Exam ILA-LAM

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Fall 2019 study notes available

Thu, 06 Jun 2019

SOA study notes are now available for sale for fall on the SOA’s site.

LAM vs LRM – How Different?

Mon, 27 May 2019

As many of you know, this is the first sitting for the new LAM exam! Lately I’ve been getting a lot of questions about LAM vs LRM, so I wanted to collect some thoughts here. 1. LAM Syllabus: First of all, the LAM syllabus is very different from the LRM syllabus. You should think of it as … Continue reading

Don’t neglect exercise in your study routine

Thu, 24 Jan 2019

When studying for actuarial exams on top of work and personal responsibilities, it is very easy to neglect your physical health by not exercising. This is a big mistake. As Wendy Suzuki explains in her TED Talk, “The Brain-Changing Benefits of Exercise,” when you exercise it literally changes your brain for the better. Your focus … Continue reading

Registration is open for spring 2019 exams

Wed, 23 Jan 2019

Registration for all spring 2019 SOA exams is now open on the SOA’s site. Please don’t forget to register for the exam. The deadline is March 25, 2019.

Introduction ... lessons ... min of video
- Introductory Materials ...
  - LAM Intro Video (9:34)
  - Fall 2019 LAM Release Date Schedule (sample) (handout)
  - LAM Syllabus (handout)
  - Using the Course Forum (11:12)
  - How to Prepare for FSA Exams: Tips and Best Practices (25:50)
  - Fall 2019 LAM Suggested Study Schedule (sample) (handout)
  - SOA Guide to Written Exams (handout)
  - Video Player Keyboard Shortcuts (sample) (handout)
  - If You Failed (handout)
- Important: Understanding the Format of FSA Exams ...
  - First FSA Exam? Learn how FSA exams are different from the prelims. (17:53)
  - Meet the Verbs Part 1: The relative value of verbs used in past FSA questions (11:46)
  - Meet the Verbs Part 2: Verb definitions (5:58)
  - Meet the Verbs Part 3: Specific examples of how to answer questions based on the verb used (25:31)
A. Stochastic Models, Generalized Linear Models, Multi-State and Transition Matrix Models (Ready by 6/30) ... lessons ... min of video
- A.1: Stochastic Models ...
B. Issues Common to Models (Including Model Governance and Data Issues) (Ready by 8/30) ... lessons ... min of video
C. Asset-Liability and Projection Models (Ready by 7/15) ... lessons ... min of video
- C.1 Asset-Liability and Projection Models ...
- C.2 LTC Case Study ...
  - LAM-141: Case Study: LTC Insurance First Principles Modeling, Modeling (handout)
  - LAM-142: Case Study: LTC Insurance First Principles Modeling: Mortality Assumptions (handout)
  - LAM-143: Case Study: LTC Insurance First Principles Modeling: Lapse Assumptions (handout)
D. Economic Scenario Generator and Equity-Linked Models (Ready Now!) ... lessons ... min of video
- Section D Handouts ...
  - Section D - Detailed Study Guide (handout)
  - Section D - Video Lesson Handouts (handout)
- D.1: Investment Guarantees (Hardy) ...
  - Standard Normal Table (handout)
  - D.1.1. Inv. Guar. Ch. 1 - Introduction (26:03)
  - D.1.2. Inv. Guar. Ch. 2: Modeling Long-Term Stock Returns (Part 1 of 2) (8:32)
  - D.1.2. Inv. Guar. Ch. 2: Modeling Long-Term Stock Returns (Part 2 of 2) (22:19)
  - D.1.3. Inv. Guar. Ch. 6: Modeling the Guarantee Liability (Part 1 of 4) (5:29)
  - D.1.3. Inv. Guar. Ch. 6: Modeling the Guarantee Liability (Part 2 of 4) (15:05)
  - D.1.3. Inv. Guar. Ch. 6: Modeling the Guarantee Liability (Part 3 of 4) (25:51)
  - D.1.3. Inv. Guar. Ch. 6: Modeling the Guarantee Liability (Part 4 of 4) (10:43)
  - D.1.4. Inv. Guar. Ch. 7: Option Pricing Theory (Part 1 of 2) (28:41)
  - D.1.4. Inv. Guar. Ch. 7: Option Pricing Theory (Part 2 of 2) (11:23)
  - D.1.5. Inv. Guar. Ch. 8: Dynamic Hedging for Separate Account Guarantees (30:42)
  - D.1.5. Inv. Guar. Ch. 8: Dynamic Hedging for Separate Account Guarantees (Part 3b of 3) (7:07)
  - D.1.6. Inv. Guar. Ch. 12: Guaranteed Annuity Options (Part 1 of 2) (15:59)
  - D.1.6. Inv. Guar. Ch. 12: Guaranteed Annuity Options (Part 2 of 2) (15:36)
  - D.1.7. Inv. Guar. Ch. 13: Equity-Indexed Annuities (Part 1 of 2) (24:19)
  - D.1.7. Inv. Guar. Ch. 13: Equity-Indexed Annuities (Part 2 of 2) (32:45)
- D.2: Economic Scenario Generators (ESGs) ...
  - Economic Scenario Generators: A Practical Guide (Intro) (0:50)
  - Economic Scenario Generators: A Practical Guide (Part 1 of 10) (12:26)
  - Economic Scenario Generators: A Practical Guide (Part 2 of 10) (16:15)
  - Economic Scenario Generators: A Practical Guide (Part 3 of 10) (17:16)
  - Economic Scenario Generators: A Practical Guide (Part 4 of 10) (14:16)
  - Economic Scenario Generators: A Practical Guide (Part 5 of 10) (10:34)
  - Economic Scenario Generators: A Practical Guide (Part 6 of 10) (15:47)
  - Economic Scenario Generators: A Practical Guide (Part 7 of 10) (20:59)
  - Economic Scenario Generators: A Practical Guide (Part 8 of 10) (12:49)
  - Economic Scenario Generators: A Practical Guide (Part 9 of 10) (sample) (14:46)
  - Economic Scenario Generators: A Practical Guide (Part 10 of 10) (31:49)
  - Economic Scenario Generators: A Practical Guide (Bonus Video - Ch 11 Derivations) (13:22)
  - LAM-139: Simulation of a Guaranteed Minimum Annuity Benefit (Part 1 of 2) (26:25)
  - LAM-139: Simulation of a Guaranteed Minimum Annuity Benefit (Part 2 of 2) (14:20)
  - LAM-148: Introduction to Economic Scenario Generators - Selecting and Specifying ESGs (Part 1 of 2) (20:46)
  - LAM-148: Introduction to Economic Scenario Generators - Selecting and Specifying ESGs (Part 2 of 2) (17:18)

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