News

For almost thirty years, The Actuarial Foundation has been changing the lives of students through its math tutoring, competition, and scholarship programs. As a former Trustee of the Foundation, I was inspired to serve and saw firsthand the difference that the Foundation’s programs are making. On May 11, there is a wonderful opportunity for the actuarial community to come together and celebrate the achievements of our Foundation.

We are still seeking your help finalizing our exam grading rosters for this sitting, specifically for these exams:

Exam 5: Basic Ratemaking and Estimating Claims Liabilities,
Exam 6U: Regulation and Financial Reporting (US)
Exam 7: Estimating Liabilities, Valuation, and ERM
Exam 9 Financial Risk and Rate of Return.

The CAS is seeking volunteer mentors to participate in the 2023 CAS Student Central Summer Program, an eight-week interactive professional and educational experience for university students spanning June 12 thru August 4!

As previously announced, the work of the CAS Admissions Transformation Plan (ATP) began with the Job Task Analysis (JTA) conducted in 2020, which resulted in recommendations for the high-level domains1 and tasks2 covered on each exam in the ACAS and FCAS exam pathway. This foundational analysis helps to inform the enhancements to all CAS exams, and we are now pleased to announce changes to Exams 7, 8 and 9.

The CAS has partnered with the company Parchment to offer a new service for members and candidates – digital badges.

The Casualty Actuarial Society is pleased to announce the release of a new CAS Research Paper, “Understanding the Demand for Inclusive Insurance: A Pilot Study,” authored by Ida Ferrara, Edward Furman and Tsvetanka Karagyozova. The study is intended to pave the way for a more comprehensive assessment of the potential benefit of microinsurance to low-income households in any country, regardless of level of development.

CAS is transitioning to once-a-year testing for Exam 6-International to keep in line with current demand.

Nearly nine in ten CAS members are satisfied with their engagement with the CAS, according to a survey on membership engagement commissioned by the CAS Board of Directors. The 85% satisfaction rate was a 3% increase from a survey of the Member Advisory Panel conducted in February 2020.

In recognition of outstanding leadership and efforts within the insurance industry developing solutions for authenticity, inclusion and diversity, the Casualty Actuarial Society (CAS) has been honored with the 2022 Diversity and Inclusion Industry Champion of the Year award from Gamma Iota Sigma (GIS). GIS is the industry’s premier collegiate talent pipeline, serving over 5,000 students and 25,000 alumni from a growing network of over 100 colleges and universities throughout North America.