CAS Exam 5

Prepare for your first upper-level CAS exam with an industry-leading expert using Rising Fellow. Our online course and study materials are created to help you better understand the syllabus material and practice hundreds of problems so that you’re ready on exam day.

CAS Exam 5 Online Course

[2025 Sitting] The course is fully up-to-date for the Spring 2025 sitting.

Get everything you need to prepare for Exam 5. Includes access through the exam with unlimited retakes. Start today with a Free Trial.

Exam 5 Online Course

  • Comprehensive study guide and extensive video lessons
  • Exam 5 Cookbook with 60 recipes to calculation problems
  • Hundreds of practice problems (Excel format)
  • Two original practice exams
  • Excel workbooks of the textbook case studies
  • Flashcards
  • Mobile learning app (iOS / Android)
  • Course forum with support from FCAS instructors

Buy Now for $1,195

Exam 5 Cookbook

While most students prefer our full online course that includes all the study materials, you can purchase the stand-alone Exam 5 Cookbook from the course to study on your own. Includes access through the exam with one free extension.

Exam 5 Cookbook

  • 60 step-by-step recipes to calculation problems
  • Excel CBT version of each recipe
  • Expanded discussion to add clarity
  • CBT spreadsheet tips
  • Extras: Summary of Formulas

Buy Now for $295

Learn from an Industry-Leading Expert

Geoff Werner is an FCAS with over 30 years of experience focused on insurance pricing and product innovation. He has held executive-level positions at a top 10 US insurer, two global consulting firms, and a leading telematics service provider. He has extensive experience training clients on actuarial topics, predictive modeling software, telematics, etc. Geoff co-authored Basic Ratemaking, the ratemaking textbook on CAS Exam 5.
Geoff teaches the ratemaking half of the Exam 5 Online Course and Michael McPhail teaches the reserving half.

Explore Samples From The Online Course

We know you want the best possible study materials, so check out the free samples from the course below or get started today with a free trial to see if it’s right for you.

Video Lessons

Ratemaking – Ch. 16

Reserving – Ch. 13

Study Materials

Study Guide Excerpt

Cookbook – PDF Excerpt

Cookbook – Excel Excerpt

Werner-Modlin – Appendix A

Practice Problems

Problems – Ratemaking Ch. 6

Problems – Reserving Ch. 11

Benefits of Preparing for Exam 5 with Rising Fellow

Practice More Problems

Rising Fellow’s Exam 5 course offers 250+ practice problems, including past CAS problems and practice exams so you can be as prepared as possible for exam day.

Break Down Problems Step-by-Step

Unique to Rising Fellow, the Exam 5 Cookbook has 60+ step-by-step recipes to show you how to solve calculation problems without wasting valuable exam time. Expanded discussion adds context to help you prepare for those creative CAS problems.

Guide Your Studying

The comprehensive study guide and video lessons help you learn the material along with plenty of worked examples. Video solutions to select problems will help you better understand how to apply syllabus concepts to solve more challenging exam problems.

Get Exam-Day Ready

Prepare for exam day with two original practice exams and past CAS problems from the 2015-2019 exams, all in Excel CBT format. CAS problems include detailed solutions to help you identify your weak points and see how to solve exam problems in the CBT format.

Get Responsive Instructor Support

Rising Fellow stands behind their dedicated FCAS instructor support. We’re available to answer questions you may have as you study for the exam to improve your understanding of the material.

Have Peace of Mind

We get that sometimes life doesn’t go according to plan. Don’t worry if you end up unable to take the exam at the sitting you thought you would — Rising Fellow offers unlimited retakes and updates of the online course until you pass.

What Our Students Are Saying

I went from 6's and 7's on earlier exams to a 9 on Exam 5

I used the Exam 5 Cookbook and it was a game-changer for finally understanding some of the difficult concepts. I was unable to grasp a critically important section of the material prior to using the cookbook. In addition, Steve and the team were super responsive whenever I had a question, which was very helpful for my study style. I went from 6’s and 7’s on earlier exams to a 9 on exam 5 due to the cookbook. I highly recommend the Rising Fellow materials for this exam!

I highly recommend the online course to improve the chances of passing Exam 5

The Course and the Cookbook for Exam 5 helped me succeed with the exam. The course helped me understand in-depth both the basic reserving and basic ratemaking, and provide the “core” foundation of how to fully understand the different methods, instead of just memorizing formulas. The team are always quick, effective, and patient to respond to questions and I always felt welcome and treated professionally. All in all, I highly recommend the online course, or at least the Cookbook, to improve the chances of passing the exam.

Read student testimonials

Frequently Asked Questions

Of course. Start a free trial to see the full course and start studying for the exam. Or, get started with some of our Exam 5 samples.  

The Exam 5 Online Course comes with access through the upcoming exam sitting with unlimited retakes until you pass.

Exam 5 supplements come with access through the upcoming exam sitting with one free extension.

Yes! The exam supplements includes unlimited retakes to the updated course until you pass. The exam supplements include one free extension. See our Information page to request an extension if you’re retaking the exam.

We update the study materials each year to make improvements and ensure they are up-to-date with the latest CAS exam syllabus. When you purchase or retake the exam, you’ll always have access to the most up-to-date study material.

Yes. If you purchase the course and then find out you didn’t pass the last exam, just send us an email through our Contact page. We will pause your new course subscription until the next sitting that you’re able to take the exam. When you’re ready to sit for the new exam, we’ll un-pause your subscription. Remember, you have unlimited retakes with the full exam online course.

 

Yes. The Exam 5 study materials are downloadable files (PDFs and Excel workbooks) so you can download or print a personal copy to study however and wherever you prefer.

 

The flashcards are available as digital Anki flashcard decks and downloadable PDFs (both as individual flashcards by paper and a printable front/back version). Anki is one of the best spaced-repetition flashcard platforms available. You can study flashcards through the free desktop app, an online web application or with their iOS or Android apps (the iOS app has a one-time fee). 

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The first step to passing CAS Exam 5 is studying with Rising Fellow

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