Volunteer for the CAS
For general information on volunteering please send an email to email@example.com.
The CAS has a great culture and history of volunteerism and depends very heavily on its volunteers. The Participation Survey is the primary tool used by committee chairpersons to staff their committees. Please take the time to complete the participation survey when it is available.
Your volunteering is good for the CAS, but it’s also good for YOU.
- Volunteering provides a great opportunity for networking. Working on CAS Committees is a great way to meet other CAS members with similar interests.
- Serving as a committee member or chair will give you the opportunity to develop interpersonal and time management skills that will benefit you on the job.
- Many volunteer opportunities offer a chance to become involved in pioneering fields of actuarial practice.
- Volunteer opportunities can be tailored to meet your particular situation. Your personal interests, available free time, and travel constraints all factor into the committees and roles that will work for you.
- Geography is not a limitation to your involvement. Participation by members outside the U.S. and Canada is encouraged.
- If you are looking for short term commitments, those are available as well.
Request for Volunteers for Inflation Sensitive Exposure Bases Working Party
Posted: February 14, 2017
The newly formed Inflation Sensitive Exposure Bases Working Party is in need of volunteers who have experience with this topic and are interested in exploring new research ideas. Volunteers can be members, researchers, and/or academics and are expected to actively participate, including attending conference calls (how frequently would depend on the working party and its chair), conducting research, and collaborating with others to create projects with the goal of presenting findings at a future CAS meeting. The working party will be expected to produce a deliverable within 12 to 18 months.Here is a description of the working party:
Inflation Sensitive Exposure Bases Working Party
Loss trend and exposure trend assumptions could be major driving forces behind on-leveling procedure and, subsequently, an ELR selection. Both rate change calculations and frequency trend should reflect potential changes in exposure. However, many products have inflation sensitive exposure bases: revenue, assets, total cost of work and such. In these situations, the exposures are just a proxy for the activity which could give rise to claims. Because these exposure are inflation sensitive AND are correlated with economic activities, there are a strong possibility that traditional actuarial technique of adjusting for ‘exposure growth’ might be outdated and not very accurate. Consequently, our understanding of ‘LR trend’ for the lines with inflation-sensitive exposure basis might not be as robust as we would like and definitely not as accurate as for non-inflation sensitive exposures.
The lines with most uncertainty due to exposures are: Umbrella, some Professional Liability and Management lines (D&O and Fiduciary, mostly) – both loss cost trend and rate changes could be impacted by changes in exposures.
CAS should be able to provide guidance on how to deal with volatile and exposures, especially during financial downfall or fast recovery – where historical correlation between exposure and losses is not applicable.
If you would like to take part, please email Karen Sonnet, Research Coordinator (firstname.lastname@example.org) and provide your name, why you want to participate in this working party, and any relevant prior experience or background pertaining to this topic.
Volunteers Needed for New Research Working Parties
Posted: January 12, 2017
As a result of member input at CAS meetings last fall, three new working parties are being proposed in these areas:
- Optimal Reinsurance in Several Layers
- Predictive Analytics in Capital Modeling
- Inflation Sensitive Exposure Bases
The CAS is looking for 5-10 volunteers for each group so that work may begin with the expectation that it will be completed within a 12-18 month period. Volunteers can be members, researchers, and/or academics and are expected to actively participate, including attending conference calls (how frequently would depend on the working party and its chair), conducting research, and collaborating with others to create projects with the goal of presenting findings at a future CAS meeting. In addition, volunteers may be able to count their hours to “organized activity” as committee work according to the American Academy of Actuaries Qualification Standards.
If you are interested in working in these areas, please complete this survey by January 31. We will do our best to get you placed on any working party in which you show interest.
New Working Party Established to Research Auto Loss Cost Trends
Posted: July 21, 2016
The CAS is forming a new research working party to better understand trends in auto loss costs.
The CAS Auto Loss Cost Trends Working Party is charged with the development of a dashboard framework for identifying, measuring, monitoring, and reporting on insurance and non-insurance factors that may impact and explain varying and emerging state-by-state auto loss trends. This CAS Working Party will collaborate with the SOA General Insurance Practice Research Committee and the Property Casualty Insurers Association of America (PCI) to study these trends and analyze contributing factors. The PCI has initiated some groundwork analysis on these contributing factors that include: variations in miles driven, the price of gas, traffic congestion, distracted driving, road construction activity, economic conditions, decriminalization of marijuana, and aging demographics. The Working Party will review and build upon this groundwork. Deliverables from this project will include an expanded and enhanced analysis and dashboard report summarizing the analytical findings, that will be continuously and periodically reviewed and published for the benefit of members and stakeholders.
