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Casualty Actuarial Society Credentials (ACAS/FCAS) Syllabus
Property and casualty actuarial credentialing from the Casualty Actuarial Society (CAS) via a sequence of exams.. The complete Casualty Actuarial Society Credentials (ACAS/FCAS) outline — 9 subjects, 36 chapters and 115 topics — laid out so you can see exactly what has to be covered and tick each item off as you go.
Casualty Actuarial Society Credentials (ACAS/FCAS) subjects
Each subject below has its own page with the full chapter → topic → sub-topic tree and a set of real exam-style flashcards.
3 chapters · 13 topics · 44 sub-topics
MAS-I — Modern Actuarial Statistics I4 chapters · 13 topics · 35 sub-topics
MAS-II — Modern Actuarial Statistics II5 chapters · 15 topics · 34 sub-topics
Exam 5 — Basic Techniques for Ratemaking and Estimating Claim Liabilities4 chapters · 14 topics · 37 sub-topics
Exam 6 (US) — Regulation and Financial Reporting (United States)4 chapters · 12 topics · 27 sub-topics
Exam 7 — Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management4 chapters · 12 topics · 25 sub-topics
Exam 8 — Advanced Ratemaking4 chapters · 12 topics · 27 sub-topics
Exam 9 — Financial Risk and Rate of Return4 chapters · 12 topics · 26 sub-topics
Professionalism, Online Courses, and Credentialing Requirements4 chapters · 12 topics · 25 sub-topics
Casualty Actuarial Society Credentials (ACAS/FCAS) flashcard decks
493 question-and-answer cards across 9 decks, written against this syllabus. Preview any deck free.
- Probability, Financial Mathematics, and VEE Foundations — 51 cards
- MAS-I — Modern Actuarial Statistics I — 57 cards
- MAS-II — Modern Actuarial Statistics II — 72 cards
- Exam 5 — Basic Techniques for Ratemaking and Estimating Claim Liabilities — 51 cards
- Exam 6 (US) — Regulation and Financial Reporting (United States) — 50 cards
- Exam 7 — Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management — 61 cards
- Exam 8 — Advanced Ratemaking — 50 cards
- Exam 9 — Financial Risk and Rate of Return — 51 cards
- Professionalism, Online Courses, and Credentialing Requirements — 50 cards
How to work through the Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus
The outline on this page is arranged the way the syllabus itself is: subject, then chapter, then topic, then sub-topic. That last level is what most study plans skip, and it is where coverage actually goes wrong — a chapter marked "done" often has three sub-topics inside it that were never touched.
Weight your plan accordingly: MAS-II — Modern Actuarial Statistics II carries 15 topics while Professionalism, Online Courses, and Credentialing Requirements carries 12. Giving both the same number of weeks is the most common planning mistake for Casualty Actuarial Society Credentials (ACAS/FCAS).
The ~140 hour estimate above is a first pass only: roughly 45 minutes per topic plus 12 minutes per sub-topic. Revision cycles, past papers and mocks sit on top of that number.
Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus FAQ
What subjects are in the Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus?
Casualty Actuarial Society Credentials (ACAS/FCAS) covers 9 subjects: Probability, Financial Mathematics, and VEE Foundations, MAS-I — Modern Actuarial Statistics I, MAS-II — Modern Actuarial Statistics II, Exam 5 — Basic Techniques for Ratemaking and Estimating Claim Liabilities, Exam 6 (US) — Regulation and Financial Reporting (United States), Exam 7 — Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management, Exam 8 — Advanced Ratemaking and Exam 9 — Financial Risk and Rate of Return, and 1 more. Together they contain 36 chapters and 115 named topics.
How big is the Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus?
The full Casualty Actuarial Society Credentials (ACAS/FCAS) outline breaks down into 36 chapters, 115 topics and 280 sub-topics. MAS-II — Modern Actuarial Statistics II is the largest single subject with 15 topics across 5 chapters.
How long does it take to cover the whole Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus?
Roughly 140 hours for one full pass. That estimate allows about 45 minutes per topic plus 12 minutes per sub-topic, so it is first-pass coverage — revision, past papers and mock tests sit on top of it. At 3 hours a day that is about 7 weeks.
Are there Casualty Actuarial Society Credentials (ACAS/FCAS) flashcards?
Yes — 493 question-and-answer flashcards across 9 decks, one per subject, written against this syllabus. A sample of every deck is readable on this site for free, and the complete decks are in the Examius app.
Is this Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus free to use?
Yes. Every page here is free to read, and importing the Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus into the Examius app to tick off topics as you finish them is free too, in United States and everywhere else. No account is needed to start.