The Probability Exam is a three–hour multiple–choice examination. It is called Exam P by the Society of Actuaries and Exam 1 by the Casualty Actuarial Society. The Probability Exam is offered via computer–based testing (CBT).
The syllabus for the Probability Exam develops the candidate’s knowledge of the fundamental probability tools for quantitatively assessing risk. The application of these tools to problems encountered in actuarial science is emphasized. A thorough command of the supporting calculus is assumed. Additionally, a very basic knowledge of insurance and risk management is assumed.
Syllabus and Study Materials
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