Adding to Your Actuarial Toolbox - Bridging the Gap Between Actuaries and Non-Actuaries in the Insurance Space - What is The CAS Institute - credentials and exam overview

Sep 27, 2026

Uploaded by Bintang

A professional overview explains how the CAS Institute supports quantitative professionals in insurance by providing specialist credentials and resources. It introduces the institute’s focus areas, including predictive analytics/data science and catastrophe risk management, and describes offered credentials such as CSPA and catastrophe risk credentials at two levels. The document outlines assessment structure, expected rigor and time commitment, and breaks down study time and exam scope across insurance fundamentals, data concepts and visualization, and predictive modeling methods with a case study application.

LanguageEnglish

CategoryExam

FormatPDF

Pages29

Reading Time1 h 13 min

AccessFree to download

What is The CAS Institute?

What credentials are being offered?

CSPA expected rigor and time commitment

Exam 1 - Property-Casualty Insurance Fundamentals

Exam 2 - Data Concepts and Visualization

Exam 3 - Predictive Modeling - Methods and Techniques

Case Study Project: P&C Predictive Modeling Application

Adding to Your Actuarial Toolbox – Bridging the Gap Between Actuaries and Non-Actuaries in the Insurance Space Ron Kozlowski CAS Ambassador February 19, 2020 • What is The CAS Institute? • Subsidiary of the Casualty Actuarial Society • Provides specialist credentials and resources for quantitative professionals in selected areas, such as: Predictive Analytics / Data Science Catastrophe Risk Management Helping folks understand the data, modeling process and output is important. • What credentials are being offered? • Certified Specialist in Predictive Analytics (CSPA) • Catastrophe Risk Management Credentials Two Levels: • Certified Specialist in Catastrophe Risk (CSCR) • Certified Catastrophe Risk Management Professional (CCRMP) • CSPA Credential Requirements: Overview of Assessments Case Study Project: P&C Predictive Modeling Application Online Course on Ethics and Professionalism Exam 1 Property-Casualty Insurance Fundamentals Exam 2 Data Concepts and Visualization Exam 3 Predictive Modeling – Methods and Techniques • What is the Expected Rigor and Time Commitment for CSPA? 1 – 2 years • Self-paced • Less than a Masters or PhD • Open to all Study Time Per Exam • Exam 1 – 200 hours • Exam 2 – 200 hours • Exam 3 – 300 hours • Exam 1: Property-Casualty Insurance Fundamentals • Intro to Risk Management • Insurance Company Operations: Marketing, Underwriting, Auditing, Actuarial and Claims • Insurance Policy Analysis • Common Coverages • Factors Affecting Exposure to Loss • Regulation of Insurance • Basic Concepts and Functions of Ratemaking and Reserving • Exam 2: Data Concepts and Visualization • Data Sources • Data Access • Data Usage • Data Quality • Insurance Applications • Regulations • Data Tools • Exploration • Univariate Analysis • Multivariate Analysis • Visualization • Exam 3: Predictive Modeling – Methods and Techniques • Identifying the business problem • Designing the model • Preparing the data • Selecting features • How to choose a model • Interpreting the output • Sharing the output • Case Study Project: P&C Predictive Modeling Application Claims Underwriting Marketing Risk Management Pricing / Ratemaking Operational Performance

FAQs

What is The CAS Institute and what does it provide?

The CAS Institute is a subsidiary of the Casualty Actuarial Society that offers specialist credentials and resources for quantitative professionals in selected insurance areas.

Which credentials are being offered, and what are their levels?

The document lists the Certified Specialist in Predictive Analytics (CSPA) and catastrophe risk management credentials with two levels: Certified Specialist in Catastrophe Risk (CSCR) and Certified Catastrophe Risk Management Professional (CCRMP).

How much time is expected for the CSPA exams and what does each exam cover?

It states a 1–2 year self-paced commitment and study time of about 200 hours for Exam 1 and Exam 2, and 300 hours for Exam 3. Exam 1 covers property-casualty insurance fundamentals, Exam 2 covers data concepts and visualization, and Exam 3 covers predictive modeling methods and techniques.

Sep 27, 2026

Uploaded by Bintang