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2026 Statistics

Key Facts: SOA ASTAM Exam

6

Written Questions

SOA 2026 syllabus

60 pts

Total Exam Points

SOA

3 hrs

Time Limit

SOA

6-10

Passing Grades

SOA 0-10 scale

$490

Standard Fee

SOA fee table

200

Practice Questions Here

OpenExamPrep

ASTAM uses 6 written-answer questions worth 60 points in a 3-hour Prometric administration. The Spring 2026 syllabus keeps 6 weighted domains, led by Reserving and Pricing for Short-Term Insurance Coverages (15-29%) and Construction and Selection of Parametric Models (14-24%). SOA reports grades on a 0-10 scale, with 6 or higher passing. The April 2026 sitting runs April 22-28, 2026, and SOA's ASTAM updates page notes January 14, 2026 formula sheet and notation-note refreshes rather than a blueprint overhaul.

About the SOA ASTAM Exam

SOA Exam ASTAM is the ASA-pathway written-answer exam focused on advanced short-term actuarial mathematics. It emphasizes aggregate loss models, severity modeling, coverage modifications, parametric model selection, credibility, and reserving or pricing techniques for short-term insurance.

Assessment

6 written-answer questions worth 60 points total, with 1 question completed in Excel

Time Limit

3 hours

Passing Score

Grade of 6 or higher on SOA's 0-10 scale

Exam Fee

$490 standard fee (Society of Actuaries (SOA))

SOA ASTAM Exam Content Outline

8-18%

Severity Models

Parameter effects, transformations, tail behavior, mean excess and hazard functions, and the generalized extreme value and generalized Pareto families.

12-22%

Aggregate Loss Models

Convolution, compound distributions, Panjer recursion, discretization by rounding, and local moment matching for aggregate loss approximations.

8-18%

Coverage Modifications

Deductibles, policy limits, maximum covered loss, coinsurance, stop-loss reinsurance, loss elimination ratios, increased limits factors, deductible factors, and inflation effects.

14-24%

Construction and Selection of Parametric Models

Maximum likelihood estimation, estimator variance, confidence intervals, delta method, Bayesian estimation, model diagnostics, likelihood-ratio testing, and information criteria.

12-20%

Credibility

Bayesian greatest-accuracy credibility, Buhlmann and Buhlmann-Straub models, plus nonparametric and semiparametric empirical Bayes techniques.

15-29%

Reserving and Pricing for Short-Term Insurance Coverages

Expected loss ratio, chain-ladder, Bornhuetter-Ferguson, Bayesian and frequency-severity reserving, Mack and ODP frameworks, trend, loss-cost and loss-ratio ratemaking, and classification differential changes with balancing back.

How to Pass the SOA ASTAM Exam

What You Need to Know

  • Passing score: Grade of 6 or higher on SOA's 0-10 scale
  • Assessment: 6 written-answer questions worth 60 points total, with 1 question completed in Excel
  • Time limit: 3 hours
  • Exam fee: $490 standard fee

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

SOA ASTAM Study Tips from Top Performers

1Spend the most time on reserving and pricing, then parametric model construction or selection, because those two domains dominate the current ASTAM weight range.
2Practice writing compact solution paths, not just computing final numbers. ASTAM is a written-answer exam, so graders need to see setup, assumptions, and the key formula choice.
3Memorize how deductible, limit, coinsurance, and reinsurance modifications convert a ground-up severity into insurer payment. Those transformations recur across both coverage and pricing questions.
4Build one working sheet that links Panjer recursion, credibility weights, chain-ladder factors, Bornhuetter-Ferguson logic, and rate-indication formulas so you can switch domains without re-deriving basics under time pressure.
5Use timed mixed sets with spreadsheet work because SOA specifically includes one Excel response on ASTAM.

Frequently Asked Questions

How many questions are on SOA ASTAM?

ASTAM has 6 written-answer questions worth 60 points total. SOA's current syllabus also notes that 1 of the 6 questions is completed in Excel while the remaining responses are entered in answer booklets.

How long is the SOA ASTAM exam?

You get 3 hours for ASTAM. The Spring 2026 SOA exam schedule lists the April 2026 ASTAM administration from April 22, 2026 through April 28, 2026, with registration closing on March 16, 2026.

What is the passing score for ASTAM?

SOA reports ASTAM on its 0-10 grading scale, and grades of 6 through 10 are passing. SOA does not publish a fixed raw percentage because the pass mark is set separately for each sitting.

What topics matter most on ASTAM?

The heaviest domain is Reserving and Pricing for Short-Term Insurance Coverages at 15-29% of the exam. Construction and Selection of Parametric Models (14-24%), Aggregate Loss Models (12-22%), and Credibility (12-20%) also carry major weight, so most candidates should spend the largest blocks of study time there.

What changed for ASTAM in 2026?

SOA's ASTAM updates page dated January 14, 2026 highlights refreshed formula-sheet and notation-note files. I did not find an announced Spring 2026 domain-weight or exam-structure overhaul beyond those official support-material updates.

How much does SOA ASTAM cost?

The current standard ASTAM fee is $490. SOA's fee table also lists a discounted $390 student fee for eligible full-time students.

Is ASTAM multiple choice?

No. ASTAM is a written-answer exam rather than a multiple-choice preliminary exam, which is why practice work should include setup, formula selection, and short written justification rather than answer recognition alone.