Exam P for actuaries

The first actuary exam

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Description

Exam P is a three–hour multiple–choice examination and is offered via computer–based testing (CBT). It's the first step toward being an actuary.


The syllabus for Exam P develops the candidate's knowledge of the fundamental probability tools for quantitatively assessing risk. The application of these tools to problems encountered in actuarial science is emphasized. A thorough command of the supporting calculus is assumed. Additionally, a very basic knowledge of insurance and risk management is assumed.


Candidates are expected to spend more than 300 hours studing and practice on this exam. The pass rate is around 45%


This course is taught by Yodharin Monplub. Professor Yodharin Monplub has an almost ASA qualification from the SOA, with only FAP left. The following are his exams qualification:

SOA: P FM IFM SRM STAM LTAM

CAS: 1 2 3/F MAS1 MAS2

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At a young age of 22, he is now a full time teacher with over 4 years of teaching experience.


There are 7 sections on this exam.

This will cover all of exam P syllabus

  1. Exam P Section 1 Basic probability, Conditional probability, Independence, Combinatoric and Permutation

  2. Exam P Section 2 Random variable, PDF and CDF

  3. Exam P Section 3 Expectation and Variance

  4. Exam P Section 4 Frequently use discrete distribution

  5. Exam P Section 5 Frequently use continuous distribution

  6. Exam P Section 6 Joint, Marginal and Conditional distribution

  7. Exam P Section 7 Transformation of variable

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Practice Questions

Many practice questions to prepare students for exam P. The difficulty is similar to the real exam P sitting.

What You Will Learn!

  • The Candidate will understand basic probability concepts, combinatorics, and discrete mathematics.
  • The Candidate will understand key concepts concerning discrete and continuous univariate random variables
  • The Candidate will understand key concepts concerning multivariate discrete random variables and the distribution of order statistics
  • Guide candidate to complete the first actuary exam

Who Should Attend!

  • For actuaries, actuary students and those who are interested in becoming an actuary