Syllabus information, registration details and more can be found on the exam/requirement home pages. Doesnt feel like a good place to be 2 days before the exam Learn everything you need to know about attaining the ASA and FSA designations and the CERA credential. Part 1 will cover the following areas of the exam: Set Theory, Sample Spaces and Probability Spaces; Basic Probability Theory Exam P (SOA)/ Exam 1 (CAS) Exam P/1 (Probability) is a three-hour multiple-choice examination covering calculus-based probability and statistics. Exam 1 Probability Exam 1 is a three-hour, multiple-choice examination that is administered by Preliminary Actuarial Examinations/SOA and is identical to SOA Exam P. The examination is jointly sponsored and administered by the CAS, SOA, and the Canadian Institute of Actuaries (CIA). Whether you are writing with the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS), this course is for you. No matter which actuarial practice area a person decides to enter, future actuarial education will depend on mastery of the preliminary exams. SOA exam CAS exam Exam title Exam topics Format Tests per year Pass/fail estimate P: 1: Probability: Law of total probability, Bayes' theorem, basic counting, common discrete and continuous distributions, univariate and multivariate distributions, order statistics, transformation of distributions, conditional expectation, variance and covariance, basic knowledge of insurance and risk management While the SOA has recently created exams to cover this area of insurance, the CAS is still the dominant organization in this area from the eyes of employers. Many of the problems on this exam are set as word problems involving risk. CAS Exam 1 – Probability. Casualty Actuarial Society (CAS) The Casualty Actuarial Society is focused only on property and casualty insurance, and is the main society for this in North America. Additionally, they will have a familiarity with the primary functional areas of an insurer. In addition to the class, students should plan on preparing an additional 150+ hours if they wish to successfully pass CAS Exam 1. Experience an interactive guide through the SOA's Education requirements. Your decision on the body to go with depends on the type of actuary you wish to become. Probability Exam (SOA Exam P): May be used to obtain Exam 1 credit with the CAS. Exams & Requirements Pathway to Membership . CAS Exam 1 exam aims to develop knowledge of the fundamental probability tools for quantitatively assessing risk. I keep finding myself on this sub everytime my exam anxiety gets too intense. I have P on Tuesday and its my second attempt. Credit is earned by students passing the Society of Actuary Exam P. Exam 2 (Interest Theory) This exam covers interest theory and introductory financial mathematics. Lastly, they will have an understanding of actuarial data management and the actuarial data quality standards that apply. I was 1 from passing in the fall and felt super prepared going into this sitting but damn did that just knock me on my ass. As a life actuary, you’ll have to write your exams under SOA and CAS if you go the non-life route. The required courses provide foundational knowledge in key areas of traditional risk management, as well as enterprise risk management. We aren't allowed to talk specifics until after 5 PM eastern, but damn that was a hard exam. Individual Actuarial Exams. Similar preparation is required for the other exams. I don't know what the CAS is thinking but I will feel lucky if I passed. The exam consists of three hours of multiple-choice questions. Actuarial Exams. You can take your actuarial exams under any of the two bodies – the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). 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