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The Importance of Adverbs on Exams
By Steven D. Armstrong, FCAS, Examination Committee General Officer
During the creation of the CAS exams, the writers, Part Chairs, and General Officers pore over the meaning of every word in each question to ensure that the question is not ambiguous and that it prompts the test-taker to provide enough information to demonstrate required mastery of the relevant subject material.
As part of the CAS Strategic Approach to Diversity, Equity and Inclusion (DE&I) adopted by the Board of Directors in September 2020, the CAS has committed to setting concrete goals and maintaining transparency and accountability on progress on our DE&I initiatives. To this end, we have built a set of detailed demographic metrics for CAS members and candidates, designed to help us understand the current state of diversity in the CAS, set goals, and track changes over time.
The Organization of Latino Actuaries (OLA) is a group of hardworking individuals whose mission is “to increase the number of Latino Actuaries by promoting the profession and providing guidance, mentorship, and networking opportunities.” I recently got the opportunity to speak to Danny Fernandez, FCAS, one of OLA’s founders and its current president. As a member of the OLA Board of Directors, Fernandez spoke about many of the initiatives OLA has undertaken since its incorporation in 2017.
Chartered Enterprise Risk Analyst (CERA)
The CAS is an award signatory for the Chartered Enterprise Risk Analyst (CERA) credential.
Learn more about the CAS awards for research papers, awards for service to the profession, and scholarships, including the CAS Trust Scholarship.
CAS Honors Excellence in Actuarial Science
Last year, the CAS announced that the Board of Directors unanimously approved rescinding the three CAS Statements of Principles related to ratemaking, reserving, and valuation, for the reasons discussed therein. Since then, members and other stakeholders have raised concerns with the Board’s action, specifically related to the Statement of Principles regarding Property and Casualty Insurance Ratemaking.
It is said that a journey of a thousand miles begins with one step. Using Pearson VUE computer-based testing (CBT) services for the Fall 2020 exam sitting represented that one step for the Casualty Actuarial Society (CAS).
Engaging Pearson is expected to have numerous benefits for candidates in the future. These include the ability for questions to simulate real-world scenarios, additional testing opportunities, scheduling flexibility and, one day, maybe even preliminary results for multiple choice exams.
The Candidate Liaison Committee (CLC) is a group of about 25 volunteers who work to be the conduit of information and feedback between the CAS and the candidates who are taking CAS exams. William Wilder, CAS Vice President-Admissions, put it best at the CLC’s recent, virtual annual meeting: “The CLC is the voice and the ear of the candidates.” We are excited to welcome four new CAS members to the CLC.
Ildiko Ban joins the committee from North Vancouver, Canada.
"President’s Message: Bootstraps, Leadership & Uber: A Conversation with Frank Chang” is the first in a new video series presented by Actuarial Review. In this first interview, CAS President Jessica Leong talks with Uber’s Frank Chang, FCAS, about the new CAS Strategic Plan, his thoughts on the future of insurance, and his current role with Uber. The video series features conversations with prominent actuaries and is designed for career-minded professionals. Look for more in the series on the CAS YouTube Channel.
Have you ever been studying for an exam and thought, "Why am I learning this stuff? When am I ever going to use any of it?" If so, you are in luck! This is the first in a series of articles examining how content from CAS exams are used in real life. First up is Modern Actuarial Statistics-I (MAS-I).
Have you ever been studying for an exam and thought, "Why am I learning this stuff? When am I ever going to use any of it?" If so, you are in luck! This is the second in a series of articles examining how content from CAS exams are used in real life.
I have always felt that Exam 5 is the first uniquely actuarial exam, and Exam 6 is the exam that makes you finally feel like an actuary. When you pass Exam 6, you will find yourself vastly more knowledgeable on general P&C insurance regulations, history and financials, and insurance’s role in society.
Registration is now open for the Spring 2021 CAS Exam Sitting, for exams MAS-I, MAS-II, 5, 6-Canada, 6-US, 7, 8 and 9. The registration deadline will be April 9, 2021 at 11:59 PM ET. For exam dates and additional information, visit the exam registration page.
The recording of the October 28, 2020 Admissions Webinar is now available for viewing in the CAS online learning platform. Recorded in advance the Fall 2020 Exam sitting, the webinar for candidates featured a conversation with CAS leadership to hear the latest updates related to the delivery of exams via computer-based testing (CBT) through the CAS partnership with Pearson VUE.
https://www.casact.org/admissions/syllabus/index.cfm?fa=7syllabi&parentID=167
The Casualty Actuaries of New England (CANE), an affiliate of CAS, has released the agenda for their virtual spring meeting, 2021.
