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The CAS will be publishing two books by Jacque Friedland. The next syllabus update will include both Jacque’s new publication on reinsurance and an update to the exam 5 reserving textbook, both critical to our industry. We are looking for volunteers to do a technical review of exhibits with numeric examples. A general actuarial knowledge of reserving practice and techniques and/or reinsurance are required. Members and candidates are encouraged to apply for this opportunity as all volunteer editors will have their name published in the list of contributors to the books.
During this session, we will share data visualization principles from prominent authors and demonstrate the utilization of various design techniques. The session will compare “before” and “after” visualizations to demonstrate improvement in effectively communicating the actuary’s message. We hope to inspire the audience to consider graphing design alternatives.
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Similar to other professions, upon receiving ACAS and FCAS credentials, you are required to maintain a certain number of continuing education (CE) hours each year (a useful video on CE requirements can be found on the New Members page of the CAS website.)
I started my journey as an actuary four years ago. Now, just two exams away from receiving my Fellowship, I have been able to reflect on the age-old question I receive from family and friends alike: Was it worth it? Here are a few aspects of the actuarial profession that have led me to believe the answer is yes.
Studying for more than one sitting of my final two CAS exams, I noticed a number of changes to the syllabus. At the time I was studying, there was a major change that involved renumbering of Exams 8 and 9 and shifting of the syllabus learning objectives related to profitability provision between exams. But another interesting thing occurs with the syllabus where learning objectives do not change but the associated readings do.
The DRM committee has awarded a $2,500 prize award to the authors: John Burkett, FCAS, MAAA, PhD; Jennifer Cheslawski, ACAS, MAAA; Gerald Kirschner, FCAS, MAAA; Timothy Pratt, FIAA, MAAA and Diana Rangelova, Fellow, Institut des Actuaires for their paper “Holistic Approach to Setting Risk Limits”.
Balloting for the 2018 CAS election closed on August 29, 2018.
Steven D. Armstrong has been elected President-Elect.
A. David Cummings, Stephen Mildenhall, Julia Stenberg, and Melissa Tomita 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
Balloting for the 2019 CAS election closed on August 29, 2019.
Jessica Leong has been elected President-Elect.
Kuda Chibanda, Todd Lehmann, Mary Frances Miller, and Kathy Odomirok 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
Jessica Leong 1,584
Director
Balloting for the 2020 CAS election closed on August 31, 2020.
Kathy Antonello has been elected President-Elect.
Kris DeFrain, Alejandra Nolibos, Erika Schurr, and Geoff Werner 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
Kathy Antonello
1,557
As candidates try to prepare for each upcoming exam, one of the most common questions asked is, "How should I go about getting ready?" Entry-level candidates know what's worked for them in high school and college; however, actuarial exams are quite different. Mid-level candidates know what worked for preliminary exams but written-answer exams require a different approach. In the end, everyone is looking for ways to make the studying process both efficient and effective.
Whether you are starting a new exam, have decided to change up your study strategy for another attempt at your old nemesis, or something in between, you may have overlooked an important resource for "new-to-you" study tips and tricks. Hook up your flux capacitor, jump in your T.A.R.D.I.S., or activate your tachyon drive and follow me back in time to the Future Fellows archives!
I bet the idea to take two exams during one sitting flits across the minds of most candidates at some point during their exam journey. It sounds so tempting to shave six months or more off of your ultimate travel time, but setting aside more hours to study than you already do for one exam is quite the deterrent. Most candidates tend to stick with one exam at a time, but some candidates attempt and pass two in one sitting.
As a candidate, your time is precious. Each moment needs to be efficient and effective. For example, if you are going to dedicate any of your valuable time to volunteer efforts, you want to make sure that it is meaningful and lasting. The Actuarial Foundation provides just such an opportunity!
When I heard that a new organization called the Sexuality and Gender Alliance of Actuaries (SAGAA) had been formed, I was thrilled. As a bisexual woman who didn’t feel comfortable being “out” at work, this felt like the actuarial organization I didn’t know I needed. I’m now out and on the board of SAGAA, and I hope that the organization can make all actuaries who identify as LGBTQIA+ (Lesbian, Gay, Bisexual, Transgender, Queer, Intersex, Asexual, plus others) feel comfortable being who they are.
2017 CAS UNIVERSITY AWARD WINNER - UNIVERSITY OF WISCONSIN - MADISON
Every three years there is a change in the leadership of the CAS Admissions Committees. Three years ago, Jeanne Crowell started her tenure as vice president-admissions, I became chairperson of the Candidate Liaison Committee (CLC) and Jason Russ became the chairperson of the Syllabus and Examination Committee (SEC). Now that terms are up, we are welcoming our respective replacements William Wilder, Laura Hemmer and Jim Sandor. Laura Hemmer, who is taking over my role, has prepared by serving as vice chairperson for the past year.
Save the date and stay tuned for more details on the following CE opportunities.
Ratemaking, Product, and Modeling (RPM) Virtual Seminar
March 15-17, 2021
The RPM Seminar Planning Committee is putting on this three-day virtual event complete with:
There are several approaches to conducting research that can be utilized by CAS Research and Development Committees:
From Article VIII, Section 4 of the CAS Bylaws
“A Fellow, Associate or Affiliate who has ceased to be a member because of failure to pay dues, or by voluntary resignation, may be reinstated by a majority vote of the Board of Directors upon payment of a reapplication fee, to be set by the Board of Directors, and such payment may be partially or fully waived by the Board at its discretion”.
CAS Membership Reinstatement Process
CAS Code of Professional Conduct
(As Amended November 12, 2000)
(Effective Date: January 1, 2001)
The purpose of this Code of Professional Conduct ("Code") is to require Actuaries to adhere to the high standards of conduct, practice, and qualifications of the actuarial profession, thereby supporting the actuarial profession in fulfilling its responsibility to the public. An Actuary shall comply with the Code. An Actuary who commits a material violation of the provisions of the Code shall be subject to the profession's counseling and discipline procedures.
