Acturial Study Materials

ASM Study Manual for Exam C/Exam 4, 18th Edition - Second Printing incl StudyPlus+ (Online Study Tools) NEW PRINTING

By: Weishaus

Edition:18th Edition - Second Printing


NEW Manual now includes StudyPlusdigital access to:

  • Virtual eFlashcards

  • Digital formula sheet

  • Actuarial exam and career strategy guides

  • Technical skill eLearning tools

  • Samples of Supplemental Texts & Study Tools

  • And more!

StudyPlus+ access codes are provided within printed study manuals on a fluorescent yellow or green page inside, near the front of the manual and are emailed to customers of the digital-only study manuals. Emailed codes will arrive shortly after confirmation of a digital manual (or bundle) order; please check all junk, spam or bulk folders to be certain the message is not misfiled upon delivery. 


DIGITAL MANUAL: PDF manual is DRM protected. Please be sure you can install Adobe Digital Editions FREE software or a compatible application, like BlueFire Reader, and authorize the software to your computer/device using an Adobe ID of your choosing, prior to purchasing this material. DRM Restrictions include: 12-month license, 30% Printing (on primary device), NO Copying. NO RETURNS OR REFUNDS/EXCHANGES

Printed manual is three-hole punched and notebook-ready for convenient transporting. 

This manual offers comprehensive coverage of the syllabus for SOA Exam C and CAS Exam 4. In its 64 lessons, the following topics are reviewed:

  • Parametric distributions

  • Risk measures

  • Coverage modifications, including deductibles, claims limits, coinsurance, and inflation

  • Discrete distributions

  • Compound models

  • Aggregate deductibles

  • Empirical estimators, including ogives, product-limit and Nelson-Aalen

  • Kernel smoothing

  • Mortality table construction

  • Parametric estimation, including method of moments, percentile matching, and maximum likelihood

  • Hypothesis testing

  • Limited fluctuation credibility

  • Bayesian credibility

  • Buhlmann credibility

  • Empirical Bayes methods

  • Simulation

  • Bootstrap approximation

The manual has about 1500 pages, about 250 examples, 72 in-lesson exercises, and about 1400 end-of-lesson exercises, including both original and old exam questions, many of them taken from pre-2000 exams, which are not easily available, all with worked out solutions. In addition to these exercises, there are 13 full-length (35-question) practice exams. An appendix has a cross reference to help you track down lessons corresponding to published 2000 and later exam questions, and there is an index. Many students have found this manual adequate by itself for exam preparation, but the Klugman textbook and the study notes required for the exam are referenced in each lesson if you wish to use them.

New for Fall 2017: All known errata have been corrected



Abraham Weishaus

Formerly financial reporting actuary for Guardian Life Insurance Company. Served on the SOA’s Education and Examination Committee for 11 years. Taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years and for CAMAR for 6 years. Currently is a professor at Columbia University and teaches exam preparation courses at St. Johns University.

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Actuarial Study Materials

ASM has been helping students prepare for actuarial exams since 1983. We offer study materials for Exams P/1, FM/2, MLC, MFE/3F, C/4, S and EA-1, EA-2F and EA-2L, written by an outstanding team of authors. ASM Products are sold at ACTEX Learning | Mad River Books and The Actuarial Bookstore.