Exam FAM — Fundamentals of Actuarial Mathematics Flashcards
660 fact-checked cards across 18 decks — learn the concepts, drill the formula sheets, and work 270 exam-style practice problems. Written and verified by an FCAS/FSA actuary, with real LaTeX math.
Exam FAM — Fundamentals of Actuarial Mathematics
18 decks · severity, frequency & aggregate loss models, coverage modifications, estimation and credibility, plus survival models, life insurance, annuities, and premiums & reserves.
Concepts, formulas & worked examples across every syllabus topic.
Aggregate Loss Models
Aggregate loss modeling for SOA Exam FAM: the collective risk model $S=X_1+\dots+X_N$ with…
Coverage Modifications
How deductibles, policy limits, coinsurance, and inflation transform a ground-up loss $X$ …
Credibility
Credibility theory for SOA Exam FAM: classical limited-fluctuation credibility (the full-c…
Life Annuities
Expected present values of life annuities for SOA Exam FAM: whole life, temporary, and def…
Life Insurance
Actuarial present values of life-insurance benefits for SOA Exam FAM: discrete (end-of-yea…
Parametric & Empirical Estimation
Estimating loss and survival models from data for SOA Exam FAM: the empirical distribution…
Premiums & Reserves
Net (benefit) and gross premiums for life-contingent contracts on SOA Exam FAM: the equiva…
Severity & Frequency Models
Parametric loss models for SOA Exam FAM: severity families (exponential, gamma, two-parame…
Survival Models & Life Tables
The survival-model foundations of Exam FAM: the survival function $S_0(x)$ and lifetime CD…
Exam-style multiple-choice problems with worked solutions — a free sample of each; the full bank is in the app.
Aggregate Loss Models
Thirty exam-realistic multiple-choice problems on SOA Exam FAM aggregate loss models — col…
Coverage Modifications
Thirty exam-realistic multiple-choice problems on SOA Exam FAM coverage modifications — li…
Credibility
Thirty exam-realistic multiple-choice problems on SOA Exam FAM credibility — limited-fluct…
Life Annuities
Thirty exam-realistic multiple-choice problems on SOA Exam FAM life annuities — whole life…
Life Insurance
Thirty exam-realistic multiple-choice problems on SOA Exam FAM life insurance — whole life…
Parametric & Empirical Estimation
Thirty exam-realistic multiple-choice problems on SOA Exam FAM parametric and empirical es…
Premiums & Reserves
Thirty exam-realistic multiple-choice problems on SOA Exam FAM premiums and reserves — net…
Severity & Frequency Models
Thirty exam-realistic multiple-choice problems on SOA Exam FAM severity and frequency mode…
Survival Models & Life Tables
Thirty exam-realistic multiple-choice problems on SOA Exam FAM survival models — survival …
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