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.

P&C Reserving

Loss Reserving & IBNR Calculator

Upload loss development triangles or enter data directly. Actua applies Chain Ladder, Bornhuetter-Ferguson, Cape Cod, and other reserving methods to calculate IBNR and ultimate loss estimates — with every development factor and calculation step shown.

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Supported Methods

Chain Ladder (Development)

The standard development method. Actua calculates age-to-age factors, selects development factors (simple average, volume weighted, or custom), projects ultimate losses, and derives IBNR for each accident year.

Bornhuetter-Ferguson

Combines prior loss expectations with actual development. Useful when early development periods are volatile. Actua derives the BF ultimate as: Incurred + (Expected Ultimate × % Unreported).

Cape Cod (Stanard-Bühlmann)

A credibility-weighted blend that derives the expected loss ratio from the data itself, avoiding reliance on external loss ratio assumptions.

Paid-Incurred Chain (PIC)

Uses both paid and incurred triangles jointly for a more robust reserve estimate, particularly useful when paid and incurred development patterns diverge.

Frequency-Severity

Separate projection of claim counts and average claim costs, with ultimate reserves derived from the product. Supports trend analysis on both components.

Excel Upload Support

Upload your loss triangle as an Excel file (.xlsx, .xls, or .csv). Actua automatically detects the triangle structure, identifies accident years and development periods, and applies the reserving methods. Results can be exported as an audit-ready workbook with development factors, ultimate loss projections, and IBNR estimates — complete with live Excel formulas.

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5 free queries per day. Upload your triangle and get results instantly.

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