The CCRA (Certified Catastrophe Risk Analyst) exam in an integral part of the Moody’s RMS CCRA Training Program. This exam allows candidates to demonstrate their knowledge of the core concepts and learning objectives from the training courses they have completed, and a passing score entitles candidates to the CCRA designation.
Moody’s RMS has partnered with Prometric to provide the CCRA exam at testing centers worldwide. To be eligible, candidates must complete the Moody’s RMS CCRA Training Program, including all self-study courses and the four-day onsite training. Candidates who meet these requirements will receive a CCRA exam eligibility ID, which is required to register for the exam.
The CCRA exam will be offered multiple times annually. The exam will be offered on the following dates in 2024. Registration information will be sent to eligible candidates prior to each registration window.
- April 18 & 19, 2024
- July 18, 2024
- October 24, 2024
Please plan to be at the testing center for approximately 5 hours total. The exam itself is 4 hours: 2.5 hours for the essay section and 1.5 hours for the multiple-choice section. There will be an optional 15-minute break between those two test sections. Candidates will be tested on three of the six peril courses during the exam. During the multiple choice exam, candidates will select the three perils to be included in their exam. Peril-specific questions are included in the multiple-choice section of the exam only.
There is no fee for candidates who are taking the CCRA exam for the first time. All candidates who are retaking the exam are required to pay a $250 retake fee at the time of registration.
For information or questions on the CCRA exam, please email deb.dahlby@moodys.com.
Information for Test Center Appointments
All CCRA exam candidates must present a valid government-issued photo identification with signature when arriving at the test center. Candidates will be required to sign in and will be instructed where to securely store personal items during the exam. The candidate’s identity will be verified every time he/she enters or leaves the testing room.
Candidates will not be permitted to enter the exam room unless proper identification as described above is presented. The candidate’s name as it appears on the confirmation email must match the candidate’s name as it appears on government-issued photo identification. If the names do not match, please email deb.dahlby@moodys.com at least one week before your exam to avoid any issues when checking in for the exam.
Cancelling or Rescheduling Your Exam
Candidates may cancel or reschedule the CCRA exam up to five (5) calendar days prior to the scheduled exam appointment, through Prometric’s scheduling system. Moody’s RMS staff will not process any cancellation requests.
Cancellation fees will be charged as follows:
- 30 or more days prior to appointment: no cancellation fee
- 29-5 days prior to appointment: $35 cancellation fee collected by Prometric at time of transaction.
- Less than 5 days prior to appointment or fails to appear for scheduled exam: no cancel/reschedule allowed.
If you are taking the exam for the first time:
- You will be required to pay the cancellation fee as listed above.
- If you cancel less than 5 days prior to the exam or do not show up for the exam, you will forfeit your one free exam sitting, and the next time you register for the exam you will be required to pay the $250 retake fee.
If you have paid to retake the exam:
- Your retake fee will be refunded minus the appropriate cancellation fee as listed in the above schedule.
- If you cancel less than 5 days prior to the exam or do not show up for the exam, your retake fee will not be refunded.
Late Arrivals
Candidates who arrive at the testing site 30 minutes after their scheduled testing appointment may be denied admission and will forfeit all testing fees. If this is the first time you are taking the exam, you will forfeit your one free exam sitting.
Exam Format
The CCRA exam will be in two parts: essay questions and multiple-choice questions. You must receive a passing mark in both sections to be awarded the CCRA designation. However, if you pass one of the two sections, retesting is only necessary for the section which you did not pass.
Essay Questions: The essay portion of the exam will include questions from both the insurer perspective and the reinsurer perspective. Participants will need to answer all questions in no more than 2.5 hours, at which time your exam will automatically save and submit. Microsoft Excel spreadsheets may be provided for specific questions during the exam. The essay section will be worth 60 points, with 30 points pertaining to the insurer perspective and 30 points to the reinsurer perspective.
Multiple-Choice Questions: This section includes 60 questions that will cover content from all areas of knowledge from the CCRA Training Program, including documents, presentation, self-assessment, and exercise materials. Participants will need to complete all questions within 1.5 hours, at which time your exam will automatically save and submit. Each question will be worth 1 point for a total of 60 points.
You will have access to an online basic calculator during the exam. No other personal papers, books, or materials are allowed during the exam; however, scratch paper and a pen/pencil will be provided.
A score of at least 60% on both sections of the exam is necessary to earn the CCRA designation. Exam results will be sent 6 weeks following the exam date. All grading is considered final without appeal and numerical scores are never released.