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Have you worked with a CAS volunteer who performed far beyond what was expected of him or her? Consider nominating them for one of the following volunteer service awards:
The CAS is seeking volunteer mentors to participate in our 2nd annual Student Central Summer Program, an eight-week interactive professional and educational experience for university students spanning June 14 thru August 6. This free online program, designed by practicing actuaries, will support students’ career growth by providing technical and soft skill development through a series of weekly modules. Complete program details are outlined in the following announcement.
2021 Honorees include Arizona State University, Brigham Young University, Georgia State University, University of New South Wales
If you are like me, when you packed up to leave work on March 13, 2020, you definitely thought you’d be back in the office in a few weeks — maybe a month or two, tops. Or in my specific case with a baby due in early April, I thought surely by the time I returned from maternity leave in late June that we’d all be in the regular office space again. Unfortunately, it’s only now, over a year later, that we are beginning to see many companies in the insurance space truly start their return to office plans.
2021 Spring Meeting Recordings
The 2021 Virtual Spring Meeting Recordings are now online! Obtain all three days of recordings for $250 (36 sessions total) or individual days for $100 each. View some of our most highly ranked sessions now on-demand!
The Casualty Actuarial Society (CAS) and The Institutes CPCU Society invite you to be a part of the 2020 Virtual Underwriting Collaboration Seminar scheduled for November 18, 2020. For the first time ever, this seminar will be an all-virtual, stand-alone event.
The UCS Planning Committee strives to construct a rich program addressing relevant matters, applications and insight with heavy focus on actuarial and underwriting issues. The goal is to foster cross-pollination and collaboration of risk management professionals without regard to industry sector or geographic location.
May 24, 2021
12:00 p.m. - 1:30 p.m. ET
Online Event
This webinar is 90 minutes.
Note: Registration form is best viewed in Internet Explorer.
When registering for this event online, please select your reg type to see the event fees available.
This webinar is complimentary to non-North American audiences in the CAS.
Stories have been around as long as humanity, yet many actuaries shy away from the narrative form. Why? Are we convinced that there is nothing dramatic about a reserve study? Can an actuary not play the hero?
Arlington, Va. – May 18, 2021 – Mallika Bender, FCAS, MAAA, has joined the Casualty Actuarial Society (CAS) as the organization’s first Diversity, Equity & Inclusion (DE&I) staff actuary. This new position will advise on, coordinate, and implement activities related to DE&I for CAS members, staff, and candidates.
The Joint CIA/iCAS/SOA Predictive Analytics Seminar is back!
Join us virtually on Monday, June 14, 2021, for the Predictive Analytics Seminar – the one-day content-packed event bringing together practitioners from life, health, and P&C for an in-depth look at the ways actuaries are turning predictive analytics into better business outcomes.
What to expect:
This webinar is 90 minutes.
Note: Registration form is best viewed in Internet Explorer.
When registering for this event online, please select your reg type to see the event fees available.
THIS WEBINAR IS COMPLIMENTARY TO NON-NORTH AMERICAN AUDIENCES IN THE CAS.
This webinar will discuss how the internal and third-party models are used to estimate the potential loss resulting from various pandemic events. The following two models to be presented are:
The CAS has made it easier for actuarial employers to sign up their actuarial employees for CAS webinars and at substantial savings for those companies with a large number of actuaries spread across multiple locations.
The letter below was sent to all CAS candidates earlier today in response to their concerns regarding the Spring 2021 exam sitting. As members have also contacted us with concerns, we wanted to make sure all members were aware of this information provided to candidates.
Letter to Candidates from the CAS President and CEO Regarding CAS Exams
Closing Out the Fall 2020 Exam Sitting and Addressing the Spring 2021 Exam Challenges
The Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA) are excited to announce the expansion of the Diversity Exam Reimbursement Program for actuarial candidates. This program now offers qualified candidates exam reimbursements and study material stipends for two additional credentialing requirements, beyond Exams P and FM, as outlined below.
Virtual Conference | Sept 13-15, 2021
Deadline: April 2
Submit
The Casualty Actuarial Society invites you to be a part of an exciting seminar for fall 2021. The Casualty Loss Reserve Seminar Planning Committee is soliciting your submission of proposals for presentations at the upcoming event scheduled for September 13-15, 2021.
Please Note: The 2021 Casualty Loss Reserve Seminar will be conducted virtually only.
Today CAS released results from a comprehensive survey of members of CAS Student Central, the CAS’s membership program for university students, to provide insight into virtual recruitment practices. The survey, released in infographic form, provides key information for actuarial hiring managers, candidate program coordinators, and recruiters about the career preferences for the actuarial talent pipeline.
This webinar is 90 minutes.
Note: Registration form is best viewed in Internet Explorer.
When registering for this event online, please select your reg type to see the event fees available.
This webinar is complimentary to non-North American audiences in the CAS.
Beginning with the May 2012 examinations, the Examination Committee started publishing “Examiners’ Reports” for Exams 5 through 9. These reports include narratives for each question describing where points were achieved and where points were commonly missed by the candidates. The Examiners’ Report is an invaluable tool when preparing for an upcoming exam or consequently assessing missed opportunities on a prior exam. All candidates should read the reports from prior versions of the exam for which they are sitting.
Over the last several years, the CAS has gradually adjusted the upper-level exams to test the actuarial student’s knowledge at higher cognitive levels. One way to distinguish a higher-level Bloom’s question is that its answer cannot be succinctly captured on a notecard. In the past, committing to memory all the lists, definitions, calculations, and techniques previously tested was a good strategy for success. Today that is only part of the exam-success equation.
There is much uncertainty surrounding actuarial exams. Will this paper be tested? What will the pass ratio be? How hard is the next exam? Unfortunately, we can’t help you with any of those questions. But, the process to create, implement, and grade an exam can be illuminated.
Note that this article only pertains to the upper-level exams (5 through 9).
The lack of racial diversity in the actuarial profession is staggering – only 1 percent of CAS members are Black or African American, and only 1 percent are Hispanic or Latino. There were more CAS members who became Fellows in 2017 than there are CAS members who are Black or Latino (either Associates or Fellows). The CAS has recently recommitted itself to correcting this issue, as shown by updating its diversity strategy this year.
It is really hard to intentionally drive into the back of a car (or a contraption made to look like the back of a car that costs a couple hundred thousand dollars). I know from personal experience because I tried to do exactly that in a Subaru with automatic emergency braking. I failed. I was nervous and started braking before the car could do it for me. Although I am not a good test driver, I'd like to think that my hesitation to run into another vehicle indicates that I am a good real-life driver.
During my first actuarial internship, I felt an overwhelming need to prove myself and kept thinking I was not good enough to be working for that company. After learning how many people had applied, I told myself that timing and luck were mostly to thank for getting this coveted intern position. The move to an open-concept workspace two months into the job did not help – now I was also worried that everyone would see me clicking around my spreadsheet and suspect that I did not know what I was doing!
If you were like me, you were caught off-guard by the recent Society of Actuaries (SOA) announcement that their general insurance (GI) fellowship track had been accepted by the National Association of Insurance Commissioners (NAIC) as meeting the educational standards required of a qualified actuary. I remember when the SOA created the GI track and it failed to meet NAIC standards; however, I did not know what was being done to change that or how close the SOA was. The news of the approval left me with many questions — how long has this process been going on?
