The CAS Board of Directors decided at its March 19-20, 2009, meeting that the CAS would pursue an Enterprise Risk Management (ERM) designation, in accordance with the recommendation of the CAS Enterprise Risk Management Designation Task Force (Task Force).

The Task Force was formed in April 2008 and charged with monitoring developments on an ERM designation, exploring issues and opportunities for the CAS, and recommending a course of action. The CAS has been engaged with a number of actuarial organizations internationally to explore the possibility of creating a global ERM designation. In addition, the CAS and the Society of Actuaries have been discussing a possible expansion of the Chartered Enterprise Risk Analyst (CERA) designation for CAS members.

Consistent with the task force recommendations, the board authorized CAS leadership to continue to pursue multiple possible courses of action in developing an ERM designation for the CAS, including:

• Continuing discussions with international actuarial associations for the development of a global ERM designation, temporarily referred to as “XRX.”
  
• Continuing discussions with the SOA on the appropriateness of CERA as the ERM designation.
  
• Pursuing efforts to reconcile XRX and CERA such that there would be a single ERM designation for the CAS, SOA, and other actuarial associations in North America and possibly globally.
  

Online exam registration for Exams 3L and 5-9 will have a new look starting with the October 2009 exams. Although the links for online exam registration will continue to be posted in the “Admissions/Exams” section of the CAS Web Site, candidates will actually register for exams through the CAS Online Store.

Because of the way that the CAS Online Store processes sales, to register, candidates must take the following steps:

1. Log into the exam registration site. Please note that you will have to have a signed Electronic Signature Authorization Form (ESAF) on file at the CAS Office to register online for exams.
   
2. Verify that your pre-populated contact information is correct. If it is not, you may update it on the registration form.
   
3. Enter your Date of First Full-Time Property-Casualty Employment if it has not been pre-populated – or check the box to indicate that you have not worked full-time in the property-casualty field.