News

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).

The CAS University Engagement Advisory Working Group (UEAWG) has several exciting volunteer opportunities including short-term projects! If you have any questions about the below opportunities, please email the relevant contact listed in section.

A new paper has been published on the Variance website: “Recommender Systems for Insurance Marketing” by Giorgio Alfredo Spedicato and Giuseppe Savino.

Using the Hayne MLE Model: A Practitioners’ Guide, a new volume in the CAS Monograph Series, is now available for download. This monograph, written by Mark Shapland, illustrates the practical implementation of the Hayne MLE modeling framework as a powerful tool for estimating a distribution of unpaid claims.

Due to the evolving situation regarding the COVID-19 variant Omicron, the CAS will move forward with the Ratemaking, Product and Modeling Seminar as a completely virtual event, held March 15-16, 2022.

Climate risk, cyber concerns, and financial volatility are the top emerging risks according to an annual survey of risk managers. Providing insights on emerging risks over time, the 15th Annual Emerging Risk Survey is sponsored by the Joint Risk Management Section (JRMS) of the Canadian Institute of Actuaries (CIA), the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA).

The Casualty Actuarial Society is excited to invite you to submit proposals for our Climate Risk Seminar. This educational and networking event will be entirely virtual, with presenters and attendees logging in from remote locations worldwide.

The CAS Nominating Committee wants your input on the slate of candidates for the 2022 CAS elections for the Board of Directors and President-Elect. Any member may submit a nomination, and if you are a Fellow of the CAS, you are welcome to nominate yourself. Fellows may also submit a petition to be placed on the ballot.

The purpose of this seminar is to provide information on a variety of reinsurance topics. Practical approaches to problems will be presented and discussion will be encouraged. Participants can expect to gain awareness and insight into difficult issues and are encouraged to share their own ideas.