The Infinite Actuary

What The Infinite Actuary does

The Infinite Actuary, LLC is a Pelham, Alabama-based online education company that produces video-based preparation courses for Society of Actuaries (SOA), Casualty Actuarial Society (CAS), Enrolled Actuaries (EA), and VEE credentialing exams. The platform, founded in 2007 and led by CEO James Washer, serves aspiring actuaries, career changers, college students, and credentialed practitioners across markets in North America, the UK, Canada, Australia, and India. The core product is a comprehensive syllabus-aligned curriculum of approximately 25+ paid courses covering preliminary, fellowship, and specialized actuarial exams, with per-course pricing of $249 to $1,495 and 6-12 months of access, plus free Exam P and FM courses that drive a freemium acquisition funnel.

The technical platform is a web-based video streaming system with native iOS and Android applications that support offline lesson downloads, progress sync across devices, spaced-repetition flashcards, adaptive practice problem tracking, and CBT-format practice exams. Course content is produced by a roster of approximately 20 credentialed instructors (FSAs and FCASs) drawn from firms including Milliman, Pacific Life, EY, Aon Hewitt, Farmers Insurance, Genworth Financial, Sompo International, and MetLife, supplemented by an instructor-supported forum model.

The business operates entirely as self-serve B2C e-commerce on theinfiniteactuary.com and mobile app stores, with no third-party resellers. Revenue streams comprise paid exam-prep subscriptions, VEE credit courses, Technical Skills and Database courses, and a non-revenue free Micro Insurance Academy sub-brand. The company is privately held, founder-controlled, self-funded, and has never raised outside capital or pursued M&A activity across its 17-year operating history, claiming 10,000+ attributed FSA exam passes and 10s of thousands of cumulative students.

Name

The Infinite Actuary

Legal name

The Infinite Actuary, LLC

Website

https://theinfiniteactuary.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

The Infinite Actuary is an online actuarial exam preparation platform offering video-based courses for SOA, CAS, and EA certification exams, serving aspiring and credentialed actuaries globally through freemium and paid subscription access.

Ownership category

akta.pro rank

Headquarters

HQ city

Pelham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Exam Preparation Course Subscriptions: The primary revenue stream consists of paid course subscriptions for actuarial exam preparation (SOA, CAS, EA exams). Courses are priced individually at $249-$1,495 per course with 6-month access periods. Pricing varies by exam complexity and level (preliminary vs. fellowship-level). Student discounts of 50% are available for full-time college students.
2. Freemium Exam Preparation: Free access to Exam P (Probability) and Exam FM (Financial Mathematics) preliminary courses, with the primary purpose of customer acquisition and brand building. These free courses drive students into the ecosystem who later purchase advanced exam courses.
3. VEE Credit Courses: VEE (Validation by Educational Experience) credit courses for Economics, Mathematical Statistics, and Accounting/Corporate Finance, priced at $280-$599 per course with 6-month access.
4. Technical Skills Courses: Technical skills training courses covering Excel, VBA, SQL, Access, and predictive analytics (R, Python), priced at $249-$449 for 12-month access periods.
5. Microinsurance Academy Courses: Free microinsurance education courses through the Micro Insurance Academy partnership, structured into Core, Implementation, and Data streams. These courses are free but do not provide certification.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

The Infinite Actuary sells online subscription-based exam preparation courses for actuarial certification exams administered by the Society of Actuaries (SOA), Casualty Actuarial Society (CAS), and enrolled actuary (EA) programs. Courses include video lessons, practice problems, sample exams, flashcards, and instructor forum support, delivered through a proprietary web platform with companion iOS and Android mobile apps.

Product overview

The Infinite Actuary (TIA) is an online actuarial exam preparation platform offering comprehensive courses for SOA, CAS, and VEE requirements. The product portfolio includes: Preliminary exam prep courses (P, FM, FAM, ALTAM, ASTAM, SRM, PA, MAS-I, MAS-II); SOA Fellowship exam courses across multiple tracks including ILA (Individual Life & Annuities), GH (Group Health), CFE (Corporate Finance & Enterprise Risk Management), and EA (Enrolled Actuaries); CAS exam courses (Exams 5-9 and PCPA); VEE credit courses in Economics, Mathematical Statistics, and Accounting & Corporate Finance; Technical Skills training covering Excel, VBA, SQL, and predictive analytics; Database Theory and Practice training; and a mobile study app. Many preliminary and fellowship courses offer instructor support, video lessons, practice problems, sample exams, and flashcards. Some courses (P, FM) are available free of charge, while others are paid subscription-based courses typically providing 6 months of access.

Differentiator

Problem solved

Functional benefit

Brands

• Micro Insurance Academy (MIA): Free online courses in microinsurance studies for students of several disciplines including actuarial, development, health financing, insurance, economics, and business, as well as microinsurance professionals worldwide. Awarded Educational Services Provider of the Year Award in 2010 and 2011 by the Asia Insurance Industry.

