The Casualty Actuarial Society and Actuarial Studies in development of Non-Life Insurance in North America

Thank you, Mr. Masterson, Sir George and friends. Mr. Masterson told you that Mr. Longley-Cook was going to give this report originally. Since he can't, he has turned it over to me, and I shall deliver it practically the way he has written it. The profession of actuary originating in the need for a scientific approach to the problems, of early life insurance companies, has broadened its scope over the years, and many actuaries now provide valuable contributions to the scientific study of problems in insurance, commerce and industry which are completely unrelated to life insurance. Because a large majority of actuaries are concerned, however, with problems of life insurance and pension plans, those outside these fields have felt the need for an association which is concerned with their special interests.