CAS VEEValidation by Educational Experience
Syllabus learning objectives
Paraphrased from the CAS syllabus so the study-plan builder and practice sets track the topics you will actually be examined on. Weights are the official topic ranges.
Accounting & finance
- Interpret basic financial statements (balance sheet, income statement, cash flow statement).
- Apply time value of money and capital budgeting techniques (NPV, IRR) to investment decisions.
- Compute and interpret key financial ratios used to assess corporate performance and leverage.
- Describe basic corporate finance concepts including capital structure and cost of capital.
Economics
- Apply supply and demand analysis to determine market equilibrium price and quantity.
- Describe market structures (perfect competition, monopoly, oligopoly) and their pricing implications.
- Apply macroeconomic concepts (GDP, inflation, interest rates, business cycles) to the insurance market environment.
- Assess the impact of government intervention (taxes, subsidies, regulation) on market outcomes.
Overview
VEE credit is earned through approved university courses or online providers (grade B− or better) rather than an exam. The CAS currently requires Accounting & Finance and Economics; Mathematical Statistics VEE is required by the SOA but not the CAS.
- Duration
- n/a
- Questions
- Coursework
- Style
- Transcript/certificate submission
- Credit
- Required for ACAS and ASA
Syllabus map
Key formulas
Core concepts to be comfortable with: NPV/IRR, CAPM, balance sheet and income statement linkage, supply/demand elasticity, GDP identity, monetary policy transmission.
Study strategy
Check the VEE directory before enrolling; not every course with the right title is approved.
Apply for credit as soon as you have transcripts — processing can take weeks.
Common traps
Assuming a business-school 'Insurance Finance' elective counts without checking the approved list.
Missing the minimum grade requirement.