Fundamentals Of Actuarial Mathematics May 2026

: As of November 2024, the exam consists of 34 multiple-choice questions to be completed in 3.5 hours .

: Assumes a strong foundation in calculus, probability (Exam P), and financial mathematics (Exam FM). Fundamentals of Actuarial Mathematics

: Covers foundational principles for both short-term (e.g., ratemaking, loss reserving, frequency/severity models) and long-term (e.g., life insurance, annuities, contingent payment models) risks. : As of November 2024, the exam consists