Policy reserves under different regulatory frameworks, deferred acquisition costs, and risk management strategies.
These are the key learning objectives for Reserves and Risk Management on SOA Exam ALTAM. Paraphrased from the public SOA syllabus — we recommend also checking the current syllabus on soa.org before your exam sitting.
Calculate policy reserves under GAAP, statutory, and principle-based frameworks
Account for deferred acquisition costs in reserve calculations
Evaluate risk management strategies for long-duration products
Upload your ACTEX Exam ALTAM digital edition, scanned ASM pages, TIA handouts, or your own notes. exclam.ai extracts the Reserves and Risk Management sections and generates flashcards automatically.
Generate multiple-choice quizzes specifically on Reserves and Risk Management. Weak questions get re-surfaced until you get them right consistently.
Because Reserves and Risk Management is 15–25% of your exam, losing it during review costs you. FSRS brings it back at the optimal moment.
SOA Exam ALTAM has 5 topic areas. Reserves and Risk Management is weighted at approximately 15–25% of the exam — here is where it sits relative to the other topics.
| Topic area | Weight |
|---|---|
| Advanced Mortality Models | 15–25% |
| Advanced Life Insurance and Annuity Pricing | 20–30% |
| → Reserves and Risk Management | 15–25% |
| Pensions and Retirement Benefits | 15–20% |
| Health Insurance | 15–20% |
Multi-state mortality models, fractional age assumptions, and select and ultimate tables for advanced applications.
Gross premium pricing, profit testing, embedded value calculations, and universal life product pricing.
Pension plan valuation, funding methods, and accounting for post-employment benefits.
Pricing, reserving, and risk management for long-term health insurance and long-term care products.
Upload your ACTEX Exam ALTAM digital edition, scanned ASM pages, TIA handouts, or your own notes. exclam.ai generates a fully guided study plan with adaptive flashcards and quizzes for this topic.