Actuarial Exams

The two first exams are:

  1. 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.
  2. 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).