P

 Minor learning objective changes.

 Probability generating functions added.

 Sitting Offerings: Same as current; first sitting in September 2018

 Exam Format: CBT, Instant Results Available

FM

 Similar to revised FM exam starting in June 2017, with additional Corporate Finance topics from
the current Corporate Finance VEE.
 Sitting Offerings: Same as current; first sitting in October 2018
 Exam Format: CBT, Instant Results Available

IFM

 REPLACEMENT OF MFE
 Stochastic calculus will be reduced
 Corporate Finance and Portfolio Theory topics will be added
 Sitting Offerings: Same as MFE; first sitting in July 2018
 Exam Format: CBT, Instant Results Not Available

STAM

 REPLACEMENT OF C
 Basic estimation material moved to Mathematical Statistics VEE
 Life table estimation moved to LTAM
 Basics of pricing and reserving for short-term insurance (health, property, liability) added
 Sitting Offerings: Same as C; first sitting in October 2018
 Exam Format: CBT, Instant Results Not Available

LTAM

 REPLACEMENT OF MLC
 Life table estimation from current Exam C moved here
 Universal Life moved to FAP
 Section on life and annuity products added
 Sitting Offerings: Same as MLC; first sitting in October 2018
 Exam Format: Same as MLC (Multiple Choice + Written Answer)

SRM - STATISTICS FOR RISK MODELING

 NEW EXAM
 Covers regression and time series topics on current Applied Statistics VEE
 Covers generalized linear models
 Formal prerequisite for Exam PA below
 Significant overlap with the CAS MAS-I exam
  Sitting Offerings: At least twice per year; first sitting in September 2018
 Exam Format: CBT, Instant Results Not Available

PA - PREDICTIVE ANALYTICS

 NEW EXAM
 This E-Learning module is similar to the structure of FAP modules, covering the modeling
process and case studies.
 Administered as a 5-hour project-based assessment. Will require using computer equipped with
Microsoft Word, Microsoft Excel and RStudio to analyze data set in the context of a business
problem and communicate findings in a report.
 Knowledge of SRM will be assumed, even for candidates receiving transition credit for SRM via
VEE Applied Statistics.
 Sitting Offerings: At least twice per year; first sitting in November or December 2018
 Exam Format: Project-Based Assignment

VEE ECONOMICS

 SOA-APPROVED COURSE(S)
 VEE Economics will not be changed.
 Components: Microeconomics, Macroeconomics

VEE ACCOUNTING AND FINANCE

SOA-APPROVED COURSE(S)

 VEE Accounting and Finance will replace the current VEE Corporate Finance. This new VEE
course adds an accounting component and lightens the finance requirements.
 Components: Accounting, Corporate Finance

VEE MATHEMATICAL STATISTICS

 SOA-APPROVED COURSE(S)
 VEE Mathematical Statistics will replace the current VEE Applied Statistics.
 Basic estimation material from C moved here
 Regression and time series topics from Applied Statistics moved to SRM

FAP MODULES

 E-LEARNING MODULES
 The structure of FAP Modules will remain unchanged. However, there is a possibility that a small
number of topics will be adjusted as the curriculum is developed.

APC

 HALF-DAY, IN-PERSON CONFERENCE

 The structure of APC will remain unchanged.
Don't worry, keep focusing on your exams. As per the table outlining the SOA transition rules, passing
current exams now will give you transition credit for their replacement exams after 7/1/2018. For
example, passing MFE will give you credit for IFM. Some exceptions or special outliers include:

 Completing VEE Corporate Finance before 7/1/2019 (not 7/1/2018) will give you credit for VEE
Accounting and Finance.
 Completing VEE Applied Statistics before 7/1/2018 will give you credit for both SRM and VEE
Mathematical Statistics.
 Passing C before 7/1/2018 will give you credit for both STAM and VEE Mathematical Statistics.