Acturial Study Materials

ASM Study Manual for Exam C/Exam 4, 18th Edition

By: Weishaus

Edition:18th Edition


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This manual offers comprehensive coverage of the syllabus for SOA Exam C and CAS Exam 4. In its 64 lessons, the following topics are reviewed:

  • Parametric distributions

  • Risk measures

  • Coverage modifications, including deductibles, claims limits, coinsurance, and inflation

  • Discrete distributions

  • Compound models

  • Aggregate deductibles

  • Empirical estimators, including ogives, product-limit and Nelson-Aalen

  • Kernel smoothing

  • Mortality table construction

  • Parametric estimation, including method of moments, percentile matching, and maximum likelihood

  • Hypothesis testing

  • Limited fluctuation credibility

  • Bayesian credibility

  • Buhlmann credibility

  • Empirical Bayes methods

  • Simulation

  • Bootstrap approximation

The manual has about 1500 pages, about 250 examples, 72 in-lesson exercises, and about 1400 end-of-lesson exercises, including both original and old exam questions, many of them taken from pre-2000 exams, which are not easily available, all with worked out solutions. In addition to these exercises, there are 13 full-length (35-question) practice exams. An appendix has a cross reference to help you track down lessons corresponding to published 2000 and later exam questions, and there is an index. Many students have found this manual adequate by itself for exam preparation, but the Klugman textbook and the study notes required for the exam are referenced in each lesson if you wish to use them.

New for Spring 2017: The minor syllabus change made starting with the October 2016 exam has been incorporated. All known errata have been corrected



Abraham Weishaus

Formerly financial reporting actuary for Guardian Life Insurance Company. Served on the SOA’s Education and Examination Committee for 11 years. Taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years and for CAMAR for 6 years. Currently is a professor at Columbia University and teaches exam preparation courses at St. Johns University.

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Actuarial Study Materials

ASM has been helping students prepare for actuarial exams since 1983. We offer study materials for Exams P/1, FM/2, MLC, MFE/3F, C/4, S and EA-1, EA-2F and EA-2L, written by an outstanding team of authors. ASM Products are sold at ACTEX Learning | Mad River Books and The Actuarial Bookstore.