FSA Track Changes and Transition Rules for 2023 – General Insurance (GI)

Transition Rules

The changes and hour reductions are provided below. Candidates will complete the track by successfully passing all seven elements required from either the current or the new requirements columns. For example, a candidate may complete the first three rows of the current requirements and the remaining rows from the new requirements. All combinations are acceptable as long as one requirement in each row is accomplished.

There is a one-to-one transition of exam/module credits. If a candidate has credit for items in the current requirements column, that candidate has transition credit for the items in the same row of the new requirements column.

The GI track will reduce from 13.5 hours to 11.5 hours by removing material from the GI Ratemaking and Reserving exam and the GI Financial and Regulatory Environment-U.S. exam[1]. Material will be added to the Advanced Topics in General Insurance exam. The 1.5-hour Introduction to General Insurance exam is unchanged, due to NAIC requirements. Most of the reduced syllabus material moves to e-Learning modules that are being redesigned. The current e-Learning modules will make room by dropping material that is now in the ASA pathway. All material relating to the NAIC requirements will remain in the pathway.

Summary of syllabus changes:

The GI track includes three Fellowship exams: Ratemaking & Reserving (RR), Financial & Regulatory Environment (FRE-U), and Advanced Topics (ADV). 

Topics and learning outcomes have been moved from the RR and FRE-U exams to the ADV exam and modules. Modules are being redesigned to remove some existing material to accommodate the additional material coming from the RR and FRE-U exams.

Ratemaking & Reserving (RR) Exam - 5 hours to 3.5 hours

Topics were reduced from nine to seven. Learning outcomes were reduced from 89 to 60. The number of pages in the readings has been reduced in proportion to the reduction in exam hours.

Financial & Regulatory Environment U.S. (FRE-U) Exam - 5 hours to 3.5 hours

Topics were reduced from five to four. Learning outcomes were reduced from 34 to 21. The number of pages in the readings has been reduced in proportion to the reduction in exam hours.

Advanced Topics Exam - 2 hours to 3 hours

Topics were increased from five to seven. Learning outcomes were increased from 24 to 32. The number of pages in the readings has been increased proportional to the increase in exam hours.

[1] Candidates who prefer a version with Canadian content may substitute CAS Exam 6C for the Financial and Regulatory Environment-U.S. exam. The CAS Exam 6C is a four-hour exam.