Volunteer for the CAS
For general information on volunteering please send an email to firstname.lastname@example.org.
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.
ARECA Scholarship Writers - Call for Volunteers
September 19, 2017
ARECA, our CAS regional affiliate in Asia, is launching a scholarship competition for undergraduate actuarial students in Asia. ARECA is seeking volunteers to write one or more short scenarios on a diverse array of topics for the scholarship competition. Topics can be related to general insurance, to the societal or business environment in which general insurance risks arise, or to other topics that might utilize the skills of general insurance actuaries. Two sample scenarios are included at the end of this message.
Each scholarship applicant will select one of the scenarios, do some research as needed, conduct some thinking and analysis, and write a paper (approximately 5 pages) with the applicant’s analysis and recommendations.
We invite CAS members to submit scenarios for the competition. The ARECA committee will select the scenarios for the competition, which may include using in whole or part, adapting, and/or translating your submission. Your response should be submitted to CAS International Relations Manager, Michael Chou (email@example.com) by September 30, 2017.
Scenario descriptions should be no longer than 100 words. Your submission may be in English or Mandarin. Please recall that our audience is undergraduate students. You are welcome to submit more than one idea. You must identify any portion of your submission that is the intellectual property of someone else (such as a scenario that you found in a textbook).
ARECA thanks you for your creative assistance.
Sample Scholarship Scenarios:
- You are the chief actuary of XYZ Insurance Company. The CEO asks you to describe the potential implications and opportunities for the company’s insurance business, as self-driving vehicles become more common, and asks you to suggest some strategic projects that he should launch so the company will be prepared. Please prepare a report for the CEO.
- A manufacturer is about to launch a major new subsidiary, “Skyware,” that will focus on producing and selling drone hardware and software to businesses and consumers. What are some of the key issues that Skyware needs to think about in [planning its risk management program and] obtaining insurance coverage for this new venture?
Working Party on Responsible Modeling Volunteer Opportunity
Posted: May 1, 2017
A new working party on responsible modeling is being formed and needs volunteers.
As the awareness of "big data" increases among the news media and the general public, there are increasing reports of adverse consequences from the reliance on data-driven models. For example, in the recent book called "Weapons of Math Destruction", Cathy O'Neill provides several examples of "models gone wrong" and calls for modelers to be more conscious of the social impacts of their models.
The working party will discuss questions such as the following:
- What can the actuarial profession learn from these critiques?
- How does/should the actuarial profession encourage responsible modeling?
- What best practices help avoid unintended consequences when models are put into action?
- How can we demonstrate responsible modeling to our various stakeholders (business leaders, regulators, public policy makers, etc.)?
- Are there lessons from discussions about "actuarial fairness" in the 1970s that should be refreshed for current application?
The working party and its members will produce discussion papers, presentations, blog posts, or other output in response to these questions. The overall goal will be to encourage dialog and build awareness about these topics among our members, and to distinguish the actuarial profession as responsible modelers.
Working parties bring together a group of interested professionals to focus on a specific research project over the short timeframe of about one year. A written report is usually the end product of a working party. All interested researchers are invited to participate, CAS member or not.
If you are interested in participating on this working party, please fill out our survey.
Additionally, if you have questions, please contact Jody Allen at firstname.lastname@example.org.
Research Working Party Volunteer Opportunity
Posted: April 5, 2017
Would you like to have a say in the kind of research the CAS undertakes? Write down an idea for a short-term research initiative in the Research Working Party volunteer area at the CAS registration desk – research that could be accomplished with a small group of CAS volunteers within 12-18 months – and the CAS will recruit volunteers. For more information contact CAS Director of Professional Education and Research, Dave Core at email@example.com.
Program Planning Committee Volunteer Opportunity
Posted: April 5, 2017
Looking forward to the Spring Meeting? The Program Planning Committee works to develop the content for both the Spring and Annual Meetings and invite you to consider joining the group to help shape future programs. For more information contact CAS Director of Professional Education and Research, Dave Core at firstname.lastname@example.org.
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 (email@example.com) 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 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.