Retired exam
Society of Actuaries retired EXAM-STAM. ASTAM is the named replacement path.
Explore the broader replacement path ASTAM: Advanced Short-Term Actuarial Mathematics (ASTAM) ExamExam STAM (Short-Term Actuarial Mathematics) was a professional certification administered by the Society of Actuaries. This exam is now retired. The Society of Actuaries has established the Advanced Short-Term Actuarial Mathematics (ASTAM) Exam as the official successor. The curriculum for the retired exam focused on mathematical and statistical methods for short-term insurance coverages, including severity, frequency, and aggregate loss models.
This exam was intended for actuarial students and professionals seeking to demonstrate proficiency in short-term insurance mathematics. Candidates must now register for the ASTAM exam to continue their professional certification journey.
Candidates should focus on the curriculum for the ASTAM exam, which serves as the replacement. Reviewing official study notes and sample questions provided by the Society of Actuaries is necessary to master the required mathematical techniques. Practice applying loss distribution fitting and credibility theory to solve problems effectively.
This domain covers the mathematical modeling of the size of individual losses. It involves selecting and fitting distributions to represent the severity of claims in short-term insurance scenarios.
This domain focuses on modeling the exact number of insurance claims occurring within a specific period. It involves applying frequency distributions to predict claim counts for various insurance portfolios accurately.
This domain addresses the combination of frequency and severity models to determine the total loss for an insurance portfolio. It involves calculating the distribution of aggregate losses under standard actuarial frameworks.
This domain examines how insurance policy features like deductibles, limits, and coinsurance modify the loss distribution. It involves adjusting ground-up loss models to accurately reflect actual insurance payments and policy terms.
This domain covers the thorough quantification of risk using various statistical measures. It involves evaluating the potential for financial loss and the uncertainty associated with different insurance claim distributions and random variables.
This domain deals with technical methods for estimating values between discrete data points and smoothing empirical distributions. It provides vital mathematical tools for refining data representations in professional actuarial modeling and analysis.
This domain is the largest, accounting for 22.5% of the exam weight. It covers the use of historical data to adjust future premium estimates through credibility theory.
This domain involves utilizing advanced computer-based simulation methods to estimate the outcomes of complex insurance models where standard analytical solutions are difficult or impossible to obtain directly for practical actuarial work.
This domain covers the practical application of core insurance principles to various reinsurance arrangements. It involves modeling the complex transfer of risk between an insurance company and a designated reinsurance provider.
The retired Exam STAM consisted of 35 questions in total. These questions were presented in a linear format and included both multiple choice and written answer types to test the candidate's knowledge of short-term actuarial models.
The price for the retired Exam STAM was 325.00 USD. This fee was paid to the Society of Actuaries for the administration of the examination.
The duration of the retired Exam STAM was exactly 210 minutes long, giving candidates this specific timeframe to successfully complete all questions administered during the testing session.
No, a renewal is not required for this certification. The exam is retired, and the Society of Actuaries does not require ongoing renewal for this specific credential.
Verified 2026-08-30
This page was built by aggregating verified facts from the Society of Actuaries and official exam documentation. All information regarding the retirement of the exam and the successor path was cross-referenced to ensure accuracy.