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The CAS Reinsurance Research Committee is sponsoring a call for papers related to reinsurance. This program is undertaken every two years in an effort to enhance the actuarial literature on reinsurance topics.
The Committee welcomes papers on any reinsurance-related topic, including but not limited to:
There are several approaches to conducting research that can be utilized by CAS Research and Development Committees:
MICHELBACHER SIGNIFICANT ACHIEVEMENT AWARD
The Michelbacher Significant Achievement Award is intended to recognize a person or persons who have significantly and fundamentally advanced casualty actuarial science. Initially awarded in 1979, the prize formerly commemorated the work of Gustav F. Michebacher and was given to the best paper submitted in response to a CAS call for discussion papers. It was repurposed as the Michelbacher Significant Achievement award in 2010, and was first awarded in 2013.
1. Introduction
This website and its contents are the property of Casualty Actuarial Society ("CAS") and any successor in interest. This webpage sets forth the "Terms of Use" (TOU) that apply to the use of www.casact.org and its affiliated sites, including the online community at https://community.casact.org/home (the "Website").
USE OF TITLES AND DESIGNATIONSPrecept 12 and Section 1 of Article III of the Constitution are concerned primarily with the use of titles by members and, in particular, with designations related to the Society. The purpose of this material is to clarify the proper use of a designation. For this purpose, the term title means any title conferred by an employer or actuarial organization related to a specific position within that employer or actuarial organization.
Midwestern Actuarial Forum
Fall 2020 Meeting Minutes
September 30, 2020 and October 1, 2020
Virtual Webinar
The Fall 2020 meeting of the Midwestern Actuarial Forum was called to order at 9:00 am on Wednesday, September 30, 2020 via virtual webinar by Ann Chai, President. There were 400 people registered for the webcast.
The meeting started with a welcome from Ann Chai.
The National Association of Insurance Commissioners (NAIC) is amending the 2020 Property Casualty Annual Statement Instructions to include new requirements for property casualty appointed actuaries. The new requirements are a result of an NAIC independent consultant’s recommendations that procedures be implemented to bolster verification of a property casualty appointed actuary’s continued competency to sign statements of actuarial opinions for NAIC annual statements.
The CAS has well-established election procedures and timelines to ensure the fairness of, and member participation in, the annual election process.
The CAS Nominating Committee will announce the President-Elect and Board candidates for the CAS elections in June. Details about the candidates will be available through the Meet the Candidates section of the CAS website. Voting in the elections will occur in August.
The Casualty Actuarial Society (CAS) is pleased to announce that we will continue with plans to hold the CAS Spring Meeting, scheduled for May 11-13, 2020. However, instead of convening in Chicago, we are moving the CAS Spring Meeting to a virtual format.
The 2020 CAS Spring Meeting will provide opportunities for education and networking in an immersive environment designed to make you feel like you are at an in-person meeting -- all with no travel, no additional expenses, and from the convenience of your own desk.
The three-day event will include:
Starting with the Fall 2020 exam administration, the CAS transitioned to computer-based testing (CBT) for Exams MAS-I, MAS-II, and 5 through 9. Online Courses 1 and 2 continue to be administered by The Institutes and scored according to its CBT methodologies.
The CAS asks that candidates arrive at the test center 30 minutes prior to their scheduled appointment time. This will give them adequate time to complete the necessary sign-in procedures. A candidate who arrives more than 15 minutes late for his or her appointment may be refused admission.
Updated: November 16, 2020
CAS values the health and safety of our candidates and encourages all candidates to monitor their health in accordance with guidelines from the Centers for Disease Control and the Pearson VUE Coronavirus webpage.
Shane Barnes, FCAS, CSPA, was recently named among Rising Insurance Star Executives’ 2020 RISE Award winners. The awards showcase the top rising stars in the insurance industry who show leadership in their organization and community and demonstrate a commitment to advancing the industry.
Ratemaking Contest Winners Announced06/01/1999 —The CAS Ratemaking Committee is pleased to announce that the team of Thomas L. Ghezzi, FCAS and Katharine Barnes, FCAS, has been selected as the winner of the 1999 Ratemaking Contest.
Chartered Enterprise Risk Analyst (CERA)
Exam SP9 - Enterprise Risk Management Specialist Principles Exam
Exam SP-9 Registration
Institute and Faculty of Actuaries (IFOA) SP9 Syllabus
SP9 Syllabus
The SP9 syllabus is available on the Institute and Faculty of Actuaries website:
Basic Education Waiver Policy for Actuarial Examinations
The CAS’s Basic Education Waiver Policy addresses the extent to which the CAS will grant waivers of its basic education requirements including Exams 1, 2, and 3F; DISCs; Course on Professionalism; and Validation by Educational Experience requirements, or their equivalents as defined by the Executive Council.
Auto Loss Costs: Dynamic Linear Models with Changepoints
The CAS was a proud sponsor of the Caribbean Actuarial Association’s Virtual 2020 Annual Conference November 30 to December 3. CAS Board Chair Steve Armstrong spoke at the President’s Town Hall Monday and CAS member Steve Kolk provided information on the Actuaries Climate Index. In addition to sponsoring the event, the CAS provided the following recorded sessions from previous CAS events:
The Casualty Actuarial Society (CAS) has released its 2021-2023 Stra
The recording of the October 28, 2020 Admissions Webinar is now available for viewing in the CAS online learning platform. Recorded in advance the Fall 2020 Exam sitting, the webinar for candidates featured a conversation with CAS leadership to hear the latest updates related to the delivery of exams via computer-based testing (CBT) through the CAS partnership with Pearson VUE.
From Article VIII, Section 4 of the CAS Bylaws
“A Fellow, Associate or Affiliate who has ceased to be a member because of failure to pay dues, or by voluntary resignation, may be reinstated by a majority vote of the Board of Directors upon payment of a reapplication fee, to be set by the Board of Directors, and such payment may be partially or fully waived by the Board at its discretion”.
CAS Membership Reinstatement Process
RPM Seminar Rescheduled as a Virtual Seminar
The CAS has significantly expanded its calendar of continuing education programs over the coming months to provide our members with ample opportunities to earn continuing education credits, stay abreast of developments in the property/casualty insurance industry, and remain engaged with the CAS community.
Taipei, Taiwan September 14-15, 2020
The Course on Professionalism is designed to make the candidate aware of the requirements of the CAS and American Academy of Actuaries (AAA) regarding the conduct of the actuary in the performance of his or her duties.
The CAS offers courses on a first come first serve basis, based on exam priority, in February*, June, August*, and December. A virtual course is offered in June for candidates that may have extenuating circumstances that makes travel to an in-person course difficult. *February and August courses are offered based on demand.
Balloting for the 2020 CAS election closed on August 31, 2020.Kathy Antonello has been elected President-Elect.Kris DeFrain, Alejandra Nolibos, Erika Schurr, and Geoff Werner have been elected to the Board of Directors.According to the election procedures approved by the Board, all vote counts are released to the membership. These follow: President-Elect Kathy Antonello 1,557 Director Alejandra Nolibos
CAS Monograph No. 6: A Machine-Learning Approach to Parameter Estimation
