[4] Topics covered in the exams include statistics, mathematics, finance, economics, insurance, enterprise risk management, and actuarial science.

[5] Another class of CAS membership, Affiliate, includes qualified actuaries who practice in property-casualty insurance but do not meet the qualifications to become an Associate or Fellow.

Eventually members of the society worked on all types of property-casualty insurance, including coverages for automobiles, homes and businesses.

[10] The exams usually take a long time to complete, often near a decade,[11] due to the low pass rates and the difficulty of the syllabus material.

[5] In addition to preliminary exams, the candidate need to complete the Validation by Educational Experience (VEE) and Data Insurance Series Courses to achieve the credential of Associate of Casualty Actuarial Society (ACAS).

The society's members publish a large number of research papers on various aspects of property-casualty actuarial science.

[14] The society holds two general meetings each year for the presentation of research papers and discussions about actuarial topics.

Several other meetings, specializing in topics such as ratemaking, predictive modeling, loss reserving, or reinsurance are offered each year, along with a series of limited attendance seminars.

[16] These elected officials oversee a large number of task forces and committees composed of society members and others.