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In the latter half of 2013, personal auto insurance carriers began to notice an uptick in property damage liability and collision frequency. Subsequent loss cost experience has varied in frequency and severity, and by coverage type, region, demographics, weather patterns, quality of road maintenance, congestion level and other factors. In response, industry partners banded together to analyze these trends.
The Casualty Actuarial Society (CAS) is delighted to host the 2022 Actuarial Colloquia in Orlando, Florida, USA. The Actuarial Colloquia comprise the AFIR-ERM (Finance, Investment & Enterprise Risk Management) and ASTIN (Non-Life Insurance) Sections of the International Actuarial Association (IAA). For more information:https://actuarialcolloquia2021.org/
The CAS has developed a CBT tutorial video to accompany the sample questions and example solutions for CAS Exams 5-9 released earlier this month. This video walks candidates through the various spreadsheet functions and features to become familiar with prior to exam day.
This two-day seminar is intended to fill a void in intermediate level reinsurance education. The program will start with a review of reinsurance structures, including a discussion of how those programs can be tailored to meet the needs of clients and the issues that some structures create for reinsurers. This presentation will also cover pricing prorata reinsurance. The next set of sessions will review excess of loss experience and exposure rating for both property and casualty.
The CAS IFRS17 Task Force will conduct an environmental survey of its international membership to determine the role the CAS should play in educating its members in IFRS17. Questions that should be answered are: Is there a need for international CAS members to learn more about implementation of IFRS17 (before January 1, 2021 deadline); Where are they obtaining this education if they need it; Should the CAS become involved in the delivery of this education; What kind of deliverables should the CAS provide?
CAS is proud to announce Charles Wheelan, PH.D., as its featured speaker for the CAS 2021 virtual Spring Meeting. He will speak on "The Unintended Consequences of Data."
Charles Wheelan is a senior lecturer and policy fellow at the Rockefeller Center at Dartmouth College and author of Naked Statistics: Stripping the Dread from the Data (W.W. Norton). Learn more.
2017 CAS UNIVERSITY AWARD WINNER - UNIVERSITY OF WISCONSIN - MADISON
Active CAS Candidates – those who have sat for a CAS exam within the past two years – are invited to take advantage of a variety of benefits. Please feel free to contact the CAS Administrative and Customer Support Department at acs@casact.org or 703-276-3100 with any questions about the benefits of being a CAS Candidate!
With the cancellation of the 2020 Ratemaking, Product and Modeling Seminar, we understand that some of our members are concerned about completing their continuing education requirements. In order to better support those efforts, we want to remind members of the variety of opportunities to participate in CAS virtual continuing education programs:
Exhibitor Highlights
The exhibitor area at CAS meetings and seminars is designed to maximize traffic to your exhibit space. While exhibitor opportunities may vary based on the specific event, they would generally entail:
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:
Carrier Management’s recent article, “A Time to Shine: How Insurance CROs Stepped Up to COVID Challenges” takes a look at the COVID-19 pandemic through the lens of leading chief risk officers.
Papers submitted in response to CAS call paper programs and the results of other research projects are typically posted in the CAS E-Forum.
The Casualty Actuarial Society (CAS) is governed by its members through the CAS Constitution, which outlines the CAS’s statement of purpose, classes of members, Board of Directors, and officers.
Download the CAS Constitution
CREDIT RISK SECTIONThe purposes of the Credit Risk Special Interest Section are to promote discussion and the exchange of ideas among members and subscribers on the subject of credit risk evaluation, to provide forums for such discussions to take place, to advance the knowledge of actuarial science as applied to credit risk through both original research and surveys of members’ and subscribers’ collective knowledge, and to promote good fellowship among its member and subscribers.OFFICERSPresident: Michael C. Schmitz, FCAS
Our October update about on-demand education available from UCAS features content from our recent webinars and the Virtual Casualty Loss Reserve Seminar!
Variance Prize
This prize recognizes the best papers published in Variance, the scientific peer-reviewed journal. The amount of the Variance Prize is currently $5,000.
Past Recipients:
2022
Drake Landry and Steven Martin
“Policy-Level Unreported Frequency Model for Pure IBNR Estimation.”
Variance volume 15, no. 1
Find resources to conduct committee business here. Everything a committee chairperson might need can be found here, including templates, guidelines and important administrative links.
The CAS Research Paper Template:Has been developed to allow for a consistent appearance and structure for papers published in the CAS Forum.Will allow CAS members and other readers to more easily browse through issues of the Forum.Is required to be used by CAS research working parties and call paper authors when submitting papers.Can be downloaded below and comes with a set of instructions.Description of Research Paper Template (.pdf)
Our November update about on-demand education available from UCAS features content from our recent webinars and the Virtual Casualty Loss Reserve Seminar!
ARECA is pleased to announce the 2020/21 scholarship competition for current undergraduate students in the Asia Pacific region who are interested in pursuing the actuarial profession. Learn More.
The CAS Trust Scholarship program, funded by donations to the CAS Trust, awards up to three scholarships to deserving students annually. The scholarship’s intent is to further students’ interest in the property/casualty actuarial profession and encourage pursuit of the CAS designation. Recipients are chosen, by the CAS Trust Scholarship Subcommittee.
Our May update about on-demand education available from UCAS features content from our recent webinars and the recent Virtual Spring Meeting.
In this edition of the CAS Research and Development Newsletter, read updates from the chairs and staff who comprise CAS R&D, as well as a special report on our new Github presence by our research actuary, Brian Fannin. Access the newsletter here.
VOLUNTARY SECTION DUES DESCRIPTIONS
Pay for your section dues online, along with your CAS dues payment or add these items to your shopping cart separately from the Merchandise section of the Online Store.
Please note: CAS members that are not members of the AAA have an $80 ABCD fee added to their dues invoices.
