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Enjoy an unforgettable dinner with fellow Spring Meeting attendees set against a backdrop of ocean animals and a scenic view of Boston Harbor! The CAS is excited to announce that our Tuesday night dinner will be hosted at the New England Aquarium! During this special event, you will have the opportunity to privately view first-class exhibits featuring animals from around the world and mingle with fellow members as penguins, sea turtles and thousands of tropical fish swim beside you. Inside, the four-story Giant Ocean Tank creates a fascinating centerpiece for the evening.
We are seeking your help finalizing our exam grading rosters for this sitting, specifically for Exam 5: Basic Ratemaking and Estimating Claims Liabilities, Exam 7: Estimating Liabilities, Valuation, and ERM, and Exam 9 Financial Risk and Rate of Return. Anyone who volunteers to grade this sitting will be eligible to win a $100 Amazon gift card.
This webinar is 90 minutes.
This webinar is complimentary to non-North American audiences in the CAS.
In recognition of outstanding leadership and efforts within the insurance industry developing solutions for authenticity, inclusion and diversity, the Casualty Actuarial Society (CAS) has been honored with the 2022 Diversity and Inclusion Industry Champion of the Year award from Gamma Iota Sigma (GIS). GIS is the industry’s premier collegiate talent pipeline, serving over 5,000 students and 25,000 alumni from a growing network of over 100 colleges and universities throughout North America.
Registration for the May 2023 CAS Exams MAS-I, MAS-II, 5, 6-Canada, 6-US, 7 and 9 will close on April 10, 2023 at 11:59 p.m. ET.
Register
Do you have thoughts about how to improve the research section of the CAS website? Do you want to share them? If so, we want your help!
A new paper has been published on the Variance website:
“Individual-Level Loss Reserving and Environmental Changes” by A. Nii-Armah Okine
Macro-level models are still popular methods for reserve prediction. This paper advocates for increased implementation of micro-level reserving models and shows that micro-level reserving methods could easily accommodate environmental changes.
The 2023 Winter E-Forum features papers from Wang, Cullinane, Sen and Brown/Julga/Merz on Pareto-Gamma Mixture Excess Severity, Forecasting Audit Premiums, Prospect Theory & Cat Bonds, and P&C Reserving Best Practices.
Read the Issue
CAS Loss Simulator 2.0 is an open source R package (cascsim.zip), helping actuaries perform transaction data fitting and claim-level loss reserving. It comes with an Excel Front End to assist users with an easy to use interface.
Conference will include:
Continental Breakfast: coffee, tea, baked goods, fresh fruit and yogurt.
Buffet Lunch: Garden Salad, Chicken Piccatta, Veggie Lasagna, sides and dessert.
Kosher meals and gluten free pasta primavera available upon request.
Midmorning and Afternoon refreshment breaks
Topics Include:
Please welcome four new candidate representatives and one new CAS member to the Candidate Advocacy Working Group this year! These volunteers help advocate candidate’s viewpoints to the broader CAS community. Candidate representatives are volunteers who haven’t yet achieved the ACAS but are actively taking CAS exams. CAWG members are your voice in the CAS — don’t hesitate to reach out to CAWG@casact.org with any feedback, ideas or comments!
The CAWG is kicking off a new series in Future Fellows with the goal of taking your questions and answering them in each issue. To get us started we took a question that has come up recently as the CAS is enhancing its exams through the Admissions Transformation Plan (ATP).
Registration is now closed.
We are looking for subject matter experts who are familiar with the following CAS Exams:
Exam 5: Basic Ratemaking and Estimating Claims Liabilities
Exam 6U: Regulation and Financial Reporting (United States)
Exam 7: Estimating Liabilities, Valuation, ERM
Exam 9: Financial Risk and Rate of Return
In late May, actuaries from around the world will travel to Sydney, Australia to participate in the 2023 International Congress of Actuaries. Many CAS members are planning to be in attendance, and CAS President Roosevelt Mosley, FCAS, will be featured as a keynote speaker at the event.
Over 230 insurance industry professionals recently earned their Associateship (ACAS) or Fellowship (FCAS) credentials from the Casualty Actuarial Society (CAS) by passing examinations given during the CAS’s Fall 2022 exam sitting.
Digital transformation, autonomous vehicles, embedded insurance, reinsurance insurtechs: take advantage of the professional education in these hot topics in this one-day virtual seminar.
Group registration is available.
Data science: A new toolset for the actuarial professional
Data science is increasingly pervading different parts of our lives, from recommender algorithms suggesting what we might like to watch on Netflix to ChatGPT passing MBA exams. As many of us know or have seen firsthand, data science has also impacted our work as actuaries. Some of us might even be concerned that we’ll be replaced by data scientists!
Wherever you are on your CAS journey, there are professional standards to which you are held. Candidates must abide by the Code of Professional Ethics for Candidates. CAS members are held to the standards of the CAS Code of Professional Conduct. Precept 3 in the CAS Code states:
