What Is the Casualty Actuarial Society?

The Casualty Actuarial Society (CAS) is a professional society of actuaries, and the accrediting body for the Associate of the Casualty Actuarial Society (ACAS) and the Fellow of the Casualty Actuarial Society (FCAS) designations.

Understanding the Casualty Actuarial Society

The Casualty Actuarial Society (CAS) requires all candidates to qualify through a series of rigorous actuarial exams, covering all aspects of actuarial practice including mathematics, finance, economics, insurance, enterprise risk management, and actuarial science.

Successful completion of (or credit for) exams one through seven and attendance at the CAS Course on Professionalism satisfy the education requirements for associateship. Satisfactory completion of (or credit for) all nine exams is required for fellowship, the highest distinction a member can receive.

Formed in 1914, the organization began with 97 charter members. CAS emerged as a result of discrepancies that arose between sickness, disability, and casualty insurance related to workers' compensation, and traditional life insurance. The more than 9,100 CAS members are employed by reinsurance companies, insurance companies, educational institutions, insurance brokers, state insurance departments, rate making organizations, non-traditional employers, independent consulting firms, and the federal government.