Fundamentals of Actuarial Practice (FAP) 30-Day Trial Account
The Society of Actuaries (SOA) e-Learning program was launched in February 2006 with the release of Module 1 of the Fundamentals of Actuarial Practice (FAP) course. The course is one among several requirements for individuals who desire to be admitted as Associates of the Society of Actuaries (ASA). The FAP course may also be appropriate for any individual engaged in actuarial work. Some current course participants are college or university students while other course participants are working for employers in part- or full-time positions. Course participants come from a wide array of educational and career backgrounds.
Expected Trial Account Audiences
Trial account audiences include, but are not limited to:
- High school students interested in pursuing actuarial science.
- Parents assisting their children with college/university selections and/or career planning.
- College and university students enrolled in mathematics or other quantitative programs.
- College and university professors.
- High school, college and university guidance counselors.
- Managers working with and coaching actuarial students.
- Interested business professionals.
The FAP Course
FAP is comprised of eight modules each followed by an Interactive Scenario and End-of-Module Assessment (with the exception of Module 8), three reflection journals, and a Final Assessment. Participants have two years to complete the entire FAP course. There are no prerequisites required to enroll in the FAP course, however those taking FAP have typically progressed through one or more of the preliminary exams.
FAP encompasses real-world applications and uses examples to demonstrate actuarial principles and practices. Practical techniques are presented to assist participants in their day-to-day work. Participants also have opportunities to apply these principles and techniques in traditional and non-traditional actuarial practice areas. With familiarity to the fundamentals, candidates for the ASA are better prepared to apply their learning to new areas of practice that may emerge during the course of their actuarial career.
Trial Account Content
An FAP Trial Account gives you 30-day access to the following:
- FAP Module 1: Introduction/Role of the Professional Actuary
- FAP Module 1 Interactive Scenario
The following content is excluded from the FAP Trial Account:
- Offline textbook readings
- Learning Companion
- End-of-Module Assessments and the Final Assessment
Module Trial Account participants are, therefore, able to view Module 1, Module 1 Interactive Scenario and e-Learning content as if they were candidates completing the FAP course. From a practical standpoint, your experience should be very similar to that of an actual candidate completing Module 1 and Module 1 Interactive Scenario.