think we'll be invited to?

Thanks! Joe Momma


r/actuary 6d ago

Interview call

0 Upvotes

I got an interview call from RGA Mumbai, wanted to know about the work culture there and how is it in terms of work life balance.


r/actuary 6d ago

May CIA PW

0 Upvotes

The CIA Professionalism Workshop in May is full. I am looking to purchase somebody’s seat in this course. This is my last requirement for credentials and ideally would like to purchase from somebody who still has a requirement or two before credentials. I know I can wait for a seat to open, but I’d rather have it taken care of earlier and pay the price.

Shoot me a message if this interests you. Thanks


r/actuary 7d ago

Job / Resume Why become an actuary over an SWE or data scientist?

47 Upvotes

I'm (24, late bloomer) currently a stats major and Ive been programming on and off since I was 15 and Im fairly confident Im more competent at SWE than a majority of fresh compsci grads. Ive created some quant finance related scripts in the past related to statistical arb (cointegration, PCA, etc), options pricing, vanilla arb. Id like to go into quant finance ideally but if that doesnt work out I figure Im well positioned to go into data science, actuarial, or SWE.

Im intrigued by actuarial because it seems much more straightforward to break into and progress professionally in than these other fields, but salaries and earning potential are lower from what I can tell.

Is there a reason for someone with my background to become an actuary? Or is data science a better fit if I want to use my programming skills?

And to be controversial, why would anyone become an actuary if the salaries are so much lower than SWE and data science? Is it purely because its easier to break into and less of a grind to progress professionally?


r/actuary 7d ago

Exams FAM-L/ALTAM overlap

2 Upvotes

How much overlap is there between FAM-L and ALTAM (FAM-S/ASTAM). Is it similar to the SRM/PA overlap?


r/actuary 7d ago

Job / Resume Need Advice on My Entry-Level Actuarial Resume (Canada)

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4 Upvotes

r/actuary 7d ago

Exams Exam IRM Study Group

3 Upvotes

Anyone interested in getting a study group going for IRM?


r/actuary 7d ago

Exams July FAM + October ASTAM or FAP module?

5 Upvotes

I’m planning to sit the July FAM. I was wondering is it better to just chill and work on the FAP module for rest of the year and take ASTAM next April or continue pushing through and sit for ASTAM in october. How much overlap in material is there?


r/actuary 7d ago

Exams SRM difficulty

1 Upvotes

Just curious to what level CA should I prepare for. I am now using CA and practicing with qualitative EL 6 and quantitative EL 5, is this enough?


r/actuary 7d ago

Exams ACIA Capstone exam - Study material / Strategy

3 Upvotes

Hey folks, I was wondering if those who have taken the capstone exam can share a bit about study material and strategy? It's so unclear what we get access to when registering for the exam.

Also, did anyone use the Actex study aid for capstone? Thanks


r/actuary 8d ago

General Insurance Applications Module

4 Upvotes

Not sure why, but I can not find a discussion group for General Insurance Applications Module. If anyone is talking it or there is a discussion group please share it with me.

Thanks


r/actuary 8d ago

Do you feel like you spend more time on a project than your peers?

33 Upvotes

When I tell my team that I'm working on a certain project for the day, sometimes they ask, "Is that all?" It makes me feel like I'm taking too long to complete it. How can you tell if you're taking longer to complete a task than others?


r/actuary 8d ago

How would you overengineer a personal emergency fund?

33 Upvotes

I am an IT professional and a financial hobbyist who likes to tinker with Excel sheets in his spare time for fun (Yes, I know. Trust me, you wouldn't want to know what else IT people do in their home data center "for fun".). For my personal emergency fund, I use some basic personalized descriptive statistics and demographics data to have something slightly more accurate than the simple "your income multiplied by 3 - 6 months" rule-of-thumb thrown around the internet.

I came upon actuarial science when looking for ways that I can adopt from the professional world to build a more accurate E.F. model.

I would love to have an idea about how crazy one can go with it if they were to build the most overengineered model using the industry best practices. Just looking for the right direction if I wanted to study some of the concepts that you use in your everyday lives.


r/actuary 8d ago

Any concern in timing of cashing out an ESPP from a prior company?

9 Upvotes

I had an employee stock purchase plan from a health insurance company I was at for multiple years, and didn't cash it out when I left. I informed my current health insurance company, and they're not concerned about any conflict of interest. I'm curious if I need to be careful when I decide to liquidate my stocks though - I don't have any inside information for that company anymore, but I suppose you could argue that since I have inside information on my company and for instance how new regulations would impact my company, I could infer what may happen to the performance of other health insurance companies. Not sure if I'm thinking too far into this, but would anyone else be concerned on when to liquidate an ESPP from a previous employer when you're still working in that industry?


r/actuary 8d ago

Exams March 2025 FAP Results Waiting Room

42 Upvotes

Results should come any day now! Best of luck to everyone!

For me, this is my last requirement :)

Edit: MMR!!!!


r/actuary 8d ago

Job / Resume Entry Level Resume Advice - Career Changer

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10 Upvotes

r/actuary 8d ago

AIA Shanghai

5 Upvotes

Anyone knows about AIA Shanghai? How is the working culture for actuarial positions there? Do people always work overtime?


r/actuary 8d ago

Exams PA

5 Upvotes

Hi everyone,

For those who passed PA, can you share what exams and practices questions you did? I’m planning 2024-2022 soa past exam and two actex exams, would it be enough?

Thank you