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Old 01-04-2017, 02:40 PM
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Ryan54673 Ryan54673 is offline
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Default New ACAS Exam (Replaces Exam C/4)

Looks like we'll need to split out another forum!

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01/04/2017 —

New Exams to be Offered Beginning in Spring 2018

The CAS Board of Directors has approved revisions to the organization’s credentialing requirements effective in 2018, with the creation of two new exams. The new exams, which are intended to address the emerging needs of future actuaries and their employers, will be called Modern Actuarial Statistics I and II (MAS-I and MAS-II).

MAS-I is largely a modification of current CAS Exam S, which it will replace when it is first offered in the spring of 2018. MAS-II will replace the current CAS Exam 4 requirement that is typically fulfilled by most candidates through completion of SOA Exam C, which is being discontinued. MAS-II will cover several topics from Exam C, along with new statistics and predictive analytics material, and will first be offered in the fall of 2018.

The discontinuation of Exam C provided an opportunity for the CAS to create a replacement exam that focuses on the modern statistics that actuaries are increasingly using. This will enhance the relevance of the CAS exam syllabus with respect to emerging statistical and analytics skills, with minimal changes to the overall exam structure.

“The CAS has a duty to the actuarial profession to help ensure that future actuaries are prepared to address the challenges of our changing world,” said Nancy Braithwaite, CAS President. “With our new exams, we are demonstrating our commitment to providing education that is uniquely relevant to property and casualty actuaries so that we continue to meet the needs of our employers and principals.”

Both MAS-I and MAS-II will be four-hour exams resulting in virtually no net increase in exam hours required for CAS credentials. The exams will be offered every six months as multiple-choice paper-and-pencil exams, in the same general windows in the spring and fall in which other CAS exams are offered.

The transition rules allow candidates with credit for Exam S achieved through an examination administered prior to January 1, 2018 to receive credit for MAS-I. Candidates with credit for SOA Exam C achieved through an examination administered prior to July 1, 2018 will receive credit for MAS-II.
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Old 01-04-2017, 03:29 PM
Dr T Non-Fan Dr T Non-Fan is offline
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I still prefer numbers to complicated abbreviations.
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Old 01-04-2017, 03:49 PM
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Well . . . the new Exams do have a 1 and a 2 . . .
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Old 01-04-2017, 03:51 PM
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Originally Posted by Dr T Non-Fan View Post
I still prefer numbers to complicated abbreviations.
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Old 01-04-2017, 05:09 PM
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This was a perfect opportunity to renumber the exams 1-10, and the CAS blew it again. Are the old school actuaries going to now say that 3F+MAS-I = 1 exam?
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Old 01-04-2017, 05:57 PM
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Originally Posted by OnLevel View Post
This was a perfect opportunity to renumber the exams 1-10, and the CAS blew it again. Are the old school actuaries going to now say that 3F+MAS-I = 1 exam?
They would have to move 5,6,7,8,9 by 1, which would be very confusing.
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Old 01-04-2017, 06:16 PM
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They would have to move 5,6,7,8,9 by 1, which would be very confusing.
Confusing how?
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Old 01-04-2017, 06:27 PM
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therealsylvos therealsylvos is offline
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It would be slightly confusing, but worth it. We'd have to call it Exam 7 (former Exam 6) etc.
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Old 01-04-2017, 06:40 PM
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Originally Posted by therealsylvos View Post
It would be slightly confusing, but worth it. We'd have to call it Exam 7 (former Exam 6) etc.
You mean Exam 7 (former Exam 6 [old Part 7U]).

What is that called? Status quo ante?
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Old 01-04-2017, 07:19 PM
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them "emerging analytics skills"
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