Exclusive First Offering
- The Property and Casualty Predictive Analytics (PCPA) is a new requirement for ACAS designation.
- Official launch May 2024
- Required for ACAS starting November 2025
- Assess both essential skills and streamlined practical application
- Focus on Property & Casualty (General Insurance) solutions
- Two parts
- Exam component
- Project component
- Pearson Vue (Exam)
- The Institutes (Project)
This exclusive first offering will be available November 2023. The purpose is to gather statistical data to evaluate the performance of the assessments, provide an opportunity for participants to give feedback on the overall experience, and to validate the estimated study times and project completion times.
We are seeking up to 100 participants with a range of demographics and experience that will be representative of the overall candidate population. It’s highly recommended that candidates take the PCPA after exams MAS-I, MAS-II and 5 within the ACAS pathway. The optimal participant for the first offering will be an ACAS candidate who has credit for these three exams, or a recently credentialed ACAS.
No. Participation is free for up to 100 actuarial professionals.
This is a real, valid product. It will be the same content and rigor that candidates will experience for the official launch in 2024. Please study and test as you normally would for a CAS exam. If you pass, this will count toward your ACAS requirements. Additionally, the data from this first offering will be used for standard setting for all future candidates. For this purpose, we are looking for a range of demographics and experience levels that will be representative of the overall candidate population. Your study time and effort on the exam and project will help to ensure the cut score and pass marks are set accurately. We anticipate that any changes to future administrations based on your feedback would be minor tweaks to optimize the experience and would not alter the rigor or content outline of the PCPA.
At the conclusion of the exam and project administration, we will contact you with a brief survey to capture any feedback you have on the content or overall experience. Additionally, if you are open to talking in more detail, we would be happy to schedule a call at your convenience. We will include a question at the end of the survey that asks if you would like to have a follow-up call.
Since this is the first offering, our graders and standard setting committee will need several weeks to analyze the data for both the multiple-choice exam and the case study project. We expect pass/fail results to be available no later than January 2024. For future administrations starting May 2024, the multiple-choice exam will be available on an ongoing continual basis, and pass/fail results will be available immediately so candidates can schedule a second attempt if needed before the project window closes. The project will have sittings once per quarter, and since grading will be hand scored, results may take several weeks.
Yes. If you do not pass the exam or project in the first offering, you are eligible to receive a free retake of both the exam and project component. If you pass the exam but not the project, you will receive credit for the exam and be eligible for one free retake of the project. The retakes may be scheduled during a future admission in 2024 or 2025 at your convenience.
If you are interested in participating, please complete this brief survey by August 31, 2023.