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Are you ready to compete with some of the best and brightest young minds in the industry? The International Actuarial Association (IAA) Young Actuaries World Cup (YAWC) is a friendly global competition that provides young actuaries with an opportunity to showcase their skills under the framework of the profession's premier global event: the International Congress of Actuaries (ICA).
Link to the Agenda
In recent years, flames have blazed across California like never before. While wildland-urban interface zones have burned, the heat is also being felt in insurance regulation, creating a need for innovative solutions. The devastating aftermath of the California wildfires has ignited the minds of insurance entities, scientists, and property owners to begin rewriting the rulebook for wildfire coverage in the insurance industry. California is rebuilding not only its communities but the way it approaches wildfire.
The excess casualty line of business is at the epicenter of key trends impacting the industry, including social inflation, market hardening, and delays in the legal and claims process due to Covid 19. This multidisciplinary panel will discuss and assess the impact of those trends. It will also provide updates on litigation trends and exposures relevant to reserving actuaries.
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Prior to a rate change implementation, it is common for pricing actuaries, product managers and other insurance leaders to compare various rate scenarios and choose the one that best aligns with business objectives and regulatory considerations. However, to fully understand the impact of a rate change on a book of business, customer demand should be considered. This session will demonstrate how GBMs can be used to incorporate customer demand into a rate change decision-making framework.
Two new papers have been published on the Variance website:
“The Skewness of Cape-Cod in a Distribution-Free Model” By Eric Dal Moro
Based on an innovative stochastic model, this paper provides an estimation of the skewness of the reserving distribution resulting from the application of the Cape-Cod method on a triangle.
This session will provide comments on the current state of the professional liability market in 2022. We will highlight information for three property/casualty coverages: directors & officers, lawyers and cyber. All three coverages had similar trends.
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Picture this: You have your study materials, and you know your exam date – now all that’s left is to start studying. How are you going to carve out hundreds of hours over the next few months to get that studying in? While I don’t have a perfect answer to that question (because honestly the perfect answer likely only exists in fiction – I’m looking at you Hermione’s time turner), I do have some tips and tricks that have worked for me in the past.
As a Future Fellow, you’re likely either in your first entry-level actuarial role or you’ll shortly be in search of one. While we focus a lot on passing actuarial exams and developing technical skills in preparation for your career, don’t forget to put some real time and effort into developing your resume. Your resume is generally your entire opportunity to introduce yourself to prospective employers. Hiring managers often only take a minute or two to scan candidates before deciding whether to move them along or reject them.
Actuaries in their early careers aim to navigate and balance career, exams, friendships, family and sleep. Many of us take exams in order to learn and ultimately propel our career forward, believing exam success is a key determinant for career success. But outside of exams and technical know-how, have you wondered what could help move your career forward? Read on as amazing actuaries tell the advice they have received — or would give — and the positive impact this advice has had on their successful careers.
The Casualty Actuarial Society is proud to present the award-winning In Focus Seminar as a virtual event, October 13, 2022 from 10:30 AM – 5:30 PM ET. This virtual seminar features four sessions, each consisting of a short presentation mixed with engaging discussions with speakers and other attendees.
The event will focus on the theme, Inflation, Social Inflation, and ESG. What’s an actuary to do?!.
The CAS conducted its first annual Volunteer Feedback Survey during National Volunteer Week in April 2022. The survey was developed in partnership by volunteers and staff on the Volunteer Resources Task Force (VRTF). The goal was to gather input from volunteers across the organization related to their experiences volunteering with the Casualty Actuarial Society, to determine strengths of the volunteer program and opportunities for improvement.
Arlington, Va. – September 8, 2022 – The Casualty Actuarial Society (CAS) has announced the results of its elections, with Frank H. Chang, FCAS, being named president-elect for 2022-2023. Chang will begin his term at the close of the 2022 CAS Annual Meeting in November and will go on to serve as CAS president for 2023-2024.
The CAS Fall Volunteer Recruitment Campaign is now open, which means through September 30, nearly all CAS committees, working groups and task forces are recruiting new volunteers! Discover what volunteer opportunities are available and indicate your areas of interest and expertise by filling out the CAS Volunteer Interest and Participation (VIP) Survey!
Dear CAS Community,
Discussion of various case studies to illustrate the use of the Code of Conduct, ASOPS, guidance from the ABCD, US Qualification standards, in "real life" situations.
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The CAS is thrilled to announce that 2022 Annual Meeting registration is open! This meeting will have options for in-person or virtual attendance. The in-person component will be held in Minneapolis, Minnesota and the virtual option will include opportunities to participate in more sessions via livestream than have ever been available before.
The 2022 CAS election ballot is now available to be completed online. Voting members (Associates who have been members at least five years and Fellows) should have received an email from our online elections vendor, Skypunch Technology, with instructions for accessing the ballot.
In preparation for casting your ballot, please review the following materials available on the CAS website:
Dear CAS Members:
Balloting for the 2022 CAS election has closed and all candidates have been contacted regarding the results.
Frank Chang has been elected President-Elect.
Steve Belden, Julie Lederer, Len Llaguno, and Amber Rohde 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:
The Casualty Actuaries of Europe (CAE) are excited to announce that we will be holding our first live event since 2019 in Zurich on 7 October 2022, hosted by SCOR. The presentation of the 2022 SCOR Switzerland Actuarial Award will be incorporated into our event. We expect the sessions to start at around 9am (with doors opening at 8am) and run through to 5pm, with plenty of networking breaks.
Please plan on joining us at the CASE 2022 In-Person Fall Meeting on Monday, October 3, 2022 for a chance to earn organized activity continuing education credits.
Register Here
REGISTRATION DETAILS:
The Leadership Summit returns to an in-person format in 2022, with an opportunity for remote participation. Chairs, Vice Chairs, Regional Affiliate officers, Vice Presidents, Staff and others will gather to:
