ILA 101 Pricing and Introduction to Valuation and Risk Management
The Pricing and Introduction to Valuation and Risk Management course is the first part of the two-course sequence in the Individual Life and Annuities practice area.
Course Learning Objectives
Upon successful completion of ILA 101 Pricing and Introduction to Valuation and Risk Management, you will understand the following learning objectives:
- The designs of the common Life and Annuity products and their associated features and inherent risks, and the methods to design and price these products;
- Different types of actuarial assumptions and how experience studies are designed and used for evaluating past experience and for setting assumptions;
- Common issues and practices related to Product Management;
- Common valuation and capital techniques used in US, Canadian, and international regulatory frameworks; and
- Various techniques for addressing the mitigation of risk within a life insurance and annuity context.
How Should I Study?
As part of the evolution of the FSA pathway, the SOA is committed to improving your learning experience through better source materials. To study for ILA 101 Pricing and Introduction to Valuation and Risk Management, start with the syllabus and continue with the other materials, including the course strategy guide.
Syllabus Materials
- Syllabus with Learning Objectives/Outcomes and Readings – Nov 2025/Mar 2026/Jul 2026
- Course Strategy Guide – Nov 2025/Mar 2026/Jul 2026
- Introductory Study Note – Nov 2025
- Case Study - this course has no case study
Syllabus Updates
- Any updates to the current syllabus will be posted here
Books and Study Notes
Supplemental Study Materials
- ILA 101 Relevant Past Exam Questions and Solutions (Available July 2025)
- ILA 101 Guided Examples with Solutions (Available July 2025)
- Past Exam Questions and Solutions
- Study Methods