A.S.M. - Actuarial Study Materials

Exam FM /Exam 2

by Harold Cherry, F.S.A., M.A.A.A.
and Rick Gorvett, F.C.A.S., M.A.A.A, ARM, FRM, Ph.D.

Description of Manual

The authors will answer questions about this manual received from original purchasers of the 9th edition! Just send an e-mail to FM@studymanuals.com and we will try to answer your questions within a reasonable time frame.

This manual gives a comprehensive treatment of all subjects on the syllabus. The concepts are explained in plain English, in a manner that appeals to your intuition and common sense. The manual points out tricks and shortcuts for certain types of problems, warns you about common traps that students fall into and shows you how to avoid them. There is a summary of key concepts and formulas after each topic, followed by problems, with solutions, from all available past SOA and CAS exams dating from the early 1980’s. (This does not include past exams that are readily available on the SOA and CAS web sites.) Five original full-length practice exams consisting of 35 questions each are included. Also included are 8 sets of Calculator Notes giving detailed instructions for using the BA II Plus calculator. Over 700 pages, and over 1,000 problems with solutions.

Co-Author's Background: Harold Cherry, F.S.A., M.A.A.A

Instructor of courses for Actuarial Society of Greater New York for over 25 years. CEO of A.S.M. Consulting actuary. Was consultant for AXA Equitable for 19 years. Formerly vice president & actuary at New York Life.

Co-Author's Background: Rick Gorvett, F.C.A.S., M.A.A.A, ARM, FRM, Ph.D.

Director of the actuarial science program, and the State Farm Foundation Scholar in Actuarial Science at the University of Illinois at Urbana-Champaign. Teaches and does research in the areas of actuarial science, financial risk management and enterprise risk management, and has a Ph.D. in finance. Prior to entering academia, worked in these areas for several insurers and consulting firms.