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The Challenge



Study Manuals and Guides

Time Management Schedules

Past CAS Questions (in Excel)
Solutions (in Google Sheets)
CAS Examiner Reports

Prep Tests


Exam Preparation Tools to Assist in Achieve a Passing Score

CAS Exam 5: October 23, 2024 - October 30, 2024



The challenge: Achieving a passing score, due to the unpredictability of the CAS Effective Pass Ratio.

CAS Effective Pass Ratios:
  • Spring 2023:      49.5%
  • Fall 2022:          36.8%
  • Spring 2022:     40.6%
  • Fall 2021:           33.6%
  • Spring 2021:     50.9%

    • Study Materials in Spreadsheet format
    Now that the CAS is administering its exams in a computer based testing environment with Pearson VUE, you MUST prepare by working in a similar environment, (i.e. MS EXCEL).

    To pass CAS Exam 5, you'll need to focus on articles most likely to be examined and work on questions in Excel on a consistent basis.

    Further, your ability to comprehend the material is a function of:
  • How well the syllabus readings are summarized
  • How quickly you can focus on the key material to be examined.

    To that end, you'll find our study manuals to be comprehensive and our study guides to keep you on track. We'll also advise you on what articles are more likely to be examined based on the Fall 2019 and prior exams.

    For most, success is contingent upon adhering to a 300+ hour time management schedule and working and completing hundreds of questions in Excel. Your commitment to both will produce the confidence and competence you need prior to taking the May exam.

    Make a commitment to using our program over the course of your study, and you'll be working close to 400 past CAS questions in Excel and deepening your knowledge of the material through study of over 1200 instructional solutions and guidance from 350 Examiner Reports.

    You'll learn how to develop sufficient and efficient full credit solutions.

    Finally, you'll have access to three syllabus section based Preparatory Tests and One Overall Practice Exam, comprising 73 questions totaling over 250 points in spreadsheet format.

    Click here to see how our questions and solutions were designed.

    Solutions to past CAS questions are hosted on Google Drive and are view only. To view the Solutions in Google Sheets you must have a Gmail account. If you do not have one, the sign up process is simple.

    Click here to create a gmail account.

    Click the Free Preview button to download sample materials from this course.
    • Purchase Now

    Study Program Components

    Study Manuals, Study Guides, Time Management Schedules, Past CAS Questions and Solutions in Spreadsheet Format, and Practice Tests in Excel

    • Study Manuals summarizing the syllabus readings in just over 500 pages.
      This represents just under a 50% reduction to the over 950 page syllabus.

    • Downloadable time management schedules tracking your time on weekly and by article bases are indispensable.

    • Study Guides for each syllabus reading highlight key concepts to focus on

    • Approximately 400 past CAS questions, over 1200 instructional solutions in Spreadsheet format and over 350 CAS Examiner Reports

    • Three Preparatory Exams comprising 73 questions in total. Approximately 24 questions totaling over 83 points per exam in spreadsheet format.

    Course curriculum

    1. 1

      • Preparing for CAS Exam 5
    2. 2

      • Recommended Reading and Time Management Schedule
    3. 3

      • Question Management Spreadsheet
    4. 4

      • Course Updates and Announcements - as of 5/4/2022
    5. 5
    6. 6

      • Chapter 1: Introduction

      • Chapter 1 - Introduction - Article Summary

      • Chapter 1 Questions ( in Excel)

      • Chapter 1 - Terms, Equations, Exercises (in Excel)

      • Chapter 3: Ratemaking Data

      • Chapter 3 - Ratemaking Data - Article Summary

      • Chapter 3 Questions ( in Excel)

      • Chapter 3 - Databases - Computational Exercises (in Excel)

      • Chapter 4: Exposures

      • Chapter 4: Exposures - Article Summary

      • Chapter 4 Questions ( in Excel)

      • Chapter 4 - Calculations - CY and PY - Written and Earned Exposures - in Excel

      • Chapter 5: Premium

      • Chapter 5: Premium - Article Summary

      • Chapter 5 Questions ( in Excel)

      • Chapter 5 -Computational Exercises - in Excel and Graphs

      • Chapter 6: Losses and LAE

      • Chapter 6: Losses and LAE - Article Summary

      • Chapter 6 - Computational Exercises (in Excel) and Graphs

      • Chapter 6 Questions ( in Excel)

      • Chapter 7: Other Expenses and Profit

      • Chapter 7: Other Expenses and Profit - Article Summary

      • Chapter 7 - Computational Exercises (in Excel)

      • Chapter 7 Questions ( in Excel)

      • Chapter 8: Overall Indication

      • Chapter 8: Overall Indication - Article Summary

      • Chapter 8 - Computational Exercises (in Excel)

      • Chapter 8 Questions ( in Excel)

      • Statement of Principles Regarding P&C Insurance Ratemaking

      • SOP: Ratemaking - Article Summary

      • Actuarial Standard No. 13 - Trending Procedures

      • ASOP 13 - Trending Procedures - Article Summary

      • Actuarial Standard of Practice No. 12 - Risk Classification

      • ASOP 12 - Risk Classification - Article Summary

      • Chapter 9: Traditional Risk Classification + Appendix E

      • Chapter 9: Risk Classification + App E - Article Summary

      • Chapter 9 Questions ( in Excel)

