Exam C: Construction and Evaluation of Actuarial Models
Welcome to the Exam C home page! Please review all of the information and links provided below.
Exam C is a three and a half hour multiple–choice examination and is offered via computer–based testing (CBT).
Computer Based Testing is a Two Step Process:
- STEP 1: Register with the Society of Actuaries by the deadline date
- NEXT – Wait 3-5 business days to receive 2nd email – Letter of Confirmation
- STEP 2: Schedule a seat at a Prometric Center
After July 1, 2018 this exam will be revised and renamed the Short-Term Actuarial Mathematics Exam. Learn more.
The syllabus provides an introduction to modeling and covers important actuarial methods that are useful in modeling. A thorough knowledge of calculus and probability is assumed.
The candidate will be introduced to useful frequency and severity models. The candidate will be required to understand the steps involved in the modeling process including determining a suitable model, estimating parameters, and providing measures of confidence. Candidates will also be able to work with aggregate models and credibility models as well as understand the basics of simulation.