Acturial Study Materials

ASM Study Manual for STAM - Short-Term Actuarial Mathematics

By: Weishaus



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Printed manual is printed on the back and front of each page and bound with plastic, coil binding

Reselling, sharing or committing other copyright violations is not allowed. Copyright infringement is a violation of the CAS & SOA Code of Professional Conduct and can result in discipline procedures. 


The 1st edition - Second Printing of the manual has over 1300 pages. Each section includes end-of-lesson exercises, many of which are original. In addition to these exercises, there are twelve practice exams, all having 35 multiple-choice questions all with complete solutions. Many students have found ASM manuals adequate by themselves for exam preparation, but the textbooks for the exams are referenced in each lesson if you wish to use it.

ASM’s Exam STAM manual offers comprehensive coverage of the syllabus for SOA Exam STAM. In its 55 lessons, the following topics (and more) are reviewed:

  • Basic Probability

  • Discrete Distributions

  • Parametric Distributions

  • Frequency – Exposure & Coverage Modifications

  • Variance

  • Aggregate Loss Models

  • Mixtures and Splices

  • Parametric Models

  • Property/Casualty Insurance Coverage

  • Maximum Likelihood Estimators

  • Health Insurance

  • Hypothesis Tests

  • Loss Reserving

  • Credibility

  • Ratemaking

  • Bayesian Methods

  • Deductibles

  • Buhlmann Credibility

  • Increased Limits Factor and Indicated Deductible Relativities

  • Empirical Bayes Non-Parametric and Semi-Parametric Methods

  • Risk Measures and Tail Weight


Corrections to all known errata


Digital manual is available in 6-month or 12-month licenses, initially:

6 Month Digital LicenseNO Printing
12 Month Digital LicensePrint up to 30% of the manual, total



3-month ($127) and 6-month ($159) license extensions are available to customers with confirmed access to this First edition of the manual. Extensions are only available through your 'My Learning Tools' platform. They must be purchased prior to the expiration of your current license (of the same content) and are exclusively for the original user. Extensions do not include printing rights and may not be shared, sold or overidden in any way. Customers in violation of these terms forfeit their licenses and are not eligible for reimbursement. Copyright infringement is in violation of the CAS & SOA Code of Professional Conduct and can result in discipline procedures. 

Manual includes StudyPlusdigital access to:

  • GOAL for STAM

  • Virtual eFlashcards 

  • Actuarial exam and career strategy guides

  • Technical skill eLearning tools

  • Samples of Supplemental Texts & Study Tools

  • And more!

StudyPlus+ & GOAL: A $350 value!

StudyPlus+ access codes are provided within printed study manuals on a fluorescent yellow or green page inside, near the front of the manual and are emailed to customers of the digital-only study manuals. Emailed codes will arrive shortly after confirmation of a digital manual (or bundle) order; please check all junk, spam or bulk folders to be certain the message is not misfiled upon delivery. 

Components of StudyPlus+ can vary by exam and the release of certain components may be delayed, depending upon how new the syllabus or material is and the extent to which tools then need to be updated.


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ASM authors/instructors are well-known as creators of the most comprehensive study manuals available for the SOA and CAS exams. ASM consistently offers students more practice problems with detailed solutions and more sample practice exams with original questions.
We are very confident that using ASM study manuals will help you receive a passing score. In fact, we offer you this guarantee to help ensure your success using ASM study manuals:

  • Original purchase of a 6 Month Digital License – One (1) six-month renewal [NO PRINTING]

  • Original purchase of a 12 Month Digital License - Unlimited, six-month renewals [NO PRINTING]

  • Original purchase of a Printed manual - Unlimited, six-month digital renewal [NO PRINTING]

To renew your non-transferable license, please email this retailer with proof of your original purchase & failing grade from the most recent exam sitting relative to the end of your most recent license (no later than 60-days following the expiration of that license.) Additional 6-month renewals (when applicable) are subject to the same terms. Please note, customers who purchase a printed manual from this retailer are considered to have an initial ‘license period’ of 12 Months from the date their manual is first shipped.

Please note: Exams and syllabi sometimes undergo significant changes. Renewals of materials for discontinued exams may be substituted with material for an exam that offers equivalent credit by the SOA or CAS, ONE TIME ONLY.



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

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