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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.”
The CAS is excited to announce the addition of five colleges and universities being honored through the CAS University Recognition Program for their commitment to preparing students for the property and casualty actuarial field, bringing the total of schools recognized by the CAS to over 50. We commend the faculty and staff at these universities for their efforts in equipping students with the essential skills and knowledge needed for successful careers as Property and Casualty actuaries.
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:
The International Actuarial Association (IAA) has announced the launch of the 2nd Young Actuaries World Cup (YAWC) — a global competition spotlighting the next generation of actuarial talent.
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.
By using these membership directories, you agree to the
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.
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.
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.
The Institutes will send a copy of the grades directly to the CAS Office at the conclusion of the test window to be added to the candidates' admissions records. This can take up to 10-15 business days.
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.
At just 49 pages, the CAS Syllabus of Basic Education contains a plethora of useful information. It covers exam registration, the frequency of exams, and even what candidates should do when they encounter an item that may be defective. Despite the wealth of knowledge within this document, many candidates haven’t read it. When you have hundreds, if not thousands, of pages of source material to read, it makes sense that you wouldn’t want to read 49 more pages.
The Casualty Actuarial Society (CAS) has concluded the most recent phase of its CAS Research Paper Series on Race & Insurance Pricing with a report examining unintended impacts of bias mitigation.
