News

The CAS is pleased to release the Winter 2022 E-Forum, which includes a report of the CAS Machine Learning Working Party titled “Machine Learning in Insurance.” This edition also features two submissions in response to the 2021 Call for Ratemaking Essays, conducted by the CAS Ratemaking Working Group.

The Casualty Actuarial Society (CAS) and the Ratemaking Working Group (RMWG) is pleased to extend a call for discussion papers on ratemaking topics, with a goal to facilitate the publication of accessible and practical papers on ratemaking topics.

As many CAS members know, February is National Black History Month – a month honoring the contributions and legacy of Black people throughout U.S. history. To celebrate and share stories from CAS’s Black members and community, the CAS ran the BHMxCAS campaign throughout the month of February.

The Exam Working Group needs volunteers for question writing for Exam 6U. Question writing will take place over the next 2 months. No travel is required, although there is an in-person summit if interested.

Spring 2022 grading will once again have an optional, in-person session! We look forward to the opportunity of seeing you in person again!

The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved for exposure a revision of Actuarial Standard of Practice (ASOP) No. 29 now titled, Expense Provisions for Future Cost Estimates for Prospective Property/Casualty Risk Transfer and Risk Retention.

Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019, according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS).