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CAS Casualty Actuarial Society VIP Practice Exam
CAS — The Casualty Actuarial Society (CAS) administers a series of credentialing exams leading to ACAS and FCAS designations; this practice exam mirrors the content and difficulty of CAS Exam 5 (Basic Techniques for Ratemaking and Estimating Claim Liabilities), a 4-hour written exam covering loss development, ratemaking, trending, and credibility theory.
29
Questions
240m
Time Limit
75.00%
To Pass
Question 1 of 29👑 VIP
An actuary is computing the pure premium indication using the following data for a personal auto liability line: Earned Exposure = 12,500 car-years; Developed and Trended Ultimate Losses = $3,750,000; Fixed Expense per Unit = $18.00; Variable Expense % = 22%; Target Profit % = 5%. What is the indicated pure premium rate per car-year?
Questions 2–29 and full explanations are VIP-exclusive.