View Full Version : Study Materials - prep for Exam 1/P and/or for further exams

March 12th 2005, 12:54 PM
What book(s) from the soa.org reading list have you found most useful for prep for Exam 1/P and/or for further exams?

I would really prefer not to buy all of them - I can't even find most of them in the UK. Any suggestions would be appreciated!

Also -- have any of you used both BPP and Actex study materials? I'm leaning toward Actex, can anyone convince me otherwise?

March 18th 2005, 01:45 AM
I would certainly encourage you to consider the ASM manual.

March 18th 2005, 06:09 PM
So far - it's going well. Bear in mind that I've had a calculus course, and a probability/stats course - but never calculus based probability.

Is there a specific textbook you would suggest to use Dr. Ostaszewski?


March 18th 2005, 09:03 PM
I have made every effort for the ASM manual for exam P to be completely self-contained, so that you do not need any additional book. If you absolutely must have a textbook, my favorite probability and statistics book is by DeGroot. Also, the book by Michael Bean listed as a possible reference by the SOA is good. Both books definitely go much further than you need to for exam P. But then again, I have always been in favor of overstudying, so that to never repeat an exam.

I have found four typos in the ASM Manual for exam P, and have posted corrections for them at this web site (in a PDF file):

Krzys' Ostaszewski

March 18th 2005, 09:44 PM
Yeah - so far for me it's been entirely self contained - I was just curious in case I need some further help on the subjects I've yet to be exposed to.

March 22nd 2005, 06:28 AM
Where can I get ASM manual?Can I download it for free or do I need to buy it?Any help will be greatly appreciated.

March 22nd 2005, 04:10 PM
Where can I get ASM manual?Can I download it for free or do I need to buy it?Any help will be greatly appreciated.


You'll have to buy it. Haven't seen the price yet, though. Ask Dr. Ostaszewski if you have any questions about it.

March 23rd 2005, 08:11 PM

March 25th 2005, 09:45 PM
The practice exam No. 5 from the ASM manual is available as a free download at:
The manual costs $84. If you take my intensive review for exam P at Illinois State University:
you will get a complimentary manual, but the review costs $250.
The review will include a new practice exam given in real exam-like setting.


March 27th 2008, 01:08 PM
Everyone keeps referring to Actex and ASM... are they both the same? or are they different books? or what?

March 27th 2008, 01:48 PM
Different books by different authors

March 29th 2008, 06:42 AM

Is this the Actex book used?

March 29th 2008, 04:31 PM
Actex and Asm are two different companies that produce study manuals for different actuary tests. And for textbooks, i much prefer Sheldon Ross's A first couse in Probability over DeGroot's Probability and statistics. Unless you plan on going much more in depth than what the p/1 test requires(you would only need about a third of DeGroot's book), i would get Ross's. I found it much clearer.