      • Chapter 10: Multivariate Classification + App F

      • Chapter 10: Multivariate Classification + App F - Article Summary

      • Chapter 10 Questions ( in Excel)

      • Chapter 11: Special Classification

      • Chapter 11: Special Classification - Article Summary

      • Chapter 11 Questions ( in Excel)

      • Chapter 12: Credibility

      • Chapter 12: Credibility - Article Summary

      • Chapter 12 Questions ( in Excel)

      • Chapter 13: Other Considerations

      • Chapter 13: Other Considerations - Article Summary

      • Chapter 13 Questions ( in Excel)

      • Chapter 14: Implementation

      • Chapter 14: Implementation - Article Summary

      • Chapter 14 Questions ( in Excel)

      • Chapter 15: Commercial Lines Rating Mechanisms

      • Chapter 15: Commercial Lines Rating - Article Summary

      • Chapter 15 Questions ( in Excel)

      • Chapter 16: Claims Made Ratemaking

      • Chapter 16: Claims Made Ratemaking - Article Summary

      • Chapter 16 Questions ( in Excel)

      • Appendix A: Auto Indication

      • Appendix A: Auto Indication - Article Summary

      • Appendix A Questions ( in Excel)

      • Appendix B: Homeowners Indication

      • Appendix B: HO - Article Summary

      • Appendix B Questions ( in Excel)

      • Appendix C: Medical Malpractice Indication

      • App C: Med Mal - Article Summary

      • Appendix C Questions ( in Excel)

      • Appendix D: Workers Compensation Indication

      • App D: WC - Article Summary
    7. 7

      • Chapter 1 - Overview

      • Chapter 1 - Overview - Article Summary

      • Chapter 1 Questions ( in Excel)

      • Chapter 2 - The Claims Process

      • Chapter 2 - The Claims Process

      • Chapter 2 - The Claims Process - Article Summary

      • Statement of Principles - Unpaid Claim Estimates

      • Stmt of Principles - Unpaid Claim Estimates - Article Summary

      • ASOP 43 - P&C Unpaid Claim Estimates

      • ASOP 43 - P&C Unpaid Claim Estimates - Article Summary
    8. 8

      • Chapter 3 - Understanding the Types of Data Used

      • C3 - Data Types - Article Summary

      • Chapter 3 Questions ( in Excel)

      • Chapter 4 - Meeting with Management

      • C4 - Meeting with Management - Article Summary

      • Chapter 5 - The Development Triangle

      • C5 - The Development Triangle - Article Summary

      • Chapter 5 Questions ( in Excel)

      • Chapter 6 - Development Triangle as a Diagnostic Tool

      • C6 - Development Triangle as a Diagnostic Tool - Article Summary

      • Chapter 6 Questions ( in Excel)
    9. 9

      • Chapter 7 - Development Technique

      • C7 - Development Technique - Article Summary

      • Chapter 7 Questions ( in Excel)

      • Chapter 8 - Expected Claims Technique

      • C8 - Expected Claims Technique - Article Summary

      • Chapter 8 Questions ( in Excel)

      • Chapter 9 - Bornhuetter-Ferguson Technique

      • C9 - BF Technique - Article Summary

      • Chapter 9 Questions ( in Excel)

      • Chapter 10 - Cape Cod Technique

      • C10 - Cape Cod Technique - Article Summary

      • Chapter 10 Questions ( in Excel)

      • Chapter 11 - Frequency-Severity Techniques

      • C11 - Freq-Sev Techniques - Article Summary

      • Chapter 11 Questions ( in Excel)

      • Chapter 12 - Case Outstanding Development Technique

      • C12 - Case O/S Development Technique - Article Summary

      • Chapter 12 Questions ( in Excel)

      • Chapter 13 - Berquist-Sherman Techniques

      • C13 - Berquist-Sherman Techniques - Article Summary

      • Chapter 13 Questions ( in Excel)

      • Chapter 14 - Recoveries: Salvage &Subrogation and Reinsurance

      • C14 - S&S and Reinsurance - Article Summary

      • Chapter 14 Questions ( in Excel)

      • Chapter 15 - Evaluation of Techniques

      • C15 - Evaluation of Techniques - Article Summary

      • Chapter 15 Questions - Part 1 ( in Excel)

      • Chapter 15 Questions - Part 2 ( in Excel)
    10. 10

      • Chapter 16 - Estimating Unpaid Claim Adjustment Expenses

      • C16 - Estimating Unpaid Claim Adjustment Expenses - Article Summary

      • Chapter 16 Questions ( in Excel)

      • Chapter 17 - Estimating Unpaid Unallocated Claim Adjustment Expenses

      • C17 - Estimating Unpaid Unallocated Claim Adjustment Expenses - Article Summary

      • Chapter 17 Questions ( in Excel)
    11. 11

      • Practice Exams

      • Practice Exam 1

      • Practice Exam 2

      • Practice Exam 3