Important Dates

05/13/2008

Exam 5 Administered

05/13/2008

Exam 1/P Administered

05/14/2008

Exam 4/C Administered

Sign Up For E-mail Newsletter

More Information
 
CAS - Report of the CAS Task Force on Exams 3 and 4

Report of the CAS Task Force on Exams 3 and 4

December 21, 2000

To: CAS Candidates and Members

Re: Report of the CAS Task Force on Exams 3 and 4

Today the Casualty Actuarial Society and the Society of Actuaries jointly announced changes to the CAS/SoA Exams 3 and 4 for the Spring 2001 sitting, reducing the amount of material on these examinations. The changes were prompted by recommendations made by a CAS task force and similar concerns by the SoA. The changes have been posted to the Students' Corner of the CAS Web Site as well as the SoA Web Site (www.soa.org).

Earlier this year, the CAS Board of Directors heard concerns about Exams 3 and 4. In February, the Board formed the Task Force on Exams 3 and 4 to review these exams to ensure that they meet CAS learning objectives. The Task Force submitted a draft report with recommendations at the November 12 Board meeting. Based on Board discussions, the Vice President-Admissions forwarded the recommendations to the new joint CAS/SoA Preliminary Actuarial Examinations Syllabus and Education Committee. (This committee, as well as the Joint Exam Administration Committee, were formed this year to provide an improved process for overseeing and addressing issues related to Exams 1-4.) Members of the joint committee spent many hours in a very short time frame reviewing the syllabus material and finalizing recommendations for approval by both societies. The committee will continue to work on intermediate and long-term improvements.

A copy of the Report of the Task Force on Exams 3 and 4 is attached. I commend the members of both the Task Force and the Preliminary Actuarial Examinations Syllabus and Education Committee on their productivity and rapid effort to address concerns with the initial administration of Exams 3 and 4.

Please note that the actual syllabus changes are not listed in this report, but are detailed in the joint announcement that SoA President Robert Brown and I issued.

The CAS remains committed to providing high quality education and examinations. This is an ever-evolving process. As new methods and materials are developed for the actuarial profession, the syllabus and examinations will reflect this. I am confident that this examination process will continue to produce well-prepared property and casualty actuaries.

Sincerely,

Patrick J. Grannan
President
Casualty Actuarial Society

The following are downloadable in .pdf format: