Published in two spiral-bound volumes with 13 distinct modules, this manual highlights and emphasizes key concepts and has been field tested with Exam MLC/3L students.
The manual concludes with a detailed index, which is very helpful when reviewing specific concepts as the exam date approaches. Feedback received from student input has been incorporated into this manual. Customer feedback has been extremely positive.
Each module contains a detailed and easily understood summary and explanation of the topics with examples. Solutions to examples are thoroughly explained and old exam problems are integrated into the text as an additional teaching opportunity. Each module then concludes with practice problems and additional sample exam questions.
For additional practice, the manual concludes with three final problem sets and several practice exams, all with complete solutions.
This edition has been improved in several ways, while maintaining the overall approach that has been so popular with students. Learning objectives and references to additional readings have been added to the beginning of each module.
Cross-references to the textbook Models for Quantifying Risk has been added. Additional practice problems and additional explanations have been added for particularly difficult topics. Two new, original practice exams have been added.
The manual has a great layout, nice font/font size, the appearance is very easy on the eyes, the language is so simple and friendly/plain and EASY to read. The use of examples and then exercises with only a numerical answer (no explicit solution) is VERY, VERY effective, helps motivate and builds instant confidence as I study. I will have a better shot of passing since I used the Actex manual. It's keeping my confidence level up as I notice that I can solve previous exam problems on the first try! Thanks ACTEX and to the authors. -- Dan Kamka, MLC/3L Student
Technical assistance on the contents of the manual is available with the purchase of this item. Please send your questions to: retail@actexmadriver.com. You will receive a thorough response to your questions in a timely fashion.
About the Authors
The team brings together the three distinct perspectives of a practicing actuary, an academic scholar and an experienced technical writer who has also passed actuarial exams and is very close to the student experience.
Author: Warren Luckner, FSA, MAAA, CFA Warren Luckner is the David P. Hayes Memorial Chair in Actuarial Science, and Director of the Actuarial Science Program at the University of Nebraska - Lincoln. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a Chartered Financial Analyst, and a former Vice-President of the Society of Actuaries Board of Governors.
Warren began his actuarial career as an individual life insurance pricing actuary at Aid Association for Lutherans. After attaining his fellowship, Warren served on the faculty of the University of Nebraska - Lincoln Actuarial Science program for 9 years. He left Nebraska for the opportunity to serve on the staff of the Society of Actuaries. As a member of the SOA staff, he served in various education and research capacities for 14 years. Subsequently, he served as Associate Professor of Mathematics and Director of Actuarial Studies at Benedictine University in Lisle, IL.
In an effort to repair the damage done to the image of the Nebraska actuary by Jack Nicholson in the movie "About Schmidt", he returned as Director of the Actuarial Science program at Nebraska in the fall of 2003, and was named David P. Hayes Memorial Chair in Actuarial Science in April 2005. He's still working on the image task. Author: Matthew J. Hassett, Ph.D. Matthew J. Hassett is professor emeritus of mathematics at Arizona State University where he taught from 1966 to 1999. He worked in industry as a health actuary from 1999 to 2005. He has published papers in mathematical logic, mathematics education, finance and actuarial science.
Dr. Hassett has co-authored an introductory statistics textbook, the probability textbook Probability for Risk Management and the ACTEX study guides for exams FM, MLC and MFE of the Society of Actuaries. He also has consulting experience in mathematical analysis of mortgage-backed securities and their derivatives. Dr. Hassett was an Associate of the Society of Actuaries until 2008.
Author: Donald G. Stewart, Ph.D. Dr. Stewart is Professor Emeritus of Mathematics at Arizona State University.
He retired in December 1996 after 34 years of teaching, 33 of those years at ASU. His original research interest was in topology. Since 1994 Dr. Stewart has worked with actuarial students at ASU and helped develop a televised course in Survival Models. He has extensive experience in providing analysis for expert witnesses. He is co-author (with Matt Hassett) of Probability for Risk Management. Dr. Stewart has co-authored the ACTEX study manual for exam M of the Society of Actuaries. Author: Amy C. Steeby, MBA Amy C. Steeby, MBA is a technical writer and former P&C insurance industry analyst. In addition to her published written work, Ms. Steeby has created classroom learning and training tools. She recently completed her MBA degree and is pursuing her Ph.D. in Educational Technology, with emphases on distance education and the cognitive aspects of learning.
Table Of Contents:
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