Exam STAM: Short-Term Actuarial Mathematics
Welcome to the STAM exam home page! Please review all of the information and links provided below.
The STAM exam is a three-and-a-half hour exam that consists of 35 multiple-choice questions. It 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
The syllabus for Exam STAM provides an introduction to modeling and covers important actuarial methods that are useful in modeling. The candidate will be introduced to useful frequency and severity models, 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, credibility models, and understand basic methods of pricing and reserving for short-term insurance coverages. A thorough knowledge of calculus, probability (as covered in Exam P) and mathematical statistics (as covered in VEE Mathematical Statistics) is assumed.
Because of the changed nature of this exam, results will no longer be instantaneous (at least for the next few sessions) since post-exam analysis will be required by the examination committee. Instead, results will be released on the SOA website about 8 weeks after each testing window ends.
Recognized by the Canadian Institute of Actuaries.