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Dear CAS Community,
Several CAS members were recognized by the American Academy of Actuaries as part of their tributes to outstanding Academy volunteers and emerging actuarial leaders at the opening session of the Academy’s 2024 “Envision Tomorrow” annual meeting in Washington, D.C., on Oct. 15.
March 12, 2025
Orlando, Florida
Submission Deadline: November 11, 2025
Submit
The CAS Institute is accepting presentation proposals for the iCAS Community of Practice during the Ratemaking and Product Modeling Seminar in Orlando, Florida, March 9-12, 2025.
Dear CAS Candidates,
We understand the frustration and disappointment many of you experienced during the May 1 exam administration, and we want to assure you that we have taken significant steps to mitigate risks for the October/November exam sitting.
Actuaries have made great strides and investments in developing our modeling capabilities, but we often underutilize the full potential of these capabilities by limiting their application to traditional uses. However, outside of traditional loss modeling, models offer a powerful toolset for addressing a wide range of questions and challenges. By harnessing this power, actuaries can create additional value and enhance their effectiveness as business partners.
The CE Log is one of the most important document that an actuary needs to stay a top of, regardless of what segment of the industry they are in or who their employer is. With approximately 1% of the members being selected for review annually, we will explore this little known process in an easy-to-follow webinar. With this session, we will explore what the USQS requires and how an actuary can easily prepare its CE log to be ready for review, if selected.
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The Casualty Actuarial Society (CAS) is pleased to announce prizes awarded for the best reserving research papers resulting from the CAS Reserves Working Group’s Call for Papers on Technology and the Reserving Actuary.
The winning papers are:
The Casualty Actuarial Society (CAS) was thrilled to take part in Gamma Iota Sigma’s (GIS) 53rd Annual Conference, held last month in Indianapolis. This event gathered more than 600 top risk management students and faculty advisers, along with a wide array of insurance professionals.
1. Introduction
The Casualty Actuarial Society (“CAS”, “Association”, “we”, “us,” and “our”) respects individual privacy and values the confidence of our members, candidates, program participants, other professionals, and our community.
The paper explores the possibility of using telematics and usage-based
insurance technologies to reduce dependence on sensitive information when
pricing insurance. Actuaries commonly rely on demographic factors such as
age and gender when deciding insurance premiums. However, some people
regard that approach as an unfair use of personal information. Moreover,
With this column, we’re bringing back a Future Fellows series with a fresh perspective. In June 2021, “Exams In Real Life,” or “Exams IRL,” began as a way to examine how content from CAS exams are used on the job in real life. The Future Fellows issues this year have already addressed MAS I and II (see links below). This column will explore Exam 5-Basic Techniques for Ratemaking and Estimating Claim Liabilities. In essence, we would like to supply a little motivation by answering “Why am I learning this stuff?” and “When am I ever going to use any of it?”
For most candidates, a top priority is to progress with exams, so a lot of planning and thought goes into mapping out exam progression over multiple years. Many candidates plan out every four to six months of the year via detailed study plans and schedules for each available exam sitting. Those plans help students stay on track and, when followed, increase their chances of passing these exams.
"AI is going to take over our jobs!”
We hear that phrase everywhere. For all the cool and impressive things AI can do, such as write complex code in seconds, create silly yet realistic images of real people and draft research papers, it can’t pass actuarial exams (at least as of the time I’m writing this). Maybe it just lacks the data, but I think what makes the tests so difficult, even for machines, is that they require high levels of critical thinking and adaptability in order to pass.
“You are your own worst critic.” It’s likely you’ve been told this before. We’ve all been too tough on ourselves at some point. Maybe you thought that you aren’t smart enough, not experienced enough, or not capable enough for the situation you’ve found yourself in.
Is dedicating multiple years, thousands of study hours, to learn many ever-evolving, extremely difficult actuarial concepts and equations enough to become credentialed? Absolutely! The exams do an outstanding job preparing candidates with the necessary tools to become effective actuaries. Actuaries need to know the numbers, and passing exams are the means to ensuring that. Passing numerous challenging exams is a significant accomplishment, worthy of praise and marks the end of a long, arduous journey.
Speakers will present on the state of the cyber insurance market in terms of profitability, losses, and pricing methods. Current hot topics include evolving cyber threats such as Crowdstrike, BEC, and generative AI.
Learning Objectives:
Regulations are evolving around the world to address potential bias and discriminatory impacts resulting from AI, machine learning and other predictive models. This session will first compare new and emerging bias-related regulations in the U.S., Canada, China, and Europe that may have a significant impact on the insurance industry. How can insurer's comply in a rapidly evolving regulatory environment?
