Welcome to the Diversity Exam Reimbursement Program, offered jointly by the Society of Actuaries and the Casualty Actuarial Society. Our program aims to attract, encourage, and provide support for aspiring actuaries from underrepresented communities, ensuring equal opportunities and fostering a sense of belonging.

Just like for Exam P, the exam fee for Exam FM is $250 USD for the computer based exam. Again, these costs are unavoidable and you'll have to pay the fee each time you attempt the exam. Again, costs for study materials are quite variable depending on which option you decide on.

Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries' work is essential to the insurance industry.