The Actuarial Nexus
Exam Prep for P and FM candidates
Try up to 60 questions for free!
Updated October 2023
What is The Actuarial Nexus?
Hi there, this is Jeff Yang, the founder of The Actuarial Nexus. I first started this website as a hobby project to combine my passion for education and technology. As the platform grew, I realized that it could be a great resource to help students to pass the early exams. I now work full time on The Actuarial Nexus. This includes implementing new features, adding more questions, and eventually expanding into more exams. There is no team behind this website. Everything from the solutions, course, questions, and features were all created or coded by myself over the span of thousands of hours. I mention this because you should know who you are trusting your time and money with. You can learn more about my experience and qualifications here.
As of July 2023, the platform is listed as an official study resource with the Society of Actuaries. Compared to other study platforms, this platform is still VERY NEW. With so many established and reputable exam prep providers out there, I know I have to earn your trust before you decide to commit to The Actuarial Nexus. Below are several benefits that this platform offers so you know exactly what you are signing up for. If you have any questions or concerns, please reach out to me through the contact page. For additional information, please check out the FAQs or dev logs.
Commitment to Excellence
If you have any suggestions on how to improve the platform for future students, please let me know through the contact page. And how cool would it be to say that you contributed to a platform that helped other students pass their exams?
If you are dissatisfied with anything, please let me know. I will do my best to address your concerns. I will also consider partial or full refunds on a case-by-case basis.
Cost Effectiveness
The maintenance costs on this platform are low, and these savings are passed onto you. This does not mean that I am absent from the platform. If you have any questions, feel free to post on the site or contact me directly.
Low operational costs does not mean that the platform is low quality. Feedback from initial users has been very positive, and several students have passed Exam P using this platform.
Comprehensive Suite of Tools
The platform offers a comprehensive suite of tools to help you prepare for the exam. These include: practice problems, mock exams, courses, and more.
Caveats: Currently, the course is only available for Exam P. The target date for the Exam FM course is December 31, 2023. Until then, all 400+ Exam FM practice questions are free. We also do not offer video solutions at this time.
Efficiency
The platform was designed with one goal in mind: to help you pass Exam P and FM. I believe that the most efficient method to prepare for these exams is to grind practice problems and mock exams.
That is why the platform is a practice-questions-first platform. There are numerous tools available to customize problem sets and mock exams. You can filter questions by topic, difficulty, and more. You can also create custom problem sets to focus on your weaknesses. Solutions also directly link to the relevant course chapters so you don't have to manually find the relevant material.
Analytics
There are numerous analytic views to help you track your progress. This saves you time from having to manually track your progress and allows you to focus on studying.
The platform also offers a pass prediction tool based on your relative performance to other users, as well as a leaderboard so you know where you stand.
Gamification and Social Learning
The platform is gamified to make studying more fun and engaging. You can increase your level and monitor your ranking in the leaderboard. You can also check out other users' profiles to see their progress, question by question, and compare your performance.
You can interact with other users on the platform through forums or through the built-in messenger so it doesn't feel like you are studying alone. Badges and achievements will be implemented in the future (estimated 2024).
We currently offer study materials for Exam P - Probability, a professional examination administered by the Society of Actuaries (SOA). It is one of the preliminary actuarial exams required to become a credentialed actuary. The exam also fulfills Exam 1 credit for students credentialing with the Casualty Actuary Society (CAS).
We are a practice-questions-first platform. This means our main focus is on providing the best experience for practice questions and solutions. We follow a freemium model, so you can access up to 60 questions for free before committing to a paid plan.
To supplement practice questions, we also offer a Course manual. The manual is a comprehensive study guide specifically written for Exam P and is fully integrated with the practice questions portion of the platform.
The Actuarial Nexus also offers unlimited access to the Exam FM, Exam SRM, and Exam FAM-S SOA sample questions and solutions. All you need to do is sign in, select the appropriate exam, and begin solving questions. You can also change your exam selection in the settings.
These questions are directly imported from publicly available SOA documents, and organized by topic according to their respective syllabuses. This service comes at very little maintenance cost to us, so we are happy to offer it for free.
Why use The Actuarial Nexus if these questions are publicly available?
The platform can provide quality of life benefits if you are primarily focused on the SOA practice questions. For example, you can keep a history of your question attempts, track your progress by topic, measure your accuracy rate or solve time, create problem sets, or simulate the exam setting through mock exams. All of these tools can help increase your chance of passing.
We currently do not offer any new questions or solutions beyond the SOA practice questions. If you are looking for a full suite of exam preparation material, then we recommend signing up with another platform that offers this service.
Finally, for Exam FM, we also offer a free linked syllabus approach for the ~400 sample questions. As the platform grows, we will continue to expand our question base by adding our own questions and solutions for Exam FM. The target date for a comprehensive Exam FM package including manual and full suite of questions is 9/30/2023 12/31/2023.