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The Casualty Actuarial Society (CAS) has received 12 awards across three association award programs for exemplary work completed in 2021. The three programs include the EXCEL Awards, TRENDY Awards and Communicator Awards.
CAS CEO Victor Carter-Bey said, "The CAS is exceptionally proud to be recognized for our dedication, creativity and innovation in the field by receiving these 12 industry awards."
The complete listing of awards includes:
The Asia Region Casualty Actuaries (ARECA), the Casualty Actuarial Society's Regional Affiliate in Asia, is pleased to announce its new leadership for 2022. Jeremy Lian, FCAS, Senior VP, Technical Services at MSIG Singapore, will succeed Jin Wang, FCAS, as the new President of ARECA. Jeremy’s President message can be found here.
Other updates include:
Registration is now open for the October/November 2022 CAS Exam Sitting, for exams MAS-I, MAS-II, 5, 6-Canada, 6-International, 6-US and 8. The registration deadline is October 7, 2022 at 11:59 PM ET. For exam dates and additional information, visit the exam registration page.
A new paper has been published on the Variance website:
“Security Posture-Based Incident Forecasting” by Dagmawi Mulugeta, Ben Goodman, and Steven Weber
This paper presents a method of utilizing machine learning to conduct security posture-based forecasting which offers certain improvements over current methods of establishing the probability of cybersecurity incidents.
CAS members are invited to attend the 2022 Annual Meeting of the International Association of Black Actuaries (IABA), scheduled for August 11 - 13, 2022 at The Roosevelt Hotel, New Orleans.
The meeting is open to all who support IABA’s mission to contribute to an increase in the number of black actuaries and to influence the successful career development, civic growth and achievement of black actuaries.
The meeting allows attendees to earn CE credits from professional development sessions on cutting-edge topics, including:
This intensive bootcamp features lectures, group Capstone Projects and time for individual engagement with our instructors. This course will give the attendee an introduction to the R programming language, with the objective of preparing attendees to be able to apply what they've learned upon completion of the course. To that end, the focus is on direct, interactive content delivery.
Attendance is limited to 16 participants, individual registrations only. Group registrations are not permitted.
Registration for October/November exams will open on July 5, 2022. For exam dates and more information, visit the Registration webpage.
The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved an exposure draft of a revision of Actuarial Standard of Practice (ASOP) No. 20, now titled Discounting of Property/Casualty Claim Estimates. The ASOP applies to actuaries when performing actuarial services that involve the discounting of claim estimates for property/casualty coverages to a present value.
This webinar is 90 minutes.
This webinar is complimentary to non-North American audiences in the CAS.
This webinar will address COVID and pandemic modelling as a new area for actuaries to consider across varied practice areas. It will attempt to analyse and understand the factors influencing COVID outcomes in different parts of the world by comparing examples in UK and some sub-saharan African countries. The webinar will cover the basics of disease spread modelling, its data needs and how to incorporate assumptions to use for scenario modelling.
PLEASE NOTE: This webinar has been moved from May 24 to September 29, 2022.
The pet insurance market in the United States has been growing fast for years and this market growth was accelerated in 2020 by the "pandemic puppy boom". But, the profitability of pet insurance carriers has been underwhelming recently due to high levels of veterinary services inflation, escalating loss cost trends and expanding care demands of pet owners.
At CNA we are building a next-generation data and analytics foundation as part of our transformation to an AI-driven Insurance organization. The key pillars of this transformation include:
Presentation will begin with an overview of the Insurance Information Institute’s (Triple-I) quarterly insurance economics outlook and underwriting projections, prepared by their economists and actuaries. The presentation will then transition to Triple-I’s perspective on key risks and opportunities facing the insurance industry.
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What should every actuary know about doing work outside of the United States? We'll review the Actuarial Code of Conduct, and give an overview of the International Actuarial Association (IAA). We will also go through a couple of examples of International Work to figure out what Actuarial Standards of Practice may apply!
When the CAS has a Global focus - all CAS members should have some basic knowledge of what Professionalism means internationally.
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This presentation will share ideas on how actuaries can create a pricing framework using next generation technologies. First, we will compare and contrast existing pricing frameworks leveraging common analytics software such as Excel and Access/PowerBI to cloud-based solutions.
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How has Covid-19 impacted the insurance industry results? For potential covid losses, insurance companies booked IBNR during calendar year 2020 and 2021 : are these losses materializing?
COVID has also resulted in delays in cases going to trial. How will these delays ultimately affect insurance claim payouts? New data exists to measure this effect via a tool that merges attorney records with claim data.
And Covid-19 remote working impacted significantly the insurance industry. What can we expect post-Covid?
The CAS expects to release all results for the April/May 2022 sitting on or before June 24, 2022.
Results will be released between 11:00am and 12:00pm ET. Candidates will be notified via email when their exam results are available. Candidates will access their exam grade for the April/May 2022 sitting in the “My Exams” section of their online CAS profile. For candidates that did not pass, a grade report will be available.
Reunited. Reignited. A Family Affair
Join the International Association of Black Actuaries (IABA) in New Orleans August 11-13 for an extended weekend of professional and career development activities.
Featuring over 80 of the profession’s premier employers, this event will help you take your actuarial career to the next level.
Our incredible slate of speakers will inspire you and provide invaluable insight. It truly will be a family affair!
IABA members get a discounted admission to the conference.
Imagine for a moment that all the volunteers who contribute to the various non-profit and professional organizations you are aware of stopped giving their time to support the organizations. What would happen? Almost all of them would cease to exist, right? Yep! The same is true for our beloved Casualty Actuarial Society. The volunteers who serve on various working groups, grade exams, put together this newsletter and all the other roles in between are the lifeblood that sustains the CAS. As a volunteer, you are so important to our success!
Hopefully, everyone has seen the CAS Admissions Transformation Plan (ATP), which details CAS plans for the future of admissions. If not, please check out casact.org/atp. The ATP has a wealth of details and milestones on what changes you can expect in the next few years as CAS Admissions evolves, but there’s also a lot of words in there that have specific meanings to the CAS.
