Actuarial Exams
The two first exams are:
- Probability exam (P-exam) covers calculus-based probability. The application of probabilistic tools to problems encountered in insurance-related situations is emphasized. A thorough command of calculus and probability topics is assumed. Additionally, a very basic knowledge of insurance and risk management is assumed.
- Financial Mathematics Exam (FM Exam) covers financial mathematics. In particular, this exam covers interest theory (discrete and continuous) and financial derivatives (e.g., options, futures, etc.) It assumes a basic knowledge of calculus (especially geometric series).