CAS Exam 8Advanced Ratemaking
Fellowship (FCAS)
4 hours·25 written-answer items·≈450 study hoursWhat is officially available
The CAS publishes past exam papers, examiner's reports (model solutions with common errors) and pass marks for its upper-level exams. Actuarium does not reproduce copyrighted papers; use the official archive below and the practice set on this page, which is original and written in the same style.
Sittings worth mining
2012–2019
Classic Table M and ILF computations; examiner's reports show expected precision.
2020–2025
More GLM-monograph and reinsurance pricing questions; less on older readings that were dropped.
Recurring question patterns
- Full retrospective premium computation with Table M charges/savings.
- NCCI experience modification with split of primary and excess losses.
- Layer pricing from ILFs, including the leveraged effect of trend.
- GLM interpretation: read a coefficient table, compute a relativity, critique a model design choice.
The practice tab reproduces these patterns with original numbers — work a pattern here, then confirm against the official paper.