ActuaryPathExam paths, actuarial math, and checked guides

ActuaryPath

Map the exams. Understand the math. Choose the right actuarial path.

A guide checked against official exam sources, built around the probability, finance, statistics, and insurance models candidates actually use.

Start with P and FMCompare SOA and CAS
From probability to risk, lifetime, and time-to-eventProbability and distribut…Exam P foundationStochastic processes and …added 2026-06-03Life contingencies and su…added 2026-06-03Survival analysis: KM, NA…added 2026-06-03Ruin theory and reservingASTAM, CASLife pricing and valuationALTAM, FAMStatistical modelsMAS-I, SRMAmber nodes link to TheoremPath (martingale theory, MLE, measure-theoretic probability) in their references.
Concept map for the three pages added 2026-06-03. Each sits on the shared probability foundation and carries forward into a specific SOA or CAS exam cluster.

Common foundation

Start with the common foundation

P builds probability judgment. FM builds time-value fluency. Together they keep SOA and CAS options open while the actual work starts to clarify.

Exam PProbability, distributions, conditioning, and risk.Exam FMCash flows, annuities, loans, bonds, and duration.

The fork

Choose the fork: SOA or CAS

The credential path should follow the work you want, not old forum momentum.

SOA

Life, health, retirement, benefits, and broader actuarial analytics.

Follow the ASA path when long-duration insurance, benefits, or enterprise risk is the center of gravity.

CAS

Property-casualty pricing, reserving, reinsurance, and catastrophe work.

Follow the CAS path when loss triangles, rate indications, and P&C practice are the signal.

Concept atlas

Build the concept graph

The exam pages are only the skeleton. The durable advantage is seeing how probability, statistics, credibility, reserving, and insurance models connect.