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Exemptions for students of the Casualty Actuarial Society

If you have passed Casualty Actuarial Society exams from 2008 onwards we can grant exemptions from some of our exams

Applications from individuals from other actuarial associations that we have agreements with, for subjects passed before 31 December 2018 will be considered. Individuals will have until 31 December 2022 to claim their exemption.

Details of examinations exemptions from the period 1 January 2019 to December 31 2021 will be published on the webpages below once finalised. 

From 1 January 2023 onwards the IFoA will not be accepting any applications for exemptions from Casualty Actuarial Society.

Please ensure that your CAS exams are converted to their current syllabus before applying to us for exemption.

Casualty Actuarial Society IFoA Fellowship exemptions
Exam 1 - Probability, and VEE - Applied statistical methods CT3 - Probability and mathematical statistics
Exam 2 - Financial mathematics CT1 - Financial mathematics
VEE - Corporate finance CT2 - Finance and financial reporting
Exams 3L - Corporate finance, and Exam 4 - Construction and evaluation of actuarial models
(Exemptions are not given for these exams individually. You must have passed both exams.)
CT4 - Models, and CT5 - Contingencies
VEE - Economics CT7 - Business economics
Exam 3F - Financial economics CT8 - Financial economics
Exam 5 - Basic techniques for ratemaking and estimating claim liabilities CT6 - Statistical methods
Exam 7 - Estimation of policy liabilities, Insurance company valuation and Enterprise risk management, and Exam 8 - Advanced ratemaking
(Exemptions are not given for these exams individually. You must have passed both exams.)
ST7 - General insurance: Reserving and capital modelling, and ST8 - General insurance: Pricing

If you passed any of the above CAS exams before 2008

Please contact our Education Services Team with details of the exams and the dates on which they were passed. We can then give you more details on the exemptions that you can claim.

If you passed a CAS exam which does not appear on the above list before 2008

Please contact our Education Services Team with details of the exams and the exact dates on which they were passed. We can then give you more details on the exemptions that you can claim.

Further details of CAS exams

For further details of CAS exams, conversion of CAS exams to the current CAS syllabus, or the conversion of our exams to CAS please visit the CAS website.

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Member Services Team

memberservices@actuaries.org.uk

Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD

+44 1865 268207

We aim to respond to all enquiries within two working days.

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