Syllabus of Basic Education
Announcements for 2018
Candidates may find online exam registration and related information on the Exam Registration page of the CAS website.
There is only one registration deadline for each exam. No late registrations will be accepted. The exam dates and registration deadlines are available in the "2018 Examination Schedule" section. Please allow at least 10 working days for your mailed application to reach its destination. Whether payment is made by personal or company check, it is the candidate's responsibility to ensure that the application and fee are received by the stated deadline. For Exam 5, all candidates must register online. Exceptions will not be made.
New Exam Requirements
The 2018 Syllabus of Basic Education reflects the introduction of two new exam requirements — Modern Actuarial Statistics-I and Modern Actuarial Statistics-II — replacing Exam S and Exam 4. The first sitting of Modern Actuarial Statistics-I will be in May 2018 and the first sitting of Modern Actuarial Statistics-II will be in October 2018.
Candidates should review carefully the new exam syllabi, the transition rules adopted by CAS Board of Directors, and the frequently asked questions (FAQ) web page about these changes to the CAS basic education requirement.
Technology-based Examinations (TBE)
The CAS has announced the transition of its upper level, constructive-response examinations to a computer-based environment, called Technology-based Examination (TBE). It will replace the traditional paper-and-pencil method of exam administration. The first exam to be administered using this environment will be Exam 5-Basic Techniques for Ratemaking and Estimating Claim Liabilities in May 2018.
The CAS exam registration process for exams offered in the TBE environment is the same as for paper and pencil exams. Candidates will register for the exam by completing an online registration form on the CAS website. Registration will open in December 2017.
After completing your regular CAS exam registration, the CAS will notify that you have registered for the exam. You will then receive an email from the CAS Office with information about how to set up a PSI account and schedule the exam.
To schedule an exam with PSI, you will need to create an account and choose your start time to take the exam. PSI will open exam scheduling 90 days before the examination. CAS candidates will have 24/7 access to PSI's online system via computer or mobile device. Candidates will be able to select the starting time for their exam session among available options on the scheduled exam day. Candidates can change their scheduled exam time up until two weeks before the exam.
Further information regarding registration and exam administration can be located on the Technology-based Examination web page in the "Exams and Admissions" section of the CAS website. Additional details and step-by-step instructions will be available in early 2018.
Validation by Educational Experience (VEE)
As part of basic education, the CAS requires Validation by Educational Experience (VEE) topics. The CAS, in conjunction with the Canadian Institute of Actuaries and the Society of Actuaries, implemented VEE requirements beginning in 2005. The topical requirements for VEE have changed beginning in July 2018. The CAS will require candidates to have met the following VEE requirements:
- VEE-Accounting and Finance
Candidates should review carefully the new requirements and the transition rules adopted by CAS Board of Directors.
As announced earlier, beginning with the fall 2017 exam results, the CAS will no longer be posting passing candidate numbers on the CAS website. Instead candidates can access their exam results by logging into their My Exams page within their profile on the CAS website. Candidates will be notified by email when their exam results have been uploaded to their profile.
In addition, the spring 2018 exam sitting will be the last sitting in which results are mailed to candidates. Moving forward, candidates will access their exam results only via the website.
Note: This Syllabus is subject to change in the future.
The Syllabus for each examination is defined in the form of Learning Objectives, Knowledge Statements, and Readings. The Learning Objectives present the learning goals for the underlying subjects being tested and set forth, usually in broad terms, what the candidate should be able to do in actual practice. The Knowledge Statements describe the body of knowledge corresponding to the exam subject and are illustrative of the scope of each Learning Objective. The Readings are recommended resources that support the Learning Objectives and may assist candidates to prepare for the examination. The CAS is not responsible for any errors or omissions found in the content of the resources identified in the Readings.