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The CAS is pleased to release the Fall 2021 E-Forum, which includes the winner of the 2021 CAS Reinsurance Prize — “The Roulette Wheel and the Drunken Sailor: Principal-Agent Theory and its Ramifications for Insurance and Reinsurance Risk Management,” by Neil M. Bodoff, FCAS, MAAA.
The Academy released the amended Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (U.S. Qualification Standards, or USQS) on November 30. The amended U.S. Qualification Standards will take effect January 1, 2022, for statements of actuarial opinion issued on or after January 1, 2023. During this webinar, members of the Committee on Qualifications (COQ) will discuss the changes to the USQS that every actuary practicing in the United States needs to know.
Information on study aids and seminars is provided only as a convenience to CAS candidates. The CAS takes no responsibility for the accuracy or quality of the study aids and seminar announcements attached to this notice.
Please note that the Examination Committee expects candidates to read the material cited in the Syllabus and to use other material as a complement to the primary sources rather than a substitution for them.
The Casualty Actuaries of New England (CANE), an affiliate of CAS, has released the agenda for their 2021 Virtual Fall Meeting.
The American Academy of Actuaries, which sets standards for qualification, practice, and conduct for actuaries practicing in the United States, has revised the standards defining the qualifications of actuaries who issue statements of actuarial opinion (SAOs) in the United States. The revised Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS) will replace the existing qualification standards as of Jan. 1, 2022.
Don’t miss your last chance for organized CE from the Casualty Actuarial Society this year!
The CAS has organized a final virtual event in 2021, taking place December 8 from 9:30 AM – 5:00 PM ET. This virtual seminar features four sessions, as well as the opportunity for live video discussion with other attendees on the conference platform.
This webinar is complimentary to CAS Members.
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Balloting for the 2021 CAS election closed on August 31, 2021.
Roosevelt Mosley has been elected President-Elect.
Justin Brenden, Kathy Olcese, Yvonne Palm, and Jason Russ 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:
President-Elect
Roosevelt Mosley 2,317
The CAS expects to release results for the Fall 2021 exam MAS-II on November 30 and MAS-I no later than the week of December 6. The results for Exams 5, 6-Canada, 6-International, 6-United States and 8 will be released mid-December.
Results will be released between 2:00 and 3:00 p.m. ET. Candidates will be notified via email when their results are available. Candidates will access their exam grade for the Fall 2021 sitting in the “My Exams” section of their online CAS profile. For candidates that did not pass, a grade report will be available.
This is the first article in an occasional series profiling either a credentialed actuary or a CAS staff member. Our inaugural article does both as I interviewed Mallika Bender, FCAS and CAS Staff Actuary for Diversity, Equity and Inclusion.
Laura Hemmer: Hi, Mallika, and thanks for joining me. First things first: How did you first become interested in being an actuary?
The year 2020 was a watershed year for CAS candidates. In terms of exams, the Spring Exam sitting was cancelled, the CAS moved all exams to a computer-based testing (CBT) format, and the CAS decided to no longer release the exams after the sitting. We’ve all had to adjust, adapt and accept these changes. Therefore, with two sittings of CBT exams under our collective belts and a third sitting coming up, we have some CBT study tips!
We’ve narrowed down our tips to two major themes after reflecting our own experiences and speaking with other candidates:
Two new papers have been published on the Variance website:
Pricing Cyber Insurance for a Large-Scale Network
Lei Hua and Maochao Xu
The paper proposed an approach to pricing cyber insurance for a large-scale network using synthetic data generated by a flexible algorithm that considers both risk spreading and recovering.
Working with a Parametric Copula-Based Model for Individual Non-Life Loss Reserving
Roxane Turcotte, Hélène Cossette, and Mathieu Pigeon
Maryellen Coggins, FCAS, CERA, began a one-year term as president of the American Academy of Actuaries earlier this month. The Academy is a national professional association of actuaries with more than 19,500 members.
Established in 2016, the CAS University Award Program celebrates and promotes universities for the innovative and exemplary ways they prepare students for a career in the property and casualty insurance industry. Each year up to three schools are honored through this program. The winners each receive substantial recognition, such as on the CAS website and in a press release, as well as a monetary award of $5,000 to further enhance their programs.
The purpose of this seminar is to provide information on a variety of reinsurance topics. Practical approaches to problems will be presented and discussion will be encouraged. Participants can expect to gain awareness and insight into difficult issues and are encouraged to share their own ideas.
