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🇺🇸 United States · Actuarial
Casualty Actuarial Society Credentials (ACAS/FCAS) Syllabus
Property and casualty actuarial credentialing from the Casualty Actuarial Society (CAS) via a sequence of exams. The full Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus: 9 subjects, 36 chapters, 115 topics and 280 sub-topics, with 493 flashcards written against it.
Casualty Actuarial Society Credentials (ACAS/FCAS) subjects
Casualty Actuarial Society Credentials (ACAS/FCAS) has 9 subjects. Each one is listed below with its chapters in syllabus order; open a subject for every topic and sub-topic inside them.
Probability, Financial Mathematics, and VEE Foundations
- Exam P / Exam 1 — Probability · 4 topics
- Exam FM / Exam 2 — Financial Mathematics · 6 topics
- VEE — Validation by Educational Experience · 3 topics
MAS-I — Modern Actuarial Statistics I
- Probability Models and Stochastic Processes · 3 topics
- Severity, Frequency, and Aggregate Loss Models · 4 topics
- Statistical Estimation and Credibility · 3 topics
- Simulation · 3 topics
MAS-II — Modern Actuarial Statistics II
- Bayesian Analysis and Markov Chain Monte Carlo · 3 topics
- Linear Models and Regression · 3 topics
- Generalized Linear Models · 3 topics
- Time Series Analysis · 3 topics
- Statistical Learning and Predictive Modeling · 3 topics
Exam 5 — Basic Techniques for Ratemaking and Estimating Claim Liabilities
- Ratemaking Foundations · 3 topics
- Loss and LAE Development for Ratemaking · 3 topics
- Overall Rate Indications and Rate Classification · 4 topics
- Estimating Unpaid Claims (Reserving) · 4 topics
Exam 6 (US) — Regulation and Financial Reporting (United States)
- Insurance Regulation in the United States · 3 topics
- Statutory Accounting Principles · 3 topics
- Taxation and Financial Reporting · 3 topics
- Professional Responsibilities and Reserve Opinions · 3 topics
Exam 7 — Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management
- Advanced Reserving Techniques · 3 topics
- Reinsurance Reserving and Pricing · 3 topics
- Insurance Company Valuation · 3 topics
- Enterprise Risk Management · 3 topics
Exam 8 — Advanced Ratemaking
- Classification Plan Design and GLMs in Pricing · 3 topics
- Excess, Deductible, and Increased Limits Pricing · 3 topics
- Catastrophe and Specialty Ratemaking · 3 topics
- Reinsurance Pricing · 3 topics
Exam 9 — Financial Risk and Rate of Return
- Portfolio Theory and Asset Pricing · 3 topics
- Financial Risk Management · 3 topics
- Capital Allocation and Cost of Capital · 3 topics
- Rate of Return and Insurance Pricing Models · 3 topics
Professionalism, Online Courses, and Credentialing Requirements
- Online Course 1 — Risk Management and Insurance Operations · 3 topics
- Online Course 2 — Insurance Accounting, Coverage Analysis, Insurance Law, and Insurance Regulation · 3 topics
- Course on Professionalism (COP) · 3 topics
- Credentialing Pathway and Requirements · 3 topics
Casualty Actuarial Society Credentials (ACAS/FCAS) flashcards
493 question-and-answer cards across 9 subject decks, each shown in full on its subject page.
- 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
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, Exam 9 — Financial Risk and Rate of Return and Professionalism, Online Courses, and Credentialing Requirements.
How many chapters and topics are in the Casualty Actuarial Society Credentials (ACAS/FCAS) syllabus?
36 chapters and 115 topics, broken down further into 280 sub-topics, across 9 subjects. MAS-II — Modern Actuarial Statistics II is the largest subject, with 15 topics in 5 chapters.
Are there Casualty Actuarial Society Credentials (ACAS/FCAS) flashcards?
Yes — 493 question-and-answer flashcards in 9 subject decks. Each deck is printed in full on its subject page here, and the same cards are in the Examius app with spaced repetition. The free plan covers one exam of your choice, including its flashcards; Examius Pro, a one-time purchase, unlocks every other exam and deck.