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The Actuarial Standards Board (ASB), part of the American Academy of Actuaries, has released an exposure draft for a proposed revision of Actuarial Standard of Practice (ASOP) No. 39, now titled, “Treatment of Catastrophe or Extreme Event Losses in Future Cost Estimates for Property/Casualty Risk Transfer and Risk Retention.”
Presentation begins with an overview of the Insurance Information Institute’s (Triple-I) insurance economics outlook and underwriting projections, updated quarterly by their economists and actuaries. The presentation then transitions to Triple-I’s perspective on key risks and opportunities facing the insurance industry, illuminated by recent Insurance Research Council (IRC) public policy research studies.
Learning Objectives:
Please take some time to review these important reminders for your upcoming CAS exam.
Refund Reminder
The refund deadline for April exams is April 1, 2025. To cancel your exam and receive a partial refund, follow the steps below on or before April 1, 2025. If you are unable to submit a case, please contact refund@casact.org. A $200 administrative fee per examination will be assessed on all refunds.
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A big welcome to our newest Candidate Advocacy Working Group (CAWG) volunteers—four candidate representatives and six credentialed CAS members! These dedicated individuals work together to advocate for candidates and enhance the candidate experience within the CAS. Whether they are actively taking CAS exams or have earned their credential, all CAWG members play a vital role to support and elevate the candidate experience. If you’d like to get involved, candidates can apply each summer, and CAS members can express their interest through the Volunteering section of the CAS Portal.
Loss reserving and policy pricing are two fundamental yet traditionally siloed functions within insurance operations. When disconnected, they create inefficiencies, misaligned assumptions, and delayed responses to emerging trends—ultimately impacting an insurer’s profitability and competitiveness. In this session, we’ll explore how integrating reserving and pricing can drive better financial outcomes, enhance agility, and create a more resilient insurance operation.
Along with R, Python has emerged as an appealing option for actuarial work. Python is a free and open source programming language with a large, global community of users. Python supports general-purpose programming including automation of file system operations, data I/O, and plotting. Many packages are available to carry out classical statistical analysis, as well as more recent statistical learning methods like machine learning, deep learning, and unsupervised learning. There are also packages which perform specific actuarial methods like loss reserving.
In 2023, the CAS announced a new ACAS requirement called Property & Casualty Predictive Analytics (PCPA). While the initial deadline to earn the ACAS credential without taking PCPA was announced as November 1, 2025, the CAS recently decided to extend this deadline to January 1, 2026. This means that to earn your ACAS without taking PCPA, you must have each of the current ACAS requirements on your transcript prior to January 1, 2026. The last opportunities to earn credit for each of the current ACAS requirements will be the:
In person (Jacksonville, FL) and virtual options available.
The CAS, in partnership with the Candidate Advocate Working Group (CAWG), is excited to announce the launch of a new study resource designed to give candidates a deeper understanding of how to approach and answer exam items—and how those answers are graded. Three (recently retired) items have been chosen from the Exam 5 item bank to showcase in this video series.
The CAS Exam Answering & Grading Insights Videos provide a step-by-step breakdown of these Exam 5 items, which were drawn from the October/November 2024 sitting.
Each video features:
Updated March 31, 2025
Please review the Candidate Know Before you Go webpage before you go to your Pearson Vue Center appointment for important exam information.
