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CAS Property & Casualty Predictive Analytics Exam

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Can You Take the CAS PCPA Exam?

Check if you meet the basic eligibility requirements

Age
Education
No formal degree requirement is stated by the CAS
Additional Requirements
  • MAS-II is strongly recommended for the underlying statistical material
  • Both the PCPA Exam and the PCPA Project are required for the new ACAS predictive-analytics requirement effective January 1, 2026

CAS PCPA Quick Facts

Exam Provider

Casualty Actuarial Society (CAS)

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Total Cost Breakdown

Exam FeeApproximately $700-900 for the PCPA Exam
Total Estimated Cost~$700-900 for the Exam plus a separate ~$700-900 for the Project component
Why Choose Us

Free CAS PCPA Prep Tools

100 Practice Questions

Cover all seven PCPA Exam topic areas with weighted emphasis on GLMs, tree-based models, validation, and ethics.

2026 ACAS Requirement

Built around the new CAS PCPA requirement effective January 1, 2026 — Exam + separate Project pathway.

GLM & ML Focused

Heavy coverage of Tweedie, Poisson frequency, Gamma severity, Random Forest, XGBoost, lift charts, and SHAP.

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What You'll Study

9 chapters covering the exam topics in this guide

CAS PCPA Exam Details

CAS Property & Casualty Predictive Analytics Exam

Administered by Casualty Actuarial Society (CAS)

Official Source
Scaled cut score set by CAS for each sitting
Passing Score
Multiple-choice
Questions
Approximately
Hours
Approximately $700-900 for the PCPA Exam, plus a separate ~$700-900 for the PCPA Project
Exam Fee
Study time: 150-300 hrs
Prerequisites: MAS-II strongly recommended for the underlying statistics; PCPA Exam must be passed before registering for the PCPA Project

Exam Content Breakdown

Based on the official Casualty Actuarial Society (CAS) content outline

Data Preparation & Exploratory Data Analysis15%

Missing-data mechanisms, imputation, outlier detection, transformations, winsorization, and exposure measures.

GLM Modeling for P&C25%

Tweedie pure premium, Poisson frequency with log-exposure offset, Gamma severity, link functions, deviance, AIC/BIC.

Tree-Based Models for P&C Pricing15%

Random Forest and XGBoost hyperparameters, variable importance, monotonic constraints for regulatory defensibility.

Model Validation15%

Train/validation/test splits, k-fold and stratified cross-validation, lift charts, double lift, Gini, ROC/AUC, residual diagnostics.

Variable Selection & Interactions10%

Stepwise, LASSO, Ridge, Elastic Net, PCA, embeddings for high-cardinality categoricals, and interaction terms.

Communication of Results10%

Executive summaries, waterfall plots, partial dependence and ICE plots, SHAP values, and ASOP 41 documentation.

Ethics & Bias in P&C Predictive Models10%

NAIC AI Bulletin, Colorado SB 21-169, NY DFS Circular 7, proxy discrimination, disparate impact, and ASOPs 12/23/41/56.

What's Included

9 Chapters

Complete exam coverage

Practice Quizzes

With detailed explanations

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What's Next After the CAS PCPA?

After passing the CAS PCPA, you can pursue these career paths

CAS PCPA Exam FAQ

Official Casualty Actuarial Society (CAS) Resources

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