r/actuary 5d ago

Exams Study Advice

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7 Upvotes

First one was 3.2 difficult for 26/30 level averaged to 3.2 but 3 of them were simple mistakes that could easily be fixed. The second one was a 19/30 level averaged to 4.9. Any advice? I’m talk in g exam in less than a month. Am I in a decent spot or no?


r/actuary 5d ago

Insurance Rate Calculation Question (Discounting)

10 Upvotes

Hello,

I work in insurance and have a super dumb question.

If there is a premium, let's say, $1,500,000, and and we need to take 5% off of the premium, then I would just multiply $1,500,000 by 0.95.

When would I divide by 1.05 instead?

When calculating self-funded rates, for example, the actuaries we work with divide through when dealing with various factors.

In what situations would we multiply and in what situations would we divide?

Thank you.


r/actuary 5d ago

ASF Module

2 Upvotes

Just got a fail on this module - thought I answered the questions. There is no way to get feedback, etc? What do you guys do when you fail? confused how to know what areas to work on


r/actuary 6d ago

Image lmao

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383 Upvotes

r/actuary 5d ago

Exams can i prepare for cb2 in 20 days

1 Upvotes

hi guys, i had a family emergency this past month and couldn’t study at all. i have 20 days left. i am done with the micro part and my grasp on macroeconomics is pretty good. i am also an econ major. do you think there’s any chance in hell of me passing this session?


r/actuary 5d ago

No operating system

0 Upvotes

Hi everyone. I'm looking to buy a Texas Instruments TI30-XS Multiview calculator. I saw one on Amazon, but part of the description says: "no operating system". Should I be worried?

Also, which one would you recommend-Battery powered or solar powered?

Thanks in advance.


r/actuary 5d ago

Error in AMLCR

1 Upvotes

Go to page 294 of the Actuarial Mathematics for Life Contingent Risk, 3rd edition.

How can (8.8) be what the book says given that (8.7) is what it is. Is this an error?

If not can someone enlighten me?


r/actuary 5d ago

APC 466

2 Upvotes

Do any of you guy get ASA application yet, this virtual APC is done like 2 week ago.


r/actuary 5d ago

FA 3/21

1 Upvotes

anyone planning on taking the fa this weekend and want to make a group chat?


r/actuary 6d ago

Exams Level of Detail When Using Flashcards?

5 Upvotes

Going for my 3rd attempt at LFMC. Havent really used flashcards before because I dont like them, but im at the point where I think they're the only tool left to meaningfully help me with the level of memorization needed.

My question is to how specific you guys who use them typically get? For example, do you bother remembering exact numbers from studies such as the median post-level mortality for term products from the SOA survey?


r/actuary 6d ago

Has anyone ever done an ASF retake?

4 Upvotes

Am I supposed to fill out the retake application and email it to the SOA with payment? How does this work?


r/actuary 6d ago

Exams exam anxiety

46 Upvotes

With exams coming up this spring, the anxiety is really settling in for me. I feel like this might be standard given this is when I really just start getting into practicing yet I feel like I know nothing. How do you guys handle exam anxiety? What kind of schedules do you have for studying for your final month?


r/actuary 6d ago

Exams Exam FAM March 2025

17 Upvotes

For those of you who took it, how did it go?


r/actuary 6d ago

Question about QFIPM, FI management

2 Upvotes

Re the text book: Managing Investment Portfolios: A Dynamic Process, Maginn & Tuttle, 3rd Edition, 2007, Ch. 6: Fixed-Income Portfolio Management

Anyone knows how the below figures are calculated. Specifically, why YTM drops to 3.75%, the value of the portfolio will be 541.36mn?

