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CAS Board Discusses White Paper on Education Strategy

08/09/2007 —

The CAS Board of Directors provided the following summary of its discussion of the White Paper on CAS Education Strategy that was held on June 17, 2007.

In the last Board meeting a small Board-level task force was appointed to review the proposals of the White Paper in light of membership feedback. The task force recommends:

  • Moving the CPCU-type topics from Exam 5 to a CAS-administered internet course.

  • Reconfiguring the remaining portions of Exams 5-9 into four exam units instead of five (recognizing that portions of Exam 8 were recently moved to Exams 2 and 3).

  • Adding a capstone seminar. The task force proposed that the capstone seminar would be a three- to five-day limited attendance seminar including a structured project to be completed individually by each participant, and suggested that offering candidates a variety of capstone seminars from which to choose could provide some of the benefits of the “specialty tracks” concept put forth in the original white paper while addressing concerns expressed by the membership.

The Board asked the Task Force to analyze exam transition implications under various reconfiguration options and seek additional feedback from employers and chief actuaries.

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