Exam case studies

Integrated, exam-style cases for the SOA and CAS credential tracks. Each case gives you a scenario with data, six multiple-choice items and two written-response questions graded against a rubric. Results feed your exam progress.

ASA

SOA

FAM

Pricing and Reserving a 10-Year Level Term Product

Build a select mortality table, price a 10-year term policy, and hold net premium reserves.

6 MC · 2 written · 17 points

SOA

SRM

Fitting a Poisson GLM to Territory / Vehicle-Age Claim Frequency

Fit a log-link Poisson GLM to a small personal-auto rating grid, interpret coefficients, and use deviance to test significance.

6 MC · 2 written · 18 points

FSA

SOA

ILA LAM

QFI QF

Universal Life Account Value Projection and Asset-Liability Duration Gap

Project a UL account value roll-forward under a credited-rate scenario, then quantify surplus sensitivity to a parallel rate shock using duration and convexity.

6 MC · 2 written · 18 points

SOA

ERM

Aggregating Economic Capital Across Three Lines with VaR and TVaR

Aggregate correlated Life, Annuity and General Insurance loss distributions via simulation, compare VaR/TVaR at multiple confidence levels, and make a risk-appetite decision.

6 MC · 2 written · 18 points

ACAS

CAS

Exam 5

Workers' Compensation Ratemaking and Reserving from a Real Schedule P Triangle

Develop a real Allstate Ins Co Grp workers' compensation paid-loss triangle to ultimate via the chain-ladder method, then use the resulting loss ratios to indicate a rate change.

6 MC · 2 written · 18 points

FCAS

Reserve Variability (Mack) and an Excess-of-Loss Retention Decision

Quantify reserve uncertainty on a real workers' compensation paid triangle with the Mack model, set a risk margin, and choose a per-occurrence retention for a large account using limited expected values.

6 MC · 2 written · 22 points