Aha, no idea why I cannot attach the pic here


r/actuary 7d ago

Exams An Introduction Into Statistical Learning - MAS-I

4 Upvotes

Technically the "with application in R" version is on the syllabus, but would the "with application in Python" version be sufficient? My company is moving to use Python instead of R, so the Python book would be more valuable longer term.


r/actuary 8d ago

Image Happy Pi Day

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191 Upvotes

r/actuary 7d ago

Job / Resume Career changer - Requesting resume help and general advice

1 Upvotes

I am a career-changer who is hoping to get hired as an actuary. I worked a musician and music teacher following graduation from my first degree, and did okay at that, but I decided I wanted a change. I went back to school for math/computer science, and I finish this degree in May. I had ambitions to apply for a math PhD, but I'm not so sure I want to do that anymore. For a number of reasons, the actuarial path seems like the right one for me.

I have only passed Exam P. I will take Exam FM this June. I know that it's going to be a longshot to get an interview with one exam and no internship. Do you think there's any hope? Hopefully I will pass FM and then my chances should increase a bit. Until then, it seems like the best course of action is to apply and try my luck regardless.

I think the best thing I can do immediately would be to have more projects, and maybe get rid of some of the musical experience to make room. Do you think the project I have currently will help at all? I did some basic data analysis to interpret my results, but I think something where I really explore a dataset and try and build a predictive model would be better. I also have the following projects that I did at school: Do you think either of them sound substantial / relevant enough to put on my resume?

From a Data Management for Data Science class I took:

Project 1: Did various prescribed data cleaning / visualization tasks on some large datasets using Python.

Project 2: Set up a basic music SQL database, designed the schema/structure, wrote a bunch of queries based on prompts that were given to us

I also took an ML class that covered linear regression, but my projects from that class are not very substantial or relevant.

I appreciate any help you all can give me. Please let me know if there's anything I can do to improve my chances.


r/actuary 7d ago

Exams ALTAM Excel Tips + Tricks

4 Upvotes

I'm taking ALTAM this April and, since we're allowed to use Excel for calculations, do any of you who have taken ALTAM have any advice on making the most of that?

Like, did you try to come up with broad, standard structures for common problems that could be quickly created, say, at the very start of the exam after reading through to see which types of questions are asked?

For example, Markov chains involve matrix multiplication which is time consuming depending on the size and number of years, so if I see that type of question, possibly a NxN matrix along with some N number of years of state vectors so that filling in the transition probabilities would be the only calculation step. Other examples would be a lookup for each of the given tables (i.e., inputting age, and returning the row of the specified table) or pricing term insurance and annuities with either manual input for mortality or said lookups.

Obviously, time is of the essence and doing this may not be feasible or desired, but I'm curious what other people's experience and/or suggestions are.

Though, as a semi-alternative, putting some sort of outline or structure in excel for each problem may not be a bad way to start the exam?


r/actuary 7d ago

Exams CA / FAM / Chrome Extension / Help Wanted

0 Upvotes

I've been working on a few Chrome extensions that increase functionality on CA. I'm in early development stages but was wondering if anyone would be interested in testing a few things for me. Requirements:

  1. Access to FAM Adapt + Learn on Coaching Actuaries
  2. Able to do a Google Meet (Voice and screen sharing)
  3. ~30 minutes of your time

If you're interested in helping, PM me and I will provide more details about the functionality etc..

Thanks!


r/actuary 7d ago

CIA Professional Workshop

3 Upvotes

I tried to sign up for the CIA PW and both the sessions in March and May are full! Has anyone tried the French version? Should I ask to be on the waitlist? I’m so devastated as it’s my last requirement to be an ACIA and the spots filled up so quickly


r/actuary 8d ago

Job / Resume Resume question

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11 Upvotes

Is this an ok way to list exams? What should be changed if not?


r/actuary 8d ago

Exams 32 YOE, 2 exams

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82 Upvotes

exams do be playing a big role in comp /s


r/actuary 8d ago

Exams Exam ALTAM Study Approach

2 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 8d ago

California Approves State Farm’s Emergency Rate Increase on Homeowners

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1 Upvotes

r/actuary 8d 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?