Acturial Study Materials

ASM Study Manual for STAM - Short-Term Actuarial Mathematics

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The 2nd edition of the manual has over 1300 pages. Each section includes end-of-lesson exercises, many of which are original. In addition to these exercises, there are twelve practice exams, all having 35 multiple-choice questions all with complete solutions. Many students have found ASM manuals adequate by themselves for exam preparation, but the textbooks for the exams are referenced in each lesson if you wish to use it.

ASM’s Exam STAM manual offers comprehensive coverage of the syllabus for SOA Exam STAM. In its 55 lessons, the following topics (and more) are reviewed:

  • Basic Probability

  • Discrete Distributions

  • Parametric Distributions

  • Frequency – Exposure & Coverage Modifications

  • Variance

  • Aggregate Loss Models

  • Mixtures and Splices

  • Parametric Models

  • Property/Casualty Insurance Coverage

  • Maximum Likelihood Estimators

  • Health Insurance

  • Hypothesis Tests

  • Loss Reserving

  • Credibility

  • Ratemaking

  • Bayesian Methods

  • Deductibles

  • Buhlmann Credibility

  • Increased Limits Factor and Indicated Deductible Relativities

  • Empirical Bayes Non-Parametric and Semi-Parametric Methods

  • Risk Measures and Tail Weight


Now with videos! Unique to this particular manual, these videos provide a detailed solution to 384 specific exercises out of the almost 1250 contained within (approximately 30% coverage). Access to these videos is free with the purchase of a manual for the duration of the license. 



Printed manual is printed on the back and front of each page and bound with plastic, coil binding


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Abraham Weishaus Ph.D., FSA, CFA, MAAA
Abraham was formerly a financial reporting actuary for Guardian Life Insurance Company. He served on the SOA's Education and Examination Committee for 11 years. He also taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years and for CAMAR for 6 years. Abe is currently a professor at Columbia University and teaches exam preparation courses at St. Johns University. He has been an ASM author for over 16 years and publishes material for exams P, MFE, MLC and C.

Resale, sharing or any other violation of copyright is not allowed. Copyright infringement is a violation of the CAS & SOA Code of Professional Conduct and can result in discipline procedures. 

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.