Free Exam STAM (Short-Term Actuarial Mathematics) Exam Questions and Answers
Exam STAM (Short-Term Actuarial Mathematics) is part of the Society of Actuaries credentialing pathway. SOA exams are steps on a single sequenced pathway to Associate and then Fellow, using mnemonic codes rather than numbers — P for probability, FM for financial mathematics, FAM, SRM, PA and the advanced ALTAM and ASTAM papers. Results are reported on a 0 to 10 scale where 6 and above passes, and the pass mark is fixed before the exam is sat rather than curved.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 12, 2026
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Question #1
A life insurance company intends to offer a new term policy with a duration of 10 years. What is the main factor affecting the premium rates?
Please select an optionIncorrectCorrect answer: B
The main factor affecting premium rates for term policies is underwriting criteria, which includes the risk assessment of the insured.
Was this answer correct?Question #2
If a company expects the mortality rates to decrease over the next 20 years, how might it adjust its reserve levels?
Please select an optionIncorrectCorrect answer: A
Lower mortality rates could decrease expected claims, allowing the company to reduce its reserves.
Was this answer correct?Question #3
A health insurer is analyzing its claims data for the last five years. What would be the best approach to assess future claims?
Please select an optionIncorrectCorrect answer: B
Predictive modeling is the most robust technique, as it can incorporate numerous variables affecting future claims.
Was this answer correct?Question #4
An actuary is tasked with estimating the loss reserves for a newly underwritten policy. What is the most effective method?
Please select an optionIncorrectCorrect answer: D
The expected claims method is typically best for estimating loss reserves by considering future claims.
Was this answer correct?Question #5
A car insurance company is looking at its customers' claims data and notices a trend of increasing claims for accidents. What could they consider changing?
Please select an optionIncorrectCorrect answer: A
They may need to enhance underwriting guidelines to mitigate the impact of increasing claims.
Was this answer correct?Question #6
An actuary determines that the expected claims for a specific product line are significantly higher than initially anticipated. What should be their first action?
Please select an optionIncorrectCorrect answer: A
Conducting a thorough review of claims data and assumptions is essential before making any adjustments.
Was this answer correct?Question #7
If a company develops a new insurance product with relatively high risk, how should it structure its reinsurance?
Please select an optionIncorrectCorrect answer: C
Excess of loss reinsurance is appropriate for high-risk products to protect against large losses.
Was this answer correct?Question #8
An insurance company uses a credibility formula to adjust its premium rates. What does increased credibility indicate?
Please select an optionIncorrectCorrect answer: B
Increased credibility indicates that the company relies more on its own experience for predictions, leading to more accurate predictions.
Was this answer correct?Question #9
A property insurer's claims experience has shown a trend of increasing claims due to natural disasters. What is the best reactive approach?
Please select an optionIncorrectCorrect answer: B
Adjusting premium rates is essential to account for the increased risk associated with the rising trend of claims.
Was this answer correct?Question #10
A group of actuaries is comparing different models for predicting future claims. Which aspect is critical in model selection?
Please select an optionIncorrectCorrect answer: A
The historical accuracy of the model is critical when evaluating its effectiveness in predicting future claims.
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FAQ
Learn More: https://www.soa.org/programs/soa-certificates/
- Q1: What is the Exam STAM (Short-Term Actuarial Mathematics) exam?
- A: Exam STAM (Short-Term Actuarial Mathematics) is a SOA certification exam. Judging by the questions in our bank, it concentrates on actuary, insurer, claims, insurance and actuaries.
- Q2: What topics does the Exam STAM (Short-Term Actuarial Mathematics) exam cover?
- A: Questions in our Exam STAM (Short-Term Actuarial Mathematics) bank cluster around actuary, insurer, claims, insurance, actuaries, claim, insurers and premium. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for Exam STAM (Short-Term Actuarial Mathematics)?
- A: Work through the Exam STAM (Short-Term Actuarial Mathematics) practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real Exam STAM (Short-Term Actuarial Mathematics) exam questions?
- A: They are drawn from officially released past questions and from community members who have sat Exam STAM (Short-Term Actuarial Mathematics). Answers are verified and updated weekly.
- Q5: Where do I register for the Exam STAM (Short-Term Actuarial Mathematics) exam?
- A: Register through SOA directly at https://www.soa.org/programs/soa-certificates/. Exampractice is not affiliated with SOA and does not administer the exam.
- Q6: Is there a free Exam STAM (Short-Term Actuarial Mathematics) sample?
- A: Yes. Every Exam STAM (Short-Term Actuarial Mathematics) page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are SOA Certification Exams?
- A: SOA (Society of Actuaries) Certification Exams validate your expertise in actuarial science and risk management. These certifications demonstrate your proficiency in mathematical, statistical, and financial concepts essential for analyzing and managing risk in insurance, finance, and other industries.
- Q8: Why should I pursue SOA Certification?
- A: SOA Certification enhances your professional credibility, showcasing your skills and knowledge in actuarial science. This can lead to better job opportunities, higher salaries, and career advancement in actuarial, financial, and risk management roles.
- Q9: What are the benefits of SOA Certification?
- A: Benefits include recognition as a certified actuary, improved job performance, access to exclusive resources, continuing education opportunities, and staying current with the latest actuarial practices and industry standards.
- Q10: Who should take SOA Certification Exams?
- A: Aspiring actuaries, financial analysts, risk managers, and anyone involved in analyzing and managing financial risk should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of SOA Certification Exams are available?
- A: SOA offers various certification paths, including:
- Q12: How do I prepare for SOA Certification Exams?
- A: Preparation can include official SOA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in actuarial work.
- Q13: Where can I take SOA Certification Exams?
- A: SOA Certification Exams can be taken at authorized testing centers worldwide, providing flexibility to fit your schedule and location.
- Q14: How do SOA Certifications impact my career?
- A: SOA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in actuarial science, finance, and risk management.
- Q15: Are there any prerequisites for SOA Certification Exams?
- A: Some exams may have prerequisites, such as foundational knowledge in mathematics, statistics, and finance. Check the specific requirements for each certification path on the SOA website.
- Q16: How often do I need to recertify for SOA Certifications?
- A: SOA Certifications do not require mandatory recertification. However, staying updated with the latest actuarial practices and continuing professional development is recommended to maintain your skills and relevance in the industry.