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ASM Study Manuals

ASM Actuarial Study Manuals - Learning Made Easier

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Why Choose ASM?

ASM has been helping students prepare for the actuarial exams since 1983. We offer study manuals written by an outstanding team of authors for SOA Exam P, FM, MFE, MLC, C, CAS Exam MAS-I, and Exams EA-1, EA-2F and EA-2L.

  • ASM Preliminary Series Manuals are available in print & digital form, with an option to bundle the two and save money.
  • Authors of ASM Preliminary Series Manuals are available by e-mail to students for technical assistance.
  • Each manual contains practice exams, review questions and complete solutions.
  • Easy to understand
  • Provide practical problem-solving skills

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FM
MLC
MFE
C
MAS

SOA Exam P - Probability

By: Abraham Weishaus, Ph.D., FSA, CFA, MAAA

This manual offers comprehensive coverage of the syllabus for Exam P, with over 500 pages with about 83 examples and 597 exercises. Of these exercises, 151 are original; the others are taken from old exams or are SOA sample questions. All exercises have complete solutions. In addition, the manual has 6 practice exams consisting of 30 original questions.

NEW FOR SPRING 2018: Added new lesson on Probability Generating Functions. Includes corrections to all known errata.

SOA Exam FM - Financial Mathematics

By: Harold Cherry, FSA, MAAA

The 12th edition of the manual is updated for the FM syllabus changes that were implemented in June 2017. New in 12th Edition: Removed Part II of the manual (section on Derivatives Markets) and added coverage of three new study notes added to the exam syllabus. Also, updated six original practice exams to more closely simulate the FM exam for June 2017.

SOA Exam MLC - Models for Life Contingencies

By: Abraham Weishaus, Ph.D., FSA, CFA, MAAA

ASM’s Exam MLC manual offers comprehensive coverage of the syllabus for SOA Exam MLC with over 1800 pages and over 1600 end-of-lesson exercises, including over 625 original and 975 old exam questions, plus over 300 examples and 90 in-lesson exercises. In addition to these exercises, there are thirteen practice exams, all having 20 multiple choice and 6-7 written answer questions, just like the real exam. An appendix has a cross reference to help you track down lessons corresponding to the SOA 318 sample questions and questions from released exams 2000 and later, and there is an index.

New for Spring 2018: Includes solutions to relevant Exam MLC - Fall 2017. Incorporates corrections to all known errata.

SOA Exam MFE - Models for Financial Economics

By: Abraham Weishaus, Ph.D., FSA, CFA, MAAA

This manual offers comprehensive coverage of the syllabus for Exam MFE. In its 22 lessons, the following topics are reviewed: Forwards and futures, Options and option strategies, Put-call parity, Binomial trees, Modeling stock prices with the lognormal distribution, The Black-Scholes formula, Greeks and risk management through delta and delta-gamma hedging, Exotic options, Monte Carlo valuation, and Interest rate models, including the Black-Derman-Toy model.

The 10th edition, 2nd printing, has over 700 pages, about 100 examples and 70 in-lesson exercises, and about 480 end-of-lesson exercises, 370 of them original, all with complete solutions. Also, the manual has 11 original 30-question practice exams (an additional 330 questions), with detailed solutions. While this manual will be adequate for Exam MFE, the McDonald textbook is referenced in each lesson if you wish to use it. This printing of the manual incorporates all errata known at the date of publication.

SOA Exam C - Construction and Evaluation of Actuarial Models

By: Abraham Weishaus, Ph.D., FSA, CFA, MAAA

The manual has about 1500 pages, about 250 examples, 72 in-lesson exercises, and about 1400 end-of-lesson exercises, including both original and old exam questions, many of them taken from pre-2000 exams, which are not easily available, all with worked out solutions. In addition to these exercises, there are 13 full-length (35-question) practice exams. An appendix has a cross reference to help you track down lessons corresponding to published 2000 and later exam questions, and there is an index.

CAS Exam MAS-I - Modern Actuarial Statistics

By: Abraham Weishaus, Ph.D., FSA, CFA, MAAA

This manual provides complete coverage of the syllabus for the new CAS Exam MAS-I. This 1st Edition has 1266 pages and includes SIX practice exams with complete solutions. The manual includes about 1100 exercises (provided in sections after each lesson), with 600 of them being original. Solutions to the exercises are included.