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The FAQ addresses key reasons for the changes, offering timing in spring and fall 2018, initial multiple-choice pencil-and-paper administration, and guidance on question counts and guessing. It details syllabus topic coverage, exam frequency every six months, and how MAS-I and MAS-II differ from the current Exam S and Exam C, including transition and credibility content.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/new-cas-exams-modern-actuarial-statistics-i-and-ii-frequently-asked-questions/399088/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/new-cas-exams-modern-actuarial-statistics-i-and-ii-frequently-asked-questions/399088.png","ImageObject",300,407,{"name":92,"@type":93},"Aditya","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-02","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",13,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"Why did CAS decide to offer MAS-I and MAS-II?","Question",{"text":113,"@type":114},"CAS offers two new exams to better prepare future actuaries for emerging challenges, and to replace Exam C with a focus on modern statistics and analytics while keeping the overall exam structure largely unchanged.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"When will MAS-I and MAS-II first be offered?",{"text":118,"@type":114},"MAS-I will first be offered in spring 2018, and MAS-II will begin in fall 2018.",{"name":120,"@type":111,"acceptedAnswer":121},"How will the exams be administered at launch?",{"text":122,"@type":114},"Initially, MAS-I and MAS-II will be administered as multiple-choice pencil-and-paper exams, with possible changes to computer-based testing as the exams mature and a question bank is developed.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},399088,1790528068,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":105,"preview_page_count":4},962085564549,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","New CAS Exams: Modern Actuarial Statistics I and II Frequently Asked Questions  \nThe CAS has announced that it will create a new exam and modify a current exam, and brand these exams as Modern Actuarial Statistics I and II (MAS-I and MAS-II) .  \n􀁸 MAS-I will be nearly equivalent to current CAS Exam S and will first be offered in the spring of 2018.  \n􀁸 MAS-II will cover much of the current SOA Exam C, which is being discontinued in 2018. The new exam will add statistics and predictive analytics material, and will first be offered in the fall of 2018.  \nThis FAQ is intended to answer questions that our constituents may have about the changes to the CAS basic education requirements. If you have additional questions, please contact the Actuaries’Resource Center at the CAS Office [at](at ARC@casact.org)[ ](at ARC@casact.org)[ARC@casact.org](at ARC@casact.org).  \n1. Q: Reason for New Exams: Why has CAS decided to offer two new exams, MAS-I & MAS-II?  \nA: There is no greater duty the CAS has to the profession than to help ensure that future actuaries are prepared to meet emerging challenges and changing circumstances. That is the primary reason the CAS is revising its basic education requirements by offering these new exams: to help ensure that actuaries are better prepared for the future.  \nThere are also practical reasons for offering the two new exams. The Society of Actuaries has announced that it will discontinue offering Exam C, which most CAS candidates complete to fulfill CAS basic education requirements. The discontinuation of Exam C provides an opportunity to create a replacement exam that focuses on the modern statistics that actuaries are now using. This will increase the relevance of the CAS exam syllabus with respect to emerging statistical and analytics skills, with minimal changes to the overall exam structure.  \n2. Q: Timing: When will these two new exams first be offered?  \nA: MAS-I will first be offered in spring 2018. MAS-II will begin in fall 2018.  \n3. Q: Exam Administration: How will the new exams be administered?  \nA: Initially, these exams will be offered on a multiple-choice pencil-and-paper basis. Because they are new exams, we will not yet have a large question bank from which to randomly select questions for computer-based testing (CBT) purposes. The format may change to CBT as the exams mature and a bank of questions can be developed.  \n4. Q: Exam Format: What will be the format and number of questions on the exams?  \nA: MAS-I and MAS-II will be four-hour, multiple choice exams. The number of questions on each exam has not been finalized and may change slightly from one examination  \nsitting to the next. A general rule of thumb on multiple-choice actuarial exams is to expect about 10 questions per hour of testing. Thus, candidates can expect 35-40 questions for these four-hour exams. There will be a guessing adjustment, so it is not to the candidate’s benefit to guess at answers. These details will be further clarified on the CAS website as the first exam date gets closer.  \n5. Q: Exam Frequency: How often will these exams be offered?  \nA: MAS-I and MAS-II initially will be offered every six months (twice per year), in the same general windows in the spring and fall in which other CAS exams are offered. We believe that two offerings per year is frequent enough to result in no significant change in travel time to the ACAS credential.  \n6. Q: MAS-I and II Syllabus Topics: What are the broad topics covered on the syllabi for the two new exams?  \nA: MAS-I will cover the following topics:  \n􀁸 Probability Models (Stochastic Processes and Survival Models)  \n􀁸 Statistics  \n􀁸 Extended Linear Models  \n􀁸 Time Series with Constant Variance  \nMAS-II will cover the following topics:  \n􀁸 Introduction to Credibility  \n􀁸 Linear Mixed Models  \n􀁸 Bayesian Analysis and Markov Chain Monte Carlo  \n􀁸 Statistical Learning  \nThe complete syllabi for the exams is expected to be posted on the CAS website in early 2017.  \n7. Q: MA","cbCaihtqNf34JxNZ","https://ap.wps.com/l/cbCaihtqNf34JxNZ","pdf",359942,"English","# Reason for New Exams\n# Timing\n# Exam Administration\n# Exam Format\n# Exam Frequency\n# MAS-I and II Syllabus Topics\n# MAS-I versus Exam S\n# MAS-II versus Exam 4/C\n# MAS-II and Credibility\n# Transition Rules","[{\"question\":\"Why did CAS decide to offer MAS-I and MAS-II?\",\"answer\":\"CAS offers two new exams to better prepare future actuaries for emerging challenges, and to replace Exam C with a focus on modern statistics and analytics while keeping the overall exam structure largely unchanged.\"},{\"question\":\"When will MAS-I and MAS-II first be offered?\",\"answer\":\"MAS-I will first be offered in spring 2018, and MAS-II will begin in fall 2018.\"},{\"question\":\"How will the exams be administered at launch?\",\"answer\":\"Initially, MAS-I and MAS-II will be administered as multiple-choice pencil-and-paper exams, with possible changes to computer-based testing as the exams mature and a question bank is developed.\"}]","New CAS Exams: Modern Actuarial Statistics I and II - Frequently Asked Questions | PDF",1790492474]