Actua is a free AI-powered actuarial calculator and exam prep tool. It uses Python + SymPy to execute calculations deterministically, ensuring every result is verified and reproducible. It covers SOA exams (P, FM, FAM, LTAM, STAM, SRM, PA), IFoA exams (CM1, CM2, CS1, CS2), IFRS 17, Solvency II, loss reserving, life insurance, pensions, and risk management.

Is Actua free to use?

Yes. Actua offers 5 free queries per day with no sign-up required, covering all 13 actuarial topic areas with KaTeX math rendering. The Pro plan ($29/month) unlocks unlimited queries, step-by-step LaTeX derivations, Python execution engine, Excel upload and export, handwriting OCR exam grading, and persistent cloud history.

Which actuarial exams does Actua cover?

Actua covers all major actuarial exam syllabi: SOA Exam P (Probability), FM (Financial Mathematics), FAM (Fundamentals of Actuarial Mathematics), LTAM (Long-Term Actuarial Mathematics), STAM (Short-Term Actuarial Mathematics), SRM (Statistics for Risk Modeling), and PA (Predictive Analytics). It also covers IFoA exams CM1, CM2, CS1, and CS2.

How does Actua verify its calculations?

Actua uses a neurosymbolic approach: the AI interprets your question and generates a Python script using SymPy or NumPy. This script is executed server-side to produce the result. The AI never performs arithmetic — only the deterministic computation engine does. Every answer includes the full audit trail: LaTeX derivation, Python code, and assumptions.

Can I upload Excel files to Actua?

Yes. Pro users can upload loss triangles, mortality tables, premium data, and any actuarial spreadsheet (.xlsx, .xls, .csv). Actua automatically detects the data type (loss triangle, mortality table, IFRS 17 data, etc.) and suggests relevant analyses. You can also export calculation results as audit-ready Excel workbooks with live formulas.

Does Actua support handwriting recognition for exam solutions?

Yes. Pro users can photograph handwritten actuarial exam solutions. Actua uses computer vision (Gemini Vision API) to extract the work into LaTeX, grade it line by line, identify errors with corrections, and provide a score out of 10. It supports SOA, CAS, and IFoA exam formats.

IFRS 17 Tools

IFRS 17 Calculator

Calculate insurance contract liabilities under IFRS 17 with full audit trails. Covers the General Measurement Model (GMM/BBA), Premium Allocation Approach (PAA), Contractual Service Margin (CSM) roll-forwards, and risk adjustment calculations.

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What You Can Calculate

CSM Roll-Forward

Track the Contractual Service Margin from initial recognition through subsequent measurement. Actua shows each adjustment: changes in fulfilment cash flows, accretion of interest, release to P&L, and experience adjustments.

Initial Recognition (ICL)

Calculate the Initial Contract Liability: Present Value of Future Cash Flows (PVFCF) + Risk Adjustment + CSM. Enter your assumptions and get a complete breakdown with formulas.

GMM vs PAA Comparison

Compare the General Measurement Model and Premium Allocation Approach side by side. Understand when PAA is eligible and how the results differ.

Risk Adjustment Methods

Confidence level, cost of capital, and quantile approaches. Actua explains the methodology and calculates the risk adjustment for your specific inputs.

Onerous Contract Testing

Determine if a group of contracts is onerous at initial recognition. Calculate the loss component and track its subsequent release.

Discount Rate Impact

Analyze how different discount rate assumptions (locked-in vs current, top-down vs bottom-up) affect your IFRS 17 liabilities.

Example Queries

→ ICL with PVFCF=$500k, RA=$45k, CSM=$80k → CSM roll-forward: opening $80k, accretion 4%, release 20%, change in FCF -$5k → Compare GMM vs PAA for a 1-year motor policy → Risk adjustment using 75th percentile confidence level → When is a contract group onerous under IFRS 17?

Try an IFRS 17 Calculation

5 free queries per day — no sign-up required.

Open IFRS 17 Calculator →