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The CAS has formed research working parties on a variety of topics, under the guidance of a Research Committee, with the specific charge to produce a research product or solve a research goal in a specified timeframe to help the CAS address long-standing research problems. The end result of a Working Party is often a written research paper or possible demonstration software. Below are links to the finished product of past CAS Working Parties.
Read the March 2020 Future Fellows.
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Read the December 2020 Future Fellows
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The Call
The Casualty Actuarial Society, in conjunction with the CAS Monograph Committee, is pleased to extend a call for monographs on the topic of Claim Inflation (often commonly referred to simply as “Trend”). The purpose of this call is to develop a source of literature with emphasis on the educational and professional needs of actuaries to systematically and explicitly account for claim inflation with particular focus on its impact on P&C actuarial pricing and reserving.
Midwestern Actuarial Forum
Spring 2021 Meeting Minutes
March 4, 2021 and March 5, 2021
Discussing case studies related to professionalism.
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This webinar will enable attendees to understand key principles and requirements involved in the regulatory review of predictive models and, in particular, will address how the Property and Casualty Section of the Nevada Division of Insurance reviews predictive models, what support is required for such models, common issues encountered in the course of review, and ways in which communication can streamline the review process.
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The 2021 Spring CASE meeting was held on March 23rd 2021 virtually. Below is the agenda with links to presentations listed afterwards.
PRESIDENT'S AWARD
The President's Award is given to members of the profession who have, in the opinion of the President, made a particular and special contribution to the Casualty Actuarial Society during the President's term. There is no limit to the number of awards that may be given by each President and in some years there may be none.
The Casualty Actuarial Society is presenting the In Focus Seminar as a virtual event, October 20 – 22, 2020.
This three-day event will cover these topics:
Pandemics and the P&C Industry – October 20
Implementing Data Analytics for Underserved Topics – October 21
Expanding the Actuarial Toolbox – October 22
VOLUNTARY SECTION DUES DESCRIPTIONS
Pay for your section dues online, along with your CAS dues payment or add these items to your shopping cart separately from the Merchandise section of the Online Store.
Please note: CAS members that are not members of the AAA have an $80 ABCD fee added to their dues invoices.
The Casualty Actuarial Society (CAS) has now launched its Climate Change Resource Library, a compendium of past meeting and seminar presentations, recordings, articles and research papers all related to the impacts of a changing climate on P&C insurance risks. As CAS members know, actuaries are uniquely positioned to record, report on and analyze climate change data.
The Enterprise Risk Management and Modeling Seminar for CERA Qualification is the first of two requirements of current CAS Fellows (or Associates with Exams 7 and 9) to be a credentialed CERA by the CAS. The second requirement is passing the SP9 Enterprise Risk Management Specialist Technical Exam of the Institute and Faculty of Actuaries. As this seminar is a requirement for the CERA designation, participants must attend the entire seminar and actively participate in the group activities in order to be credited with this component of the CERA designation process.
CAS is excited to announce the launch of its new website at casact.org. After more than a year of development, the new website offers our members, candidates and other stakeholders a better user experience across a wide range of features.
Enhancements to the new casact.org include:
Dear CAS Community,
The events of the past year have reignited calls for scrutiny on systems of racial bias and their impacts, including across various insurance industry processes and practices. The topics of disparate impact and fair and unfair discrimination are now being broadly discussed among regulators, consumer advocates, and insurers. This has encouraged CAS members and leaders to further consider what role actuaries can and should play in addressing these important issues.
The Winter 2020 E-Forum issue features four essays on communications to senior management. Those essays include:
"Communication of Technical Results to Senior Management: The Art of Storytelling" by Jonathan Charak, FCAS, MAAA, CPL
"Communicating in Crisis Situations" by Rick Gorvett, FCAS, CERA, MAAA, FRM, ARM, Ph.D.; Chris Morse, Ph.D.; and Julie Volkman, Ph.D.
"Setting the Scene for Communicating Technical Results to Senior Management" by Christopher Smerald, FCAS, FIA, MAAA
The CAS has developed a CBT tutorial video to accompany the sample questions and example solutions for CAS Exams 5-9 released earlier this month. This video walks candidates through the various spreadsheet functions and features to become familiar with prior to exam day.
Our May update about on-demand education available from UCAS features content from our recent webinars and the recent Virtual Spring Meeting.
Dear CAS Members,
The CAS is closely monitoring the continuing developments pertaining to the outbreak of the novel coronavirus (COVID-19). With the constant stream of evolving information, I wanted to provide our community with an update on the considerations and actions the CAS is taking to ensure the health and safety of our members, candidates, and other stakeholders. These include:
Cancelling the 2020 Ratemaking, Product and Modeling (RPM) Seminar set to take place March 23-25 in New Orleans.
This E-Forum contains four submissions in response to a call for papers on reserving issued by the CAS Reserves Committee (CASCOR). Also included are five independent research papers. Learn More.
Do you want to help improve the diversity of the actuarial profession? The Organization of Latino Actuaries (OLA) is looking for volunteers to help Latinx actuarial candidates navigate the job search process.
This year, we are launching the OLA Academy, a webinar series that will help participants with various aspects of the job search process like resumes, interviews, and networking. We are looking for volunteers to help participants turn these new learnings into action.
Due to the unprecedented events in recent days, the CAS has created a special half-year multiple connection subscription plan for employers who need to provide CE to
The National Association of Insurance Commissioners (NAIC) is amending the 2020 Property Casualty Annual Statement Instructions to include new requirements for property casualty appointed actuaries. The new requirements are a result of an NAIC independent consultant’s recommendations that procedures be implemented to bolster verification of a property casualty appointed actuary’s continued competency to sign statements of actuarial opinions for NAIC annual statements.
The Casualty Actuarial Society recently published a new piece of research with potential immediate applications in the P&C insurance sector. Data Quality Management in the P&C Insurance Sector is a useful tool for insurance practitioners in the fields of underwriting, executive management, accounts/financial reporting and academia. It also has helpful implications for data scientists and engineers.
This monograph covers the following topics:
