ILA 101 Pricing and Introduction to Valuation and Risk Management
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Exam Essentials
2026 Exam Schedule
- March 2026
- July 2026
- November 2026
2027 Exam Schedule
- March 2027
- July 2027
- November 2027
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
Nov 2026/Mar 2027/Jul 2027
- Syllabus with Learning Objectives/Outcomes and Readings – Nov 2026/Mar 2027/Jul 2027
- Course Strategy Guide – Nov 2026/Mar 2027/Jul 2027
- Introductory Study Note – Nov 2026/Mar 2027/Jul 2027
Syllabus Updates
- Any updates to the current syllabus will be posted here
Books and Study Notes
Supplemental Study Materials
- ILA 101 Relevant Past Exam Materials
- ILA 101 Guided Examples with Solutions
- Past Exam Questions and Solutions
- Study Methods
Related Links
- November 2026 CBT Exam FSA Fillable Application
- Caribbean Locations Application
- November 2026 Prometric Capacity and Appointment Issues Online Form
- July 2026 Exam Administration Technical Review Requests