Free SOA Exam ASTAM Sample Quiz & Diagnostic Test (2026)

Your diagnostic

What the questions look like

Every question in the free Exam ASTAM bank carries a full worked solution. Here is one from the pool:

Question 1 Medium

Which of the following is a core assumption of Mack's model for loss reserving?

Solution

A is correct.

Mack's model (1993) makes three key assumptions:
1.

E [C_{i, k + 1} ∣ C_{i, 1}, \dots, C_{i, k}] = f_{k} \cdot C_{i, k}

— the expected cumulative losses at the next age depend only on the current cumulative losses through a proportional relationship.
2.

Var (C_{i, k + 1} ∣ C_{i, 1}, \dots, C_{i, k}) = σ_{k}^{2} \cdot C_{i, k}

— variance is proportional to current cumulative losses.
3.

{C_{i, k}}_{k \geq 1}

are independent across accident years

i

Guides & Articles

Frequently Asked Questions

Is the Exam ASTAM diagnostic quiz free?

Yes. The Exam ASTAM diagnostic is a free 12-question sample quiz with instant scoring. You can take it with no signup and no credit card. Creating a free account saves your result and unlocks a personalized weak-topic study plan.

How long is the Exam ASTAM diagnostic quiz?

The diagnostic is 12 questions and takes about 5 to 10 minutes. You get instant feedback on each question, then a readiness score with a topic-by-topic breakdown at the end.

Does the Exam ASTAM diagnostic predict whether I will pass?

It gives you a starting readiness estimate and shows your weakest topics. It is a benchmark to focus your studying, not a pass guarantee. The readiness score sharpens as you practice more of the free Exam ASTAM question bank.

What is the difference between the diagnostic quiz and a full practice test?

The diagnostic is a short 12-question sample quiz that maps your strengths and weaknesses quickly. For full-length practice, FreeFellow has the entire Exam ASTAM question bank free, plus timed mock exams in the Fellow tier.

About FreeFellow

Jeffrey Ting

FSA, CFA · Founder

FreeFellow was built by Jeffrey Ting, a credentialed actuary and CFA charterholder who passed thirteen of the hardest exams in finance on the first attempt, and paid four-figure prep fees for every one. The learning itself was always free. The price was a moat.

So he started writing his own questions, then lessons, then mock exams, until it grew into a full prep platform covering 40 finance credentials with more than 44,000 original practice questions. The name says exactly what it is: the question bank is free, and Fellow is what you become once you pass.

Cost shouldn't decide who gets in.

The exam is a fair gate. A four-figure prep course is not. FreeFellow takes the second gate down, so the exam is the only one left.

Free should mean free.

No trial clock, no email gate, no credit card. The question bank, worked solutions, lessons, and readiness score stay free, and they are enough to pass.

Built by someone who sat where you sit.

He paid for the big-name courses, found nothing he respected, and built the prep he wished had existed. Not a marketing team that has never sat an exam.

Meet the founder ›Read the values ›

Free SOA Exam ASTAM (Advanced Short-Term Actuarial Mathematics) Diagnostic Quiz

What the questions look like

Guides & Articles

Frequently Asked Questions

About FreeFellow

Start your Exam ASTAM prep free.