Products and services

• SOA Preliminary Exam Prep Courses (P, FM, FAM, ALTAM, ASTAM, SRM, PA, MAS-I, MAS-II) Comprehensive online video-based preparation courses for all Society of Actuaries (SOA) preliminary exams. Includes Exam P (50+ video lessons, 850+ solved problems, 4 sample exams) and Exam FM (80+ video lessons, 1,200+ problems, 6 sample exams), which are offered free of charge, plus paid advanced preliminary courses. Designed for aspiring actuaries seeking SOA associate-level credentials.
• SOA Fellowship Exam Prep Courses (ILA, GH, EA, CFE, INV, CP tracks) Online preparation courses for Society of Actuaries Fellowship-level exams across multiple specialty tracks including Individual Life & Annuities (ILA), Group Health (GH), Enrolled Actuaries (EA), Corporate Finance & Enterprise Risk Management (CFE), Investments (INV), and Corporate Practice (CP). Each course typically includes 40+ hours of video lessons, condensed outlines, practice problems, and sample exams. Pricing ranges from $595 to $1,495 per course with 6-month access.
• CAS Exam Prep Courses (Exams 5-9, PCPA, MAS-I, MAS-II) Online preparation courses for Casualty Actuarial Society (CAS) exams covering basic techniques for ratemaking (Exam 5), US regulation and financial reporting (Exam 6), advanced estimation of claims liabilities (Exam 7), advanced ratemaking (Exam 8), risk management (Exam 9), and property & casualty predictive analytics (PCPA). Designed for P&C insurance actuaries pursuing FCAS designation.
• VEE Credit Courses (Economics, Mathematical Statistics, Accounting & Corporate Finance) Online courses that satisfy the SOA/CAS Validation by Educational Experience (VEE) credit requirements in Economics (Micro and Macro, $280 each or $480 combined bundle), Mathematical Statistics ($599 full, $480 student), and Accounting and Corporate Finance. Each course includes video lessons, formula sheets, practice problems, and graded assignments.
• Technical Skills Course (TSC) Technical skills training covering Excel, VBA, SQL, and introduction to predictive analytics software (R, Python) tailored for actuarial scenarios with practical actuarial projects. Includes Technical Foundations ($249, student $85), Predictive Analytics Intro ($249, student $85), and a Bundle ($449, student $150). Provides 12-month access with optional half-price one-year extension.
• Database Theory and Practice for Actuarial Analysis Comprehensive database course covering database theory, types of databases, RDBMS platforms, data normalization, ERDs, basic to advanced SQL, and actuarial applications. Includes 110+ video lessons (14+ hours), SQL and VBA code samples, and capstone projects. Priced $399 ($200 student) with lifetime access.
• Micro Insurance Academy (MIA) Online Courses Free online courses in microinsurance offered in partnership with the Micro Insurance Academy, structured into Core, Implementation, and Data streams for actuarial, development, health financing, insurance, economics, and business professionals and students worldwide. Does not provide certification but builds practical microinsurance knowledge.
• TIA Study Mobile App Mobile application available on iOS and Android that enables students to download course lessons and videos for offline viewing, track study progress, access flashcards, practice problems, and sync progress across devices. Serves as both a content delivery mechanism and study management tool for TIA course subscribers.

Quantifiable outcome

• Over 10,000 FSA exam passes attributed to TIA courses since 2007
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Wiley Efficient Learning: Large-scale test prep publisher offering CFA, CPA, and other professional credential courses with significant online infrastructure. Adjacent competitor that could expand into actuarial and shares similar self-serve e-commerce distribution.
• Schweser (Kaplan): Established CFA exam prep provider within Kaplan's portfolio. Comparable in operational model (self-serve e-learning for high-stakes professional credentials) and could credibly expand into actuarial prep given the playbook overlap.
• Kaplan Financial: Major professional education provider offering CFA, actuarial, and other finance credentials with a global footprint and significant brand. Provides actuarial exam prep among a much broader test prep portfolio.

Regional players

• BPP Actuarial Education: Provides actuarial training primarily in the UK and Europe, serving candidates preparing for IFoA exams. Comparable in product (online exam prep courses) but primarily competing in different geographic markets.

Direct peers

• ASM (Actuarial Study Materials): Publishes study manuals for SOA and CAS exams and has expanded into online courses. Targets the same actuarial candidate audience with traditional print-and-online hybrid offerings.
• Coaching Actuaries: The closest direct competitor in actuarial exam prep, offering online courses for SOA and CAS exams. Known for its Adapt adaptive practice software and a similarly broad course catalog, making it the most relevant head-to-head comparison.
• ACTEX Learning (Mad River Books): Long-standing publisher of actuarial exam study manuals and online learning tools serving the same SOA/CAS candidate pool. Competes directly on content depth and is frequently purchased by the same actuarial students.

Others

• Society of Actuaries (SOA): The primary credentialing body whose exams drive TIA's core demand. Not a commercial competitor but the strategic customer dependency — syllabus, exam format, and pass-rate changes directly impact TIA's product roadmap.
• Casualty Actuarial Society (CAS): The P&C actuarial credentialing body alongside SOA. Like SOA, not a competitor but defines the syllabus and exam pipeline for TIA's CAS course portfolio (Exams 5-9 and PCPA).
• Anki (spaced-repetition platform): Free open-source flashcard platform with spaced repetition used by many actuarial students for self-study. Represents a non-paying alternative that competes for student time and wallet share.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/TheInfiniteActuaryTube
• Instagraminstagram.com/the_infinite_actuary
• Xx.com/theinfiniteact
• Facebookfacebook.com/TheInfiniteActuary
• LinkedInlinkedin.com/company/theinfiniteactuary

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Infinite Actuary