CAS and the Institutes Form Strategic Alliance to Provide Educational Solutions for Risk and Insurance Professionals
(L-R) Stephen Lowe, Incoming CAS President; Peter Miller, President and CEO of The Institutes; and Bob Miccolis, CAS President
Arlington, VA, November 23, 2015 – The Casualty Actuarial Society (CAS) and The Institutes have entered into a strategic alliance to enhance their premier professional offerings and deliver innovative educational solutions to the insurance industry and risk management professionals. The alliance, which will support and promote professional designation programs and other educational opportunities for insurance and risk professionals, was first announced at last week’s CAS Annual Meeting in Philadelphia.
The Casualty Actuarial Society is a leading international organization in advancing the practice and application of casualty actuarial science through professional education and credentialing.
The Institutes, formerly the American Institute for Chartered Property Casualty Underwriters, is a leader in delivering education for the risk management and property casualty insurance industry.
The two organizations have collaborated on educational programs for more than 20 years, both sharing a common goal to serve the needs of the P&C insurance industry and risk management professionals. This new alliance will more formally acknowledge the existing close working relationship between the CAS and The Institutes and provide an official platform for working together on future opportunities.
The CAS currently provides premier credentials for qualified property and casualty actuaries in the designations of Fellow (FCAS) and Associate (ACAS). The CAS also recently announced the creation of The CAS Institute, a subsidiary that will provide new specialty credentials to quantitative professionals in areas such as predictive analytics and data science. The Institutes currently offer nearly 25 specialty certificate and designation programs in claims, risk management, underwriting, and reinsurance, including the designations of Chartered Property Casualty Underwriter (CPCU®) and Associate in Risk Management (ARM™).
When announcing the alliance last week, CAS President Bob Miccolis, FCAS, commented, “The CAS is proud to acknowledge our long-standing relationship with The Institutes with this formal alliance. While our two organizations often have similar objectives and overlapping roles with respect to certain aspects of the industry, we recognize that it is in our own best interest – as well as the best interest of our members – to continue to work together. We will now serve as an even greater resource to the risk community.”
The Institutes President and Chief Executive Officer Peter L. Miller, CPCU, echoed Miccolis’ comments, saying, “Our new partnership with the CAS is in line with our ongoing mission to meet the evolving professional development needs of risk and insurance professionals. This alliance is a unique opportunity for our two organizations to leverage each other’s expertise and experience.”
The strategic alliance will enable and enhance complementary offerings between the two organizations for professional education to the insurance industry and the risk professionals working in the industry, particularly in the application of data analytics in the industry. The Institutes will also assist The CAS Institute with providing state-of-the-art methods for delivering professional education and competency assessment for its new specialty credentials.
Incoming CAS President Stephen Lowe, FCAS, who began his one-year term at the close of the 2015 CAS Annual Meeting, added, “This alliance is a prime example of how collaborative efforts within the insurance industry can produce results that benefit a large number of risk professionals. With this new strategic partnership and the recent launch of The CAS Institute, we look forward to continuing our momentum in the year ahead.”
For more information on The CAS Institute, visit www.TheCASInstitute.org.
About the Casualty Actuarial Society
The Casualty Actuarial Society is a leading international organization for professional education and credentialing. Their credentials demonstrate the expertise to identify, analyze and advise on the potential financial impact of risk and uncertainty. Professionals educated by the Casualty Actuarial Society empower business and government to make well-informed strategic, financial and operational decisions.
About The Institutes
The Institutes are the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. The Institutes’ knowledge solutions include the CPCU® designation program; associate designation programs in areas such as claims, risk management, underwriting and reinsurance; introductory and foundation programs; online courses; research; custom solutions; assessment tools; and continuing education (CE) courses for licensed insurance professionals and adjusters through their CEU business unit.
The Institutes are affiliated with the CPCU Society, a community of credentialed insurance professionals who promote excellence through their technical expertise and ethical behavior, and The Griffith Insurance Education Foundation, a not-for-profit educational organization that promotes the study and teaching of risk management and insurance.
Kate Niswander, Marketing and Communications Manager