Twice a year around March and August, the CAS announces changes to the exam syllabus for the upcoming Fall and Spring exam sittings. Most of the changes involve adding, modifying, or removing readings from the syllabus.
When you start studying for your next actuarial exam, make sure to look at the current syllabus and the announced syllabus changes so that you know exactly what papers will be on the exam.
The final syllabus is usually released by the time exam results are announced for the prior sitting. Make sure to check the CAS site for the final syllabus. Once you have the final syllabus, I recommend checking for any changes to the following:
- Changes in Learning Objectives and Knowledge Statements
- Changes in weights by section
- Any additional changes to syllabus readings
CAS Syllabus Updates for Spring 2023
The CAS announced changes to the Spring 2023 syllabus in September. Download the memo of the changes from the CAS here:
Changes to Spring 2023 CAS Syllabus
The final syllabus for the Spring 2023 exams will be released in November 2022 and the Study Kits should be available December 2022.
Changes to Learning Objectives, Knowledge Statements and exam weights by section will show up in the final syllabus. Below are the announced changes to syllabus papers:
Exam MAS-II Syllabus Changes
There are no major changes to the Exam 9 syllabus for the Spring 2023 sitting.
MODIFIED PAPERS
- Ford, “MCMC Algorithms,” CAS Study Note, 2019 – update from version 0.7 to version 0.8
- West, Welsh, and Galecki, “Linear Mixed Models: A Practical Guide Using Stastical Software”. Candidates can use the 2nd or 3rd edition.
Exam 5 Syllabus Changes
There are no announced changes to the Exam 5 syllabus.
CAS Exam 6U Syllabus Changes
There are no announced changes to the Exam 6U syllabus.
CAS Exam 7 Syllabus Changes
DELETED PAPERS
- Patrik, “Reinsurance,” Foundations of Casualty Actuarial Science, Casualty Actuarial Society, 2001
ADDED PAPERS
- Friedland, J.F., “Reserving for Reinsurance,” CAS Study Note, 2022
CAS Exam 9 Syllabus Changes
There are no major changes to the Exam 9 syllabus for the Spring 2023 sitting.
The syllabus change memo clarified that Editions 10, 11, and 12 of BKM Investments are acceptable to use for the exam.
Final Thoughts
After you review the changes to the syllabus for your next exam, you’re probably thinking about creating a study schedule and looking for CAS exam study material to get started.
Be sure to check out the Rising Fellow online courses and supplemental study material for Exam 6, Exam 7, and Exam 9 to help you prepare for your Spring 2023 exam.