CAS Changes

Learn everything you need to know about the CAS 2018 ACAS Requirement Changes, all in one place.

Transition Overview

The CAS introduced two new exams in response to the expected SOA changes. We've summarized the key information below. You can learn more about the announcement itself here, and get even more details about the new exams with this FAQ document.

New Exams

  •  MAS-I

    First Sitting May 7, 2018

    • Exam Length: 4 hours, 45 multiple-choice questions
    • Exam Format: Paper-and-pencil, may change to CBT as exam matures
    • Exam Content: Similar to the old Exam S, with more emphasis on applied modeling and deeper coverage of generalized linear models
    • View the Syllabus at the CAS Website
    • Get Study Tools
  •  MAS-II

    First Sitting in Fall 2018

    • Exam Length: 4 hours, 35-40 multiple-choice questions
    • Exam Format: Paper-and-pencil, may change to CBT as exam matures
    • Exam Content: Will include credibility theory topics from SOA Exam C, but also include advanced statistics topics
    • View the Syllabus at the CAS Website
    • Passing MAS-I is not a formal prerequisite for taking MAS-II, but MAS-II will presume mastery of MAS-I material

Transition Rules

Please refer to Question 10 on the FAQ document for information about the transition rules, particular between S/C and MAS-I/MAS-II.

Note the following:

  • The CAS will continue to accept P, FM, and MFE (which will become IFM after 7/1/2018) for Exams 1, 2 and 3F credits.
  • Taking S before 1/1/2018 (and passing) would give you credit for MAS-I, even if the official results are released after 1/1/2018.
  • Taking C before 7/1/2018 (and passing) would give you credit for MAS-II, even if the official results are released after 7/1/2018.
  • When C is terminated and replaced with STAM (after 7/1/2018), the CAS will no longer accept STAM for Exam 4 credit.
  • Only VEE Economics (both Macroeconomics and Microeconomics) and Corporate Finance are needed. VEE Applied Statistics is no longer needed since S was introduced.