Description
Customize your learning with our ACTEX Interactive Study Manual. Your manual comes with:
- Study Manual
- Syllabus coverage with more to come (600+ page manual)
- 135+ Examples
- Over 270 Practice Exercises
- 4 Practice Exams
- GOAL – Exam Question Database
- 1,300+ multiple choice problems with detailed solutions (Written answer questions and solutions to come)
- 3 Learning Modes spanning 3 Difficulty Levels
- Practice: select the syllabus topic(s), level of difficulty and begin.
- Quiz: select the topic(s), difficulty, number of problems and set the timer.
- 2 Simulated Exams
- Other Ways to Learn
- 110+ Virtual Flashcards – for on-the-go study
- Comprehensive Formula & Review Sheet
- Better Ways to Organize
- Study Planner that follows your manual to take the guesswork out of your study schedule and get you quick access to relevant study materials.
- Topic Search – fully linked to seamlessly read, watch, and practice
More Information About Your Study Program and Expert Professors
To help you prepare for Exam ALTAM, ACTEX developed this brand new study manual, written by Professors Johnny Li and Andrew Ng who have deep knowledge in the exam topics. They have published several articles in top-tier academic journals on variable annuity guarantees – a topic that is newly introduced to the SoA curriculum through Exam ALTAM. The learning outcomes stated in the syllabus of Exam ALTAM require candidates to be able to interpret a lot of actuarial concepts. This skill is drilled extensively in our practice problems, which often ask you to interpret a certain actuarial formula or to explain your calculation. Also, in Exam ALTAM you may be asked to define or describe a certain product, model or terminology. To help you prepare for this type of questions, we provide you with the definitions and descriptions of various products and terminologies throughout the study manual. Proofs and derivations are another key challenge. In Exam ALTAM, you are highly likely to be asked to prove or derive something. In this new study manual, we teach (and drill) you how to prove or derive important formulas.
Other distinguishing features of this study manual include:
- We use graphics extensively
- A sleek layout is used
- A unique pedagogical flow is adopted
- Rather than splitting the manual into tiny units, each of which tells you a couple of formulas only, we have carefully grouped the exam topics into 10 chapters and 2 appendices. Such a grouping allows you to more easily identify the linkages between different concepts, which are essential for your success as multiple learning outcomes can be examined in one single exam question.
- Instead of giving you a long list of formulas, we point out which formulas are the most important.
- Whenever possible, concepts and techniques are demonstrated with examples and integrated into the practice problems.
- We explain multiple-state models in great depth. A solid understanding of multiple-state models is crucially important, because many of the learning objectives in Exam ALTAM are related to multiple-state models.
- We teach you how to make tedious retiree health benefit calculations more manageable by using a tabular approach. Also, whenever possible, multiple methods (direct methods and computationally efficient algorithms) are presented.
- We group materials related to profit testing into one single chapter. This arrangement will help you more easily understand profit testing concepts and techniques.
About the Authors
Johnny Li, PhD, FSA
Professor Li is Professor and the Holder of the Munich Re Chair in Predictive Analytics at the University Of Waterloo, Canada. His current teaching and research focus on the interface between actuarial science and predictive analytics. Over the years, his research contributions have led to several prestigious awards, including the Society of Actuaries (SOA) Redington Prize, the SOA Edward A. Lew Award and the SCOR Actuarial Award in Asia.
Andrew Ng, PhD, FSA
Professor Ng is an Associate Professor of Practice in Actuarial Science at the Chinese University of Hong Kong. Prof. Ng has more than 15 years of experience in actuarial science and financial mathematics education. He teaches a broad range of actuarial science and finance courses, including life contingencies, derivative securities, risk management, and predictive analytics. In 2012, he was awarded the Vice-Chancellor’s Exemplary Teaching Award from the Chinese University of Hong Kong. Prof. Ng received his Ph.D. from the University of Iowa.
