Examinations
Exam P primarily tests this topic.
What is probability?
CAS stands for this.
What is the Casualty Actuarial Society?
This distribution is tall in the middle and symmetrical on both sides.
What is the normal distribution?
Insurance that covers medical bills and often prescription drugs.
What is health insurance?
A three-sided polygon.
What is a triangle?
Exam FM focuses on this topic.
What is financial mathematics?
The CAS primarily focuses on this type of insurance.
What is Property & Casualty (P&C) insurance?
This distribution is flat, where every value has the same probability.
What is the uniform distribution?
Insurance that pays for damage to your car from collisions or accidents.
What is auto insurance?
A polygon with eight sides.
What is an octagon?
The society that administers Exams P, FM, FAM, ALTAM, ASTAM, and PA.
What is the SOA?
The name of the first exam in the CAS series.
What is Exam 1?
This distribution has a big spike at 0, then decreases quickly.
What is the exponential distribution?
Provides financial protection in case of crop failure or livestock loss.
What is crop insurance?
A quadrilateral with all sides equal but angles not necessarily 90°.
What is a rhombus?
The credential you earn after completing the preliminary exams and required courses on the CAS track.
What is ACAS?
CAS members often analyze this type of risk to determine pricing for natural disasters like hurricanes or earthquakes.
What is catastrophe risk (CAT risk)?
This distribution models the total time until several events happen.
What is the gamma distribution?
Protects against losses from hacking, data breaches, or cyberattacks.
What is cyber insurance?
A triangle with two equal sides.
What is a scalene triangle?
The credential you earn after completing every requirement on the SOA track.
What is FSA?
The CAS was founded in this country in 1914 to advance the actuarial profession.
What is the United States?
The Beta distribution is defined on this interval.
What is the interval from 0 to 1?
Coverage for bodily harm caused by extraterrestrial encounters.
What is alien abduction insurance?
The number of sides on a Möbius strip.
What is one?