Nice to Knows: Frequently Asked Questions

We've compiled this FAQ to answer common questions about this exam and serve as a resource for your preparation. If your question isn't answered here, please reach out to our support team. We're here to help you navigate your actuarial journey!

  • While the study duration varies from person to person, it's typical to invest around 300 hours in preparing for this exam (roughly 100 hours per exam hour). Most students spread their study over three months, dedicating the first two months to learning the material and the final month to solving practice problems. You can use our scheduler to help organize your exam preparation.

  • Using the typical 3-part calculus series, the calculus prerequisite spans Calc 1 and a little of Calc 2. Even with a lack of background knowledge, you will be able to learn as you go. A quick review of these (and other prerequisite) topics is included in the appendix in Learn.

  • Yes, the course is current. Note, Learn has a section called "Insurance and Risk Management", but the exam syllabus does not. “Insurance and risk management” is mentioned in the syllabus, just not as a formal topic under Learning Outcomes. We believe the subject deserves its own section for the concepts to be clearly laid out.

  • Exam P (Probability) is one of the first actuarial exams administered by the SOA. It is typically the starting point for aspiring actuaries and focuses on probability theory and its applications in risk assessment.

  • Most students require around 250–300 hours of study time over 2–3 months. This varies depending on your math background and study habits.

  • Exam P focuses on probability concepts including:

    • General Probability
    • Univariate and Multivariate Distributions
    • Conditional Probability
    • Expectation, Variance, and Moment Generating Functions
  • Our course includes:

    • Video Lessons
    • Adapt® Practice Tool
    • Practice Exams
    • Formula Sheets
    • Coach-Supported Discussion Forums
  • We combine proven teaching methods, adaptive technology, and expert instruction to provide a structured and efficient study experience.

  • Yes. While a strong math foundation is helpful, our course builds the skills needed to succeed, even for students without formal math backgrounds.

  • We recommend completing at least 5 full-length practice exams under timed conditions to simulate the real test experience.

  • The SOA's pass rate for Exam P typically ranges from 40% to 50%. Consistent, focused studying significantly improves your chances.

  • Yes. Our platform is designed for both self-starters and those who need structure. The flexible study plan adapts to your schedule and progress.

  • Yes. Coaching Actuaries is fully accessible on desktops, tablets, and smartphones, so you can study on the go.

  • We regularly update our materials to align with the SOA syllabus changes and ensure all content is accurate and relevant.