The CAS Continuing Education (CE) Policy represents an important component in ensuring that CAS members are accountable to their principles and the public by maintaining appropriate levels of relevant continuing education.
All Associate (ACAS) and Fellow (FCAS) members are subject to the CAS CE policy, except Affiliates. The CAS CE Policy applies to all ACAS and FCAS members who provide actuarial services.
Actuarial services are defined in the CAS Code of Professional Conduct as professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings, or opinions based upon actuarial considerations. Affiliates of the CAS are not subject to the CAS CE policy.
To satisfy the CAS CE Policy, ACAS and FCAS members who provide Actuarial Services are required to meet the continuing education requirements established by one of the Recognized National Standards.
If the actuarial organization to which you belong is a member of the IAA but its CE/CPD standards are not listed as a Recognized National Standard, you may choose one of the following standards to follow that best applies. You may request your organization contact us to be considered. Please have that organization submit with its request an official English-language version of the standard.
- United States Qualification Standards (USQS)
- Canadian Institute of Actuaries (CIA) – CPD Standard
- Institute and Faculty of Actuaries (IFoA) – CPD Scheme
- Practising Certificate Holders (CAS members who choose to attest compliance to UK CPD Scheme must follow the requirements for Practicing Certificate Holders, whether or not they hold such certificate)
- Institute of Actuaries of Australia (IAA) Standards
- Actuarial Society of Hong Kong (ASHK) – ASHK By-Law: CPD
- Actuarial Society of Malaysia (ASM) – CPD Handbook
- Colegio Nacional de Actuarios (CONAC)(Mexico)
- Actuarial Institute of Chinese Taipei (AICT) – CPD Requirement
Members are required to confirm their compliance with the CAS CE policy by December 31 every year. Compliance with the CAS CE policy allows members to provide actuarial services in the year immediately following certification of compliance. For example, members should attest by December 31, 2024, to notify the CAS if they met the CE requirements during calendar year 2024 in order to provide actuarial services in 2025.
Members who do not certify their compliance with the CAS CE policy by February 1, 2025, will be shown as “non-compliant” under the Continuing Education heading of the membership directory on the CAS website. Members who are listed as non-compliant may be subject to further administrative penalties as determined by the CAS Board.
Note that even members who are not in actuarial roles should review the requirements, as CE compliance may still be required.
The CAS CE policy defines “Actuarial Services” as “Professional Services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings, or opinions based upon actuarial considerations.”
Members who do not currently provide actuarial services, should attest as “not providing actuarial services.” By attesting “not providing actuarial services,” members will not be required to earn CE or satisfy the CAS CE policy.
Members that attested “not providing actuarial services” the year prior and plan to continue not providing actuarial services in the upcoming year, will not be required to attest on an annual basis until their status changes.
However, immediately upon a change in status, such members should earn the required CE of their chosen Recognized National Standard first and then update their compliance status on their CAS account.
Members who are retired may still be subject to the CE Policy and therefore are still required to attest. Only members who are not currently providing actuarial services are exempt from attesting on an annual basis and exempt from meeting the CE requirements.
Members who are retired but continue to provide actuarial services from time to time, should attest appropriately and meet CE requirements.
Attestation Chart – Should you attest?
| Circumstance | Answer |
|---|---|
|
You recently became a new ACAS/FCAS member and are still taking actuarial exams? |
YES, the time you spend in independent study for exams may be counted toward CE requirements. |
|
You are an actuary working in a non-traditional area of practice (e.g., underwriter, risk manager, CEO)? |
YES, actuaries in non-traditional areas may still be providing “actuarial services” as defined above. |
|
You did not complete the relevant amount of CE/CPD needed for your chosen Qualification Standard or Requirement? |
YES, even if members have not yet met their CE/CPD needed for their chosen Qualification Standard or Requirement, they must still attest. |
|
You are no longer providing actuarial services? |
YES, if you recently stopped providing actuarial services, you must attest this year. |
|
You are retired? |
YES, members who are retired may still be subject to CE Policy. Only if you are not currently providing actuarial services, are you exempt from attesting on an annual basis and exempt from meeting the CE requirements. |
|
You are an Affiliate of the CAS? |
NO, you do not need to attest because Affiliates are not subject to the CAS CE Policy. |
CE Resources
- January 1, 2015 (revised August 31, 2021), CAS Continuing Education (CE) Policy.
- Log on to www.MyTRACE.org and track your continuing education credits with TRACE.
- Log onto CCA's CPD/CE Tracking Tool and track your CE credits with it.
- CAS CE Compliance Procedures
- AAA’s United States Qualification Standard Cheat Sheet
- Complete your attestation
- CE Log – with identifying info For Members and Appointed Actuaries who were not selected for the 2024 CE Record Review. This version includes fields for identifying information like name, email address, and phone number.
- This version should be used to log 2023 CE under the new version of the US Qualification Standards.
- There is a requirement for logging at least one hour of Bias topics (See section 2.2.2 and 2.2.6 of the US Qualification Standards)
- CE Log – without identifying info – For Members and Appointed Actuaries who were selected to participate in the 2023 CE Record Review. This version does not include fields for identifying information like name, email address, and phone number.
- This version should be used to log 2023 CE under the new version of the US Qualification Standards.
- There is a requirement for logging at least one hour of Bias topics (See section 2.2.2 and 2.2.6 of the US Qualification Standards)
