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CAS Exam 5 Study Programs

Study Programs
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Essential Study Program


Study Program Components

Printed Materials
2008 Actuarial Notes Volumes I, II

Online Modules
Study Guide
Study Manager
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Online Preparatory Tests
Independently Authored (Ultimate Only)
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Actuarial Notes (Study Manuals)
General Overview

Number of pages: Approximately 1,050

Anticipated Availability: Volumes 1 and 2:  12/26/2007

Volume 1: Introduction to P&C Insurance and Ins Operations (covers Sections A-C of the CAS Syllabus of Examinations).

Volume 2: Ratemaking and Classification Analysis (covers Sections D-F of the CAS Syllabus of Examinations).

New Additions To The 2008 Syllabus Readings
Nyce, C.M., Foundations of Risk Management and Insurance (Second Edition), 2006, American Institute for Chartered Property Casualty Underwriters, Chapters 1 (1.3-1.17 up to “Classification of Risk,” excluding Exhibits 1-1 and 1-2); 6 (6.21 from “Insurance Markets and Competition” through 6.27 up to “Summary,” excluding Exhibits 6-7 and 6-8); 7 (7.9 from “Economic View of Insurance” through 17.26 up to “Financial View of Insurance,” and 7.34-7.39 up to “Summary,” excluding Exhibit 7-3); 8 (8.3-8.27 up to “Government Programs,” excluding Exhibits 8-2 and 8-4); 9 (9.3-9.11 up to “Contract Law”); 10 (10.3-10.14 up to “Resolving Coverage Disputes”); and 11 (11.12 from “Common Policy Provisions” through 11.29, excluding Exhibits 11-5 through 11-12 and 11-14 through 11-17).

Walters, M.A., “Catastrophe Ratemaking, ” CAS Study Note, 2007, excluding the appendices.

These are SIGNIFICANT changes to CAS exam 5 syllabus.

Changes To The 2008 Study Manual
  Changes to the Summary of "Ratemaking".
  Changes to the Summary of "Risk Classification".
  Changes to the Summary of "The Compliment of Credibility".
  Changes to the Summary of "Homeowners Insurance to Value - An Update.
  Updated current syllabus page references in the solutions section to prior CAS exam questions.
  Typographical and Spelling Error Corrections
Corrections to solutions to select CAS exam questions

Links to excerpts from the manual are given below. Print out the content and then compare our summarizations within these excerpts to the corresponding pages from the syllabus readings. These excerpts are fair representations of the quality you can expect from all our articles and solutions to past CAS exam questions.

Exam 5 Study Manual Excerpts "Ratemaking" (pdf) - Foundations of the CAS; McClenahan, C.L.

Solutions to Past CAS Questions 2001 - Exam 6 - Solution to question 41 (pdf).

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