CAS Releases 2023 Spotlight on Diversity Infographics
The CAS is committed to maintaining transparency and accountability around our diversity, equity and inclusion (DE&I) efforts, as part of the CAS Strategic Approach to Diversity, Equity and Inclusion adopted by the Board of Directors in February 2022. Today, the CAS has released its 2023 Spotlight on Diversity Infographics, a detailed set of metrics designed to help us understand the current state of diversity in the CAS and track changes over time. This is the fourth year that CAS has published this data.
Key Takeaways:
- Women make up 31% of CAS members in the United States and 34% of pre-ACAS exam-takers in the United States, the latter a decrease from 36% of candidates in 2021, despite increasing representation of women among STEM degree recipients in recent years.
- Black and Latino representation among CAS members in the U.S. (1.5% and 2.0%, respectively) and among pre-ACAS exam-takers (3.2% and 4.8%, respectively) remains well below external benchmarks such as Insurance Industry employees (14% and 12%), Mathematics employees (9% and 8%), and STEM degree recipients (7% and 13%).
- While representation of Black candidates stayed flat at 3.2%, there has been a steady increase over the last few years in representation of Latino candidates, from 4.2% in 2021 to 4.8% in 2023.
- 18% of CAS members in the U.S. and 22% of pre-ACAS candidates in the U.S. identify as Asian, but representation among CAS leadership (Committee Chairs, Executive Council and Board Members) lags behind those figures. In 2023, 12% of Committee Chairs and 11% of EC/Board members over the last 3 years identify as Asian, an increase from 11% and 7%, respectively, as of 2022.
The CAS, in partnership with actuarial diversity organizations, has undertaken several activities in recent years to increase awareness of the actuarial profession among underrepresented groups and to foster diversity in leadership, including:
- Promoting the actuarial profession among university students and professors through the Association for Women in Mathematics.
- Mentoring collegiate-level women studying STEM subjects through the STEM Muse Networking program.
- Building interest in finance careers among high school girls through Rock the Street, Wall Street.
- Exhibiting at seven Black College Expo events and one Latino College Expo event in 2023, with participation in five more College Expos planned for Spring 2024.
- Advertising and in-person promotion of the profession through the American Indian Science and Engineering Society and the Society for the Advancement of Chicanos and Native Americans in the Sciences.
- Promotion of CAS leadership and thought leadership opportunities, such as calls for presentations, volunteering opportunities and calls for nominations, through actuarial diversity organizations.
CAS members and our broader community are encouraged to help execute these initiatives by joining the Diversity Impact Group (DIG) micro-volunteering community. To get involved and stay informed, visit community.casact.org, search for Diversity Impact Group, and select JOIN. If you have any questions or feedback on the Spotlight on Diversity Infographics, please send them to diversity@casact.org.
