In light of the growing interest in actuarial sciences worldwide, and the significant increase in demand for it, the Society of Actuaries SOA is eager to prepare and welcome the next generation of actuaries, through a series of professional exams specialized in the actuarial field. This training program is designed to qualify participants and provide them with the knowledge and skills necessary to pass Financial Mathematics Exam, by covering the basic concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in reserving, pricing, asset and liability management.
At the end of the training program, the participant should be able to:
1 Interest Rate Definitions
2 Force of Interest
3 All-in-one Relationship Formula
4 Two Exceptions
5 Time Value of Money
1 Level Annuities
2 Non-level Annuities: Geometric
3 Non-level Annuities: Arithmetic
4 More general annuities and annuity tricks
5 Yield Rates and Reinvestment Questions
1 Loan Amortization
2 More General Loan Payment
1 Bond Basics and Pricing
2 Premium and Discount
3 Bond Amortization
4 Callable Bonds
1 Spot and Forward Rates
2 Duration
3 Convexity
4 Redington and Full Immunization
5 Exact Matching
1 Simulation Exam: FM Exam
Not Available
Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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