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As many CAS members know, February is National Black History Month – a month honoring the contributions and legacy of Black people throughout U.S. history. To celebrate and share stories from CAS’s Black members and community, the CAS ran the BHMxCAS campaign throughout the month of February.
The CAS is in the midst of our Summer of CE, a campaign designed to highlight our summer events and provide discounts on special offerings. To better understand the on-site and virtual event experience, we conducted a survey of recent CAS event attendees. We are delighted to share the results below.
Here are key findings from the survey:
We hope you have enjoyed following along with the hashtag #ActuariesinTECH this July. Throughout the month, we highlighted our members working in the tech space and their unique innovations in both big tech and the startup space. This campaign is the fourth in our “Actuaries in…” series, following #ActuariesinCOMMUNITY, #ActuariesinMUSIC and #ActuariesinPOP.
I had the opportunity to interview the new CAS President, Frank Chang, FCAS, while attending the 2023 Annual Meeting in Los Angeles. Chang and I discussed developments in the CAS Admissions Transformation Plan (ATP) and expectations for future changes to the CAS examination and credentialing process, diverging experiences and pathways between CAS candidates and candidates pursuing other actuarial credentials, and the CAS’s commitment to strengthening DEI in our profession, among other topics.
As we come to the end of 2023, the Candidate Advocate Working Group (CAWG) wanted to reflect on what our amazing group of volunteers has accomplished.
Milton Friedman, a distinguished economist and statistician, who was honored with the Nobel Memorial Prize in Economic Sciences in 1976, once famously said, “They [actuarial exams] are about the hardest examinations in the world, as anybody will tell you, in mathematics. I failed some and passed some.” Indeed, actuarial science has long been associated with complexity and rigorous mathematical analysis. Actuaries play a vital role in the insurance industry, estimating risks and managing financial outcomes, earning admiration and recognition from many stakeholders.
For our final installment of the Practical Professionalism series, we’re going to look at the following hypothetical scenario:
In the property and casualty industry, there are certain roles that are more common for CAS students and credentialed actuaries. It is very common, especially early in a P&C actuarial career, to work in some capacity with pricing or reserving. Many students out of college find their first job or internship completing rate reviews and filings for a P&C insurance company. It’s a great way to gain an early understanding of what the actuarial profession will entail, but it isn’t the only route.
The CAWG kicked off a new series with the goal of taking your questions and answering them in each issue. We invite you to send us your questions by emailing cawg@casact.org. All questions will be posted anonymously and answered by members of the CAWG.
Q: When will candidates be required to take the new Property Casualty Predictive Analytics (PCPA) project as part of achieving the CAS Associate designation?
The new practice exam, which consist of new and original questions developed by The Infinite Actuary, ACTEX and Coaching Actuaries, in partnership with the CAS, launched in October 2023. Candidates can register at any time to take the four-hour practice exam, consisting of 45 new multiple-choice questions, by visiting the MAS landing pages on the CAS website. A full announcement is available on the CAS website.
OBJECTIVE
The objective of the scholarship is to further students’ interest in the property/casualty actuarial profession and to encourage the pursuit of the CAS designations.
AMOUNT OF SCHOLARSHIP
The CSAF Scholarship Program will award $2,000 scholarships to college students for the current or subsequent academic year to assist with exam costs. This scholarship will be awarded on the basis of individual merit.
ELIGIBILITY – To be considered all applicants must:
Deadline extended to January 5, 2024 and prize fund increased to $15,000!
The Casualty Actuarial Society (CAS) and the CAS Reserves Working Group are pleased to issue a call for papers on reserving topics, with a focus on technology and the reserving actuary. The goal of this call for papers is to facilitate the publication of clear, practical, and accessible papers. Proposals should be submitted by January 5, 2024.
Join us at this CAS-exclusive seminar for a unique blend of traditional actuarial principles and cutting-edge machine learning insights. Led by Max Martinelli, Actuarial Data Scientist at Akur8, we'll explore how classic actuarial methods can be enhanced with the latest predictive analytics techniques. Discover practical strategies to stay competitive in the actuarial field and build superior models. Don't miss out on this opportunity to gain valuable insights and level up your skills in model building!
The CAS provides continuing education through live events and online content to actuaries and other professionals interested in property, casualty, and similar risk exposures. CAS works to create programs to enhance an actuary’s skills and knowledge and help experienced professionals keep up to date on advances in the field.
In the evolving diversity, equity and inclusion (DEI) conversation, the focus is often on one pillar or another and not necessarily the fact that DEI is a Venn diagram. This session will focus on the dynamics of two components of DEI: Black and LGBTQ+ identity as it relates to the actuarial profession. We will cover personal experiences of our practitioners and the areas where diverse perspectives can impact the products and services we provide to the market.
Through the discussion of interactive case studies the panelist will illustrate the use of professionalism standards like the Code of Conduct, ASOPS, guidance from the ABCD, US Qualification standards, in "real life" situations.
Learning Objectives:
Learn how the Code of Conduct, ASOPS, and US Qualification standards apply to CAS members.
Apply these documents in real-life situations.
Learn More
The Exam 6-Canada syllabus includes the CCIR Final 2023 IFRS 17 P&C Insurance Return. Please note that several of the documents linked below are reproductions of an official work. In these cases, "the reproduction is a copy of an official work that is published by the Government of Canada and that the reproduction has not been produced in affiliation with, or with the endorsement of the Government of Canada." To emphasize that several of these documents are copies of an official work, a "SAMPLE" watermark has been added to these archived documents.
With the spring exam administration closing and summer nearing, we recognize that it may be difficult to stay informed about updates being implemented through our Admissions Transformation Plan (ATP), so we are providing multiple updates at this time. Some of these updates directly impact the October/November 2023 administration, while others will take effect in 2024 and beyond.
Announcements at a glance:
Announcing New Property and Casualty Predictive Analytics (PCPA) Requirement
