SOA P/CAS 1 Exam Prep Program

The SOA (Society of Actuaries) Exam P/ CAS (Casualty Actuarial Society) Exam 1 Prep Course is now available through UCF Test Prep.  This review course is 16 contact hours in length and is designed to cover all pertinent material for the SOA Exam P/CAS Exam 1.  The ACTEX Exam P Study Manual is required for this course. Participants can order ACTEX Exam P Study Manual from the ACTEX website directly (see below).  Course content to be covered: general review of exam material is planned for the first day of seminar; the review of exam problems is planned for the second day of seminar.

Learner Objectives:
General Probability

1. Set functions including set notation and basic elements of probability

2. Exam-P National Exam Dates: March 23-April 4, 2010 May 26-June 6, 2010 July 27-Aug 7, 2010 Sept 21-Oct 2, 2010

   Mutually exclusive events
3. Addition and multiplication rules
4. Independence of events
5. Combinational probability
6. Conditional probability – Non Bayes Theorem
7. Bayes Theorem / Law of total probability

Univariate probability distribution

1. Probability functions and probability density function
2. Cumulative distribution functions
3. Mode, median, percentile, and moments
4. Variance and measures of dispersion
5. Moment generating functions
6. Transformations

Multivariate probability distributions

1. Joint probability functions and joint probability density functions
2. Joint cumulative distribution functions
3. Central limit theorem
4. Conditional and marginal probability functions
5. Moments for joint, conditional, and marginal probability distributions
6. Joint moment generating functions
7. Variance and measures of dispersion for conditional and marginal probability distributions
8. Covariance and correlation coefficients
9. Transformations and order statistics
10. Probabilities and moments for linear combinations of independent random variables

About the Instructor:

Wu-Chyuan (Gary) Gau, Ph.D., ASA, is an assistant professor of the Department of Statistics and Actuarial Science at the University of Central Florida, where he teaches graduate and undergraduate courses in actuarial models, loss models, credibility theory, and related areas. Dr. Gau received his Ph.D. in Mathematics from Boston University in 2003, and became an Associate of the Society of Actuaries in December 2007. Professor Gau has published several papers on Credibility Theory and Loss Reserving.

Textbook Information:

ACTEX Study Manual for the SOA Exam P and CAS Exam 1, 2009 Edition ISBN: 978-1-56698-678-6 Author: Samuel A. Broverman, Ph. D., ASA Website: http://www.actexmadriver.com/productdetails.cfm?PC=1135