It is expected that the work will be completed in 6-9 months and will involve approximately 15-20 hours of time for each volunteer.
If interested in participating, please contact Dave Core at email@example.com.
Professional Education Task Group Volunteers Needed
Posted: May 26, 2016
The CAS needs Professional Education task group volunteers to help the CAS be visible at non-actuarial organization meetings. Volunteers will review calls for presentations from the following organizations, their past meetings content, and consider submitting 2-3 sessions for their next annual meetings. The task groups will last a span of 6-9 months with email communications and 2-3 phone calls.
These task forces will represent the CAS in assisting the following Organizations:
- The American Academy of Insurance Medicine (AAIM)
- The American Statistical Association (ASA)
- The American Economic Association (AEA)
We appreciate our volunteers and their contributions and hope that members take advantage of this opportunity to represent the CAS in these disciplines. If you are interested in volunteering or have questions please email Matt at firstname.lastname@example.org.
Posted: January 23, 2015
The Examination Committee is responsible for organizing, managing, and administering the CAS Examinations, and is the most popular way for New Fellows to volunteer. The Examination Committee works hard to place every volunteer on the exam that best fits the member. The CAS asks that new members make a 3 year commitment to the exam committee to maintain consistency and quality of exams.
The work of the Exam Committee is key to maintaining high standards of professionalism of the CAS membership. Volunteering for the Exam Committee is a great way to get involved in the CAS. Volunteers are placed primarily during February through April and August through October.
New question writers are required to participate in a three hour training Webinar with no travel required. After submitting questions, the entire committee will meet to refine questions and compile the exam(s). The CAS covers up to $800 for airfare and selects a hotel that falls within reimbursement guidelines.
- Spring exams (and Exam 5) – September through October with a writers’ summit in October or November
- Fall exams (and Exams 6US and 6C) – February through April with a writer’s summit in April or May .
The CAS covers up to $800 for airfare and selects a hotel that falls within reimbursement guidelines.
- Spring exams – starting in mid-May, culminating in a two day grading session in Las Vegas mid-June.
- Fall exams – starting in mid-November, culminating in a two day grading session in Las Vegas in early December.
Exam Specific Information
- Exam 5 – now offered twice a year. There will be openings for graders (spring, fall or both) and question writers (question writing will take place only in September through October, or November at which time both exams for the following year will be compiled).
- Exam 6US – now offered twice a year. There will be openings for graders (spring, fall or both) and question writers (question writing will take place only in February through April or May).
- Exam 7 – spring exam. New members are expected to be full committee members – writing questions and grading.
- Exam 8 – fall exam. New members are expected to be full committee members – writing questions and grading.
- Exam 9 – spring exam. New members are expected to be full committee members – writing questions and grading.
- New Exams ST (Statistics) and LC (Life Contingencies) may need new members. These exams are multiple choice so no grading is involved. The Committee meets twice a year for two days each time in various locations.
CAS University Liaison
Posted: January 23, 2015
The CAS University Liaison Program, established in 1999, has grown considerably in the last year and currently matches CAS members with 287 universities around the world. We are excited about the progress that has been made, thanks to our volunteer University Liaisons, but there is still more work to be done.
The University Engagement Committee developed a list of target schools, with a goal to match a University Liaison with each university on the list. More than 150 schools on the Committee’s target list are not yet matched with a University Liaison. CAS members are invited to volunteer as a University Liaison to a school on the target list.
University Liaisons provide support in a number of ways, such as:
- Make campus visits and presentations to students and faculty
- Talk with students on an individual basis
- Advise faculty on curriculum matters
- Serve on a university Advisory Board
- Advise the universities on CAS opportunities, tools and resources, and the exam system
The CAS supports University Liaisons in their university outreach efforts by providing them with off-the-shelf presentations, case studies, and marketing materials. University Liaisons belong to an online community of fellow volunteers where they can access resources and share their experiences with other University Liaisons.
For more information about the role of University Liaison, please review the description of the expectations for University Liaisons.