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The CAS is inviting actuarial employers participate in our 3rd annual virtual career and networking event with the 2024 CAS Student Central Summer Program participants. You will get a chance to meet and network with extraordinary students and share information about working at your company, preview your upcoming fall recruitment schedule and application requirements, and answer questions.
Recently there have been notable changes to the content outline’s for exams through the Admissions Transformation Plan (ATP). While candidates may express frustrations regarding the new content outline’s, it’s important to recognize that this is a natural part of evolving our basic education program. It’s essential to ensure that credentials meet the gold standard for property & casualty actuaries. The primary objective of candidates is to successfully pass the examinations and attain their professional credentials.
Congrats on passing your first two actuarial exams! If you are reading this article, you’re probably wondering what you should do next. Unfortunately, there is not a “right” answer, and what is most beneficial for you to spend your time on can depend on where you are on the actuarial path. Hopefully, this article can provide you with more information to make that decision.
As announced earlier this year, the CAS has launched the Actuarial Professional Analysis (APA), a comprehensive evaluation that will allow the CAS to validate or redefine the importance of content areas to current and future actuaries. But what does this mean for candidates? Read along for three important points you need to know.
At some point in your career, you may have heard the old adage, “It is not what you know, but who you know.” Unfortunately, this may bring up a slew of mixed emotions and thoughts about favoritism, nepotism or even thankfulness if you have benefitted from knowing someone. The thrust of this statement is pointing at who is in your network. While we may bristle at the adage above, I believe that a robust personal network is a valuable tool for your career. I would never argue that someone should get a job simply on the basis of a relationship.
As actuaries, we’re often presented with situations that ask for varying levels of detail. Technical stakeholders may be interested in the nitty-gritty detail, while executive stakeholders may be more interested in a high-level explanation. A key part of an effective communicator’s skill set is crafting a message that resonates with the intended audience. While these considerations are important in a professional setting, they also are important to consider when sitting for CAS exams.
The CAS is committed to maintaining transparency and accountability around our diversity, equity and inclusion (DE&I) efforts, as part of the CAS Strategic Approach to Diversity, Equity and Inclusion adopted by the Board of Directors in February 2022. Today, the CAS has released its 2023 Spotlight on Diversity Infographics, a detailed set of metrics designed to help us understand the current state of diversity in the CAS and track changes over time.
Arlington, VA – Two new research reports designed to guide the insurance industry toward proactive, quantitative solutions to identify, measure and address potential racial bias in insurance pricing were published by the Casualty Actuarial Society (CAS) today.
The CAS Board of Directors has adopted an updated Strategic Approach to Diversity, Equity and Inclusion (DE&I), a revised version of the strategy adopted in October 2020 that reflects member feedback received through an exposure and comment period.
The CAS Nominating Committee is pleased to announce the President-Elect and Board candidates for the 2022 CAS elections. Voting members (Associates who have been members at least five years and Fellows) will cast ballots in August to elect four directors from among the eight candidates.
President-Elect: Frank H. Chang
Candidates for Board of Directors:
The Joint Casualty Actuarial Society and Society of Actuaries Committee on Inclusion, Equity, and Diversity (JCIED) is holding its second annual Diversity Symposium on July 31, 2024 in Philadelphia. The Symposium will bring together CAS and SOA diversity champions, and you are invited to participate!
Actuarial Studies in Non-Life Insurance), a section of the International Actuarial Association, is offering a series of masterclasses on a wide range of non-life insurance topics. They are fully interactive covering topics from such key areas of interest as financial stability and enterprise risk management, regulatory changes, data science and artificial intelligence in insurance, climate change and catastrophe risk, cyber risk, and InsurTech and disruptive technologies.
Webinar on Model Risk Management with Andrew Smith, June 26
Middle Tennessee State University (MTSU), a CAS University Recognition Program Gold Level recipient, will host the 59th Actuarial Research Conference (ARC) from July 18-20, 2024, with a welcome reception on July 17 at 6:00 PM. Travel to the vibrant greater Nashville area (Murfreesboro, TN) for this premier event!
Register for ARC
To the Casualty Actuarial Society Community:
Do you know a CAS volunteer who has gone above and beyond? Now is your chance to honor their exceptional contributions! Nominate them for one of our prestigious volunteer service awards:
Above and Beyond Achievement Award (ABAA)
New Members Award (NMA)
There has been a significant amount of discussion, debate, and research around the examination of rates and actuarial models for potential bias against protected classes. This has led to several potential approaches to measuring and mitigating potential bias. As with any emerging area, moving from a theoretical construct to practical implementation can be a challenge, and often results in unexpected implications. This session will cover the practical considerations around the implementation of several methods for measuring potential bias.
This webinar is 90 minutes.
This webinar is complimentary to non-North American audiences in the CAS.
Insurance companies now have access to actual driving data from connected vehicles or aftermarket sensors. US insurance companies have primarily leveraged this driving data as a pricing tool. Other countries may not have the rating flexibility to emulate the US products. The presenter will cover the opportunity beyond pricing primarily focusing on the safety use case.
The CAS has been invited to send actuaries to participate in a project aimed at reducing barriers to employment for people who were formerly incarcerated.
The project hopes to identify potential ways that commercial insurance products such as Employee Dishonesty Coverage and Public Fidelity Bonds/ Federal Bonding Program, can be used, improved, or supplemented to encourage more "fair chance hiring." The foundation running the project is hosting an in-person meeting in New York City in June 2024 to discuss this further.
In person and virtual options available.
Post-event will be sponsored by Emerald Group.
