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Actuarial Exam STAM (Short-Term Actuarial Mathematics) is a required exam for all students studying to become certified actuaries. The exam provides students with an introduction to modeling and covers important actuarial methods that are useful in modeling. You are expected to have studied the material covered by VEE Mathematical Statistics, Calculus, and Actuarial Exam P before taking this test. If you feel that you may need help to prepare for this exam, Varsity Tutors can help you find a professional Actuarial Exam STAM tutor to improve the efficiency of time spent studying.
The Actuarial Exam STAM is a computer-based exam consisting of 35 multiple-choice questions administered over three and a half hours. Sections include Severity Models (2.5-7.5%), Frequency Models (2.5-7.5%), Aggregate Models (2.5-7.5%), Coverage Modifications (2.5-7.5%), Risk Measures (2.5-7.5%), Construction and Selection of Parametric Models (20-30%), Credibility (20-25%), Insurance and Reinsurance Coverages (5-10%), and Pricing and Reserving for Short-Term Insurance Coverages (15-25%).