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Understanding reserve variability has become an important skill for the practicing actuary. Moving from point estimates and deterministic ranges to distributions of possible outcomes is one of the critical quantitative building blocks for effective Enterprise Risk Management. Insurance executives, regulators, risk managers and rating agencies are all beginning to raise the bar for the actuarial profession with respect to discussing and disclosing insurance risk calculations.
The Casualty Actuarial Society is proud to present its fourth annual China Insurance Summit, taking place on August 22, 2025. Participants will be able to attend in-person in Chengdu, China, or virtually. The event will be conducted in Mandarin, with limited sessions in English. CAS Members and Candidates, academics, and other professionals working in the insurance industry are invited to attend. This Summit will feature an action-packed schedule with a broad range of topics. Agenda forthcoming
Applying for Membership as a Fellow
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If you are a current Associate in good standing with the CAS, please submit the FCAS form via your CAS portal.
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Please fill out this form if you are experiencing Fall 2022 exam registration or scheduling issues.
Exam Accommodation requests must be submitted by September 4, 2023.-->
The Exam 6-Canada syllabus includes the CCIR Final 2024 IFRS 17 P&C Insurance Return. Please note that several of the documents linked below are reproductions of an official work. In these cases, "the reproduction is a copy of an official work that is published by the Government of Canada and that the reproduction has not been produced in affiliation with, or with the endorsement of the Government of Canada." To emphasize that several of these documents are copies of an official work, a "SAMPLE" watermark has been added to these archived documents.
Information on study aids and seminars is provided only as a convenience to CAS candidates. The CAS takes no responsibility for the accuracy or quality of the study aids and seminar announcements attached to this notice.
Please note that the Examination Committee expects candidates to read the material cited in the Syllabus and to use other material as a complement to the primary sources rather than a substitution for them.
The CAS has launched a new predictive analytics requirement for ACAS starting on January 1, 2026. This new requirement has an examination and project component. The project, which was created by a team of experienced actuaries who specialize in predictive analytics in partnership with Pearson VUE and The Institutes, utilizes innovative predictive modeling techniques to help candidates and professionals in the actuarial field to gain a deeper understanding of key concepts and improve their predictive capabilities.
The CAS continues to offer a robust lineup of webinars and other learning opportunities to help actuaries stay current with industry developments and enhance their professional expertise. The upcoming sessions this summer cover a range of pertinent topics, from new problem-solving approaches to industry-specific insights.
In response to candidate feedback, the CAS is pleased to introduce a new August MAS Exam administration. This additional offering reflects our ongoing commitment to enhancing the exam process and marks the final initiative implemented as part of the Admissions Transformation Plan. The complete 2025 exam schedule is available in the Syllabus of Basic Education.
The CAS University Recognition Program recognizes academic institutions with a demonstrated commitment to preparing future property and casualty actuaries through their educational offerings. There are three levels of recognition offered, Bronze, Silver, and Gold. Details of the requirements to meet each level can be found on the program webpage.
The CAS Board of Directors is proposing amendments to our governing documents designed to streamline and modernize the Society’s governance—without changing its structure or policies. Fellows will be asked to vote on the changes in conjunction with the 2025 CAS elections in August. In putting the proposals on the ballot, the Board is recommending that the Fellows vote in favor of the amendments.
Casualty Actuarial Society Memorial Procedures
As an organization with over 11,000 members worldwide, the CAS has an ambitious mission and a wide range of interests. From advancing the knowledge of actuarial science to maintaining standards of qualification for membership, a great deal of work goes into executing the core objectives of the organization. While there are nearly 60 full-time staff at the CAS working hard every day to bring the CAS Strategic Plan to life, the basic functions of our organization could not happen without the spirit of volunteerism that is alive and well among our members and candidates.
Reinsurance is fundamental to the P&C insurance industry, helping insurers manage risk, stabilize their finances, and ensure they can meet their obligations to policyholders. The process of insurance companies transferring risk to reinsurers is essential in the insurance industry, and I will dive deeper into the history, types, and benefits of reinsurance.
Recently candidates across the CAS held their breath in anticipation of the Spring 2025 exam results. While everyone hopes to pass, the reality is that many exam takers will face the disappointment of a failing grade. Sadness, frustration, and even shame are all common reactions — especially when someone has to say “I failed” to well-wishing coworkers and family in the following days. Whether it’s a candidate’s first or tenth time failing, the experience never gets easier and can often feel deeply isolating.
I know what you’re thinking. An actuary? Bad at math? How is that possible? Crazy, but it’s true. If you were to see my college transcript (featuring a D+ in continuous probability and a C in calculus), you would be wondering how I made it past Exam P, let alone got my ACAS. Spoiler alert: it’s not about how naturally smart you are, it’s about how much effort you’re willing to put in.
