This manual can be used for all 2018 exams
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Exam P/1 is, for most candidates, their first experience with professional actuarial examinations. Many candidates find this experience to be a great challenge, nearly overwhelming. This study manual is written for serious candidates, who want to be so prepared as to feel "underwhelmed" by the exam. A student who is really prepared by the day of the exam should be able to say: "Been There Done That" when looking at the problems. The author of this manual calls this "The BTDT Rule". This manual is written for a student who wants to be prepared like that, a student who does not want to count on luck on exam day. It covers every topic that can possibly show up on the exam, taking even the most difficult topics head-on and providing thoughtful explanations and examples for them. It also contains twenty practice examinations, with complete solutions. The first five examinations are somewhat easier, most likely on a par with the real exams. The last fifteen are intentionally harder, designed to make the real exam look relatively easy. Of course, these difficult examinations also have complete detailed solutions. Understanding those solutions is an important part of the educational process.
Dr. Krzysztof M. Ostaszewski, PhD, FSA, FSAS, CFA, CERA, MAAA, is the Actuarial Program Director at Illinois State University, a Center of Actuarial Excellence, and winner of the Casualty Actuarial Society University Award. Dr. Ostaszewski was also the Director for Life and Pensions Research at the Geneva Association, International Association for the Study of Risk and Insurance Economics, in the period 2011-2013. He has taught actuarial science at Illinois State University, New England Actuarial Seminars, University of Louisville, University of Ulm, Washington University in St. Louis, EM Lyon in France, and Technical University of Lodz in Poland. He has also taught Summer Actuarial School in Poland, and Actex Professional Development Seminars. Dr. Ostaszewski has published four research monographs in actuarial mathematics, two in mathematics, was a Fulbright Research Fellow and a Fulbright Senior Specialist, and has published widely, including journals such as Journal of Risk and Insurance, Proceedings of the American Mathematical Society, American Economic Review, North American Actuarial Journal, and many others. For his research work, he was the recipient of the prestigious Mehr Award of the American Risk and Insurance Association in 2005, and the Hardigree Award of the Western Risk and Insurance Association in 2003.
Questions? Email the author at email@example.com
All Errata for Dr. Ostaszewski’s work can be found at: