Conquer the SOA CP 351 FSA Exam in Under 90 Minutes: Asset Liability Management – Society of Actuaries Course on Balance Sheet Risk Control

De: Philip Martin McCaulay

Narrado por: Virtual Voice

Conquer the SOA CP 351 FSA Exam in Under 90 Minutes: Asset Liability Management – Society of Actuaries Course on Balance Sheet Risk Control delivers a focused, streamlined review of one of the most technical areas in actuarial practice. Designed for clarity and efficiency, this concise study guide transforms complex ALM theory into practical understanding for candidates preparing for the SOA’s FSA-level CP 351 course.

Readers explore the foundations of asset liability management, beginning with principles, objectives, and governance, before advancing to the tools and strategies that preserve balance sheet stability. Key topics include interest rate risk, duration and convexity, liquidity management, and model risk governance. Each concept is explained in straightforward, audiobook-friendly language that connects quantitative rigor with strategic insight.

This guide also examines dynamic hedging, liability-driven investing, and integration of ALM into enterprise risk management (ERM) frameworks—critical areas for actuaries managing volatility and long-duration liabilities.

By the final chapter, candidates will have a cohesive understanding of how insurers, pension funds, and financial institutions align assets with obligations through disciplined modeling and governance. This concise, exam-focused resource provides the clarity, structure, and confidence needed to master CP 351 material efficiently—and to approach the exam with professionalism, precision, and purpose.