Exam P (Probability) is usually the first exam most actuarial science students sit for. The exam encompasses a wide range of topics in assessing insurance risk such as probability density functions, cumulative distribution functions, probability generating functions, moment generating functions, mean, variance, standard deviation, etc. A deeper understanding of calculus is required to successfully pass this exam.

AnalystPrep’s study materials for Exam P has been built by academics and professionals in the field of actuarial probability. It includes study notes so that you can learn the concepts in-depth, an exam P question bank with hundreds of practice questions – divided by learning objective – and unlimited customizable quizzes to replicate the real exam. Moreover, you will be able to pinpoint your strongest and weakest areas with our advanced analytics algorithm.

Exam FM (Financial Mathematics) is usually the second exam most actuarial science students sit for and consists of three hours of multiple-choice questions. The exam covers interest theory and basic understanding of derivative securities. The focus of this exam is to deepen the candidate’s understanding of how to price securities (loans, bonds, swaps, etc.) given a set of futures cash flows.

AnalystPrep’s study materials for Exam FM has been prepared by academics with a deep understand of financial mathematics. It includes topic summaries so that you can learn the rudimentary aspects of securities pricing, an exam FM question bank with hundreds of practice questions – well-organized by topic – and unlimited customizable quizzes to replicate the real exam or pinpoint some harder topics. Having previously worked on CFA and FRM exams, AnalystPrep’s team is at the right place to know exactly what it takes for candidates to further their understanding of financial mathematics.