Be an Actuary

Here is some good information given below;

Good site for information for understanding how to prepare for actuary exams :  http://www.pstat.ucsb.edu/instruction/actuary/study.html


Quizzes and study material can be gotten at

 

2 popular  Coaching institutes

  1. https://www.coachingactuaries.com/ can be used for 30-60 days subscription for practice exams and question bank
  2. this below one is more popular http://www.theinfiniteactuary.com/ (also called as TIA) – has good video lectures

 

 Blog and forums to get practice exams and solutions to problems :

For Indian actuary exams preparation :  http://www.actuarialscienceonline.in/

 

 List of exams for CAS designation

 http://www.casact.org/admissions/process/

 https://www.soa.org/education/exam-req/resources/edu-txt-manuals.aspx

 

 Study methods and tips

http://www.beanactuary.org/exams/what/?fa=study-methods-and-tips

 https://www.soa.org/library/newsletters/the-future-actuary/2007/summer/how-to-prepare.aspx

 

 List of exams to complete

Preliminary Exams:

o    Exam 1 – Probability (credit received through SOA Exam P)

o    Exam 2 – Financial Mathematics (credit received through SOA Exam FM)

o    Exam 3F – Models for Financial Economics (credit received through SOA Exam MFE)

o    Exam LC – Models for Life Contingencies**

o    Exam ST – Models for Stochastic Processes and Statistics**

o    Exam 4 – Construction and Evaluation of Actuarial Models (credit received through SOA Exam C)
**Exams offered through Spring 2015. However, transition rules allow candidates with credit for either Exam ST or LC to take the exam required to obtain credit for a new Associate Exam, Exam S, by Spring 2016.

Associate Exams:

o    Exam S – Statistics and Probabilistic Models***

o    Exam 5 – Basic Techniques for Ratemaking and Estimating Claim Liabilities

o    Exam 6 – Regulation and Financial Reporting (Nation-Specific)

§  Actuarial Institute of Chinese Taipei

§  Canada

§  United States

***New exam offered beginning in Fall 2015 replacing Exams LC, ST, and VEE-Applied Statistical Methods.

To reach the FCAS designation, which takes another two to three years after becoming an ACAS, candidates must complete all ACAS requirements, in addition to Fellow Exams.

Fellow Exams:

o    Exam 7 – Estimation of Policy Liabilities, Insurance Company Valuation and Enterprise Risk Management

o    Exam 8 – Advanced Ratemaking

o    Exam 9 – Financial Risk and Rate of Return

To achieve the CERA designation, candidates must complete:

·         All requirements for CAS Associateship

·         CAS Exams 7 and 9

·         Exam ST9, Enterprise Risk Management Specialist Technical of the Institute and Faculty of Actuaries (U.K.)

·         Three-day Enterprise Risk Management and Modeling Seminar for CERA Qualification